欧洲债务危机救助问题研究——从欧洲金融稳定基金到欧洲稳定机制  

Research on Rescue of European Debt Crisis :From the European Financial Stability Facility to the European Stability Mechanism

作　　者：陈静[1] 

机构地区：[1]中国人民银行上海总部,上海200120

出　　处：《南方金融》2013年第2期48-51,共4页South China Finance

摘　　要：欧洲债务危机爆发前,欧盟内部没有成员国之间的跨国金融救助机制,欧洲中央银行也不对欧元区内的金融机构履行最后贷款人职责。因此,欧洲债务危机救助经历了从最初的临时性单项救助计划到欧洲金融稳定基金、再到欧洲稳定机制的复杂过程。欧洲稳定机制与以往临时性的救助机制和工具相比具有明显优势,将成为今后欧元区危机救助的主要力量,并在一定程度上推动了欧盟财政一体化建设。但是,再好的危机救助机制也只能换取时间,不能替代任何具体的改革政策,欧元区危机国必须实行改革以实现经济持续增长、降低债务水平。Before the outbreak of the European debt crisis, there was no cross - border financial bailout mechanism between member states within the EU. Besides, the European Central Bank also does not act as the lender of last resort for financial institutions in the euro area. Therefore, the bailout arrangement of European debt crisis developed from the temporary stand - alone program to European Financial Stability Facility, then to European Stability Mechanism. The European Stability Mechanism has many superiorities compared with the EFSF, and would became a major force in bailing out countries plagued by debt crisis in the euro area and to some extent initiated the EU fiscal integrafion. However, the best interventions are just for times and are not substitute for such policies. Crisis countries themselves are required to carry out the unavoidable reforms that create the conditions for sustainable growth and reduction of public debts.

关 键 词：欧洲债务危机 危机救助 金融稳定 

分 类 号：F815[经济管理—财政学] F835