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EEN OLIFANT IN DE PORTUGESE KAMER

Terwijl de rente op Italiaanse en Spaanse staatsobligaties is gedaald van de zorgwekkende niveaus van voorheen blijft er één land ongeneselijk ziek: Portugal. Spaanse en Italiaanse banken kochten in januari, na de eerste herfinancieringsoperatie van de ECB, voor 43,7 miljard aan Spaanse en Italiaanse staatsobligaties. In Portugal daarentegen verkochten banken voor 200 miljoen aan staatsobligaties. Beleggers verlangen nog altijd zo’n 13 procent rente voor tienjarige Portugese staatsobligaties.

Analisten van Citibank verwachten dan ook dat een ‘haircut’ op staatsobligaties van 50 procent nodig is om Portugal weer op een ‘viable fiscal path’ te brengen. Ze staan hierin niet alleen. Afgelopen week waarschuwde ook Mohammed El-Arian, CEO van het grootste obligatiefonds ter wereld PIMCO, dat Portugal een ‘tweede Griekenland’ gaat worden.

 

Lees verder….

10 Responses to “EEN OLIFANT IN DE PORTUGESE KAMER”

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