Bail-in eta bail out: desberdintasuna1.
Albisteak:
(a) EU calls time on ‘too big to fail’ with bank bail-in laws
(b) EU enters brave new world of bank bail-ins
http://blogs.reuters.com/hugo-dixon/2016/01/04/eu-enters-brave-new-world-of-bank-bail-ins/
Grezia dela eta, W. Mosler-en arabera2,
‘Bail-in’ delakoa gordailugileen gaineko zerga bat da, beste zerga mota bat, ekonomia euro gehiago kentzen duena, salmentak murriztu eta gauzak okerrera eraman. Ez dut uste inongo greziarrek ulertzen duenik banku kapitalaren rola3.
Banku zentralek funtzionatu dezakete kapitalik gabe. Banku sistemak ez du behar inolako kapitalik funtzionatzeko4.
Beraz, ekonomia ahul bat kreatzen duzu, eskari agergatu baxuarekin eta gero galdetzen duzu ea zergatik ezin dituzu kapitalizatu zeure bankuak5…
Europarako irtenbidea, alta, ez datza ‘bail-in’ delakoan. Hona irtenbidea, Mosler-en hitzetan:
Irtenbidea edo soluzioa defizit handiagoak dira. EBk hori ez onartzekotan, aukera norberaren monetara itzultzea da6.
1 Ikus https://en.wikipedia.org/wiki/Bailout eta http://www.economist.com/blogs/economist-explains/2013/04/economist-explains-2.
3 Ingelesez: ““A bail-in is just a tax on depositors, so it’s another tax, it just removes more euro from the economy, reduces sales and makes things worse. I don’t think any of them understand the role of bank capital. I guess they’re looking at it from a safety point of view. But you’ve got the European Union now regulating and supervising the banking system, so they’re examining every loan for safety.”
4 Ingelesez: “And you’ve had years, tens of years decades of public banks in Europe, that ran with no capital. Central banks can run with no capital. The banking system doesn’t need capital to operate. Capital is a political decision based on the amount of risk that the regulators they decide they want to take on the bank’s loan portfolio. But they’re supervising and regulating that loan portfolio on a day-to-day basis, so it’s kind of like their own loan portfolio. So it’s just as easy to regulate risk on the regulatory side as it is on the capital side.” Gehigarria: “It doesn’t seem to come into the conversation at all, but I don’t see any problem with requiring higher capital ratios if they want. And, in an environment where banking is profitable, raising capital is not a problem for those ratios. But in the European Union, the problem is that it’s not a profitable environment for banking. Therefore, it’s hard for banks or nearly impossible to raise capital. It’s a self-defeating policy. If they were to relax the deficit limits from three to eight percent, for example, and the European Union was growing at three percent, banking would be profitable and then there’d be no issue about raising capital. There’d be capital waiting in line to get in. They’d have to be restricting bank licenses.”
5 Ingelesez: “So you create a weak economy with a low aggregate demand and then you wonder why you can’t capitalize your banks…they’re speaking out of both sides of their mouth.
6 Ingelesez: ““I wouldn’t call it necessarily a solution, but it’s an option. The solution is larger deficits. If the European Union won’t allow a larger deficit, if they force spending cuts, if they force taxes, if they cut spending more, then the option is one, to just sit there and suffer and then watch your civilization be destroyed, or two, to do it on your own, to go back to your own currency.” Ikus Elkarrizketa W. Mosler-ekin (zenbait zipriztin- eta 3).
