http://elpais.com
スペインの公的援助で銀行救済を受けた銀行は、不良債権を分離すべきだとスペインの経済省相(Luis de Guindos)は言う
La banca que necesite ayuda pública tendrá que segregar sus activos tóxicos
El Gobierno ha mostrado su reticencia a esta fórmula, pese a las presiones de Bruselas
The banks need public assistance will have to segregate their toxic assets
The government has shown reluctance to this formula, despite pressure from Brussels
Jesus Gonzalez Madrid Sérvulo 26 JUN 2012 - 14:22 CET
The government has shown reluctance to this formula, despite pressure from Brussels
Jesus Gonzalez Madrid Sérvulo 26 JUN 2012 - 14:22 CET
The Economy Minister Luis de Guindos, said this morning in Congress that the financial system must submit a new plan for orderly restructuring of the entities. During his appearance before the Committee of Finance to explain the rescue from Brussels to Spain to help the financial system, has detailed some of the conditions of the banking bailout. "There will be horizontal conditions for the whole system and additional measures that may include segregation of the balance sheet containing the troubled assets," said the minister. However, Guindos stressed that Brussels has already expressed its preference for "this additional measure," reminiscent of a bad bank, integrating all the troubled assets of financial sector. So far the government has shown reluctance to this formula for banking consolidation despite pressure from its European partners but the Government is now favorable to this solution. "We have to analyze, evaluate and negotiate with partners and the European institutions. But it is a mechanism that is quite reliable and has advantages, "said Guindos who explained that this solution leaves" transparent and clear the bank balance and lets them focus on their core business. " However, it specified that is not yet defined the final solution.
He also explained that the government is negotiating with the European Commission the conditions of the credit line of up to 100,000 million and the compensatory measures will be required to Spanish financial system. "But it's a process that will take time because it is a complex package," he acknowledged. But progress has been made that "the process of injection of capital to nationalized entities is to be done very quickly." At that point has been clarified that Bankia not yet nationalized, but the process will culminate in the coming days.
As a result of the restructuring of the Spanish banking sector the Minister said: "We will have a smaller financial sector entities with fewer but more solvent." You tried to break the bank contagion risk to sovereign risk. "Let there be a safety net maximum of 100,000 million to build confidence and security." And he added: "We have received a loan that allows us to do more things than we have been able to do with that amount because we have enormous leeway. We do not want to leave any doubt. "
Guindos remarked that conditionality "will only be specific to the financial system" and that "there will be fiscal policy conditionalities or linked to a macroeconomic adjustment program." Of course, recalled that Spain will be subject to excessive deficit procedure mandatory for the EC members who breach the deficit target as Spain.
The minister did not specify what the conditions imposed rescue Europe to Spain but has insisted that "the terms of the credit line will be much more favorable than the FROB would have to bear if I had to go to the markets." Precisely, explained that the Bank Restructuring Fund (FROB)-the fund used by the Government to help the integration of the banking system is the intermediary of the government to clean up the banking, "respecting the European rules on state aid ".
Margin of safety
The minister recalled that on Saturday June 9 the government announced its intention to seek funding to its European partners to support the weaker financial institutions. The aid, said Guindos, should have "a significant safety margin": An amount that must cover any eventuality to "very negative macroeconomic scenarios."
The aim of the measures undertaken by the Government to reform the financial system, has indicated Guindos, seeking to adjust the claims related to promoter credit at market price. So the minister has stated that the active promoter linked to the credit amount to 307,000 million euros, which have an average coverage of 45%, one of the largest in the international arena. "Banks will have to deal with this scenario and if they can not have to request support from the FROB," said the minister stressed that the Spanish financial sector "is usually healthy. The vulnerabilities are concentrated in a group of banks that either have received aid from FROB or are seized. "
The minister wanted to heal the wounds suffered in recent months on the credibility of the Bank of Spain for alleged government interference in their skills. "On no occasion the Government has undermined the professional and intellectual independence of the Bank of Spain. The Bank of Spain will have to be major player in Spain has the relationship with institutions and play a key role in process will inject capital into institutions. It should be the main actor increasingly important and will play an intensified in recent weeks. "
In addition, Guindos has defended the need for progress in European integration and noted that the European summit to be held next Thursday and Friday is fundamental to this. "The summit is essential to establish milestones and timetables for joining the bank and plans for fiscal union, which represents a transfer of sovereignty from national to Europe."
He also explained that the government is negotiating with the European Commission the conditions of the credit line of up to 100,000 million and the compensatory measures will be required to Spanish financial system. "But it's a process that will take time because it is a complex package," he acknowledged. But progress has been made that "the process of injection of capital to nationalized entities is to be done very quickly." At that point has been clarified that Bankia not yet nationalized, but the process will culminate in the coming days.
As a result of the restructuring of the Spanish banking sector the Minister said: "We will have a smaller financial sector entities with fewer but more solvent." You tried to break the bank contagion risk to sovereign risk. "Let there be a safety net maximum of 100,000 million to build confidence and security." And he added: "We have received a loan that allows us to do more things than we have been able to do with that amount because we have enormous leeway. We do not want to leave any doubt. "
Guindos remarked that conditionality "will only be specific to the financial system" and that "there will be fiscal policy conditionalities or linked to a macroeconomic adjustment program." Of course, recalled that Spain will be subject to excessive deficit procedure mandatory for the EC members who breach the deficit target as Spain.
The minister did not specify what the conditions imposed rescue Europe to Spain but has insisted that "the terms of the credit line will be much more favorable than the FROB would have to bear if I had to go to the markets." Precisely, explained that the Bank Restructuring Fund (FROB)-the fund used by the Government to help the integration of the banking system is the intermediary of the government to clean up the banking, "respecting the European rules on state aid ".
Margin of safety
The minister recalled that on Saturday June 9 the government announced its intention to seek funding to its European partners to support the weaker financial institutions. The aid, said Guindos, should have "a significant safety margin": An amount that must cover any eventuality to "very negative macroeconomic scenarios."
The aim of the measures undertaken by the Government to reform the financial system, has indicated Guindos, seeking to adjust the claims related to promoter credit at market price. So the minister has stated that the active promoter linked to the credit amount to 307,000 million euros, which have an average coverage of 45%, one of the largest in the international arena. "Banks will have to deal with this scenario and if they can not have to request support from the FROB," said the minister stressed that the Spanish financial sector "is usually healthy. The vulnerabilities are concentrated in a group of banks that either have received aid from FROB or are seized. "
The minister wanted to heal the wounds suffered in recent months on the credibility of the Bank of Spain for alleged government interference in their skills. "On no occasion the Government has undermined the professional and intellectual independence of the Bank of Spain. The Bank of Spain will have to be major player in Spain has the relationship with institutions and play a key role in process will inject capital into institutions. It should be the main actor increasingly important and will play an intensified in recent weeks. "
In addition, Guindos has defended the need for progress in European integration and noted that the European summit to be held next Thursday and Friday is fundamental to this. "The summit is essential to establish milestones and timetables for joining the bank and plans for fiscal union, which represents a transfer of sovereignty from national to Europe."
0 件のコメント:
コメントを投稿