25 novembre 2010<\/a>, signale l’\u00e9v\u00e9nement dans son analyse g\u00e9n\u00e9rale.<\/p>\n<\/p>\n\t\u00abThe euro plunged further into crisis yesterday as investors sold off Spanish, Portuguese and Belgian government bonds in record numbers on renewed fears that those nations would follow Greece and Ireland into the financial emergency ward, undermining confidence in the single currency.<\/em><\/p>\n<\/p>\n\t\u00bbThe spreading contagion suggests that the markets now view the break-up of the euro as a realistic possibility, and that shock and awe efforts to shore up individual economies with huge bailouts have not succeeded in insulating their neighbours from infection. Spain, in particular, is regarded as being \u00ab\u00a0too big to save\u00a0\u00bb. Should Spain eventually need assistance it would also imply a much larger UK bilateral loan than the \u00a38bn offered to Ireland perhaps \u00a320bn or \u00a330bn.<\/em> []<\/p>\n<\/p>\n\t\u00bbSlovakia’s Finance Minister, Ivan Miklos, yesterday become the latest European figure to question the euro’s long-term survival, saying that the risk of a eurozone break-up is very real. Slovakia joined the single currency last year. On Tuesday, the German Chancellor, Angela Merkel, reflected the deep anxiety felt in Germany about events when she commented that the euro was in an exceptionally serious position. Herman Van Rompuy said last week that the European Union itself was in a survival crisis. Or, as Chancellor Merkel has put it: If the euro fails, Europe fails. A poll of economists conducted by Reuters revealed that an overwhelming majority expect a bailout next for Portugal.<\/em><\/p>\n<\/p>\n\t\u00bbBut it is Spain that offers the single greatest challenge to the future of the euro. Many fear that even the resources of the 750bn European Financial Stability Facility, the vehicle for the current round of bailouts, will be insufficient to stem the tsunami of money flowing out of these stricken countries. So far the bailouts of 110bn and 80-90bn for Greece and Ireland respectively have been big enough to meet their financing needs for the next two to three years. But such an exercise for Spain would mean finding a whopping 420bn, say analysts at Capital Economics. It could be more, however; Spain’s banking system, hit hard by the bursting of a property bubble, has liabilities of 3,464bn, compared with 1,658bn in Ireland.<\/em> []<\/p>\n<\/p>\n\t\u00bbWith Belgium shaping up as the next domino to fall, the contagion of the euro crisis has spread from the peripheral and southern nations for the first time to a northern economy at the heart of the European Union.<\/em>\u00bb<\/p>\n<\/p>\n\n
dedefensa.org<\/em><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"La crise de l’euro : la Belgique nomin\u00e9e \u00e0 son tour Apr\u00e8s la Gr\u00e8ce, l’Irlande, le Portugal, l’Espagne, comme acteurs et postulants officiels \u00e0 des interpr\u00e9tations nationales de la crise de l’euro, partition europ\u00e9enne de la crise eschatologique g\u00e9n\u00e9rale du syst\u00e8me, section financi\u00e8re et mon\u00e9taire, le nom de la Belgique est pour la premi\u00e8re fois… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14],"tags":[3303,6045,3228,2631,2729,9289,2622,9727,7354,6811],"class_list":["post-72498","post","type-post","status-publish","format-standard","hentry","category-ouverture-libre","tag-belgique","tag-catastrophe","tag-crise","tag-de","tag-espagne","tag-leuro","tag-la","tag-nomination","tag-oscar","tag-portugal"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/72498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/comments?post=72498"}],"version-history":[{"count":0,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/72498\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/media?parent=72498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/categories?post=72498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/tags?post=72498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}