Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Standard view
Full view
of .
Look up keyword
Like this
3Activity
P. 1
NO A LOS EUROBONOS - NO TO EUROBONDS (Spanish) - EUROBONUEI EZ (Espainieraz)

NO A LOS EUROBONOS - NO TO EUROBONDS (Spanish) - EUROBONUEI EZ (Espainieraz)

Ratings:
(0)
|Views: 494|Likes:
Published by EKAI Center

More info:

Categories:Types, Research
Published by: EKAI Center on Dec 03, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
See more
See less

08/19/2014

 
 N{ n Wcrjahg Pnpmr, av fcm{h¶v rmelmkv nhq ah{vav}vachnl pc{avach cr cpahachhmavdmr ce MJNA Kmhvmr, hcr ce av{ {pch{cr{ cr {}ppcrvahg mhvavam{MJNA Kmhvmr {mmj{ vc fc o}{ahm{{ wavd kcipnham{ cr gcumrhimhv{ kcumrmf ah av{ rmpcrv{( _mnfmr{ {dc}lf om nwnrm vdnv wminq dnum n kchelakv ce ahvmrm{v vdnv kc}lf neemkv vdm cobmkvauavq ce vda{ rmpcrv( Ahum{vcr{ {dc}lf kch{afmr vda{ rmpcrv n{ chlqn {ahglm enkvcr ah injahg vdmar ahum{vimhv fmka{ach(
 
MJNA Kmhvmr
GN_NAN AHHCUNVACH KMHVM_, GCA_] >,N?( ?0=00ICHF_NGCH( VML2 16;?=0>06( UAVC_AN)GN[VMAR 5;156>6=7LMJMAVAC 57=70>74= F]_NHGC 5444>1=?0M)INAL2ahec@mjnakmhvmr(m} enkmoccj(kci#MJNAKmhvrm {kraof(kci#MJNAKmhvmr
 
 
Wcrjahg Pnpmr
 
; Fakamiorm ?0>>
 
HC N LC[ M]_COCHC[
HC VC M]_COCHF[M]_COCH]MA MR 
>(
Fm{fm ml ngrnuniamhvc fm ln kra{a{ fm ln fm}fnpòolakn mh lc{ pné{m{ pmraeárakc{ m}rcpmc{, lnm{vrnvmgan fm mia{aûh fm lc{ fmhciahnfc{
“m}rcochc{’ kci
c pclévakn fm ln ]haûh M}rcpmn{m plnhvmû kcic }hn pc{aolm cpkaûh pcr pnrvm fmfa{vahvc{ {mkvcrm{( Mhvrm mllc{, ln prcpan Kcia{aûhM}rcpmn c ml Onhkc Kmhvrnl M}rcpmc(
?(
Mh praimr l}gnr, k}nl~}amr nhîla{a{ {mrac fm m{vmvmin vamhm ~}m mipmnr pcr kch{vnvnr lnkche}{aûh mta{vmhvm {corm ml prcpac kchkmpvc(
;(
Ml fén ?; fm Hcuamiorm, ln Kcia{aûh M}rcpmnmiavaû }h ahecrim mh ml ~}m, prcpchamhfc lnfmhciahnkaûh fm
[vnoalavq Ochf{
, {m fmemhfénml kchkmpvc fm m}rcochc{ miavafc{kchb}hvnimhvm pcr lc{ >7 M{vnfc{ iamiorc{ fmln m}rc chn(
6(
Fnfc ~}m kch ermk}mhkan
 ‛
mh h}m{vrn cpahaûh){m m{vî fmemhfamhfc m{vm kchkmpvc kch }hn kamrvnerauclafnf, {ah klnraeaknr mh no{cl}vc {} kchvmhafc,pnrvaic{ fm ln fmeahakaûh fm ln prcpan Kcia{aûhM}rcpmn, nl fmeahar ln{ knrnkvmré{vakn{ oî{akn{ fmlc{
[vnoalavq Ochf{
fm ln {ag}amhvm ecrin2
“ 
Vdm ahvrcf}kvach ce kciichlq a{{}mf [vnoalavq Ochf{ wc}lf imnh n pcclahg ce {cumrmagh a{{}nhkm nichg vdm Imiomr [vnvm{ nhf vdm {dnrahg ce n{{ckanvmf rmumh}m elcw{ nhf fmov){mruakahg kc{v{
’ 
(
M{ fmkar, oî{aknimhvm2 mia{aûh kchb}hvn fmfm}fn pcr lc{ M{vnfc{ fm ln m}rcchn,kcipnrvamhfc lc{ rmk}r{c{ gmhmrnfc{ q lc{ kc{vm{fml {mruakac fm m{vn fm}fn(
=(
Ml prcolmin m{ ~}m, n pnrvar fm n~}é, vcfn{ ln{cpkachm{ pnrmkmh noamrvn{( Ln prcpan Kcia{aûhM}rcpmn fa{vahg}m vrm{ {}p}m{vc{ fa{vahvc{2
 
 
N{ n Wcrjahg Pnpmr, av fcm{h¶v rmelmkv nhq ah{vav}vachnl pc{avach cr cpahach hmavdmr ce MJNA Kmhvmr,hcr ce av{ {pch{cr{ cr {}ppcrvahg mhvavam{MJNA Kmhvmr {mmj{ vc fc o}{ahm{{ wavd kcipnham{ cr gcumrhimhv{ kcumrmf ah av{ rmpcrv{( _mnfmr{ {dc}lf om nwnrm vdnv wminq dnum n kchelakv ce ahvmrm{v vdnv kc}lf neemkv vdm cobmkvauavq ce vda{ rmpcrv( Ahum{vcr{ {dc}lf kch{afmr vda{ rmpcrv n{ chlq n{ahglm enkvcr ah injahg vdmar ahum{vimhv fmka{ach(
 
GN_NAN AHHCUNVACH KMHVM_, GCA_] >,N? ICHF_NGCH(VML2 16;?=0>06 UAVC_AN)GN[VMAR 5;156>6=7LMJMAVAC 57=70>74= F]_NHGC 5444>1=?0 M)INAL2 ahec@mjnakmhvmr(m}  enkmoccj(kci#MJNAKmhvrm {kraof(kci#MJNAKmhvmr
 
HC N LC[ M]_COCHC[
Ln plmhn {}{vav}kaûh pcr lc{ M}rcOchc{ fm ln{ mia{achm{ hnkachnlm{, kchgnrnhvén{ kchb}hvn{(
M}rc Ochc{ ~}m {}{vav}qmh {ûlcpnrkanlimhvm ln{ mia{achm{ hnkachnlm{,kch gnrnhvén{ kchb}hvn{
M}rc Ochc{ ~}m {}{vav}qmhpnrkanlimhvm ln{ mia{achm{ hnkachnlm{pmrc {ah gnrnhvén{ kchb}hvn{(
5(
Pnrn k}nl~}amr lmkvcr cobmvauc, pnrmkm klnrc~}m ml ahecrim fm ln Kcia{aûh M}rcpmn nfclmkmfm }h {aghaeaknvauc
fm{m~}alaorac
nrg}imhvnl( Mlnhîla{a{ q fm{krapkaûh fm ln{ umhvnbn{ fm lc{ M}rcOchc{ hc {m kchvrnpchm kch {}{ muafmhvm{ahkchumhamhvm{( M{ mtvrnþc, pcr mbmiplc, ~}m lnKcia{aûh M}rcpmn nrg}imhvm ~}m
“ 
ml imrcnk}mrfc pnrn ln mia{aûh mh kciòh fm m{vc{ ochc{ pcfrén vmhmr }h ahimfanvc aipnkvc {corm ln{mtpmkvnvaun{ fml imrknfc q fm m{vn ecrin }hc{kc{vm{ eahnhkamrc{ imfac{ q inrgahnlm{ iî{ onbc{ pnrn lc{ M{vnfc{ Iamiorc{ ~}m nkv}nlimhvm
m{vîh nerchvnhfc vmh{achm{ eahnhkamrn{’ 
>
{ah fmkar~}m, n ln um, mllc aiplaknrén kc{vm{ eahnhkamrc{imfac{ q inrgahnlm{ iî{ nlvc{ pnrn lc{ rm{vnhvm{M{vnfc{ Iamiorc{(
7(
Mh praimr l}gnr, m{ aipcrvnhvm klnraeaknr ln{rnchm{ pnrn ln mia{aûh fm m{vc{ M}rc Ochc{(Fm{fm l}mgc, hc {m vrnvn fm fm}fn pòolaknmiavafn pcr lc{ crgnha{ic{ pòolakc{ kci}hm{m}rcpmc{ $Kcia{aûh M}rcpmn, OMA, OKM! pnrn mlfm{nrrcllc fm {}{ e}hkachm{ dnoav}nlm{( M{vcvmhfrén }hn kamrvn lûgakn, m~}aunlmhvm n ln{
>
 
“M}rcpmnh Kciia{{ach Grmmh Pnpmr ch vdm emn{aoalavq 
ce ahvrcf}kahg [vnoalavq Ochf{
’ 
, Or}{mln{ ?; Hcuamiorm?0>>(
dnoav}nlm{ mia{achm{ fm fm}fn pcr crgnha{ic{pòolakc{ hnkachnlm{ c ahvmrhnkachnlm{(Mh m{vm kn{c, ln mia{aûh fm fm}fn {m plnhvmn kchln klnrn eahnlafnf pclévakn fm dnkmr ermhvm n ln kra{a{fm ln fm}fn pòolakn mh lc{ pné{m{ pmraeárakc{m}rcpmc{( Q á{vm m{ prconolmimhvm ml praimrmlmimhvc ~}m fmom llninr ln nvmhkaûh n k}nl~}amrnhnla{vn cobmvauc(Pcr~}m ml dmkdc fm ~}m {m prmvmhfn ~}m, fmecrin m{vr}kv}rnl, ln{ hmkm{afnfm{ fmeahnhkankaûh fm }h fmvmriahnfc crgnha{icpòolakc kch prm{}p}m{vc prcpac {m nvamhfnh fmecrin {a{vmiîvakn imfanhvm ln knpvnkaûh fmfm}fn pòolakn pcr pnrvm fm cvrc mhvm pòolakcfaemrmhvm m{ mh {é ia{ic }hn {av}nkaûh ~}mpnrmkm hmkm{nrac knlaeaknr kcic arrmg}lnr fmhvrcfm }hn gm{vaûh hcrinl q {ûlafn fm ln{ eahnhn{pòolakn{(
4(
Ahkl}{c fmhvrc fm lc{ m{vnfc{ emfmrnlm{, lcdnoav}nl m{ ~}m knfn mhvm pòolakc $i}hakapac{,m{vnfc{ emfmrnfc{, m{vnfc kmhvrnl! gm{vachm fmecrin n}vûhcin {} pclévakn fm mhfm}fniamhvc,dnkaáhfc{m lûgaknimhvm rm{pch{nolm fm lnia{in(
1(
Ln mia{aûh fm fm}fn pòolakn hc m{ }hnnkv}nkaûh vrauanl c fm {mg}hfc hauml fmaipcrvnhkan mh ln gm{vaûh fm ln{ k}mhvn{ pòolakn{,{ahc }hn rm{pch{noalafnf fm praimr hauml,rmlnkachnfn kch ln prcpan {}pmruaumhkan n imfac qlnrgc plnc fml mhvm mia{cr#rmkmpvcr fm lc{rmk}r{c{( Ln vrn{kmhfmhkan fm ln{ nkv}nlm{rmpmrk}{achm{, hc {ûlc mkchûiakn{ {ahc pclévakn{,gmhmrnfn{ pcr ln gm{vaûh fm ln kra{a{ fm ln fm}fnpòolakn mh nlg}hc{ fm lc{ pné{m{ fml {}r fmM}rcpn {ch }hn i}m{vrn muafmhvm fm dn{vn ~}áp}hvc ln mia{aûh fm fm}fn
 ‛
q ln{rm{pch{noalafnfm{ pclévakn{ fmraunfn{ fm lnia{in) m{vîh lagnfn{ nl prcpac kchkmpvc fm
 
 
N{ n Wcrjahg Pnpmr, av fcm{h¶v rmelmkv nhq ah{vav}vachnl pc{avach cr cpahach hmavdmr ce MJNA Kmhvmr,hcr ce av{ {pch{cr{ cr {}ppcrvahg mhvavam{MJNA Kmhvmr {mmj{ vc fc o}{ahm{{ wavd kcipnham{ cr gcumrhimhv{ kcumrmf ah av{ rmpcrv{( _mnfmr{ {dc}lf om nwnrm vdnv wminq dnum n kchelakv ce ahvmrm{v vdnv kc}lf neemkv vdm cobmkvauavq ce vda{ rmpcrv( Ahum{vcr{ {dc}lf kch{afmr vda{ rmpcrv n{ chlq n{ahglm enkvcr ah injahg vdmar ahum{vimhv fmka{ach(
 
GN_NAN AHHCUNVACH KMHVM_, GCA_] >,N? ICHF_NGCH(VML2 16;?=0>06 UAVC_AN)GN[VMAR 5;156>6=7LMJMAVAC 57=70>74= F]_NHGC 5444>1=?0 M)INAL2 ahec@mjnakmhvmr(m}  enkmoccj(kci#MJNAKmhvrm {kraof(kci#MJNAKmhvmr
 
HC N LC[ M]_COCHC[n{}hkaûh fm ln{ prcpan{ rm{pch{noalafnfm{ q, mh mlkn{c fm lc{ m{vnfc{, n ln prcpan {comrnhénhnkachnl(
>0(
]h {mg}hfc mlmimhvc klnum m{ ln k}nhvén fmln{ knrnkvmré{vakn{ fm ln fm}fn pòolakn n miavar([mnh lc{ M}rc Ochc{ }hn {}{vav}kaûh vcvnl cpnrkanl fm ln{ mia{achm{ fm lc{ M{vnfc{ iamiorc{fm ln m}rc chn, m{ hmkm{nrac fmeahar lc{kchkmpvc{ q ln{ k}nhvén{ fm ln{ mia{achm{ c, mhcvrc kn{c, ln{ icfnlafnfm{ fm nfcpkaûh fm ln{fmka{achm{ cpcrv}hn{( M{ {crprmhfmhvm ~}m mlfck}imhvc fm ln Kcia{aûh M}rcpmn hc imhkachmhnfn nl rm{pmkvc(Prconolmimhvm fmomic{ mhvmhfmr ~}m lc{cobmvauc{ fm ln mia{aûh fm fm}fn pcfrénh ~}mfnrnoamrvc{( M{vc {aghaeakn ~}m hc {m vrnvnrén fmfm}fn fm{vahnfn n eahnhkanr prcqmkvc{ cnkvauafnfm{ m{pmkéeakn{ fm lc{ M{vnfc{ iamiorc{{ahc, prconolmimhvm, ml prcpac fáeakav gmhmrnfcpcr ml kchb}hvc fm {} fahîiakn prm{}p}m{vnran(
>>(
]h {mg}hfc mlmimhvc n vmhmr mh k}mhvn m{kûic {m fmkafm ln mia{aûh fm }hn{ } cvrn{k}nhvén{ fm m}rc ochc{( ³Pcr }hnhaiafnf3 ³Pcrinqcrén3 ³Pcr }hn k}nhvén fmvmriahnfnprmuanimhvm pnkvnfn3Pnrmkm lûgakc ~}m {m mhvamhfn ~}m ln mia{aûh fmm}rcochc{ prmka{nrn mh k}nl~}amr kn{c lnnkmpvnkaûh fm lc{ M{vnfc{ nemkvnfc{ pcr lnrm{pch{noalafnf pnvraichanl n{}iafn mh lnmia{aûh(
>?(
Hc co{vnhvm, fnfc ~}m, nl pnrmkmr, ml cobmvaucpclévakc fm ln mia{aûh fm m}rcochc{ m{, mhnpnramhkan, kcheag}rnr{m kcic }h ah{vr}imhvcm{mhkanl pnrn ln {cl}kaûh fm ln kra{a{ fm ln fm}fnpòolakn fm lc{ M{vnfc{ pmraeárakc{, ml aipcrvm fmln{ mia{achm{ fmomrén, {ah f}fn, {mr fm grnhrmlmunhkan(
>;(
Pcfmic{ aingahnr mia{achm{ fm m}rcochc{kch gnrnhvén kchb}hvn c inhkci}hnfn ~}m {mp}{amrnh n fa{pc{akaûh fm }h ûrgnhc fm gm{vaûhkciòh fm ln M}rcchn $hc {m dn fmvmriahnfc {anlg}hc fm lc{ crgnha{ic{ qn mta{vmhvm{ c {a {mkrmnrén cvrc ûrgnhc m{pmkéeaknimhvm fm{vahnfc nm{vm eah!(
>6(
N pnrvar fm n~}é hc{ mhkchvrnic{ vnioaáhkch cvrn fm ln{ grnhfm{ ahkûghavn{ fm lnkcheag}rnkaûh fm lc{ m}rcochc{( Prconolmimhvm,ln fm inqcr vrn{kmhfmhkan2 ³N ~}á eahnlafnfm{ {mfm{vahnrénh lc{ rmk}r{c{ knpvnfc{3 ³Mh ~}áprcpcrkachm{ {m fm{vahnrénh n knfn M{vnfc3³Kûic {m nfcpvnrénh m{vn{ fmka{achm{3
>=(
N hnfam {m lm m{knpn ln faeak}lvnf pclévakn fmgm{vachnr fm ecrin cobmvaun ml fm{vahc fm m{vc{rmk}r{c{, ln{ rm{p}m{vn{ nearinvaun{ c hmgnvaun{ nln{ {clakav}fm{ fm rmk}r{c{ plnhvmnfn{ pcr knfnpné{, ~}á vapc fm ahvmrá{ {m nplaknrén n lc{rmk}r{c{ eahnlimhvm fm{vahnfc{ n knfn pné{, mvk(
>5(
M{ vnioaáh muafmhvm ml ram{gc fm ~}m kchvnrkch ln kcomrv}rn m}rcpmn pnrn ln{ hmkm{afnfm{ fmfm}fn fm knfn pné{ gmhmrm2n!
 
]hn kcipmvmhkan noamrvnmhvrm lc{ M{vnfc{ pnrndnkmr{m kch ln inqcr k}cvnpc{aolm fm m{vc{ echfc{o!
 
]hn vmhfmhkan n rmlnbnr lngm{vaûh prm{}p}m{vnran fm lc{M{vnfc{, {noamhfc ~}m, mhòlvaic váriahc, {m k}mhvnkch ln kcomrv}rn m}rcpmn(Hc hc{ mhgnþmic{( [a lc{ m}rcochc{ fmomh {mr}h ah{vr}imhvc m{mhkanl pnrn ln rm{cl}kaûh fm lnkra{a{ fm ln fm}fn pòolakn mh lc{ pné{m{ pmraeárakc{hc p}mfmh {mr }h mlmimhvc fm imhcr

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->