主题：【原创】欧元、利比亚和中国 -- 晨枫

只有报道萨科齐宣布成交，元首们成功逼迫银行同意减记。

也有人说不是真的减记，只是交由IMF代为追索。

可能好几个会吧？欧洲的机构也多了些。

下面是eurogroup的决议。

http://www.bloomberg.com/news/2011-10-27/euro-region-leaders-statement-on-resolving-crisis-full-text.html

对EFSF的杠杆这么说:

1.providing credit enhancement to new debt issued by Member States, thus reducing the funding cost. Purchasing this risk insurance would be offered to private investors as an option when buying bonds in the primary market;

2.maximising the funding arrangements of the EFSF with a combination of resources from private and public financial institutions and investors, which can be arranged through Special Purpose Vehicles.

对银行的资本充足率这么说：

There is broad agreement on requiring a significantly higher capital ratio of 9 % of the highest quality capital and after accounting for market valuation of sovereign debt exposures, both as of 30 September 2011, to create a temporary buffer. This quantitative capital target will have to be attained by 30 June 2012(有具体日期）, based on plans agreed with national supervisors and coordinated by EBA. must ensure that banks’ plans to strengthen capital do not lead to excessive deleveraging, including maintaining the credit flow to the real economy and taking into account current exposure levels of the group including their subsidiaries in all Member States.

5. Financing of capital increase: Banks should first use private sources of capital, including through restructuring and conversion of debt to equity instruments. Banks should be subject to constraints regarding the distribution of dividends and bonus payments until the target has been attained. If necessary, national governments should provide support , and if this support is not available, recapitalisation should be funded via a loan from the EFSF in the case of Eurozone countries. State Aid

6. Any form of public support, whether at a national or EU-level, will be subject to the conditionality of the current special state aid crisis framework, which the Commission has indicated will be applied with the necessary proportionality in view of the systemic character of the crisis.

Separately:

http://www.nytimes.com/2011/10/27/world/europe/german-vote-backs-bailout-fund-as-rifts-remain-in-talks.html

German lawmakers voted overwhelmingly on Wednesday to authorize Mrs. Merkel to negotiate an expansion in an emergency bailout fund to $1.4 trillion, more than double its current size of about $610 billion.

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看法：

1.小猪们的经济已经殖民地化了，沦为德国的成品市场，德国人的度假地，德国银行的债务人。这是欧元的设计者们期待的么？

2.小猪们的银行会被控制，公共支出会被控制，好听些叫经济整合，遵守财经法律，实际还是殖民地化。

3.德国人对实施有条件的“救援”还是很赞成的。

4.给钱的条件是接受控制，从这个角度看，受水者的日子只会更加难过。