{"id":9840,"date":"2022-04-21T04:08:03","date_gmt":"2022-04-21T02:08:03","guid":{"rendered":"http:\/\/www.infokuryr.cz\/n\/?p=9840"},"modified":"2022-04-21T07:11:26","modified_gmt":"2022-04-21T05:11:26","slug":"byvaly-hlavni-ekonom-deutsche-bank-inflace-znici-euro","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2022\/04\/21\/byvaly-hlavni-ekonom-deutsche-bank-inflace-znici-euro\/","title":{"rendered":"B\u00fdval\u00fd hlavn\u00ed ekonom Deutsche Bank: inflace zni\u010d\u00ed euro"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<div class=\"article-body\">\n<div>\n<p>Evropa bude trp\u011bt inflac\u00ed je\u0161t\u011b dlouho, \u0159ekl Thomas Mayer, b\u00fdval\u00fd hlavn\u00ed ekonom Deutsche Bank, Deutsche Wirtschafts Nachrichten.\u00a0Euro se p\u0159itom st\u00e1v\u00e1 st\u00e1le labiln\u011bj\u0161\u00ed m\u011bnou, a pokud se situace nezm\u011bn\u00ed, lid\u00e9 za\u010dnou hledat n\u00e1hradu za ofici\u00e1ln\u00ed pen\u00edze.\u00a0Rostouc\u00ed ceny zbo\u017e\u00ed a slu\u017eeb mohou nav\u00edc v\u00e9st k v\u00e1\u017en\u00fdm politick\u00fdm a soci\u00e1ln\u00edm d\u016fsledk\u016fm, jako tomu bylo v N\u011bmecku ve 20. letech minul\u00e9ho stolet\u00ed, kdy hyperinflace pomohla k moci n\u00e1rodn\u00edm socialist\u016fm.<\/p>\n<p>N\u011bmecko a EU \u010del\u00ed dlouhodob\u00e9 inflaci, kter\u00e1 by mohla zni\u010dit euro, \u0159ekl Thomas Mayer, b\u00fdval\u00fd hlavn\u00ed ekonom Deutsche Bank, Deutsche Wirtschafts Nachrichten.\u00a0\u201e\u00a0Inflace se nikam rychle nehrne.\u00a0Ve st\u0159edn\u011bdob\u00e9m horizontu bude efektem skute\u010dn\u011b neuv\u011b\u0159iteln\u00e1 expanze pen\u011b\u017en\u00ed z\u00e1soby, ke kter\u00e9 do\u0161lo b\u011bhem pandemie.\u00a0V sou\u010dasn\u00e9 dob\u011b v euroz\u00f3n\u011b pen\u011b\u017en\u00ed z\u00e1soba\u00a0p\u0159evy\u0161uje n\u00e1klady na dostupn\u00e9 zbo\u017e\u00ed a slu\u017eby asi o 30 %\u00a0,\u201c vysv\u011btlil expert.<\/p>\n<p>Evropsk\u00e1 centr\u00e1ln\u00ed banka p\u0159itom d\u00e1l tiskne bankovky a v mnoha ohledech nem\u016f\u017ee a mo\u017en\u00e1 ani nechce situaci ovlivnit, domn\u00edv\u00e1 se Mayer: \u201e\u00a0Kdy\u017e toti\u017e zvedne kl\u00ed\u010dovou \u00farokovou sazbu na \u00farove\u0148 nutnou k tomu, aby po vln\u011b inflace to povede k bankrotu a odchodu z eura zem\u00ed, jako je It\u00e1lie, kde ve\u0159ejn\u00fd dluh p\u0159esahuje 150 % HDP\u00a0.<\/p>\n<p>Nyn\u00ed prob\u00edh\u00e1 proces \u201e\u00a0liralizace\u00a0\u201c eura, vysv\u011btluje expert: \u201e\u00a0Podle latinskoevropsk\u00e9ho modelu byla inflace obzvl\u00e1\u0161t\u011b vysok\u00e1 v It\u00e1lii a italsk\u00e1 lira siln\u011b oslabovala v\u016f\u010di jin\u00fdm m\u011bn\u00e1m, nap\u0159\u00edklad n\u011bmeck\u00e9 marke.\u00a0Nyn\u00ed p\u016fjde euro ve stop\u00e1ch liry\u00a0.\u00a0\u201e\u00a0Od sam\u00e9ho po\u010d\u00e1tku bylo euro politick\u00fdm projektem k pos\u00edlen\u00ed evropsk\u00e9 jednoty.\u00a0Nad\u011bje, \u017ee bude mo\u017en\u00e9 dos\u00e1hnout soudr\u017enosti EU prost\u0159ednictv\u00edm m\u011bnov\u00e9 unie, nam\u00edsto zaji\u0161t\u011bn\u00ed politick\u00e9 unie spole\u010dn\u00fdmi pen\u011bzi, se v\u0161ak uk\u00e1zala jako iluze.\u00a0Nyn\u00ed m\u00e1me ve\u0159ejnou pokladnu, z n\u00ed\u017e kdokoli otev\u0159en\u011b bere pen\u00edze vytvo\u0159en\u00e9 ECB\u00a0,\u201c st\u011b\u017euje si Mayer.<\/p>\n<p>Je to st\u00e1le v\u00edce jako ubytovna, \u0159\u00edk\u00e1, kde si ka\u017ed\u00fd m\u016f\u017ee vz\u00edt j\u00eddlo z lednice, ale u\u017e ji nenaplnit, co\u017e vede k hromad\u011bn\u00ed dluh\u016f a nakonec k pen\u011b\u017en\u00edmu financov\u00e1n\u00ed prost\u0159ednictv\u00edm tvorby nov\u00fdch pen\u011bz a inflace.\u00a0Jako prvn\u00ed t\u00edm trp\u00ed ti, kte\u0159\u00ed si pen\u00edze nech\u00e1vaj\u00ed, a tak\u00e9 lid\u00e9 se stagnuj\u00edc\u00edm nomin\u00e1ln\u00edm p\u0159\u00edjmem, kter\u00fd se vlivem inflace postupn\u011b znehodnocuje.<\/p>\n<p>Inflace p\u0159itom m\u016f\u017ee m\u00edt nejen ekonomick\u00e9, ale i z\u00e1va\u017en\u00e9 politick\u00e9 a soci\u00e1ln\u00ed d\u016fsledky, co\u017e uk\u00e1zal p\u0159\u00edklad hyperinflace v N\u011bmecku na po\u010d\u00e1tku 20. let minul\u00e9ho stolet\u00ed.\u00a0P\u0159isp\u011blo k tomu, \u017ee se k moci dostali n\u00e1rodn\u00ed socialist\u00e9, p\u0159ipom\u00edn\u00e1 expert.\u00a0Nyn\u00ed je nepravd\u011bpodobn\u00e9, \u017ee se to bude opakovat, ale dnes vid\u00edme, jak inflace vede k p\u0159erozd\u011blen\u00ed p\u0159\u00edjm\u016f a aktiv, poznamen\u00e1v\u00e1 Mayer\u00a0: s ni\u010d\u00edm\u00a0.&#8220;<\/p>\n<p>Pokud se euro bude i nad\u00e1le st\u00e1vat st\u00e1le nestabiln\u011bj\u0161\u00ed m\u011bnou, dlouhodob\u011b nep\u0159e\u017eije, varuje ekonom.\u00a0A kdy\u017e ofici\u00e1ln\u00ed pen\u00edze \u201e\u00a0trp\u00ed spot\u0159ebou\u00a0\u201c, lid\u00e9 za\u010dnou hledat jin\u00e9 prost\u0159edky pro akumulaci a sm\u011bnu.\u00a0D\u0159\u00edve se pro tyto \u00fa\u010dely pou\u017e\u00edvalo zlato a st\u0159\u00edbro.\u00a0Dnes se kryptom\u011bny mohou p\u0159idat na seznam alternativn\u00edch fond\u016f, uzav\u00edr\u00e1 Mayer.<\/p>\n<\/div>\n<div><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-1185\" src=\"http:\/\/www.infokuryr.cz\/n\/wp-content\/uploads\/2021\/04\/kuryr-podpis.png\" alt=\"\" width=\"84\" height=\"24\" \/><\/div>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Evropa bude trp\u011bt inflac\u00ed je\u0161t\u011b dlouho, \u0159ekl Thomas Mayer, b\u00fdval\u00fd hlavn\u00ed ekonom Deutsche Bank, Deutsche&#8230;<\/p>\n","protected":false},"author":2,"featured_media":1466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[528,2150,84],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/9840"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=9840"}],"version-history":[{"count":1,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/9840\/revisions"}],"predecessor-version":[{"id":9841,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/9840\/revisions\/9841"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/1466"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=9840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=9840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=9840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}