{"id":659,"date":"2024-10-27T03:56:16","date_gmt":"2024-10-27T03:56:16","guid":{"rendered":"https:\/\/phongtraoduytan.com\/?p=659"},"modified":"2024-10-27T03:56:16","modified_gmt":"2024-10-27T03:56:16","slug":"thanh-phan-con-thieu-trong-nang-luc-canh-tranh-cua-chau-au","status":"publish","type":"post","link":"https:\/\/diendanduytan.com\/?p=659","title":{"rendered":"Th\u00e0nh ph\u1ea7n c\u00f2n thi\u1ebfu trong n\u0103ng l\u1ef1c c\u1ea1nh tranh c\u1ee7a Ch\u00e2u \u00c2u"},"content":{"rendered":"\n
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T\u00e1c gi\u1ea3: Howard Davies<\/p>\n\n\n\n

Nh\u1eefng th\u00e1ng t\u1edbi s\u1ebd cho th\u1ea5y m\u1ee9c \u0111\u1ed9 cam k\u1ebft c\u1ee7a c\u00e1c nh\u00e0 l\u00e3nh \u0111\u1ea1o Ch\u00e2u \u00c2u trong vi\u1ec7c kh\u00f4i ph\u1ee5c n\u0103ng l\u1ef1c c\u1ea1nh tranh kinh t\u1ebf trong m\u1ed9t th\u1ebf gi\u1edbi m\u00e0 h\u1ecd \u0111ang ng\u00e0y c\u00e0ng t\u1ee5t l\u1ea1i ph\u00eda sau. Li\u00ean minh Ch\u00e2u \u00c2u r\u1ea5t c\u1ea7n s\u1ef1 t\u00edch h\u1ee3p th\u1ecb tr\u01b0\u1eddng v\u1ed1n, v\u00e0 \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c \u0111i\u1ec1u \u0111\u00f3, nhi\u1ec1u qu\u1ed1c gia th\u00e0nh vi\u00ean s\u1ebd ph\u1ea3i hy sinh ni\u1ec1m t\u1ef1 h\u00e0o d\u00e2n t\u1ed9c c\u1ee7a m\u00ecnh.<\/em><\/p>\n\n\n\n

LONDON \u2013 V\u1edbi ng\u00f4n t\u1eeb m\u1ea1nh m\u1ebd v\u00e0 \u0111\u1ea7y k\u1ecbch t\u00ednh, b\u00e1o c\u00e1o l\u1edbn c\u1ee7a Mario Draghi v\u1ec1 n\u0103ng l\u1ef1c c\u1ea1nh tranh c\u1ee7a Ch\u00e2u \u00c2u r\u00f5 r\u00e0ng nh\u1eb1m thu h\u00fat s\u1ef1 ch\u00fa \u00fd c\u1ee7a c\u00e1c nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch EU. Thay v\u00ec c\u1ed1 g\u1eafng l\u00e0m d\u1ecbu v\u1ea5n \u0111\u1ec1, \u00f4ng c\u1ea3nh b\u00e1o r\u1eb1ng Ch\u00e2u \u00c2u \u0111ang ng\u00e0y c\u00e0ng t\u1ee5t h\u1eadu so v\u1edbi Hoa K\u1ef3. Kh\u00f4ng ch\u1ec9 b\u1ecf l\u1ee1 cu\u1ed9c c\u00e1ch m\u1ea1ng s\u1ed1, Ch\u00e2u \u00c2u c\u0169ng \u0111ang chu\u1ea9n b\u1ecb b\u1ecf l\u1ee1 cu\u1ed9c c\u00e1ch m\u1ea1ng tr\u00ed tu\u1ec7 nh\u00e2n t\u1ea1o. Kh\u00f4ng c\u00f3 c\u00f4ng ty c\u00f4ng ngh\u1ec7 n\u00e0o c\u1ee7a Ch\u00e2u \u00c2u c\u00f3 th\u1ec3 c\u1ea1nh tranh v\u1edbi c\u00e1c g\u00e3 kh\u1ed5ng l\u1ed3 nh\u01b0 Apple hay Microsoft.<\/p>\n\n\n\n

H\u01a1n n\u1eefa, Draghi l\u01b0u \u00fd r\u1eb1ng s\u1ef1 t\u0103ng tr\u01b0\u1edfng n\u0103ng su\u1ea5t tr\u00ean to\u00e0n ch\u00e2u l\u1ee5c \u0111ang t\u1ee5t l\u1ea1i so v\u1edbi Hoa K\u1ef3, \u0111\u1eb7t Li\u00ean minh Ch\u00e2u \u00c2u tr\u01b0\u1edbc m\u1ed9t “th\u00e1ch th\u1ee9c sinh t\u1ed3n.” N\u1ebfu kh\u00f4ng “thay \u0111\u1ed5i m\u1ed9t c\u00e1ch tri\u1ec7t \u0111\u1ec3” ph\u01b0\u01a1ng th\u1ee9c ho\u1ea1t \u0111\u1ed9ng c\u1ee7a m\u00ecnh, EU “s\u1ebd m\u1ea5t \u0111i l\u00fd do t\u1ed3n t\u1ea1i c\u1ee7a m\u00ecnh.” Ngay c\u1ea3 \u0111\u1ed1i v\u1edbi m\u1ed9t l\u1eddi k\u00eau g\u1ecdi th\u1ee9c t\u1ec9nh, \u0111\u00e2y l\u00e0 m\u1ed9t ti\u1ebfng chu\u00f4ng r\u1ea5t l\u1edbn \u2013 lo\u1ea1i ti\u1ebfng chu\u00f4ng m\u00e0 m\u1ed9t s\u1ed1 \u0111\u1ed3ng h\u1ed3 b\u00e1o th\u1ee9c t\u1ea1o ra n\u1ebfu b\u1ea1n b\u1ecf qua nh\u1eefng l\u1eddi nh\u1eafc nh\u1edf nh\u1eb9 nh\u00e0ng \u0111\u1ea7u ti\u00ean c\u1ee7a ch\u00fang.<\/p>\n\n\n\n

K\u1ebft lu\u1eadn c\u1ee7a Draghi s\u1ebd l\u00e0 tin vui cho nh\u00f3m nh\u1eefng ng\u01b0\u1eddi \u1ee7ng h\u1ed9 Brexit \u00edt \u1ecfi c\u00f2n l\u1ea1i \u1edf V\u01b0\u01a1ng qu\u1ed1c Anh, v\u00ec h\u1ecd lu\u00f4n nh\u1ea5n m\u1ea1nh t\u00ecnh tr\u1ea1ng tr\u00ec tr\u1ec7 c\u1ee7a Ch\u00e2u \u00c2u. Khi \u0111\u01b0a ra l\u00fd do \u1ee7ng h\u1ed9 vi\u1ec7c “R\u1eddi \u0111i,” h\u1ecd \u0111\u00e3 l\u1eadp lu\u1eadn r\u1eb1ng V\u01b0\u01a1ng qu\u1ed1c Anh b\u1ecb r\u00e0ng bu\u1ed9c v\u1edbi m\u1ed9t “con l\u1eeba ch\u1ebft” v\u00e0 c\u1ea7n ph\u1ea3i t\u1ef1 gi\u1ea3i ph\u00f3ng.<\/p>\n\n\n\n

Nh\u01b0ng Draghi kh\u00f4ng ph\u1ea3i l\u00e0 ng\u01b0\u1eddi ho\u00e0i nghi EU hay ng\u01b0\u1eddi \u1ee7ng h\u1ed9 nguy\u00ean t\u1eafc ph\u00e2n c\u1ea5p, v\u00e0 h\u1ea7u h\u1ebft c\u00e1c \u0111\u1ec1 xu\u1ea5t c\u1ee7a \u00f4ng s\u1ebd y\u00eau c\u1ea7u “nhi\u1ec1u Ch\u00e2u \u00c2u h\u01a1n” d\u01b0\u1edbi d\u1ea1ng c\u00e1c ch\u00ednh s\u00e1ch ph\u1ed1i h\u1ee3p v\u00e0 m\u1ed9t s\u1ef1 gia t\u0103ng m\u1ea1nh m\u1ebd \u0111\u1ea7u t\u01b0 c\u00f4ng \u1edf c\u1ea5p \u0111\u1ed9 EU. \u00d4ng l\u1eadp lu\u1eadn r\u1eb1ng c\u1ea7n c\u00f3 th\u00eam 800 t\u1ef7 euro (892 t\u1ef7 USD) \u0111\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 kh\u1ea9n c\u1ea5p \u0111\u1ec3 gi\u1ea3i quy\u1ebft v\u1ea5n \u0111\u1ec1 n\u0103ng su\u1ea5t v\u00e0 th\u00fac \u0111\u1ea9y qu\u00e1 tr\u00ecnh chuy\u1ec3n \u0111\u1ed5i sang n\u1ec1n kinh t\u1ebf xanh. Nh\u01b0 d\u1ef1 \u0111o\u00e1n, \u0111\u1ec1 xu\u1ea5t n\u00e0y \u0111\u00e3 nh\u1eadn \u0111\u01b0\u1ee3c s\u1ef1 nhi\u1ec7t t\u00ecnh \u1edf Rome, s\u1ef1 ch\u1ea5p nh\u1eadn th\u1eadn tr\u1ecdng \u1edf Paris v\u00e0 s\u1ef1 ph\u1ea3n \u0111\u1ed1i gay g\u1eaft \u1edf Berlin.<\/p>\n\n\n\n

Nh\u01b0ng trong c\u00e1c ch\u01b0\u01a1ng c\u1ee5 th\u1ec3 \u00edt \u0111\u01b0\u1ee3c ch\u00fa \u00fd h\u01a1n, Draghi c\u0169ng \u0111\u1ec1 c\u1eadp \u0111\u1ebfn c\u1ea5u tr\u00fac t\u00e0i ch\u00ednh v\u00e0 quy \u0111\u1ecbnh c\u1ee7a EU. \u00d4ng cho r\u1eb1ng Ch\u00e2u \u00c2u ph\u1ee5 thu\u1ed9c qu\u00e1 nhi\u1ec1u v\u00e0o t\u00e0i ch\u00ednh ng\u00e2n h\u00e0ng v\u00e0 \u0111i\u1ec1u n\u00e0y l\u00e0 \u0111\u00fang. C\u00e1c c\u00f4ng ty t\u0103ng tr\u01b0\u1edfng m\u1edbi (m\u00e0 s\u1ed1 l\u01b0\u1ee3ng \u00edt h\u01a1n r\u1ea5t nhi\u1ec1u so v\u1edbi \u1edf Hoa K\u1ef3) th\u01b0\u1eddng \u0111\u01b0\u1ee3c t\u00e0i tr\u1ee3 b\u1edfi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m c\u1ee7a M\u1ef9 v\u00e0 30% c\u00e1c “k\u1ef3 l\u00e2n euro” (c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p t\u01b0 nh\u00e2n \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 t\u1eeb 1 t\u1ef7 USD tr\u1edf l\u00ean) \u0111\u00e3 chuy\u1ec3n tr\u1ee5 s\u1edf ch\u00ednh sang b\u00ean kia \u0110\u1ea1i T\u00e2y D\u01b0\u01a1ng ngay khi th\u1ecb tr\u01b0\u1eddng nh\u1eadn ra ti\u1ec1m n\u0103ng c\u1ee7a h\u1ecd.<\/p>\n\n\n\n

Nguy\u00ean nh\u00e2n ch\u00ednh c\u1ee7a t\u00ecnh tr\u1ea1ng \u0111\u00e1ng bu\u1ed3n n\u00e0y l\u00e0 do th\u1ecb tr\u01b0\u1eddng v\u1ed1n Ch\u00e2u \u00c2u v\u1eabn c\u00f2n ph\u00e2n m\u1ea3nh. K\u1ebf ho\u1ea1ch x\u00e2y d\u1ef1ng m\u1ed9t li\u00ean minh th\u1ecb tr\u01b0\u1eddng v\u1ed1n \u0111\u00e3 ti\u1ebfn tri\u1ec3n r\u1ea5t \u00edt k\u1ec3 t\u1eeb khi \u0111\u01b0\u1ee3c kh\u1edfi \u0111\u1ed9ng v\u00e0o n\u0103m 2015 (b\u1edfi Jonathan Hill, khi \u0111\u00f3 l\u00e0 \u1ee7y vi\u00ean c\u1ee7a V\u01b0\u01a1ng qu\u1ed1c Anh t\u1ea1i Brussels). M\u1ed9t ph\u1ea7n c\u1ee7a v\u1ea5n \u0111\u1ec1 l\u00e0 ch\u00ednh tr\u1ecb. C\u00e1c ch\u00ednh tr\u1ecb gia EU, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c th\u00e0nh vi\u00ean thi\u00ean t\u1ea3 trong Ngh\u1ecb vi\u1ec7n Ch\u00e2u \u00c2u, v\u1eabn c\u00f2n nghi ng\u1edd v\u1ec1 ch\u1ee9ng kho\u00e1n h\u00f3a (m\u1ed9t tr\u1ee5 c\u1ed9t quan tr\u1ecdng c\u1ee7a k\u1ebf ho\u1ea1ch), v\u00ec h\u1ecd c\u00f2n li\u00ean k\u1ebft kh\u00e1i ni\u1ec7m n\u00e0y v\u1edbi cu\u1ed9c kh\u1ee7ng ho\u1ea3ng n\u1ee3 d\u01b0\u1edbi chu\u1ea9n \u1edf M\u1ef9.<\/p>\n\n\n\n

D\u00f9 sao \u0111i n\u1eefa, Draghi \u0111\u00e3 th\u00fac \u0111\u1ea9y s\u00e1ng ki\u1ebfn n\u00e0y th\u00eam m\u1ed9t l\u1ea7n n\u1eefa, nh\u1eadn ra r\u1eb1ng \u0111\u00e2y l\u00e0 c\u00e1ch duy nh\u1ea5t \u0111\u1ec3 gi\u1ea3i quy\u1ebft s\u1ef1 ph\u1ee5 thu\u1ed9c qu\u00e1 m\u1ee9c c\u1ee7a c\u00e1c c\u00f4ng ty Ch\u00e2u \u00c2u v\u00e0o t\u00e0i ch\u00ednh ng\u00e2n h\u00e0ng. Nh\u01b0ng \u00f4ng c\u0169ng coi s\u1ef1 thi\u1ebfu v\u1eafng c\u1ee7a m\u1ed9t c\u01a1 quan qu\u1ea3n l\u00fd ch\u1ee9ng kho\u00e1n m\u1ea1nh m\u1ebd l\u00e0 m\u1ed9t ph\u1ea7n quan tr\u1ecdng kh\u00e1c c\u1ee7a v\u1ea5n \u0111\u1ec1.<\/p>\n\n\n\n

\u0110\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t \u00fd t\u01b0\u1edfng m\u1edbi. Kho\u1ea3ng 15 n\u0103m tr\u01b0\u1edbc, Jacques de Larosi\u00e8re, ng\u01b0\u1eddi t\u1eebng gi\u1eef ch\u1ee7 t\u1ecbch Ng\u00e2n h\u00e0ng T\u00e1i thi\u1ebft v\u00e0 Ph\u00e1t tri\u1ec3n Ch\u00e2u \u00c2u, \u0111\u00e3 \u0111\u1ec1 xu\u1ea5t th\u00e0nh l\u1eadp m\u1ed9t \u1ee6y ban Ch\u1ee9ng kho\u00e1n v\u00e0 Giao d\u1ecbch Ch\u00e2u \u00c2u trong b\u00e1o c\u00e1o v\u1ec1 quy \u0111\u1ecbnh t\u00e0i ch\u00ednh c\u1ee7a \u00f4ng sau n\u0103m 2008. Thay v\u00e0o \u0111\u00f3, EU \u0111\u00e3 t\u1ea1o ra m\u1ed9t gi\u1ea3i ph\u00e1p t\u1ea1m th\u1eddi d\u01b0\u1edbi h\u00ecnh th\u1ee9c C\u01a1 quan Ch\u1ee9ng kho\u00e1n v\u00e0 Th\u1ecb tr\u01b0\u1eddng Ch\u00e2u \u00c2u (ESMA).<\/p>\n\n\n\n

M\u1eb7c d\u00f9 ESMA \u0111\u00e3 th\u1ef1c hi\u1ec7n nhi\u1ec1u c\u00f4ng vi\u1ec7c h\u1eefu \u00edch v\u00e0 \u0111\u00e3 kh\u1eb3ng \u0111\u1ecbnh v\u1ecb tr\u00ed c\u1ee7a m\u00ecnh nh\u01b0 m\u1ed9t ph\u1ea7n quan tr\u1ecdng trong ki\u1ebfn tr\u00fac t\u00e0i ch\u00ednh c\u1ee7a EU, nh\u01b0ng n\u00f3 v\u1eabn c\u00f2n k\u00e9m xa v\u1edbi t\u01b0 c\u00e1ch l\u00e0 m\u1ed9t \u0111\u1ed1i t\u00e1c Ch\u00e2u \u00c2u so v\u1edbi \u1ee6y ban Ch\u1ee9ng kho\u00e1n v\u00e0 Giao d\u1ecbch M\u1ef9 (SEC). V\u00ed d\u1ee5, n\u00f3 gi\u00e1m s\u00e1t tr\u1ef1c ti\u1ebfp c\u00e1c c\u01a1 quan x\u1ebfp h\u1ea1ng t\u00edn d\u1ee5ng v\u00e0 m\u1ed9t s\u1ed1 th\u1ef1c th\u1ec3 mang b\u1ea3n s\u1eafc Ch\u00e2u \u00c2u kh\u00e1c, nh\u01b0ng kh\u00f4ng gi\u00e1m s\u00e1t c\u00e1c s\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n \u0111\u1ecba ph\u01b0\u01a1ng. Do \u0111\u00f3, c\u00e1c ph\u01b0\u01a1ng ph\u00e1p huy \u0111\u1ed9ng v\u1ed1n kh\u00e1c nhau gi\u1eefa c\u00e1c qu\u1ed1c gia, t\u1ea1o ra m\u1ed9t tr\u1edf ng\u1ea1i nghi\u00eam tr\u1ecdng cho c\u00e1c doanh nh\u00e2n \u0111\u1ea7y tham v\u1ecdng v\u00e0 h\u1ea7u h\u1ebft c\u00e1c c\u00f4ng ty.<\/p>\n\n\n\n

Ngay c\u1ea3 khi chi\u1ebfn d\u1ecbch th\u00e0nh l\u1eadp m\u1ed9t c\u01a1 quan m\u1ea1nh m\u1ebd h\u01a1n kh\u00f4ng ph\u1ea3i l\u00e0 m\u1edbi, n\u00f3 \u0111\u00e3 \u0111\u01b0\u1ee3c c\u1ee7ng c\u1ed1 g\u1ea7n \u0111\u00e2y. Ch\u1ee7 t\u1ecbch Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Ch\u00e2u \u00c2u, Christine Lagarde, \u0111\u00e3 \u0111\u01b0a ra c\u00f9ng m\u1ed9t \u0111\u1ec1 xu\u1ea5t v\u00e0 vi\u1ec7c n\u00f3 \u0111\u01b0\u1ee3c \u0111\u01b0a v\u00e0o b\u00e1o c\u00e1o c\u1ee7a Draghi \u0111\u00e3 \u0111\u1eb7t v\u1ea5n \u0111\u1ec1 n\u00e0y m\u1ed9t c\u00e1ch v\u1eefng ch\u1eafc v\u00e0o trong ch\u01b0\u01a1ng tr\u00ecnh ngh\u1ecb s\u1ef1 c\u1ee7a \u1ee6y ban m\u1edbi d\u01b0\u1edbi th\u1eddi Ursula von der Leyen.<\/p>\n\n\n\n

Tuy nhi\u00ean, ngay c\u1ea3 v\u1edbi s\u1ef1 \u1ee7ng h\u1ed9 m\u1ea1nh m\u1ebd nh\u01b0 v\u1eady, th\u00e0nh c\u00f4ng c\u0169ng kh\u00f4ng \u0111\u01b0\u1ee3c \u0111\u1ea3m b\u1ea3o. \u0110\u1ec3 t\u1ea1o ra m\u1ed9t c\u01a1 quan to\u00e0n quy\u1ec1n v\u1edbi \u0111\u1ea7y \u0111\u1ee7 quy\u1ec1n h\u1ea1n nh\u01b0 \u0111\u00e3 \u0111\u01b0\u1ee3c \u0111\u1ec1 xu\u1ea5t, s\u1ebd c\u1ea7n ph\u1ea3i thay \u0111\u1ed5i hi\u1ec7p \u01b0\u1edbc, v\u00e0 H\u1ed9i \u0111\u1ed3ng Ch\u00e2u \u00c2u \u0111\u00e3 tr\u00e1nh c\u00e1c \u0111\u1ed9ng th\u00e1i nh\u01b0 v\u1eady k\u1ec3 t\u1eeb Hi\u1ec7p \u01b0\u1edbc Lisbon n\u0103m 2009. Nhi\u1ec1u nh\u00e0 l\u00e3nh \u0111\u1ea1o Ch\u00e2u \u00c2u lo ng\u1ea1i r\u1eb1ng vi\u1ec7c s\u1eeda \u0111\u1ed5i c\u00e1c hi\u1ec7p \u01b0\u1edbc n\u1ec1n t\u1ea3ng c\u1ee7a EU c\u00f3 th\u1ec3 m\u1edf ra c\u00e1c c\u00e2u h\u1ecfi m\u00e0 h\u1ecd kh\u00f4ng mu\u1ed1n gi\u1ea3i quy\u1ebft. M\u1ed9t s\u1ed1 qu\u1ed1c gia ch\u1eafc ch\u1eafn s\u1ebd ph\u1ea3n \u0111\u1ed1i vi\u1ec7c trao quy\u1ec1n m\u1edbi cho m\u1ed9t c\u01a1 quan trung \u01b0\u01a1ng, v\u00e0 m\u1ed9t s\u1ed1 s\u1ebd ph\u1ea3i ti\u1ebfn h\u00e0nh tr\u01b0ng c\u1ea7u d\u00e2n \u00fd \u0111\u1ec3 ph\u00ea chu\u1ea9n \u0111i\u1ec1u n\u00e0y, t\u1ea1o c\u01a1 h\u1ed9i cho c\u00e1c l\u1ef1c l\u01b0\u1ee3ng ch\u1ed1ng \u0111\u1ed1i t\u01b0\u01a1ng t\u1ef1 nh\u01b0 Brexit xu\u1ea5t hi\u1ec7n. H\u01a1n n\u1eefa, h\u1ea7u h\u1ebft c\u00e1c cu\u1ed9c tr\u01b0ng c\u1ea7u d\u00e2n \u00fd v\u1ec1 h\u1ed9i nh\u1eadp Ch\u00e2u \u00c2u \u0111\u1ec1u th\u1ea5t b\u1ea1i trong l\u1ea7n \u0111\u1ea7u ti\u00ean.<\/p>\n\n\n\n

Tuy nhi\u00ean, v\u1eabn c\u00f3 th\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c kh\u00e1 nhi\u1ec1u \u0111i\u1ec1u m\u00e0 kh\u00f4ng c\u1ea7n m\u1ed9t hi\u1ec7p \u01b0\u1edbc m\u1edbi ho\u1eb7c s\u1eeda \u0111\u1ed5i. M\u1ed9t trong nh\u1eefng \u0111\u1ec1 xu\u1ea5t ch\u00ednh c\u1ee7a Draghi l\u00e0 l\u00e0m cho c\u1ea5u tr\u00fac qu\u1ea3n tr\u1ecb c\u1ee7a ESMA gi\u1ed1ng h\u01a1n v\u1edbi Ng\u00e2n h\u00e0ng Trung \u01b0\u01a1ng Ch\u00e2u \u00c2u (ECB). H\u1ed9i \u0111\u1ed3ng c\u1ee7a ESMA hi\u1ec7n \u0111ang b\u1ecb chi ph\u1ed1i b\u1edfi c\u00e1c \u0111\u1ea1i di\u1ec7n t\u1eeb c\u00e1c c\u01a1 quan qu\u1ea3n l\u00fd c\u1ee7a c\u00e1c qu\u1ed1c gia th\u00e0nh vi\u00ean, trong khi Ban \u0111i\u1ec1u h\u00e0nh c\u1ee7a ECB bao g\u1ed3m s\u00e1u ng\u01b0\u1eddi c\u00f3 ngh\u0129a v\u1ee5 h\u00e0nh \u0111\u1ed9ng v\u00ec l\u1ee3i \u00edch c\u1ee7a Ch\u00e2u \u00c2u, ch\u1ee9 kh\u00f4ng ph\u1ea3i c\u1ee7a qu\u1ed1c gia h\u1ecd.<\/p>\n\n\n\n

C\u0169ng c\u00f3 th\u1ec3 \u0111\u1eb7t c\u00e1c s\u00e0n giao d\u1ecbch ch\u1ee9ng kho\u00e1n v\u00e0 h\u1ec7 th\u1ed1ng thanh to\u00e1n c\u1ee7a Ch\u00e2u \u00c2u d\u01b0\u1edbi s\u1ef1 gi\u00e1m s\u00e1t c\u1ee7a ESMA. Nh\u01b0ng \u0111\u00e2y s\u1ebd kh\u00f4ng ph\u1ea3i l\u00e0 m\u1ed9t \u0111\u1ed9ng th\u00e1i \u0111\u01a1n gi\u1ea3n. Li\u1ec7u ch\u00ednh ph\u1ee7 Ph\u00e1p c\u00f3 cho ph\u00e9p Bourse de Paris b\u1ecb qu\u1ea3n l\u00fd b\u1edfi m\u1ed9t c\u01a1 quan Ch\u00e2u \u00c2u, ngay c\u1ea3 khi c\u01a1 quan n\u00e0y c\u00f3 tr\u1ee5 s\u1edf t\u1ea1i Paris? Ch\u00ednh ph\u1ee7 \u0110\u1ee9c th\u00ec c\u00f4ng khai ph\u1ea3n \u0111\u1ed1i \u00fd t\u01b0\u1edfng v\u1ec1 m\u1ed9t s\u1ef1 s\u00e1p nh\u1eadp xuy\u00ean bi\u00ean gi\u1edbi gi\u1eefa UniCredit v\u00e0 Commerzbank, m\u1eb7c d\u00f9 Commerzbank \u0111ang r\u1ea5t c\u1ea7n m\u1ed9t h\u01b0\u1edbng \u0111i m\u1edbi. Li\u1ec7u h\u1ecd c\u00f3 cho ph\u00e9p Deutsche B\u00f6rse b\u1ecb qu\u1ea3n l\u00fd t\u1eeb Paris?<\/p>\n\n\n\n

N\u1ebfu c\u00e1c th\u00e0nh vi\u00ean H\u1ed9i \u0111\u1ed3ng Ch\u00e2u \u00c2u th\u1ef1c s\u1ef1 mu\u1ed1n c\u00f3 m\u1ed9t li\u00ean minh th\u1ecb tr\u01b0\u1eddng v\u1ed1n, h\u1ecd s\u1ebd c\u1ea7n \u0111\u1eb7t c\u00e1c m\u1ed1i quan t\u00e2m qu\u1ed1c gia sang m\u1ed9t b\u00ean v\u00e0 hy sinh ni\u1ec1m t\u1ef1 h\u00e0o c\u1ee7a m\u00ecnh. Nh\u1eefng th\u00e1ng t\u1edbi s\u1ebd cho th\u1ea5y m\u1ee9c \u0111\u1ed9 cam k\u1ebft c\u1ee7a h\u1ecd trong vi\u1ec7c kh\u00f4i ph\u1ee5c n\u0103ng l\u1ef1c c\u1ea1nh tranh c\u1ee7a Ch\u00e2u \u00c2u trong m\u1ed9t th\u1ebf gi\u1edbi m\u00e0 h\u1ecd ng\u00e0y c\u00e0ng t\u1ee5t l\u1ea1i ph\u00eda sau.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Howard Davies, ch\u1ee7 t\u1ecbch \u0111\u1ea7u ti\u00ean c\u1ee7a C\u01a1 quan D\u1ecbch v\u1ee5 T\u00e0i ch\u00ednh V\u01b0\u01a1ng qu\u1ed1c Anh (1997-2003), hi\u1ec7n l\u00e0 Ch\u1ee7 t\u1ecbch c\u1ee7a NatWest Group. \u00d4ng t\u1eebng l\u00e0 Gi\u00e1m \u0111\u1ed1c Tr\u01b0\u1eddng Kinh t\u1ebf London (2003-2011) v\u00e0 t\u1eebng gi\u1eef ch\u1ee9c Ph\u00f3 Th\u1ed1ng \u0111\u1ed1c Ng\u00e2n h\u00e0ng Anh c\u0169ng nh\u01b0 T\u1ed5ng Gi\u00e1m \u0111\u1ed1c Li\u00ean \u0111o\u00e0n C\u00f4ng nghi\u1ec7p Anh.<\/p>\n\n\n\n

Ngu\u1ed3n: Howard Davies, “The missing ingredient in European Competitiveness<\/a>“, Project Syndicate<\/em>, 26\/9\/2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nh\u1eefng th\u00e1ng t\u1edbi s\u1ebd cho th\u1ea5y m\u1ee9c \u0111\u1ed9 cam k\u1ebft c\u1ee7a c\u00e1c nh\u00e0 l\u00e3nh \u0111\u1ea1o Ch\u00e2u \u00c2u trong vi\u1ec7c kh\u00f4i ph\u1ee5c n\u0103ng l\u1ef1c c\u1ea1nh tranh kinh t\u1ebf trong m\u1ed9t th\u1ebf gi\u1edbi m\u00e0 h\u1ecd \u0111ang ng\u00e0y c\u00e0ng t\u1ee5t l\u1ea1i ph\u00eda sau. Li\u00ean minh Ch\u00e2u \u00c2u r\u1ea5t c\u1ea7n s\u1ef1 t\u00edch h\u1ee3p th\u1ecb tr\u01b0\u1eddng v\u1ed1n, v\u00e0 \u0111\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c \u0111i\u1ec1u \u0111\u00f3, nhi\u1ec1u qu\u1ed1c gia th\u00e0nh vi\u00ean s\u1ebd ph\u1ea3i hy sinh ni\u1ec1m t\u1ef1 h\u00e0o d\u00e2n t\u1ed9c c\u1ee7a m\u00ecnh.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,2,3,14,15],"tags":[78],"class_list":["post-659","post","type-post","status-publish","format-standard","hentry","category-chau-au","category-chinh-sach","category-chinh-tri","category-the-che","category-the-gioi","tag-howard-davies"],"_links":{"self":[{"href":"https:\/\/diendanduytan.com\/index.php?rest_route=\/wp\/v2\/posts\/659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diendanduytan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diendanduytan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diendanduytan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/diendanduytan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=659"}],"version-history":[{"count":0,"href":"https:\/\/diendanduytan.com\/index.php?rest_route=\/wp\/v2\/posts\/659\/revisions"}],"wp:attachment":[{"href":"https:\/\/diendanduytan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diendanduytan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diendanduytan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}