1月,国际金融市场呈现出令人乐观的走势,不仅欧洲央行第一轮LTRO的效应超出预期,而且还兼有美联储的“锦上添花”。1月的大部分时间中,虽然有标普和惠誉的降级举措,但第一轮LTRO注入的庞大流动性、对2月底第二轮LTRO的期待、ESM将提前至今年7月与EFSF并行,以及对希腊债务谈判的乐观预期等 In January, the international financial market showed an optimistic trend. Not only did the ECB’s first round of LTRO’s effect exceed expectations, but it also included the Fed’s “icing on the cake.” For the better part of January, despite the downgrade from Standard & Poor’s and Fitch, the huge liquidity of the first round of LTRO injection and the expectation of the second round of LTRO at the end of February will lead ESM ahead of the EFSF in July of this year , As well as optimistic expectations of the Greek debt negotiations