Fundo de resgate europeu pode não alcançar 1 trilhão de euros
Autor: Lucrativa Investimentos Contato: (11) 23591497 www.lucrativainvestimentos.com.br | Publicado: 2011-11-11T14:52:00-02:00

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BRUXELAS, 11 de novembro (Reuters) - A turbulência política na Grécia e na Itália está complicando os esforços para aumentar o poder de fogo do fundo de resgate europeu para 1 trilhão de euros, disse uma autoridade do Fundo Europeu de Estabilização Financeira (EFSF) nesta sexta-feira.
  Os países da zona do euro esperavam aumentar a capacidade de empréstimo do EFSF até dezembro, combinando garantias de bônus com veículos de investimento. Mas após a queda do governo em Atenas, enquanto os mercados de dívida empurravam Roma à beira de um pedido de socorro, o EFSF acredita que pode ser mais realista buscar menos alavancagem.

  "A turbulência política que nós vimos nos últimos 10 dias provavelmente reduz o potencial para alavancagem, por isso ela pode ser de apenas três ou quatro vezes, ao invés de cinco", disse a fonte do EFSF.
  Após a dedução dos programas atuais de financiamento de emergência do EFSF, o fundo tem agora 250 bilhões de euros para alavancar.
  O EFSF diz esperar que os mercados financeiros melhorem com a indicação de um novo governo na Grécia e com a votação de medidas de austeridade na Itália.  Mas os investidores já estão questionando como o EFSF alcançará o nível de 1 trilhão de euros -- que tem o objetivo de ajudar Itália e Espanha se os países forem excluídos dos mercados de capital.
  Já está em dúvida a ideia de elevar o poder do EFSF através de veículos com fins especiais, financiados por fundos soberanos e outros investidores, pois falta clareza sobre incentivos de investimentos para países como China e Brasil.
  O diretor do EFSF, Klaus Regling, admitiu que parte dessa confusão complicou a venda de 3 bilhões de euros em bônus na segunda-feira.