ANSVARSPÅDRAGENDE RATINGS ... - Juridisk Institut
ANSVARSPÅDRAGENDE RATINGS ... - Juridisk Institut
ANSVARSPÅDRAGENDE RATINGS ... - Juridisk Institut
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Den 31. december 2008 kunne verdens aktiebørser se tilbage på et år, hvor det<br />
engelske indeks, FTSE 100, var faldet 31,3% i løbet af 2008, det tyske, Dax indeks<br />
40,4%, det franske Cac 40 indeks 42,7%, 17 og det amerikanske Dow Jones indeks<br />
hele 45% 18 .<br />
”Even with determined steps to return the financial sector to health and<br />
continued use of macroeconomic policy levers to support aggregate<br />
demand, global activity is projected to contract by 1.3 percent in 2009.<br />
This represents the deepest post‐World War II recession by far.” 19<br />
”The April 2009 issue of the Global Financial Stability Report (GFSR) es‐<br />
timates that, subject to a number of assumptions, credit write‐downs on<br />
U.S.‐originated assets by all holders since the start of the crisis will total<br />
$2.2 trillion …” 20<br />
“… at least 20 million jobs have been lost since October 2008 when the<br />
financial crisis started […] almost 43 million workers are at‐risk of ex‐<br />
clusion from the labour market” 21<br />
… and the rest is history, as they say …<br />
… og så alligevel ikke helt ‐ krisen raser fortsat, Eurosamarbejdet truer med at<br />
ophøre, Grækenland stirrer et statsbankerot i øjnene, arbejdsløsheden stiger,<br />
købelysten daler, kreditvurderingsbureauerne har nedjusteret deres ratings af<br />
flere europæiske banker samt lande som USA og Frankrig, og de advarer nu om,<br />
at alle europæiske lande risikerer yderligere nedjusteringer af deres ratings. 22<br />
“For the first time since the October 2008 Global Financial Stability Re‐<br />
port, risks to global financial stability have increased […], signaling a<br />
partial reversal in progress made over the past three years. The pace of<br />
the economic recovery has slowed, stalling progress in balance sheet<br />
repair in many advanced economies. Sovereign stress in the euro area<br />
has spilled over to banking systems, pushing up credit and market<br />
risks.” 23<br />
16 The National Bureau of Economic Research: Determination of the December 2007 Peak in Eco‐<br />
nomic Activity.<br />
17 BBC News: Timeline: Credit crunch to downturn.<br />
18 CBS News: Market Closes On Worst Year Since 1931. CBS News, Business, 17. februar 2010.<br />
19 IMF: Global Financial Stability Report: Responding to the Financial Crisis and Measuring Systemic<br />
Risk. April 2009, p. xi<br />
20 Ibid.<br />
21 International Labour Organization: World of Work Report 2009: The Global Jobs Crisis and<br />
Beyond. 2009, s. vii.<br />
22 Ritzau/AFP: Moodys: Hele Europa er truet af gældskrise. Information, 28. november 2011.<br />
23 International Monetary Fund (IMF): Global Financial Stability Report: Grappling with Crisis<br />
Legacies (Summary Version). September 2011, s. 1.<br />
RETTID 2012/Specialeafhandling 13 7
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