每日新闻更新 — 意大利银行和建筑商 - The Daily Update - Italian banks and builders

意大利政府和他们提出的预算仍然受到债券市场的惩罚,10年期国债收益率上涨3.50%,这是自2014年初以来没有见过的水平;此时,另一个经济部门正在成为头条新闻 — 银行业。

就意大利银行持有的据说贷款为2万亿欧元中大约2600亿欧元的不良贷款一事,好像并没有什么足以让意大利银行担心的,建筑业未偿还的贷款和担保占了(其中的)1020亿欧元。这个比例并不算太大,不过,如果和其他负债加在一起,这可能是诱发另外一次灾难性银行事件的催化剂。最大的建筑商中有三家要么已经破产,要么正在与债权人谈判,建筑业已经成为意大利经济中违约率最高的产业。

建筑业的问题源于多年来的公共支出的紧缩。该政策使得曾经极其有利可图的政府基础设施合同在疲软的经济中萎缩。事实上,根据都灵大学的数据,过去十年来基础设施支出下降了70%。

(如果我们)将建筑行业的财务问题与政府债券收益率上升相结合(据报道,银行持有的政府债券的资产约为3750亿欧元),很明显银行资产负债表受到了严重压力,几乎没有什么可以用来帮助减轻这个压力。在昨天的全球股票抛售中,富时 MIB 指数中表现最差的五个股票中有三个就是贷款机构。

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