EU to be a case of economic incentives to avoid financial crisis, promoted the economic crisis

16oct, the Swiss bank to about 600 billion U.S. dollars of "toxic" assets of the Swiss central bank decided just to throw, and become the insulation of the loan at the bank.

　　In response to the stock market, continued to sell in Europe. Last night, Bank of England announced its latest move to save the market: lending cash to operate its permanent reform, the creation of a wide range of liquidity conditions in the new framework. In short, the future Bank of England will be the bank's financing significantly lower threshold - for those very "money" for the bank, it will gain more financial support.

At the same time, the 27 EU leaders at the end of yesterday's summit, said the program will be introduced to stimulate the economy, especially for some of the industry to provide support to prevent the financial crisis up to the economic crisis.

German Chancellor Angela Merkel yesterday said that the EU's 27 member central bank officials will hold a regular meeting monthly in order to improve the European financial system regulation.

Britain push a new package

According to the Bank of England released the latest program, the United Kingdom through the creation of two new tools to reduce the bank's financing, "the threshold." From October 20 (next Monday), the Bank of England will be a new permanent overnight lending tool. If the clearing banks encountered delays and technical problems led to a shortage of funds can be used more directly to the Bank of England base rate by 25 basis points higher interest on the loan fund, which is lower than the previous 100 basis points.

On the other hand, the Bank of England will also be launched at the same time a new tool for the discount window to replace its April to set up special temporary liquidity plan. In the future, the Bank of England of its long-term repurchase agreements, the range of acceptable collateral will be further expanded, the bank can use the liquidity of the assets of the poor to exchange the British Treasury, the deadline is usually 30 days.

At the same time, the Bank of England will also be negotiating with banks to develop a preparedness to remind the central bank tightening credit deterioration of the situation in the new auction system.

In fact, the day before, the European Central Bank has just introduced a similar measure. The European Central Bank held by the bank to receive low ratings of securities assets as collateral for loans, and the abolition of the next six months the euro loans.

The central bank in Hungary and the European Central Bank yesterday issued a joint notice that the repurchase agreements reached, the European Central Bank of Hungary has agreed to provide up to 50 billion euros of liquidity in order to stabilize its foreign exchange swap market. In addition to the injection of UBS, the Swiss central bank yesterday with the European Central Bank to carry out the currency exchange in order to ensure market liquidity.

To prevent the economic crisis Deutsche Bank yesterday that a clear-cut stand, as European countries continue to help out the policies of the current financial system have reduced the risk of collapse, but the market for the economic recession is becoming more concerned about the current situation to increase and the impact of aid policies.

Britain, for example, in the three months ended in August, the British unemployment rose 164,000, reaching 1,790,000. Economists are forecasting that with the unemployment rate rose to 17 years, the fastest level of unemployment UK will be a two-year period up to 3,000,000.

The EU presidency, French President Sarkozy yesterday in the 27 EU leaders summit, has made it clear that the European economy has now facing not only the financial crisis, with the financial crisis intensified, the economic crisis is approaching.

Consumption and investment has been the promotion of economic growth in Europe's two engines. With the growing financial crisis, the European Commission responsible for economic and monetary commissioner Joaquin Almunia at the summit warned that Europe's real economy is being affected, which means that the crisis has not only limited to the financial industry.

In order to ensure the effectiveness of policies to rescue the market, the European countries has begun to focus on the economic crisis to prevent. 27 European Union leaders yesterday made it clear that the introduction of financial aid policy will also be introduced to stimulate economic programs, especially for some of the industry to provide support in order to avoid financial crisis, rose to the economic crisis.

"In the financial sector, the European Union member states are determined to take the necessary measures to cope with slowing growth in demand and shrinking investment situation, in particular for Europe to provide support for the industry." EU leaders asked the European Commission must come up with the end of the year Recommendations.

十月十六日，瑞士银行将其约600亿美元的“有毒”资产抛给瑞士央行，成为与次贷绝缘的银行。

为了应对股市暴跌，欧洲各国仍在不断出手。昨晚，英国央行宣布了其最新救市举措：针对其永久性现金借贷操作进行改革，创建一个可以处理广泛的流动性状况的新框架。简单地说，今后英国央行将银行的融资门槛大幅降低——对于那些极度“缺钱”的银行来说，可以得到更多的资金支持。
　　与此同时，欧盟27国领导人在昨日结束的首脑会议上表示，将出台经济刺激方案，尤其是为部分产业提供扶持，避免金融危机上升为经济危机。

德国总理默克尔昨日表示，欧盟27个成员国的央行官员将举行月度例会，以改善对欧洲金融体系的监管。
　　英国新推一揽子方案

根据英国央行公布的最新方案，英国将通过两种新创设的工具，降低银行的融资“门槛”。从10月20日（下周一）起，英国央行将推出全新的常设隔夜借贷工具。如果银行遇到结算延误等技术问题而导致资金短缺，可以直接用较英国央行基准利率高25个基点的利息借贷资金，低于先前的100个基点。
　　另一方面，英国央行还将同时推出一个新的贴现窗口工具，以替代其4月份设立的临时特别流动性计划。今后，英国央行其长期回购协议的可接受抵押品范围将进一步扩大，银行可以用流动性差的资产来置换英国国债，期限通常为30天。
　　与此同时，英国央行还将与银行协商开发一套可以提醒央行防备信贷紧缩状况恶化的新拍卖系统。
　　事实上，此前一天，欧洲央行刚刚出台了类似的举措。欧洲央行接受银行所持有的低评级证券资产作为贷款抵押，并取消未来六个月内的欧元贷款上限。
　　而匈牙利央行则在昨日和欧洲央行发表联合公告称，达成回购协议，欧洲央行同意向匈牙利央行提供最多50亿欧元的流动资金，以稳定其外汇掉期市场。
　　除了向瑞银注资外，昨日瑞士央行亦与欧洲央行进行了货币互换，以保证市场流动性。
　　严防经济危机
　　德意志银行昨日旗帜鲜明地指出，由于欧洲各国不断出台的救助政策，当前金融系统崩溃的风险有所减退，但市场对于经济衰退现状的担忧却日趋加重，并影响了救助政策的效果。
　　以英国为例，截至8月的三个月中，英国失业人数上涨了16.4万，达到了179万。经济学家更是预测，随着失业率上升到17年来最快的水平，英国失业人数将会在两年内上涨到300万。
　　而欧盟轮值主席国法国总统萨科齐昨日在欧盟27国领导人首脑会议上已经明确表示，欧洲经济眼下面临的已不只是金融危机，随着金融危机的影响不断加剧,经济危机也正在逼近。
　　消费和投资一直是推动欧洲经济增长的两大引擎。伴随着金融危机愈演愈烈，欧盟委员会负责经济和货币事务的委员华金·阿尔穆尼亚在峰会期间警告说，欧洲的实体经济正在受到波及，这意味着危机已不仅仅限于金融行业。
　　为了保证救市政策的效果，欧洲各国已然开始将重心放在了严防经济危机上。欧盟27国领导人昨日明确表示，在出台金融救助政策同时也将出台经济刺激方案，尤其是为部分产业提供扶持，以避免金融危机上升为经济危机。
　　“在金融行业之外，欧盟各成员国决意采取必要措施，以应对需求增长放缓和投资萎缩的局面，尤其是为欧洲产业提供支持。”欧盟各国领导人要求，欧盟委员会必须在年底前拿出相关建议。