欧州中央銀行のある取締役は、スペインがスペイン国債の購入を申請する可能性は段々少くなると発言
CRISIS EURO
Consejero del BCE ve reducirse la probabilidad de que España pida un rescate
EFE Economía Bruselas 27 DIC 2012 - 14:55 CET
EURO CRISIS
ECB sees Counselor reduced the likelihood that Spain prompted a rescue
Economy Brussels EFE 27 DIC 2012 - 14:55 CET
The Belgian Minister of European Central Bank (ECB), Luc Coene said today that the chances that Spain chooses to apply for a bailout of the euro zone are dwindling, but made it clear that if that is the case there would be strict conditions.
"If we give the ECB will lose all credibility," Coene said on conditionality of aid programs in an interview with the weekly flamenco "Trends".
The governor of the National Bank of Belgium stressed the positive effects it has had the announcement of the new program of buying sovereign debt by the ECB designed and considered that helped eliminate market sentiment that the euro could "explode".
"We have taken that risk off the table and to the markets has been a psychological turning point. Their reaction is still positive, even when the odds of Spain come to ask for help are getting smaller," he said.
This past November, Coene Spain called for help urgently to the risk that the differential improvement of its debt to the German (the so-called "risk premium") had experienced in the markets becoming diluted , considering that the pressure drop was because investors hoped Europe Madrid solicitase support.
Coene, in any case, said that if a country requests activation debt program will have to deal with clear conditions.
"That's the line we have set and we can not cross," he said.
According to the Belgian banker, that conditionality derived from the "lesson" learned the "failure" of the previous program ECB bond buying, which led to the institution to decide that it can not support "automatic and continuous" countries.
"The way in which politicians like Silvio Berlusconi (Italian Prime Minister then) abused him shut the door," he said.
According Coene, the ECB was aware that this year should intervene to save the euro and decided to find a formula to avoid being held hostage by "empty promises of politicians."
"Now stop our support if a country does not comply with the program," he recalled.
The purchase program ECB debt was officially announced by its president, Mario Draghi, last September and helped to stabilize the risk premiums of several European countries such as Spain.
The Frankfurt-based institution determines its intervention in the secondary market for sovereign debt to the country in distress to seek help European rescue fund and undergo a series of macroeconomic commitments.
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