{"id":91429,"date":"2026-06-08T00:12:10","date_gmt":"2026-06-08T00:12:10","guid":{"rendered":"https:\/\/www.europesays.com\/sk\/91429\/"},"modified":"2026-06-08T00:12:10","modified_gmt":"2026-06-08T00:12:10","slug":"patsalides-z-ecb-europa-by-mala-zacat-emitovat-spolocne-dlhopisy-3","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/sk\/91429\/","title":{"rendered":"Patsalides z ECB: Eur\u00f3pa by mala za\u010da\u0165 emitova\u0165 spolo\u010dn\u00e9 dlhopisy"},"content":{"rendered":"<p>Frankfurt nad Mohanom 7. j\u00fana (TASR) &#8211; Nastal \u010das, aby sa Eur\u00f3pa vzdala svojho dlhodob\u00e9ho politick\u00e9ho odporu vo\u010di emisii spolo\u010dn\u00e9ho dlhu, mysl\u00ed si guvern\u00e9r cyperskej centr\u00e1lnej banky Christodoulos Patsalides. Eur\u00f3pske dlhopisy by pod\u013ea neho posilnili suverenitu a stabilitu E\u00da. TASR o tom informuje na z\u00e1klade spr\u00e1vy agent\u00fary Reuters.<\/p>\n<p>Eur\u00f3pa u\u017e dlho diskutuje o tom, \u017ee by si spolo\u010dne po\u017ei\u010diavala, \u010do by vytvorilo referen\u010dn\u00fd n\u00e1stroj schopn\u00fd konkurova\u0165 \u0161t\u00e1tnym dlhopisom USA. Niektor\u00e9 krajiny, najm\u00e4 Nemecko a Holandsko, s\u00fa v\u0161ak proti, preto\u017ee sa ob\u00e1vaj\u00fa, \u017ee ich da\u0148ovn\u00edci by napokon museli plati\u0165 za fi\u0161k\u00e1lnu nezodpovednos\u0165 in\u00fdch.<\/p>\n<p>Absencia tak\u00e9hoto bezpe\u010dn\u00e9ho akt\u00edva v\u0161ak ponechala finan\u010dn\u00fa architekt\u00faru bloku ne\u00fapln\u00fa, \u010do viedlo k vy\u0161\u0161\u00edm n\u00e1kladom na obsluhu dlhu a ni\u017e\u0161ej konkurencieschopnosti. Eur\u00f3pska centr\u00e1lna banka (ECB) preto \u010doraz d\u00f4raznej\u0161ie tla\u010d\u00ed na politick\u00fa zmenu.<\/p>\n<p>\u201eVz\u00e1cne zos\u00faladenie ekonomick\u00fdch, geopolitick\u00fdch a in\u0161titucion\u00e1lnych podmienok vytvorilo presved\u010div\u00fd d\u00f4vod na vydanie spolo\u010dn\u00e9ho eur\u00f3pskeho bezpe\u010dn\u00e9ho akt\u00edva,\u201c uviedol Patsalides, ktor\u00e9ho krajina v janu\u00e1ri prevzala rotuj\u00face predsedn\u00edctvo Rady E\u00da.<\/p>\n<p>Patsalides, ktor\u00fd je z\u00e1rove\u0148 \u010dlenom Rady guvern\u00e9rov ECB, tvrd\u00ed, \u017ee tak\u00fdto n\u00e1stroj by mohol zn\u00ed\u017ei\u0165 n\u00e1klady a poskytn\u00fa\u0165 dostatok prostriedkov potrebn\u00fdch na financovanie spolo\u010dn\u00fdch iniciat\u00edv, ako s\u00fa zelen\u00e1 a digit\u00e1lna transform\u00e1cia, programy umelej inteligencie, obrana, pripravenos\u0165 v oblasti zdravotn\u00edctva \u010di energetick\u00e1 bezpe\u010dnos\u0165.<\/p>\n<p>Emisia spolo\u010dn\u00e9ho dlhu by pod\u013ea neho v skuto\u010dnosti vytvorila pozit\u00edvny cyklus s \u010falekosiahlymi pr\u00ednosmi. Spolo\u010dn\u00e9 dlhopisy by ako bezpe\u010dn\u00e9 akt\u00edvum poskytli cenov\u00fd benchmark, z\u00e1bezpeku, ako aj dostatok likvidity, teda v\u0161etky nevyhnutn\u00e9 podmienky dobre funguj\u00faceho kapit\u00e1lov\u00e9ho trhu. To by n\u00e1sledne pomohlo mobilizova\u0165 ve\u013ek\u00e9 \u00faspory eur\u00f3pskych dom\u00e1cnost\u00ed smerom k produkt\u00edvnym invest\u00edci\u00e1m.<\/p>\n<p>\u201eHlb\u0161\u00ed a likvidnej\u0161\u00ed eur\u00f3psky kapit\u00e1lov\u00fd trh, ukotven\u00fd spolo\u010dn\u00fdm referen\u010dn\u00fdm akt\u00edvom, by u\u013eah\u010dil vytv\u00e1ranie v\u00e4\u010d\u0161\u00edch in\u0161titucion\u00e1lnych kapit\u00e1lov\u00fdch zdrojov, podporil dlhodob\u00e9 invest\u00edcie a zn\u00ed\u017eil n\u00e1klady na financovanie,\u201c uviedol Patsalides.<\/p>\n<p>Pod\u013ea neho by to z\u00e1rove\u0148 posilnilo glob\u00e1lnu \u00falohu eura a auton\u00f3miu bloku, ke\u010f\u017ee rezervn\u00e9 meny si vy\u017eaduj\u00fa rozsah a hlbok\u00e9 zdroje likvidn\u00fdch a bezpe\u010dn\u00fdch akt\u00edv.<\/p>\n<p>Najlep\u0161\u00edm pr\u00edstupom, aby to fungovalo, by pod\u013ea Patsalidesa bolo oddeli\u0165 vyd\u00e1vanie dlhu od v\u00fddavkov &#8211; prv\u00e9 by vytv\u00e1ralo trh bezpe\u010dn\u00fdch akt\u00edv a druh\u00e9 by smerovalo kapit\u00e1l na plnenie spolo\u010dn\u00fdch cie\u013eov.<\/p>\n","protected":false},"excerpt":{"rendered":"Frankfurt nad Mohanom 7. j\u00fana (TASR) &#8211; Nastal \u010das, aby sa Eur\u00f3pa vzdala svojho dlhodob\u00e9ho politick\u00e9ho odporu vo\u010di&hellip;\n","protected":false},"author":2,"featured_media":91430,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[4619,5020,4894,2903,57,56,55,43,40,42],"class_list":["post-91429","post","type-post","status-publish","format-standard","has-post-thumbnail","category-europa","tag-cyprus","tag-dlhopisy","tag-ecb","tag-eko","tag-eu","tag-europa","tag-europe","tag-sk","tag-slovak","tag-slovencina"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@sk\/116711597430344327","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/91429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/comments?post=91429"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/91429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media\/91430"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media?parent=91429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/categories?post=91429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/tags?post=91429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}