Sunday, March 18, 2012
diablo 3 gold - IBW
Newest data shows, dimensions of balance sheet of European Central Bank is in December 23 expand when week quickness to 2.7 trillion euro, innovate again tall. Meanwhile, european each bank also achieves record-breaking 452 billion euro in 27 days in the deposit dimensions of European Central Bank, only slightly under last week European Central Bank 3 years period long-term again financing is operated (LTRO) emission 489.2 billion euro. Message one, although result of auction of Italian national debt is favorable, but still cannot restrain market convection to move a gender to be anxious constrictively, investor in succession the venture capital that undersell heads with euro, bring about euro to drop greatly, touch 15 months are new low, global stock market also gloomy. The Ding Chun of director of research center of problem of Fudan University Europe that accepted our newspaper reporter to interview on December 29 expresses, bringing about the one big factor that quickness of near future of dimensions of balance sheet of European Central Bank expands is his long-term again financing operation, but fail to pass fluidity of a huge sum successfully the bank to put however borrow infuse market, alleviate " famine " , the fund that borrows by Europe each bank puts an European Central Bank intactly. European banking in a large-scale " store up grain " the phenomenon makes a person anxious, the fluidity that grow in intensity " famine " still spreading. Announce according to European Central Bank, became on December 23, include European Central Bank and euro division 17 members country the Central Bank inside indebted dimensions raised euro system capital fund 2.3943E15 euro, to 2.733 trillion euro (add up to) of 3.55 trillion dollar about, achieve the history new tall, the dimensions before comparing 3 months increased 553 billion euro, farther prep above last year the 1.926 trillion euro of the corresponding period. Meanwhile, euro area each big bank Zhou Er stocked four hundred and fifty-two billion and thirty-four million euro to European Central Bank, again the record of the 411.8 billion euro that refresh week just achieves. Ding Chun tells a reporter, in a year of in the past, dimensions of balance sheet of European Central Bank already expanded 26% , and 3 months were added in the past fast more breathtaking. However, dimensions of deposit of of the previous night of European Central Bank also is expanding continuously, exceed dimensions of 100 billion euro very quickly since this year August especially, reside all the time do not fall high. The market thinks generally, this report gives each bank to worry about a person of same business to be opposite the risk n of crisis of debt of euro area dominion, to beg reliable, aux would rather put fund in European Central Bank, do not wish to be offerred to other bank leasehold, financing of market of the short-term loan between the bank is very tight. Ding Chun expresses self-identity to this, call Europe each big bank auxes would rather stock capital European Central Bank to avoid danger, and rather than is engaged in putting shift an activity, bring about market liquidity in short supply state still is continueing. But those who make a person incomprehensible is, last week with one action of European Central Bank to banking infuse after fluidity of nearly 500 billion euro, "Store up grain " phenomenon unexpectedly a bit did not get alleviating diablo 3 gold, have the power that grow in intensity greatly, banking is shown extremely strong " insecurity " . This is each bank probably on one hand before height of repay a debt and hair debt pressure came 2012 maintain mentality oneself, 3 years when also explain European Central Bank is rolled out last week at the same time period financing is operated and alleviate not effectively again fluidity insecurity current situation, anticipate in pessimism below, "Ravages of a drought " continue probably to next year. Last week 3, european Central Bank announces to euro 523 banks inside the area are offerred 3 years period amount is for 489.2 billion euro, interest rate of 1% long-term again financing operation, the hope adds the each other between the bank credit of letter, slow down is constrictive, attract bank borrow capital to buy the high interest national debt of Italy and Spain, undertake benefit difference trades, thereby the yield of national debt of depress two countries. Face the help sb generously with money of European Central Bank, although each just commend differ, but most viewpoint thinks, this action is indicating European banking is short-term inside financing alarm already removed. However, reality again disappointing. Occupy Ding Chun to analyse, from look substantially, of European Central Bank exceeding long-term low interest to borrow money is to encourage a bank to put borrow, the condition of financing area insecurity that alleviation debt crisis causes. But look from actual condition, afore-mentioned act were not achieved expect the result. Normally the circumstance falls diablo 3 power leveling, the bank deposits redundant fund only it is the deposit account of 0.25% only in interest rate of of the previous night of European Central Bank. "Interesting is, although be in 1% with the choice of 0.25% in, euro area bank happens to coincide however chose latter, this is meant probably when at the risk the preference drops, the apiration covering interest of the bank no longer intense diablo 3 gold, also mirror a market to be not worth badly to solving the confidence of crisis of euro area debt, zhousi Italy 10 years period national debt yield is approached for a time 7% , yield of Spanish national debt still is going tall, it is market confidence is short of the true portraiture that break. " he complements. Ding Chun thinks, current one big question depends on, european Central Bank this long-term again financing operation did not face sovereign state home to provide liquidity directly, will accept an object to be Europe surely however each are big commercial bank, put in the problem probably on programming. Nowadays, arbitrage fails to happen, european Central Bank expects borrow the tentative idea that saves debt crisis through putting also melt into visionary hope. Return origin it seems that in everything when, the euro of the balance sheet that expands increasingly and successive be issued to lower levels goes situation the condition that makes sink of European Central Bank more awkward, the bounden duty that inflation stabilizes area of its defend euro also is faced with menace. He expresses, in next year in Feburary another round long-term again before financing operates arrival, european Central Bank should make a part adjust, so that its more save debt crisis forthrightly, and in reject to assume all the time " final usurer " certain concession also should be made on this one problem. The analysis points out, set out from the angle of operation of European banking oneself, in a large-scale " store up grain " it is right choice. It is reported, last week 3 years period long-term again before financing is operated, central Bank of euro area each country ever urged each big commercial bank uses means of this one financing to cover the capital requirement 2012. If heart of president of European Central Bank plays auspicious place character, pressure of financing of market of euro area bond is next year enormous first quarter, can have the bank that is as high as 230 billion euro at the appointed time bond and the 250 billion national debt to 300 billion euro is about to expire. Meanwhile, the pressure sending debt of euro area country is unusual also. Newest report shows lucky silver, next year European country planned to issue bond of 82 billion euro in January, the model of hair guild regulations first quarter is as high as 234 billion euro, annual add up to 740 billion euro. Not only such, did not come to the company that euro area will face 2000 much euro one year to have assure bond expires. Lucky silver-colored respect thinks, the investor of European dominion debt is decreasing, the financing environment of euro area next year will be more harsh. So, below huge capital requirement, the act that did not use the loan of European Central Bank at bond market instantly has feasibility. Responsibility edits: NF018