g**1
发帖数: 10330 | 1 http://www.telegraph.co.uk/finance/financialcrisis/8886380/Euro
Eurozone bail-out fund has to resort to buying its own debt
Europe's trillion (￡854bn) rescue fund has been forced to buy its own
debt as outside investors become increasingly concerned about the worsening
eurozone sovereign debt crisis.
By Harry Wilson and Kamal Ahmed9:30PM GMT 12 Nov 2011
The European Financial Stability Facility (EFSF) last week announced it had
successfully sold a bn 10-year bond in support of Ireland.
However, The Sunday Telegraph can reveal that target was only met after the
EFSF resorted to buying up several hundred million euros worth of the bonds.
Sources said the EFSF had spent more than 100m buying up its own bonds to
help it achieve its funding target after the banks leading the deal were
only able to find about .7bn of outside demand for the debt.
The revelation will be seen as a major failure and a worrying sign of future
buyers strike after EFSF officials and their bankers had spent recent weeks
travelling the world attempting to persuade key investors, including China'
s national wealth fund and Japanese government funds, to buy its bonds.
Chinese and Japanese money was crucial to last year's first bond sales by
the EFSF, but they have since been dismayed by the eurozone's failure to
resolve the worsening debt crisis and alarmed at how fund has morphed from
being a rescue facility for European banks into a potentially trillion
leveraged first-loss insurer for eurozone governments.
Other European Union funds are also understood to have supported the EFSF's
bond sale. The failure of the EFSF will increase pressure on the European
Central Bank to effectively become the lender of last resort for the
eurozone, a move it has strongly resisted.
At a private breakfast organised by PI Capital last week, Mark Hoban, the
Treasury minister, said: "What it doesn't do is provide the next stage of
the solution, which is how do you stop this from happening again?" he said.
The move, by the European Investment Bank, will cause more disquiet among
non-eurozone EU members who have become concerned about their growing
exposure to the cost of rescuing the currency bloc. | p******u
发帖数: 14642 | 2 印钱买呗
worsening
had
the
bonds.
【在 g**1 的大作中提到】
: http://www.telegraph.co.uk/finance/financialcrisis/8886380/Euro
: Eurozone bail-out fund has to resort to buying its own debt
: Europe's trillion (￡854bn) rescue fund has been forced to buy its own
: debt as outside investors become increasingly concerned about the worsening
: eurozone sovereign debt crisis.
: By Harry Wilson and Kamal Ahmed9:30PM GMT 12 Nov 2011
: The European Financial Stability Facility (EFSF) last week announced it had
: successfully sold a bn 10-year bond in support of Ireland.
: However, The Sunday Telegraph can reveal that target was only met after the
: EFSF resorted to buying up several hundred million euros worth of the bonds.
| l******t
发帖数: 55733 | 3
印钱是饮酖止渴，明显不能解决问题
【在 p******u 的大作中提到】
: 印钱买呗
:
: worsening
: had
: the
: bonds.
| p******u
发帖数: 14642 | 4 你以为我很想看欧洲真解决问题么
【在 l******t 的大作中提到】
:
: 印钱是饮酖止渴，明显不能解决问题
| g*****c
发帖数: 4378 | 5 short term yes
long term no
【在 p******u 的大作中提到】
: 你以为我很想看欧洲真解决问题么
| s********n
发帖数: 26222 | 6 哦呵呵，欧洲还在花大钱帮美帝打仗，远不到中国去救的时候
【在 p******u 的大作中提到】
: 你以为我很想看欧洲真解决问题么
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