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欧州中央銀行総裁のマリアノ=ドラギ(Mariano Draghi)氏は、スペイン政府のBANKIA銀行への対応は、最悪の対応で、欧州中央銀行は、スペインのBANKIA銀行の救済はしないと言う
Draghi cree que el Gobierno actuó de “la peor manera posible” con Bankia
El presidente del BCE lamenta que España "subestimara" los problemas de la entidad
El banquero rechaza intervenir para contener la crisis y reclama la creación de la unión bancaria
La institución urge a los líderes europeos a clarificar su visión sobre el futuro del euro
Claudi Pérez Bruselas31 MAY 2012 - 12:18 CET
Draghi think the government acted in "the worst possible way" with Bankia
ECB President regrets that Spain "underestimate" the problems of the entity
The banker refuses to intervene to contain the crisis and calls for the creation of the joint bank
The institution is urging European leaders to clarify their vision for the future of the euro
The outflow of capital of the Spanish economy sprayed all records
Claudi Perez Brussels 31 MAY 2012 - 12:18 CET
ECB President regrets that Spain "underestimate" the problems of the entity
The banker refuses to intervene to contain the crisis and calls for the creation of the joint bank
The institution is urging European leaders to clarify their vision for the future of the euro
The outflow of capital of the Spanish economy sprayed all records
Claudi Perez Brussels 31 MAY 2012 - 12:18 CET
Mario Draghi's eyebrows have become the best indicator of what can happen in the coming days with the epicenter of the crisis in Europe: Spain, the recession, the world record unemployment and especially its banking crisis, which may force the Government to seek European intervention if the waters subside. The European Central Bank (ECB) is perhaps the only institution that can refloat the delicate situation of the Government of Rajoy, doomed to ask for bailouts for the banks if the pressure does not yield. And the pressure will not yield if the ECB does not take all the artillery.
Asked by Bankia, Spain and the financial system in the European Parliament, Draghi eyebrows moved this morning and immediately shook the pressure that the government has tried to pierce these days (at least in the press conference: Rajoy said the same sense of urgency to its partners in the last European summit, told reporters that).
"What we show the cases of Dexia and Bankia is that, when faced with dramatic recapitalization needs, the reaction of governments or national supervisors is to underestimate the importance of the problem, make an initial assessment, then a second, third a fourth, "Draghi said in an appearance before the Economic Affairs Committee of Parliament.
"That's the worst possible way to do things because in the end everyone ends up doing the right thing, but at higher cost possible," he lamented. "I call on all governments to bear this in mind. It is better to err on too much at first mistake by putting too little. It's better in assessing the capital needs of banks err on the high band and transparency overdo understatement and painfully discover, "he insisted Draghi.
"Can the ECB fill the void of the lack of action by national governments, the answer is no," says Draghi
The Government has come to give three different figures before Rato's successor needs ariseth up to 24,000 million euros. "It is better to err on by default and then discover with horror the results," explained on the slip that has dented the credibility Spanish markets. On the possibility that the ECB soften the pressure on Spain, the president of Eurobanco was even more blunt: "Can the ECB fill the void of the lack of action by national governments on growth and the deficit, the answer is no. Can the ECB to fill the void of the lack of action by national governments on their structural problems, the answer is no. "
Recapitalize European banks
Draghi seems intent on doing nothing in the short term, which amounts almost to a conviction for Spain, but instead warns the Union itself to implement long-term credible mechanisms to recapitalize European banks, which at best cases will take months before a decision-making in Brussels is revealed "devilishly effective" in the words of Felipe González. "You need a credible mechanism to recapitalize the euro area and the improvement of supervision to address the economic challenges facing the union," he said.
Draghi aligns well with the President of the European Commission Jose Manuel Barroso and Prime Minister, Herman Van Rompuy, who intend to address at the top end of June the first steps towards a union bank: a federation with regard to financial system, compared to what is now a sort of confederation. Europe prepares common supervision and above all a deposit insurance fund policy (the key to prevent contagion through bank runs) and a mechanism for crisis resolution to inject money into banks that need it, something that does not happen now with the bailout funds to the refusal of Germany and its satellites.
Markets understand this anomaly from the beginning and one of the reasons for the recent attacks is that fragility in the European institutional building. The European institutions are beginning to understand now. The EU will present next week a first proposal in this way to the bank union. Draghi is a strong advocate of this change, which would give the ECB an even more prominent in the European institutional architecture: "You have to set up credible mechanisms for bank recapitalization and restructuring where necessary and improve the monitoring and resolution of banking crises EU level, "he told MEPs and a swarm of reporters and measuring every word and every gesture, every arching eyebrows, the guy who probably has in his hands the only way to clear the horizon of Spain.
Asked by Bankia, Spain and the financial system in the European Parliament, Draghi eyebrows moved this morning and immediately shook the pressure that the government has tried to pierce these days (at least in the press conference: Rajoy said the same sense of urgency to its partners in the last European summit, told reporters that).
"What we show the cases of Dexia and Bankia is that, when faced with dramatic recapitalization needs, the reaction of governments or national supervisors is to underestimate the importance of the problem, make an initial assessment, then a second, third a fourth, "Draghi said in an appearance before the Economic Affairs Committee of Parliament.
"That's the worst possible way to do things because in the end everyone ends up doing the right thing, but at higher cost possible," he lamented. "I call on all governments to bear this in mind. It is better to err on too much at first mistake by putting too little. It's better in assessing the capital needs of banks err on the high band and transparency overdo understatement and painfully discover, "he insisted Draghi.
"Can the ECB fill the void of the lack of action by national governments, the answer is no," says Draghi
The Government has come to give three different figures before Rato's successor needs ariseth up to 24,000 million euros. "It is better to err on by default and then discover with horror the results," explained on the slip that has dented the credibility Spanish markets. On the possibility that the ECB soften the pressure on Spain, the president of Eurobanco was even more blunt: "Can the ECB fill the void of the lack of action by national governments on growth and the deficit, the answer is no. Can the ECB to fill the void of the lack of action by national governments on their structural problems, the answer is no. "
Recapitalize European banks
Draghi seems intent on doing nothing in the short term, which amounts almost to a conviction for Spain, but instead warns the Union itself to implement long-term credible mechanisms to recapitalize European banks, which at best cases will take months before a decision-making in Brussels is revealed "devilishly effective" in the words of Felipe González. "You need a credible mechanism to recapitalize the euro area and the improvement of supervision to address the economic challenges facing the union," he said.
Draghi aligns well with the President of the European Commission Jose Manuel Barroso and Prime Minister, Herman Van Rompuy, who intend to address at the top end of June the first steps towards a union bank: a federation with regard to financial system, compared to what is now a sort of confederation. Europe prepares common supervision and above all a deposit insurance fund policy (the key to prevent contagion through bank runs) and a mechanism for crisis resolution to inject money into banks that need it, something that does not happen now with the bailout funds to the refusal of Germany and its satellites.
Markets understand this anomaly from the beginning and one of the reasons for the recent attacks is that fragility in the European institutional building. The European institutions are beginning to understand now. The EU will present next week a first proposal in this way to the bank union. Draghi is a strong advocate of this change, which would give the ECB an even more prominent in the European institutional architecture: "You have to set up credible mechanisms for bank recapitalization and restructuring where necessary and improve the monitoring and resolution of banking crises EU level, "he told MEPs and a swarm of reporters and measuring every word and every gesture, every arching eyebrows, the guy who probably has in his hands the only way to clear the horizon of Spain.
欧州中央銀行総裁のマリアノ=ドラギ(Mariano Draghi)氏は、スペイン政府のBANKIA銀行への対応は、最悪の対応で、欧州中央銀行は、スペインのBANKIA銀行の救済はしないと言う
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