债权人抓紧筹备希腊违约应急预案
Eurozone bonds suffered one of their most volatile days since Greece’s left-wing government was elected five months ago, as mounting fears that Athens would not agree a bailout deal at tomorrow’s high-stakes finance minsters’ meeting sparked talk of an emergency weekend EU summit.
欧元区债券经历了自5个月前希腊左翼政府当选以来最动荡的交易日之一。人们越来越担心雅典方面在明日事关重大的财长会议上不会同意纾困协议，这引发了有关周末召开欧盟紧急峰会的讨论。In a speech televised live from parliament, Alexis Tsipras, Greece’s prime minister, angrily denounced a compromise plan presented by his country’s bailout monitors as “humiliating for our people” and accused the International Monetary Fund of “criminal responsibility” for the country’s economic woes.
在电视直播的议会演讲中，希腊总理亚历克西斯•齐普拉斯(Alexis Tsipras)愤怒地谴责该国纾困监督者所提出的妥协方案“侮辱了我们的人民”，还指责国际货币基金组织(IMF)对希腊经济困境负有“刑事责任”。
The strident language, coupled with published remarks by Yanis Varoufakis, the Greek finance minister, that he did not plan to bring new proposals to the finance ministers’ meeting, has sped up preparations for a possible Greek default, according to eurozone officials.
据欧元区官员称，此番尖锐评论，加上希腊财长亚尼斯•瓦鲁法基斯(Yanis Varoufakis)的公开言论（他没有计划带着新方案去参加财长会议），加快了各方对希腊可能违约的准备。
German chancellor Angela Merkel said in Berlin that she “unfortunately” saw no sign of an easing in the deadlock between Athens and its creditors. Other officials from Greece’s creditors said contingency plans for a failure in bailout talks, including at the possible summit of eurozone heads of government on Sunday, were almost finalised. They included capital controls to prevent a meltdown of Greece’s financial sector.
德国总理安格拉•默克尔(Angela Merkel)在柏林表示，她“很遗憾”看到雅典及其债权人的僵局没有任何缓解迹象。希腊债权人的其他官员称，纾困谈判失败的应急计划（包括周日可能召开欧元区政府首脑峰会）已接近完成。应急措施包括为阻止希腊金融行业瘫痪而实行资本管制。In a sign that the breakdown was beginning to infect the eurozone more broadly, investors initially dumped bonds from several “peripheral” eurozone countries — though the sell-off later went into reverse. Greece’s bond that falls due in 2017 saw its yield rise above 29 per cent for the first time this year, and the Athens stock market dropped by close to 5 per cent.
迹象显示，谈判破裂已经开始更广泛地影响整个欧元区，最初投资者抛售一些欧元区“外围”国家的债券——不过抛售随后出现了逆转。2017年到期的希腊国债收益率今年以来首次升至29%以上，雅典股市下跌近5%。The sharp movements in bond markets overshadowed equities, with the Euro Stoxx 50 Volatility index, a measure of implied volatility, at its highest level since early January. This barometer of market fear is putting pressure on equity prices, with eurozone benchmarks well off their peaks for the year.
债券市场的剧烈波动超过了股市波动——衡量隐含波动的欧元区斯托克50波动指数(Euro Stoxx 50 Volatility index)达到自今年1月初以来的最高水平。这一衡量市场担忧的“晴雨表”正对股票价格形成压力，欧元区各国股指均远低于今年峰值。The sides are far apart on what would constitute acceptable reforms that would release 7.2bn in bailout funds and avoid default. A default could occur in less than two weeks when a 1.5bn loan repayment to the IMF falls due.
谈判各方围绕哪些内容将构成可接受的改革，从而向希腊发放72亿欧元纾困资金、使之避免违约存在极大分歧。违约可能在不到两周后发生，届时希腊需要偿还IMF的一笔15亿欧元款项将到期。Greece has rejected suggestions by creditors that it cut public sector pensions and increase taxes to find about 2bn in savings annually. Creditors have insisted they are open to ideas but so far Athens has not responded with plans the creditors believe are credible.
希腊拒绝了债权人提出的建议，后者要求希腊削减公共部门养老金并增加税收，以实现每年约20亿欧元的节省。债权人坚称，他们对各种构想抱着开放心态，但是雅典方面迄今拿不出债权人认为可信的方案。Mr Tsipras has privately told interlocutors he ultimately wants a deal.
齐普拉斯私下告知中介，他最终还是希望达成协议的。
