I-Eurogroup isebenza kwiphakheji yamanyathelo ezoqoqosho ukujongana nayo ixesha lobunzima lentsholongwane ye-Corona Oku kubandakanya ukusebenzisa imigca yokuthenga ngetyala ye-European Stability Mechanism (ESM) -ingxowa-mali yokuhlangula-, ukuhlanganisa ukuya kuthi ga kwizigidi ezingama-200.000 ezivela kwi-European Investment Bank (i-EIB) nokwenza kusebenze ingxowa-mali yoncedo ngokuchasene nentswela-ngqesho. Ngokukodwa, umgca wokhuseleko wokuthintela iimeko eziqinisekisiweyo ziya kusebenza, isixhobo esele sikhona kodwa esingazange sisetyenziswe, esinokufikelelwa ngawo onke amazwe ayifunayo. Lo mgca uya kuvumela ukuhlawulwa kwemali ukuya kuthi ga kwi-2% ye-GDP yelizwe eliyifunayo, oko kungathetha ukuba kusondele kwi-25.000 yezigidi kwimeko yaseSpain.
Kuzo naziphi na iimeko, enye yeenkalo zeenkwenkwezi ezibonakala ngathi azikhutshelwa ngaphandle zezi coronabonds ezidumileyo ngoku kwaye Amazwe akumazantsi eYurophu, kuquka iSpain. Njengesisombululo kwityala elinzima uqoqosho lwelizwe lethu olucinga ngalo ukulwa nezi zifo. Sisixhobo semali esinokwenza ukuba kunyuswe imali egameni lommandla wonke we-euro ukuze kuliwe neCovid-19. Kodwa amazwe aliqela, kubandakanya iJamani, ayasichasa esi sicelo, ebeka umngcipheko ekunikezeleni umbono wokungabikho komanyano lwaseYurophu xa bejamelene nengxaki engazange ibonwe.
Kwelinye icala, i-Eurogroup ikwafunda nesindululo se-EIB sokwenza ingxowa-mali ene-25.000 yezigidi zeerandi kwiziqinisekiso ezinikezwe liLungu lamaLungu, elinokuthi livumele ukuhlanganiswa kwe-200.000 yezigidi zeerandi ekunikezeleni ngemali kwiinkampani zaseYurophu. Kuxhomekeke ekubeni yeyiphi Impendulo yezemali Iimarike ze-equity ziya kuthatha indawo enye eya kwenza ukuba imali kutyalo-mali yahluke. Kukuphi ukungazithembi okunyukayo kule mihla kwaye kude kubonwe ukuba sisiphi isigqibo esiza kuthathwa yimibutho yoluntu.
Impendulo yemarike yemasheya kwimilinganiselo
Ngoku kuhlala kubonakala ukuba iyakuba yintoni impendulo yeemarike zezabelo kwilizwekazi elidala kwizigqibo ezithathwa eYurophu kwezi ntsuku zizayo. Kuba imeko inokuthi ivele ukuba ekugqibeleni la manyathelo anokuqhatha iiarhente zentengiso yesitokhwe kwaye impendulo kukuwa okukhulu kwii-indices zaseYurophu, kunye ne-Ibex 35 ngaphambili. Lo ngumngcipheko wokuba abatyali mali abancinci nabaphakathi bahlalutye kubo ukubuyela kwiimarike zezemali. Kungenxa yokuba ayinakulityalwa ukuba iimarike zezemali zihlala ziphambi kwezigqibo ezenziwa yimibutho eyahlukeneyo yesizwe, eyamazwe kunye neyangaphandle.
Ke ngoko, ubulumko kufuneka ibe yeyona nto iphambili kwizenzo zabatyali zimali abancinci nabaphakathi kwezi ntsuku zinzima. Nje ukuba ubhubhane usasazeke phantse kuwo onke amazwe emhlabeni, ngakumbi kwi EUnited States. Ukuya kuthi ga kwinqanaba lokuba inokunceda uxinzelelo lokuthengisa ukuba lubeke kumthengi, ubuncinci kwixesha elifutshane. Ngaphandle kwento yokuba ukubuyela ngokuthe ngqo kunokwenzeka, njengaleyo siyibonileyo okokoko kufikelelwa kumgangatho ophantsi kwiminyaka emininzi. Inqanaba eliza kujongwa kwiiveki ezizayo ukuba liphantsi okanye ngokuchaseneyo isitokhwe sinokuya kumanqanaba anzulu ekuweni.
Ukunyuka okuthe nkqo kakhulu
Ngayiphi na imeko, kusenokwenzeka ukuba amaqumrhu asekuhlaleni aya kukuvuma ukuphunyezwa kwe Ii-coronabonos. Kwimeko apho, kuya kubakho impendulo elungileyo evela kwiimarike ze-equity. Ngaphandle kokugweba ukuba inokufikelela kumanqanaba aphezulu kakhulu kunalawo aboniswe ngalo mzuzu. Ngokukodwa, ukuze isalathiso esikhethiweyo kwimarike yesitokhwe saseSpain sivavanye inqanaba lamanqaku ayi-8.000. Kodwa kuyo nayiphi na imeko, akukho bungqina bokuba le meko inokuzalisekiswa kwaye ke ngoko umngcipheko ekusebenzeni uya kuba mkhulu. Ngokwenyani yokuba ininzi imali inokulahleka ekuhambeni kwemisebenzi emitsha kwezi asethi zemali.
Ngamanye amagama, amanqanaba okhuseleko abatyali mali abancinci nabaphakathi ngoku anqabile. Y akukho khetho ngaphandle komngcipheko ukuba ufuna ukwenza imali eyinkunzi ifumaneke kutyalo-mali ngabantu abanenzuzo. Apho bahlala benethuba lokulahleka kuba nantoni na enokwenzeka ngokubhekisele kumanyathelo aza kwamkelwa kwiintsuku ezizayo. Ngale ndlela, ayinakulityalwa ukuba iimakethi, zisazi amanyathelo amatsha ezoqoqosho kwi-EU, ziya kuba kwimeko ngakumbi kunakuqala ukuze bakwazi ukuthatha icala okanye elinye ukusuka kulo mzuzu kanye. Nangona eyona nto iqhelekileyo eyenzekayo kukuba ekugqibeleni ii-coronabonds ezinqwenelekayo aziyonto ingaphaya kokukhohlisa kumazwe akumazantsi eYurophu.
Amanqanaba okubukela
Ngokubhekisele kwi-Ibex 35, elona nqanaba libaluleke kakhulu lokubeka iliso kwiintsuku ezizayo lelo Amanqaku e-6.000 kuba ukwaphulwa kwayo kuya kubonisa umqondiso omtsha wobuthathaka. Ngaphandle kokungabikho njengalo mhlaba apho indawo elungileyo yeearhente kunye nabalamli kwiimarike zezabelo babephupha. Akumangalisi ukuba isitopu esilandelayo besele sinokubakho kumanqaku ayi-5.000 XNUMX nalapho amaxabiso akhuphisanayo anokufumaneka khona kuqikelelo lwezabelo ezidwelisiweyo. Ukusuka apho unokuthenga kwisicwangciso esiliqili sokutyala imali esifanelekileyo kuzo zonke iiprofayili ezinikezelwe ngabatyali mali abancinci nabaphakathi.
Ngelixa kwelinye icala, ukuba kunokwenzeka ukuhlonipha amanqanaba aphakathi kwinyanga yoKwindla ephelileyo, kuma-6.100 okanye kumanqaku ayi-6.000, iya kuba luphawu olucacileyo lokuba okona kubi kuphelile. Kwaye ke, ukubuyela ngocwangco kwiimarike ze-equity kunokuba kunokwenzeka ngakumbi. Apho okwangoku kukho uthotho lwamaxabiso esitokhwe enza amathuba oshishino ayinyani. Njengoko kunqabile ukuba kwenzeke kwimbali yezi asethi zemali. Njengomzekelo isenzo se Banco Santander ngaphantsi kwee-euro ezimbini, njengenxalenye elungileyo yamalungu e-Ibex 35. Nangona kwiimeko ezininzi izabelo ezabiwe phakathi kwabanini zabelo ziye zancitshiswa okanye zamiswa.
Inkuthazo yemali kulo bhubhane
Ezi inokuba zezona ndaba zimnandi zifunyanwa ziimarike zezemali ukuqala indlela ephezulu ukusukela ngoku ukuya phambili. Njengoko iBhanki eNkulu yaseYurophu (i-ECB) igcinile xa ibonisa ukuba iyakuba yeyona ndlela ilungileyo yokuyeka ukulwa nefuthe loqoqosho eveliswe kukuqhambuka kwesifo sangoku. Akunakulityalwa ukuba le ndlela ikhethekileyo yenza elinye lamathemba ukuze iimarike zentengiso zehlabathi zikwazi ukuphinda ziphinde zixabise ngokukhawuleza ukusukela ngoku. Ukuza kuthi ga kwinqanaba lokuba bakwazi ukubuyela kumanqanaba aphakathi kwe-20% kunye ne-30% ngaphezulu kwezikhundla ezikhoyo. Kungenxa yokuba yenye yezona meko zibalulekileyo zifunwa ziimarike zezimali ukusukela oko yaqala le ntlekele.
Kwelinye icala, akufuneki silibale ukuba bobabini i-IMF kunye ne-ECB bebegxininisa kwezi ntsuku ukuba isisombululo kule ngxaki yezoqoqosho kufuneka sivele kunyango lwayo lwemali hayi ngemigaqo-nkqubo yemali eqhelekileyo kunangoku abanasiphumo sokuhlangula. iziphumo zale meko intsha neyoyikekayo yoqoqosho apho sibhaptizwe ngenxa yokusasazeka kwale ntsholongwane iyingozi. Apho kufanelekileyo ukubhenela kwizisombululo ezinengcinga kunye nezintsha ezinokuthi zinciphise okanye zinciphise iingxaki zenxalenye enkulu yabemi kulo mhlaba.
Ukuhla kwinqanaba lokusetyenziswa
Enye into ekufuneka ikhankanyiwe yile inento yokwenza nokusetyenziswa, kwaye ngakumbi kunye nethontsi elinamandla kuyo. Kwaye kungekudala okanye kamva iyakuphela ichaphazela inani elifanelekileyo lokhuseleko oludweliswe kwiimarike zokulingana kwihlabathi. Ngendlela okuthetha ngayo xa usenza, kwaye banokubonakala benciphisa icandelo elifanelekileyo leenzuzo zabo zeshishini. Ke ngoko, bonisa ixabiso kumaxabiso alo uthobeke ngakumbi kunaphambi kwenyanga kaMatshi, nangona kufanele ukuba ingaphezulu kwale ikhoyo ngoku. Oko kukuthi, ngokolu luvo kuyakubakho ukubakho kokuphononongwa kwezokhuseleko ezenza intengiso eqhubekayo yelizwe lethu. Nangona bengekho phantsi kwemida enqwenelekayo yinxalenye elungileyo yabatyali mali abancinci nabaphakathi.
Konke oku, kwimeko yokungaqiniseki okuphezulu, kunye nokuguquguquka okugqithileyo kwiimarike zezemali eziya kuthi zibe ngaphezulu kunakuqala kumanyathelo anokuthathwa ngabasemagunyeni kwezoqoqosho kwindawo ye-euro. Njengoko kuyakwenzeka kule mihla kusondele.