{"id":31035,"date":"2025-12-02T09:00:00","date_gmt":"2025-12-02T08:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=31035"},"modified":"2025-11-17T15:52:09","modified_gmt":"2025-11-17T14:52:09","slug":"ejemplo-islandia-espana-no-seguir","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/es\/magazine\/ejemplo-islandia-espana-no-seguir\/","title":{"rendered":"El ejemplo de Islandia que Espa\u00f1a no quiso seguir"},"content":{"rendered":"<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>El rescat del sistema bancari espanyol va requerir la injecci\u00f3 de m\u00e9s de cent mil milions d&#8217;euros, que no van servir per a revitalitzar l&#8217;economia. Era possible una altra f\u00f3rmula? La veritat \u00e9s que Isl\u00e0ndia va sortir enfortida de la gran crisi financera que va viure entre 2007 i 2009.<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Ara <\/span><b>fa deu anys de la decisi\u00f3 del Govern espanyol de prendre el control de Bankia<\/b><span style=\"font-weight: 400;\">, en aquell moment la quarta entitat financera m\u00e9s gran de l&#8217;Estat. Ho va fer convertint en accions un pr\u00e9stec de gaireb\u00e9 4.500 milions d&#8217;euros. L&#8217;entitat va acabar fusionant-se al 2020 amb CaixaBank, o sent absorbida per aquesta \u00faltima entitat, segons com es vulgui veure.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAqu\u00ed no hi ha un cost per als contribuents espanyols\u201d, deia Luis de Guindos, ministre d&#8217;Economia, durant els dies de la intervenci\u00f3. Per\u00f2 el que en principi no anava a tenir cost per a l&#8217;Estat <\/span><b>ha acabat amb una injecci\u00f3 de capital de m\u00e9s de 22.000 milions d&#8217;euros<\/b><span style=\"font-weight: 400;\">, tot i que potser s&#8217;acaba recuperant una part algun dia.<\/span><\/p>\n<p><b>Bankia \u00e9s una m\u00e9s de la llista d&#8217;entitats financeres rescatades per l&#8217;Estat espanyol arran de la crisi financera de 2008<\/b><span style=\"font-weight: 400;\">, que tamb\u00e9 va portar a la intervenci\u00f3 de Caja de Ahorros del Mediterr\u00e1neo, Banco de Valencia, CatalunyaCaixa, NovaCaixaGalicia, Unnim, Caja de Ahorros de Castilla-La Mancha, Cajasur, Banco Mare Nostrum, Banc CEISS, Banco Gallego, Banca C\u00edvica, Grupo Cajatres, Liberbank i Caja Rural Mota del Cuervo.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">En total, <\/span><b>el Tribunal de Comptes ha <\/b><a href=\"https:\/\/www.tcu.es\/repositorio\/f70f9850-facc-4b41-9732-41920adb202a\/I1341.pdf\" target=\"_blank\" rel=\"noopener\"><b>quantificat<\/b><\/a><b> en m\u00e9s de 122.000 milions els recursos destinats a la reestructuraci\u00f3 d&#8217;aquestes entitats<\/b><span style=\"font-weight: 400;\">, que han acabat absorbides pels grans bancs espanyols. El Fons de Reestructuraci\u00f3 Ordenada Banc\u00e0ria (FROB) va comprometre m\u00e9s de 77.000 milions d&#8217;euros; el Fons de Garantia de Dip\u00f2sits, m\u00e9s de 35.000 milions, i el Banc d&#8217;Espanya, gaireb\u00e9 10.000 milions.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Diners dif\u00edcils de recuperar<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">El Banc Central Europeu reconeixia en un <\/span><a href=\"https:\/\/www.ecb.europa.eu\/pub\/pdf\/ecbu\/eb201506.en.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">informe<\/span><\/a><span style=\"font-weight: 400;\"> elaborat al 2015 que <\/span><b>les injeccions de capital a la banca espanyola es van realitzar de manera que la devoluci\u00f3 dels diners p\u00fablics era inviable<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">En realitat,<\/span><b> es va tractar d&#8217;una esp\u00e8cie de regal de milers de milions al \u2018lobby\u2019 bancari<\/b><span style=\"font-weight: 400;\">. Molts t\u00edtols es van adquirir per un valor superior al real i era evident que una part important dels actius traspassats a la Societat de Gesti\u00f3 d&#8217;Actius Procedents de la Reestructuraci\u00f3 Banc\u00e0ria (Sareb) generarien p\u00e8rdues milion\u00e0ries a l&#8217;Estat. Segons <\/span><a href=\"https:\/\/www.bde.es\/f\/webbde\/Secciones\/Publicaciones\/OtrasPublicaciones\/Fich\/InformeCrisis_Completo_web.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">estimacions<\/span><\/a><span style=\"font-weight: 400;\"> del Banc d&#8217;Espanya, <\/span><b>la festa acabar\u00e0 costant al contribuent un m\u00ednim de 60.600 milions d&#8217;euros<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00c9s justificable aquest desemborsament p\u00fablic? Despr\u00e9s de l&#8217;experi\u00e8ncia de la Gran Depressi\u00f3 estatunidenca pel crac de 1929, en la qual la caiguda del sector financer va tenir un efecte demolidor en la resta de l&#8217;economia, <\/span><b>molts experts han defensat la conveni\u00e8ncia de rescatar als grans bancs<\/b><span style=\"font-weight: 400;\"> per a evitar el col\u00b7lapse econ\u00f2mic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">L&#8217;argument \u00e9s que per als contribuents resulta menys oner\u00f3s el rescat que les conseq\u00fc\u00e8ncies de la recessi\u00f3. Tot i aix\u00f2, no tots els pa\u00efsos han seguit l&#8217;ortod\u00f2xia acad\u00e8mica.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>La via islandesa<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">L&#8217;any 2000 Isl\u00e0ndia era un pa\u00eds de 300.000 habitants amb un PIB que no arribava als 10.000 milions d&#8217;euros. Per\u00f2 en pocs anys el seu sector bancari es va hipertrofiar gr\u00e0cies a suculents interessos que van atreure gran quantitat de dip\u00f2sits des d&#8217;altres pa\u00efsos.<\/span><\/p>\n<p><b>El boom de les seves entitats financeres va fer enlairar l\u2019economia del pa\u00eds<\/b><span style=\"font-weight: 400;\">, que m\u00e9s que va doblegar el seu PIB entre 2001 i 2007. El cr\u00e8dit flu\u00efa a l&#8217;illa com si d&#8217;un mann\u00e0 es tract\u00e9s i la corona islandesa es va disparar en el mercat de divises.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">No obstant aix\u00f2, <\/span><b>la fallida de Lehman Brothers al setembre de 2008 va punxar la bombolla islandesa<\/b><span style=\"font-weight: 400;\">. En pocs dies, les tres principals entitats financeres de l&#8217;illa (Glitnir, Landsbanki i Kaupthing) van declarar suspensi\u00f3 de pagaments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">En lloc d&#8217;injectar milers de milions en aquests bancs privats,<\/span><b> Isl\u00e0ndia els va deixar caure i va crear noves entitats per a gestionar les restes del naufragi<\/b><span style=\"font-weight: 400;\">. Despr\u00e9s de m\u00faltiples protestes, la dimissi\u00f3 d&#8217;un Govern i diversos refer\u00e8ndums, el pa\u00eds va decidir salvaguardar els dip\u00f2sits dels islandesos i va rebutjar fer-se c\u00e0rrec de l&#8217;enorme quantitat de dip\u00f2sits estrangers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00c9s cert que aquesta via no va sortir gratis als contribuents, ja que Isl\u00e0ndia va destinar un 20% del PIB a fer neteja del sector, segons <\/span><a href=\"https:\/\/rafhladan.is\/bitstream\/handle\/10802\/9623\/1061031e-2011.pdf?sequence=37\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">estimacions<\/span><\/a><span style=\"font-weight: 400;\"> de l&#8217;OCDE. Per\u00f2 <\/span><b>l&#8217;economia es va recuperar amb energia en els anys seg\u00fcents<\/b><span style=\"font-weight: 400;\">. Despr\u00e9s d&#8217;una caiguda de gaireb\u00e9 un 40 % entre 2007 i 2009, el PIB va tornar a remuntar i al 2017 ja superava els nivells previs a la crisi. Per contra, <\/span><b>Espanya mai ha tornat a igualar els nivells de 2008<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>11Onze \u00e9s la comunitat fintech de Catalunya. Obre un compte descarregant l&#8217;app El Canut per <\/b><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.e11onze.app&amp;utm_source=emailing&amp;utm_campaign=CANUT+launch\" target=\"_blank\" rel=\"noopener\"><b>Android<\/b><\/a><b> o <\/b><a href=\"https:\/\/apps.apple.com\/us\/app\/11onze\/id1566129237?utm_campaign=El+Canut\" target=\"_blank\" rel=\"noopener\"><b>iOS<\/b><\/a><b>. Uneix-te a la revoluci\u00f3!<\/b><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n<div class=\"component cards\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-xl-8 offset-xl-2\">\n        <h1>Si t&#8217;ha agradat aquesta not\u00edcia, et recomanem:<\/h1>\n        <div class=\"cards__wrapper\">\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/magazine\/11onze-check-bancs-rescatats-escuren-estat\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/01\/THUMBNAIL_CHECK1_ABC.png\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">11Check<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Bancs rescatats que escuren l\u2019Estat<\/strong><\/p>\n              <span class=\"card-time\">6min lectura<\/span>\n              <p class=\"card-text small\">Les pol\u00edtiques monet\u00e0ries del Banc Central Europeu&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/magazine\/11onze-check-banca-queixa-rao\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2021\/12\/11onze_check_THUMBNAIL_CHECK1.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">11Check<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>La banca es queixa. T\u00e9 ra\u00f3?<\/strong><\/p>\n              <span class=\"card-time\">6min lectura<\/span>\n              <p class=\"card-text small\">El 21 de juny de 2020 el Consell Europeu va aprovar un&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/magazine\/bancs-tradicionals-felicitats\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2021\/12\/HEROIMAGE_BANCS_TRADICIONALS_FELICITATS-800x400.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Finances<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Bancs tradicionals: felicitats!<\/strong><\/p>\n              <span class=\"card-time\">3min lectura<\/span>\n              <p class=\"card-text small\">El 4 de desembre se celebra el Dia Internacional dels&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n              <\/div>\n              <br>\n              <br>\n              <div class=\"cards__wrapper\">\n\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":71,"featured_media":31029,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"content-type":"","footnotes":""},"categories":[28],"tags":[174],"class_list":["post-31035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categorizar","tag-economia-es"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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