欧洲债务危机影响全球金融市场

European debt crisis affecting global financial market

2011年12月，国际清算银行（BIS）发布季度报告，指出欧债危机已成为影响全球金融市场的主要因素。文章结合这一报告从全球增长预期与货币政策应对、欧债主权债融资形势、欧洲银行融资及清偿力状况、全球溢出效应等多个视角系统而具体地回顾了2011年四季度以来欧债危机形势的演变及影响，以期为投资者分析与展望2012年全球金融市场前景提供参考。

The Bank for International Settlements （BIS） released a quarterly report in December 2011, setting out that European debt crisis had become a major factor affecting the global financial market. In the light of the report, this article gives a comprehensive overview of European debt crisis evolution and its impacts since the fourth quarter in 2011 from the perspectives of global economic growth expectation and monetary policy response, current situation of European sovereign debt financing, European bank financing and solvency, and global spillover effects, in order to provide references for investors to analyze and predict the global financial market in 2012.