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:

1. ,
.
2. 60% ,
( Calvo).
3. ,
()
(), ECB ( ) (kfw
), .
(
, , ).
4.
,
.
.
ECB.
5. ,
.
, (
Thorben Maack).
6.
() / ESM.
ESM (
). .
7. - -
(start up) (
ECB) (
). .
8. ,
(. )
9. ,


, ( kfW
).
10. . ..
10.000 . .. 6.000
, 10.000-6.000 = 4.000 , ()
50%, 2.000 6.000+2.000=
8.000 . ()
.
11. (.. 15%)
- .
12. dumping ,

.
13. -
.
14. ,
.
15. ( ECB)
(. 14 21 ECB).
16. () ()
, , , ,
.
. ( ,
).
17. (, structural funds) ()
5-7 .
18. K ,
.
19. 2.5% 3
20. (,
Eurobills, Redemption funds).
21. ( )
).
22.
,
,

.

. ( ,
) ,
, .
,
.
23. - -
"".
. " ",
.
24. ,
-
.
. , , . 22210-62743 6980-4159243.

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