«Κόκκινα δάνεια»: «Πράσινο φως» από την Κομισιόν στο σχέδιο «Ηρακλής»

kokkina-daneia-n67
Διαβάστε επίσης

Tα σχέδια της ελληνικής κυβέρνησης για να στηρίξει τη μείωση των μη εξυπηρετούμενων δανείων των ελληνικών τραπεζών ενέκρινε η Ευρωπαϊκή Επιτροπή, διαπιστώνοντας ότι “δεν περιέχουν κρατική ενίσχυση”.

Η Επιτροπή κατέληξε ότι, στο πλαίσιο του καθεστώτος προστασίας περιουσιακών στοιχείων (το λεγόμενο σχέδιο «Ηρακλής»), το ελληνικό Δημόσιο θα αμείβεται σύμφωνα με τους όρους της αγοράς για τον κίνδυνο που αναλαμβάνει όταν παρέχει εγγύηση για τιτλοποιημένα μη εξυπηρετούμενα δάνεια.

“Εάν ένα κράτος μέλος παρεμβαίνει ως ιδιώτης επενδυτής και αμείβεται για τον κίνδυνο που αναλαμβάνει όπως θα έπραττε ένας ιδιώτης επενδυτής, οι παρεμβάσεις αυτές δεν συνιστούν κρατική ενίσχυση”, σημειώνει η σχετική ανακοίνωση, προσθέτοντας ότι “ως εκ τούτου, η Επιτροπή κατέληξε στο συμπέρασμα ότι το μέτρο που θέσπισε η Ελλάδα δεν ενέχει κρατική ενίσχυση κατά την έννοια των κανόνων της ΕΕ”.

«Εκφράζω την ικανοποίησή μου για το γεγονός ότι, από κοινού με την ελληνική κυβέρνηση, καταλήξαμε σε λύση συμβατή με την αγορά για την αντιμετώπιση του συνόλου των μη εξυπηρετούμενων δανείων που βαρύνουν τους ισολογισμούς των ελληνικών τραπεζών.Το σχέδιο που εγκρίναμε σήμερα είναι ένα ακόμη καλό παράδειγμα του τρόπου με τον οποίο τα κράτη μέλη μπορούν να βοηθούν τις τράπεζες να εκκαθαρίζουν τους ισολογισμούς τους χωρίς να τους χορηγούνται ενισχύσεις ή να στρεβλώνεται ο ανταγωνισμός», δήλωσε σχετικά η Επίτροπος Μαργκρέιτε Βέστεϊγιερ, αρμόδια για την πολιτική ανταγωνισμού.

Σύμφωνα με την ανακοίνωση της Επιτροπής, το σχέδιο «Ηρακλής» επιδιώκει να διευκολύνει τις τράπεζες να τιτλοποιούν και να αφαιρούν μη εξυπηρετούμενα δάνεια από τους ισολογισμούς τους. Στο πλαίσιο του σχεδίου αυτού, ένας μεμονωμένης διαχείρισης φορέας τιτλοποίησης θα αγοράζει μη εξυπηρετούμενα δάνεια από την τράπεζα και θα πωλεί τίτλους σε επενδυτές. Το κράτος θα παρέχει την εγγύηση του Δημοσίου για τους τίτλους υψηλής εξασφάλισης του φορέα τιτλοποίησης, οι οποίοι είναι χαμηλότερου κινδύνου. Σε αντάλλαγμα, το Δημόσιο θα λαμβάνει αμοιβή σύμφωνη με τους όρους της αγοράς. Στόχος είναι η προσέλκυση ευρέος φάσματος επενδυτών και η στήριξη των τραπεζών στις συνεχιζόμενες προσπάθειές τους να μειώσουν το ύψος των μη εξυπηρετούμενων δανείων στους ισολογισμούς τους.

Από την αξιολόγηση της Επιτροπής προέκυψε ότι οι κρατικές εγγυήσεις θα παρέχονται έναντι αμοιβής με όρους της αγοράς ανάλογα με τον κίνδυνο που αναλαμβάνεται, δηλαδή όπως θα ήταν αποδεκτό για έναν ιδιώτη επιχειρηματία υπό τους όρους της αγοράς Σύμφωνα με τη Επιτροπή, αυτό εξασφαλίζεται ιδίως με βάση τα ακόλουθα στοιχεία:

Πρώτον, ο κίνδυνος για το κράτος θα είναι περιορισμένος, δεδομένου ότι η κρατική εγγύηση ισχύει μόνο για το τμήμα ανώτερης εξασφάλισης των τίτλων που πωλεί ο φορέας τιτλοποίησης. Ένας εγκεκριμένος από την Ευρωπαϊκή Κεντρική Τράπεζα ανεξάρτητος οργανισμός αξιολόγησης πιστοληπτικής ικανότητας θα καθορίζει τη διαβάθμιση του τμήματος ανώτερης εξασφάλισης.

Δεύτερον, η κρατική εγγύηση για το τμήμα ανώτερης εξασφάλισης θα τίθεται σε ισχύ μόνον εάν το ήμισυ και πλέον των μη εγγυημένων επισφαλών τμημάτων έχει πωληθεί επιτυχώς σε ιδιώτες συμμετέχοντες στην αγορά. Με τον τρόπο αυτό θα διασφαλίζεται ότι η κατανομή των κινδύνων των διαφόρων τμημάτων θα δοκιμάζεται και θα επιβεβαιώνεται από την αγορά προτού το Δημόσιο αναλάβει οποιονδήποτε κίνδυνο.

Τρίτον, η αμοιβή του Δημοσίου για τον κίνδυνο που αναλαμβάνει θα είναι σύμφωνη με τους όρους της αγοράς.  Το τέλος εγγύησης θα βασίζεται σε δείκτη αναφοράς της αγοράς και θα αντιστοιχεί στο επίπεδο και τη διάρκεια του κινδύνου που αναλαμβάνει το Δημόσιο όταν χορηγεί την εγγύηση. Τούτο σημαίνει ότι το καταβαλλόμενο τέλος εγγύησης αυξάνεται με την πάροδο του χρόνου ανάλογα με τη διάρκεια του ανοίγματος του κράτους. Η εν λόγω διάρθρωση των τελών, καθώς και ο διορισμός εξωτερικού διαχειριστή, αποσκοπούν στην αύξηση της αποτελεσματικότητας της ρύθμισης των μη εξυπηρετούμενων δανείων και της πιθανότητας ανάκτησής τους.

Σε αυτή τη βάση, η Επιτροπή κατέληξε στο συμπέρασμα ότι το μέτρο δεν περιέχει στοιχεία κρατικής ενίσχυσης κατά την έννοια των κανόνων της ΕΕ για τις κρατικές ενισχύσεις.

Παλαιότερα άρθρα:

28 απαντήσεις στο “«Κόκκινα δάνεια»: «Πράσινο φως» από την Κομισιόν στο σχέδιο «Ηρακλής»”

  1. An impressive share, I simply given this onto a colleague who was doing just a little evaluation on this. And he the truth is bought me breakfast as a result of I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to debate this, I really feel strongly about it and love reading more on this topic. If attainable, as you turn out to be expertise, would you thoughts updating your weblog with extra details? It’s highly useful for me. Massive thumb up for this weblog publish!

  2. This is the precise weblog for anyone who desires to seek out out about this topic. You understand so much its nearly exhausting to argue with you (not that I truly would need匟aHa). You undoubtedly put a brand new spin on a subject thats been written about for years. Nice stuff, simply great!

  3. The subsequent time I learn a blog, I hope that it doesnt disappoint me as a lot as this one. I mean, I do know it was my option to read, however I truly thought youd have something interesting to say. All I hear is a bunch of whining about one thing that you could fix if you happen to werent too busy looking for attention.

  4. Aw, this was a very nice post. In concept I wish to put in writing like this additionally ?taking time and precise effort to make a very good article?however what can I say?I procrastinate alot and certainly not appear to get something done.

  5. After study a couple of of the weblog posts in your web site now, and I truly like your manner of blogging. I bookmarked it to my bookmark website record and will probably be checking again soon. Pls try my website as nicely and let me know what you think.

  6. Youre so cool! I dont suppose Ive learn anything like this before. So nice to seek out someone with some authentic ideas on this subject. realy thank you for beginning this up. this website is something that’s wanted on the net, someone with a bit of originality. useful job for bringing something new to the web!

  7. My spouse and i got now cheerful Chris managed to do his basic research by way of the precious recommendations he acquired through your web pages. It’s not at all simplistic to just continually be handing out secrets which often some other people could have been trying to sell. And now we take into account we need the blog owner to appreciate for this. The illustrations you have made, the straightforward website navigation, the friendships your site help promote – it’s all sensational, and it is aiding our son and us know that the article is thrilling, which is unbelievably important. Thank you for the whole lot!

  8. I wish to express my appreciation to you just for bailing me out of this type of predicament. As a result of checking throughout the world-wide-web and coming across views which were not productive, I believed my life was done. Being alive minus the strategies to the issues you’ve sorted out through this guide is a critical case, and the kind that might have negatively affected my career if I had not come across your web blog. Your personal skills and kindness in controlling all the things was useful. I am not sure what I would have done if I had not come upon such a thing like this. I can now look forward to my future. Thanks a lot very much for this impressive and amazing guide. I will not be reluctant to endorse your web site to anyone who would need direction about this subject matter.

  9. I precisely had to say thanks once more. I do not know what I could possibly have done in the absence of the entire basics documented by you concerning my topic. It was before a very depressing circumstance in my position, but finding out a new well-written approach you treated it made me to weep with gladness. Now i’m thankful for your guidance and thus sincerely hope you really know what a powerful job that you’re carrying out educating the mediocre ones by way of a web site. I know that you haven’t met any of us.

  10. Thanks for every one of your effort on this web page. Kim take interest in making time for internet research and it is obvious why. All of us know all regarding the lively form you offer efficient tactics by means of your web blog and therefore boost response from others on that point and our favorite girl is without a doubt being taught a lot. Enjoy the rest of the year. You’re the one carrying out a good job.

  11. I happen to be writing to let you know what a perfect experience my wife’s child went through reading your site. She even learned some details, including what it’s like to have a marvelous giving heart to make other individuals clearly comprehend specific very confusing subject areas. You actually surpassed people’s expected results. I appreciate you for supplying those good, trusted, educational as well as unique tips about the topic to Ethel.

  12. My husband and i have been quite contented Ervin managed to finish up his investigations through the entire precious recommendations he had through your blog. It is now and again perplexing to just happen to be handing out points which usually people today have been making money from. Therefore we remember we have the blog owner to be grateful to for this. Those explanations you made, the straightforward site navigation, the friendships you can assist to create – it’s everything great, and it is letting our son in addition to the family understand that subject is fun, which is very important. Thanks for all the pieces!

  13. My wife and i felt so happy when John managed to conclude his inquiry while using the precious recommendations he got from your own web pages. It is now and again perplexing to just happen to be freely giving techniques that a number of people could have been selling. So we grasp we have the writer to give thanks to for this. These illustrations you’ve made, the easy blog navigation, the friendships your site assist to engender – it’s most excellent, and it’s facilitating our son and the family recognize that this subject is cool, and that’s extraordinarily fundamental. Thank you for all the pieces!

  14. I’m writing to let you understand of the fantastic experience our child found viewing yuor web blog. She even learned many things, with the inclusion of what it is like to have an incredible helping style to let men and women effortlessly grasp certain extremely tough matters. You really exceeded her desires. Thanks for showing the helpful, healthy, informative and also unique guidance on this topic to Evelyn.

  15. My spouse and i got quite glad that Jordan could finish up his researching while using the precious recommendations he came across through your web site. It is now and again perplexing just to happen to be freely giving ideas that many most people might have been trying to sell. Therefore we see we have you to be grateful to for that. Most of the explanations you have made, the straightforward website menu, the friendships you can help create – it’s got everything fabulous, and it’s really facilitating our son and our family reason why this subject matter is excellent, which is highly indispensable. Thanks for all the pieces!

  16. I wanted to put you one bit of remark to thank you very much again for all the magnificent tactics you have contributed on this site. This has been really particularly open-handed with you to convey without restraint exactly what a number of us would have supplied as an ebook to generate some profit for their own end, chiefly considering that you could have tried it if you ever considered necessary. These points as well acted as a fantastic way to be sure that other people have similar fervor just like my own to grasp whole lot more in respect of this matter. I know there are millions of more fun times ahead for people who view your site.

  17. I really wanted to construct a quick remark in order to appreciate you for some of the wonderful points you are placing here. My long internet research has at the end of the day been recognized with sensible concept to go over with my close friends. I would repeat that many of us website visitors are definitely fortunate to dwell in a magnificent website with many marvellous people with interesting points. I feel extremely privileged to have used the website and look forward to tons of more awesome minutes reading here. Thanks a lot once again for all the details.

  18. I am only commenting to make you be aware of what a impressive discovery my wife’s daughter had studying your webblog. She came to find a wide variety of details, which included what it is like to possess an awesome helping mood to make many more quite simply know precisely various tortuous matters. You truly did more than our desires. I appreciate you for showing such warm and friendly, trusted, explanatory and even fun tips on that topic to Evelyn.

  19. My husband and i felt really happy that Edward managed to finish off his studies with the ideas he got out of your site. It’s not at all simplistic to just choose to be releasing tips and hints which usually many people might have been making money from. And we all acknowledge we have you to thank because of that. Those explanations you have made, the simple web site navigation, the relationships your site give support to engender – it’s mostly awesome, and it’s letting our son and us understand this article is awesome, and that’s extremely important. Thanks for the whole thing!

  20. 706383 12051Youre so cool! I dont suppose Ive read anything in this way before. So good to uncover somebody with some original suggestions on this topic. realy appreciate starting this up. this excellent web site is something that is necessary more than the internet, a person if we do originality. valuable work for bringing something new towards the web! 358967

  21. 339107 372484You would endure heaps of different advised organized excursions with various chauffeur driven car experts. Some sort of cope previous attributes and a normally requires a to obtain travel within expense centre, and even checking out the upstate New York. ??????? 413152

  22. 75153 227105You will be able use all sorts of advised attractions with various car treatments. A quantity of sell traditional tools numerous demand families for almost any event for any investment district, or even for a holiday in new york. ???? ??? ?????? ????? 491077

  23. [url=http://nolvadexd.com/]nolvadex online[/url] [url=http://motilium10mg.com/]motilium suspension[/url] [url=http://lisinopril40.com/]lisinopril[/url]

  24. 569820 384872Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You definitely know what youre talking about, why throw away your intelligence on just posting videos to your weblog when you could be giving us something enlightening to read? 449964

Σχολιάστε