{"id":10999,"date":"2025-10-13T15:23:58","date_gmt":"2025-10-13T12:23:58","guid":{"rendered":"https:\/\/oudensxolion.gr\/?p=10999"},"modified":"2025-10-13T15:23:58","modified_gmt":"2025-10-13T12:23:58","slug":"%ce%bf%cf%81%ce%b3%ce%ae-%ce%b3%ce%b9%ce%b1-%cf%84%ce%b7%ce%bd-%ce%b5%ce%be%ce%b1%cf%80%ce%ac%cf%84%ce%b7%cf%83%ce%b7-%ce%b7-%ce%b5%ce%ba%cf%84-%ce%ae%ce%b4%ce%b7-%cf%83%cf%8e%ce%b6%ce%b5","status":"publish","type":"post","link":"https:\/\/oudensxolion.gr\/?p=10999","title":{"rendered":"\u039f\u03c1\u03b3\u03ae \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03b5\u03be\u03b1\u03c0\u03ac\u03c4\u03b7\u03c3\u03b7 \u2013 \u0397 \u0395\u039a\u03a4 \u03ae\u03b4\u03b7 \u03c3\u03ce\u03b6\u03b5\u03b9 \u03ba\u03c1\u03c5\u03c6\u03ac \u03c4\u03b7 \u03c7\u03c1\u03b5\u03bf\u03ba\u03bf\u03c0\u03b7\u03bc\u03ad\u03bd\u03b7 \u0393\u03b1\u03bb\u03bb\u03af\u03b1 \u03b5\u03bd\u03ce \u03c0\u03ad\u03c4\u03b1\u03be\u03b5 \u03c4\u03b7\u03bd \u0395\u03bb\u03bb\u03ac\u03b4\u03b1 \u03c3\u03c4\u03b1 \u03c3\u03b1\u03b3\u03cc\u03bd\u03b9\u03b1 \u03c4\u03c9\u03bd \u03b1\u03b3\u03bf\u03c1\u03ce\u03bd"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u03a4\u03bf roll off \u03c3\u03c4\u03b1 \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u0395\u03c5\u03c1\u03c9\u03c0\u03b1\u03ca\u03ba\u03ae \u039a\u03b5\u03bd\u03c4\u03c1\u03b9\u03ba\u03ae \u03a4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1\u03c2, \u03b7 \u03b1\u03c0\u03ce\u03bb\u03b5\u03b9\u03b1 \u03c4\u03b7\u03c2 \u03b1\u03be\u03b9\u03bf\u03c0\u03b9\u03c3\u03c4\u03af\u03b1\u03c2 \u03c4\u03b7\u03c2 \u039a\u03b5\u03bd\u03c4\u03c1\u03b9\u03ba\u03ae\u03c2 \u03a4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1\u03c2 \u03ba\u03b1\u03b9 \u03b7 de facto \u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03b1\u03c4\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u0397&nbsp;<strong>\u0395\u03c5\u03c1\u03c9\u03c0\u03b1\u03ca\u03ba\u03ae \u039a\u03b5\u03bd\u03c4\u03c1\u03b9\u03ba\u03ae \u03a4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 (\u0395\u039a\u03a4)<\/strong>&nbsp;\u03ba\u03c5\u03c1\u03af\u03c9\u03c2 \u03bc\u03b5\u03c4\u03ac \u03c4\u03b7\u03bd \u03b5\u03bb\u03bb\u03b7\u03bd\u03b9\u03ba\u03ae \u03c0\u03b5\u03c1\u03b9\u03c0\u03ad\u03c4\u03b5\u03b9\u03b1&nbsp;<strong>\u03ad\u03c7\u03b5\u03b9 \u03bc\u03b1\u03ba\u03c1\u03ac \u03b9\u03c3\u03c4\u03bf\u03c1\u03af\u03b1 \u03c0\u03b1\u03c1\u03b5\u03bc\u03b2\u03ac\u03c3\u03b5\u03c9\u03bd \u03c3\u03c4\u03b9\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2 \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ce\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd<\/strong>&nbsp;\u03c0\u03c1\u03bf\u03ba\u03b5\u03b9\u03bc\u03ad\u03bd\u03bf\u03c5 \u03bd\u03b1 \u03c3\u03c5\u03b3\u03ba\u03c1\u03b1\u03c4\u03b5\u03af \u03c4\u03b9\u03c2 \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03b9\u03c2 \u03c3\u03b5 \u03c0\u03b5\u03c1\u03b9\u03cc\u03b4\u03bf\u03c5\u03c2 \u03b1\u03bd\u03b1\u03c4\u03b1\u03c1\u03b1\u03c7\u03ae\u03c2 \u03c3\u03c4\u03b7\u03bd \u03b1\u03b3\u03bf\u03c1\u03ac \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2.<br>\u0394<strong>\u03b5\u03bd \u03c0\u03c1\u03cc\u03ba\u03b5\u03b9\u03c4\u03b1\u03b9 \u03cc\u03bc\u03c9\u03c2 \u03b3\u03b9\u03b1 \u03ac\u03c3\u03ba\u03b7\u03c3\u03b7 \u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ae\u03c2 \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae\u03c2 \u03b1\u03bb\u03bb\u03ac \u03b3\u03b9\u03b1 \u03bc\u03b9\u03b1 \u03c0\u03b1\u03c1\u03ad\u03bc\u03b2\u03b1\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03b2\u03b1\u03b8\u03ad\u03bf\u03c2 \u03ba\u03c1\u03ac\u03c4\u03bf\u03c5\u03c2 \u03c4\u03c9\u03bd \u0392\u03c1\u03c5\u03be\u03b5\u03bb\u03bb\u03ce\u03bd.<\/strong><br>\u0397 \u03c0\u03b9\u03bf \u03c7\u03b1\u03c1\u03b1\u03ba\u03c4\u03b7\u03c1\u03b9\u03c3\u03c4\u03b9\u03ba\u03ae \u2014 \u03ba\u03b1\u03b9 \u03af\u03c3\u03c9\u03c2 \u03b7 \u03c0\u03b9\u03bf \u03b1\u03ba\u03c1\u03b1\u03af\u03b1 \u2014 \u03b1\u03c0\u03cc \u03b1\u03c5\u03c4\u03ad\u03c2 \u03c3\u03c5\u03bd\u03ad\u03b2\u03b7 \u03c4<strong>\u03bf\u03bd \u0399\u03bf\u03cd\u03bb\u03b9\u03bf \u03c4\u03bf\u03c5 2022<\/strong>, \u03cc\u03c4\u03b1\u03bd \u03bf \u03c3\u03c5\u03bd\u03b4\u03c5\u03b1\u03c3\u03bc\u03cc\u03c2 \u03c4\u03bf\u03c5&nbsp;<strong>\u03bc\u03b5\u03c4\u03b1-\u03c0\u03b1\u03bd\u03b4\u03b7\u03bc\u03b9\u03ba\u03bf\u03cd \u03c0\u03bb\u03b7\u03b8\u03c9\u03c1\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u03c4\u03b7\u03c2 \u03c0\u03b1\u03c1\u03b1\u03af\u03c4\u03b7\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5 Mario Draghi<\/strong>&nbsp;\u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03c0\u03c1\u03c9\u03b8\u03c5\u03c0\u03bf\u03c5\u03c1\u03b3\u03af\u03b1 \u03c4\u03b7\u03c2 \u0399\u03c4\u03b1\u03bb\u03af\u03b1\u03c2 \u03c0<strong>\u03c1\u03bf\u03ba\u03ac\u03bb\u03b5\u03c3\u03b1\u03bd \u03b1\u03c0\u03cc\u03c4\u03bf\u03bc\u03b7 \u03ac\u03bd\u03bf\u03b4\u03bf \u03c4\u03c9\u03bd \u03b9\u03c4\u03b1\u03bb\u03b9\u03ba\u03ce\u03bd \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03c9\u03bd<\/strong>&nbsp;\u03b5\u03be\u03b1\u03b9\u03c4\u03af\u03b1\u03c2 \u03c4\u03b7\u03c2 \u03b1\u03bd\u03cc\u03b4\u03bf\u03c5 \u03c4\u03bf\u03c5 \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03bf\u03cd \u03ba\u03b9\u03bd\u03b4\u03cd\u03bd\u03bf\u03c5.<br><strong>\u0397 \u03b1\u03b3\u03bf\u03c1\u03ac \u03b9\u03c4\u03b1\u03bb\u03b9\u03ba\u03bf\u03cd \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u0395\u039a\u03a4 \u03ae\u03c4\u03b1\u03bd \u03c4\u03cc\u03c3\u03bf \u03bc\u03b5\u03b3\u03ac\u03bb\u03b7, \u03ce\u03c3\u03c4\u03b5 \u03bf\u03c5\u03c3\u03b9\u03b1\u03c3\u03c4\u03b9\u03ba\u03ac \u03c4\u03bf \u03b5\u03be\u03b1\u03c6\u03ac\u03bd\u03b9\u03c3\u03b5 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03b1\u03b3\u03bf\u03c1\u03ac.<\/strong><br>\u03a0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1 \u03c5\u03c0\u03ae\u03c1\u03be\u03b1\u03bd \u03ba\u03b1\u03b9 \u03b4<strong>\u03b7\u03bc\u03cc\u03c3\u03b9\u03b5\u03c2 \u03c0\u03b1\u03c1\u03b5\u03bc\u03b2\u03ac\u03c3\u03b5\u03b9\u03c2 \u03cc\u03c3\u03bf\u03bd \u03b1\u03c6\u03bf\u03c1\u03ac \u03c4\u03b9\u03c2 \u03c3\u03c5\u03bd\u03b8\u03ae\u03ba\u03b5\u03c2 \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03bc\u03bf\u03cd<\/strong>: \u03c0\u03c1\u03b1\u03b3\u03bc\u03b1\u03c4\u03bf\u03c0\u03bf\u03b9\u03ae\u03b8\u03b7\u03ba\u03b5<strong>&nbsp;\u03ad\u03ba\u03c4\u03b1\u03ba\u03c4\u03b7 \u03c3\u03c5\u03bd\u03b5\u03b4\u03c1\u03af\u03b1\u03c3\u03b7 \u03c4\u03b7\u03c2 \u0395\u039a\u03a4 \u03ba<\/strong>\u03b1\u03b9 \u03c0\u03b1\u03c1\u03bf\u03c5\u03c3\u03b9\u03ac\u03c3\u03c4\u03b7\u03ba\u03b5 \u03c4\u03bf \u03bd\u03ad\u03bf \u03b5\u03c1\u03b3\u03b1\u03bb\u03b5\u03af\u03bf \u03ba\u03b1\u03c4\u03ac \u03c4\u03b7\u03c2 \u03ba\u03b1\u03c4\u03b1\u03ba\u03b5\u03c1\u03bc\u03b1\u03c4\u03b9\u03c3\u03bc\u03ad\u03bd\u03b7\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ac\u03c2 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2<strong>&nbsp;(Transmission Protection Instrument \u2013 TPI), \u03c4\u03bf \u03bf\u03c0\u03bf\u03af\u03bf \u03b8\u03b5\u03c3\u03bc\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b5 \u03c4\u03b7\u03bd \u03c0\u03b1\u03c1\u03ad\u03bc\u03b2\u03b1\u03c3\u03b7 \u03c4\u03b7\u03c2 \u0395\u039a\u03a4 \u03cc\u03c4\u03b1\u03bd \u03bf\u03b9 \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03b9\u03c2 \u03b1\u03c0\u03bf\u03ba\u03bb\u03af\u03bd\u03bf\u03c5\u03bd \u03b1\u03c0\u03cc \u03b1\u03c5\u03c4\u03cc \u03c0\u03bf\u03c5 \u03b7 \u03af\u03b4\u03b9\u03b1 \u03b8\u03b5\u03c9\u03c1\u03b5\u03af \u03b4\u03b9\u03ba\u03b1\u03b9\u03bf\u03bb\u03bf\u03b3\u03b7\u03bc\u03ad\u03bd\u03bf \u03cd\u03c8\u03bf\u03c2.<\/strong><br>\u039c\u03b5 \u03bb\u03af\u03b3\u03b1 \u03bb\u03cc\u03b3\u03b9\u03b1, \u03b7 \u0395\u039a\u03a4&nbsp;<strong>\u00ab\u03ad\u03c1\u03b9\u03be\u03b5 \u03cc\u03bb\u03b1 \u03c4\u03b1 \u03cc\u03c0\u03bb\u03b1&nbsp; \u03c3\u03c4\u03b7 \u03bc\u03ac\u03c7\u03b7\u00bb<\/strong>&nbsp;\u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u0399\u03c4\u03b1\u03bb\u03af\u03b1 \u03c4\u03bf 2022.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><img decoding=\"async\" src=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!BrqZ!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd06e3c83-389f-465c-b6ec-cac6cb121372_797x735.png\" alt=\"\"><br>\u039d\u03b1 \u03c3\u03b7\u03bc\u03b5\u03b9\u03c9\u03b8\u03b5\u03af \u03cc\u03c4\u03b9 \u03c4\u03bf T<strong>PI (Transmission Protection Instrument) \u03b5\u03af\u03bd\u03b1\u03b9 \u03c4\u03bf \u03b5\u03c1\u03b3\u03b1\u03bb\u03b5\u03af\u03bf \u03c0\u03bf\u03c5 \u03b5\u03b9\u03c3\u03ae\u03b3\u03b1\u03b3\u03b5 \u03b7 \u0395\u039a\u03a4 \u03c4\u03bf 2022 \u03ba\u03b1\u03b9 \u03c3\u03ba\u03bf\u03c0\u03cc\u03c2 \u03c4\u03bf\u03c5 \u03b5\u03af\u03bd\u03b1\u03b9 \u03bd\u03b1 \u03c0\u03c1\u03bf\u03c3\u03c4\u03b1\u03c4\u03b5\u03cd\u03b5\u03b9 \u03c4\u03b7\u03bd \u00ab\u03bf\u03bc\u03b1\u03bb\u03ae \u03bc\u03b5\u03c4\u03ac\u03b4\u03bf\u03c3\u03b7\u00bb \u03c4\u03b7\u03c2 \u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ae\u03c2 \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae\u03c2 \u03c3\u03c4\u03b7 \u03b4\u03b9\u03ac\u03bb\u03b5\u03ba\u03c4\u03bf \u03c4\u03c9\u03bd \u03c4\u03c1\u03b1\u03c0\u03b5\u03b6\u03b9\u03c4\u03ce\u03bd \u2014 \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03bd\u03b1 \u03b1\u03c0\u03bf\u03c4\u03c1\u03ad\u03c0\u03b5\u03b9 \u03bc\u03b5\u03b3\u03ac\u03bb\u03b5\u03c2 \u03b1\u03c0\u03bf\u03ba\u03bb\u03af\u03c3\u03b5\u03b9\u03c2 \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03c4\u03c9\u03bd \u03b5\u03c0\u03b9\u03c4\u03bf\u03ba\u03af\u03c9\u03bd \u03c4\u03c9\u03bd \u03c7\u03c9\u03c1\u03ce\u03bd \u03c4\u03b7\u03c2 \u0395\u03c5\u03c1\u03c9\u03b6\u03ce\u03bd\u03b7\u03c2.<\/strong><br>\u039c\u03b5 \u03c0\u03b9\u03bf \u03b1\u03c0\u03bb\u03ac \u03bb\u03cc\u03b3\u03b9\u03b1:<br>\u0391\u03bd \u03c4\u03bf \u03b5<strong>\u03c0\u03b9\u03c4\u03cc\u03ba\u03b9\u03bf \u03c4\u03c9\u03bd \u03b9\u03c4\u03b1\u03bb\u03b9\u03ba\u03ce\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd \u03b1\u03bd\u03ad\u03b2\u03b5\u03b9 \u03c0\u03bf\u03bb\u03cd \u03c0\u03b5\u03c1\u03b9\u03c3\u03c3\u03cc\u03c4\u03b5\u03c1\u03bf \u03b1\u03c0\u03cc \u03c4\u03c9\u03bd \u03b3\u03b5\u03c1\u03bc\u03b1\u03bd\u03b9\u03ba\u03ce\u03bd, \u03b7 \u0395\u039a\u03a4 \u03bc\u03c0\u03bf\u03c1\u03b5\u03af \u03bd\u03b1 \u03b1\u03b3\u03bf\u03c1\u03ac\u03c3\u03b5\u03b9 \u03b9\u03c4\u03b1\u03bb\u03b9\u03ba\u03ac \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03ce\u03c3\u03c4\u03b5 \u03bd\u03b1 \u00ab\u03ba\u03bb\u03b5\u03af\u03c3\u03b5\u03b9 \u03c4\u03b7\u03bd \u03c8\u03b1\u03bb\u03af\u03b4\u03b1\u00bb. .<\/strong><br>\u0391\u03c5\u03c4\u03cc \u03b5\u03af\u03bd\u03b1\u03b9<strong>&nbsp;\u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ac \u03c6\u03bf\u03c1\u03c4\u03b9\u03c3\u03bc\u03ad\u03bd\u03bf \u03b5\u03c1\u03b3\u03b1\u03bb\u03b5\u03af\u03bf,<\/strong>&nbsp;\u03b3\u03b9\u03b1\u03c4\u03af \u03b4\u03af\u03bd\u03b5\u03b9 \u03c3\u03c4\u03b7\u03bd \u0395\u039a\u03a4 \u03c4\u03b7 \u03b4\u03c5\u03bd\u03b1\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1 \u03bd\u03b1 \u03ba\u03b1\u03b8\u03bf\u03c1\u03af\u03b6\u03b5\u03b9 \u03c0\u03bf\u03b9\u03b5\u03c2 \u03c7\u03ce\u03c1\u03b5<strong>\u03c2 \u00ab\u03b1\u03be\u03af\u03b6\u03bf\u03c5\u03bd\u00bb \u03c0\u03c1\u03bf\u03c3\u03c4\u03b1\u03c3\u03af\u03b1 \u03ba\u03b1\u03b9 \u03c0\u03bf\u03b9\u03b5\u03c2 \u03cc\u03c7\u03b9<\/strong>&nbsp;\u2013 \u03bd\u03b1 \u03b8\u03c5\u03bc\u03b7\u03b8\u03bf\u03cd\u03bc\u03b5 \u03cc\u03c4\u03b9 \u03ad\u03bd\u03b1\u03c2 \u03c4\u03ad\u03c4\u03bf\u03b9\u03bf\u03c2 \u03bc\u03b7\u03c7\u03b1\u03bd\u03b9\u03c3\u03bc\u03cc\u03c2 \u03b4\u03b5\u03bd \u03b5\u03bd\u03b5\u03c1\u03b3\u03bf\u03c0\u03bf\u03b9\u03ae\u03b8\u03b7\u03ba\u03b5 \u03c0\u03bf\u03c4\u03ad \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u0395\u03bb\u03bb\u03ac\u03b4\u03b1.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0388\u03c4\u03c3\u03b9, \u03b7 \u0395\u039a\u03a4 \u03bc\u03b5\u03c4\u03b1\u03c4\u03c1\u03ad\u03c0\u03b5\u03c4\u03b1\u03b9 \u03b1\u03c0\u03cc&nbsp;<strong>\u03bf\u03c5\u03b4\u03ad\u03c4\u03b5\u03c1\u03b7 \u03ba\u03b5\u03bd\u03c4\u03c1\u03b9\u03ba\u03ae \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b1 \u03c3\u03b5 \u03b4\u03b9\u03b1\u03c7\u03b5\u03b9\u03c1\u03b9\u03c3\u03c4\u03ae \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ce\u03bd \u03ba\u03b9\u03bd\u03b4\u03cd\u03bd\u03c9\u03bd \u03ba\u03b1\u03c4\u03ac \u03c4\u03b7\u03bd \u03c0\u03c1\u03bf\u03c4\u03af\u03bc\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03b9\u03b5\u03c1\u03b1\u03c4\u03b5\u03af\u03bf\u03c5 \u03c4\u03c9\u03bd \u0392\u03c1\u03c5\u03be\u03b5\u03bb\u03bb\u03ce\u03bd.<\/strong><br>\u03a4\u03b7\u03bd \u03af\u03b4\u03b9\u03b1, \u03ce\u03c1\u03b1 \u03b7<strong>&nbsp;\u03b5\u03bd\u03b5\u03c1\u03b3\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7 \u03b1\u03c5\u03c4\u03bf\u03cd \u03c4\u03bf\u03c5 \u03b5\u03c1\u03b3\u03b1\u03bb\u03b5\u03af\u03bf\u03c5 \u03c3\u03b7\u03bc\u03b1\u03af\u03bd\u03b5\u03b9 \u03cc\u03c7\u03b9 \u03b2\u03ad\u03b2\u03b1\u03b9\u03b1 \u03c5\u03c0\u03b1\u03b3\u03c9\u03b3\u03ae\u03c2 \u03c3\u03b5 \u03b4\u03b9\u03b5\u03b8\u03bd\u03ae \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03cc \u03ad\u03bb\u03b5\u03b3\u03c7\u03bf<\/strong>, \u03cc\u03c0\u03c9\u03c2 \u03c3\u03c5\u03bd\u03ad\u03b2\u03b7 \u03c3\u03c4\u03b7\u03bd \u0395\u03bb\u03bb\u03ac\u03b4\u03b1, \u03b1<strong>\u03bb\u03bb\u03ac \u03b5\u03ba\u03c4\u03b5\u03c4\u03b1\u03bc\u03ad\u03bd\u03b1 \u03bc\u03ad\u03c4\u03c1\u03b1 \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae\u03c2 \u03c0\u03c1\u03bf\u03c3\u03b1\u03c1\u03bc\u03bf\u03b3\u03ae\u03c2.<\/strong><br>\u0395\u03af\u03bd\u03b1\u03b9 \u03b5\u03c6\u03b9\u03ba\u03c4\u03ae \u03b7 \u03b5\u03bd \u03c4\u03ad\u03bb\u03b5\u03b9 \u03b4\u03b9\u03ac\u03c3\u03c9\u03c3\u03b7 \u03bc\u03b9\u03b1\u03c2 \u03c7\u03c1\u03b5\u03bf\u03ba\u03bf\u03c0\u03b7\u03bc\u03ad\u03bd\u03b7\u03c2 \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03af\u03b1\u03c2; \u0391<strong>\u03c5\u03c4\u03cc \u03c0\u03bf\u03c5 \u03bc\u03ad\u03bd\u03b5\u03b9 \u03bd\u03b1 \u03b4\u03bf\u03cd\u03bc\u03b5 \u03b5\u03ac\u03bd \u03b5\u03af\u03bd\u03b1\u03b9 \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ac \u03b5\u03c6\u03b9\u03ba\u03c4\u03ae \u03b7 \u03b5\u03c6\u03b1\u03c1\u03bc\u03bf\u03b3\u03ae \u03c4\u03bf\u03c5\u03c2 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd \u03bf\u03c0\u03bf\u03b9\u03b1\u03b4\u03ae\u03c0\u03bf\u03c4\u03b5 \u03ba\u03c5\u03b2\u03ad\u03c1\u03bd\u03b7\u03c3\u03b7 \u03c0\u03c1\u03bf\u03ba\u03cd\u03c8\u03b5\u03b9, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03c3\u03cd\u03bc\u03c0\u03b1\u03c3\u03b1 \u03b7 \u03b1\u03bd\u03c4\u03b9\u03c0\u03bf\u03bb\u03af\u03c4\u03b5\u03c5\u03c3\u03b7 \u03b4\u03b5\u03bd \u03c6\u03b1\u03af\u03bd\u03b5\u03c4\u03b1\u03b9 \u03b4\u03b9\u03b1\u03c4\u03b5\u03b8\u03b5\u03b9\u03bc\u03ad\u03bd\u03b7 \u03c0\u03ad\u03c1\u03b1 \u03b1\u03c0\u03cc \u03ba\u03ac\u03c0\u03bf\u03b9\u03b5\u03c2 \u03c0\u03b1\u03c1\u03b1\u03c7\u03c9\u03c1\u03ae\u03c3\u03b5\u03b9\u03c2 \u03c3\u03c4\u03bf \u03c3\u03c5\u03bd\u03c4\u03b1\u03be\u03b9\u03bf\u03b4\u03bf\u03c4\u03b9\u03ba\u03cc \u03bd\u03b1 \u03b4\u03b5\u03c7\u03b8\u03b5\u03af \u03b2\u03b1\u03b8\u03b9\u03ad\u03c2 \u03c0\u03b5\u03c1\u03b9\u03ba\u03bf\u03c0\u03ad\u03c2 \u03c3\u03c4\u03b7 \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0397 \u03c0\u03c1\u03bf\u03b2\u03bb\u03b7\u03bc\u03b1\u03c4\u03b9\u03ba\u03ae \u03c0\u03b1\u03c1\u03ad\u03bc\u03b2\u03b1\u03c3\u03b7 \u03c4\u03b7\u03c2 \u0395\u039a\u03a4 \u03b4\u03b7\u03bc\u03b9\u03bf\u03c5\u03c1\u03b3\u03b5\u03af \u03bf\u03c5\u03c3\u03b9\u03ce\u03b4\u03b5\u03b9\u03c2 \u03c3\u03c4\u03c1\u03b5\u03b2\u03bb\u03ce\u03c3\u03b5\u03b9\u03c2<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u039c\u03b5\u03c4\u03ac \u03c4\u03bf \u03be\u03ad\u03c3\u03c0\u03b1\u03c3\u03bc\u03b1 \u03c4\u03b7\u03c2 \u03c0\u03b1\u03bd\u03b4\u03b7\u03bc\u03af\u03b1\u03c2 (COVID-19), \u03b7 Christine Lagarde \u03b5\u03b3\u03ba\u03b1\u03c4\u03ad\u03bb\u03b5\u03b9\u03c8\u03b5 \u03c0\u03c1\u03bf\u03c3\u03c9\u03c1\u03b9\u03bd\u03ac \u03c4\u03bf\u03bd \u03ba\u03b1\u03bd\u03cc\u03bd\u03b1 \u00abcapital key\u00bb \u03c3\u03c4\u03bf \u03c0\u03bb\u03b1\u03af\u03c3\u03b9\u03bf \u03c4\u03bf\u03c5 \u03c0\u03c1\u03bf\u03b3\u03c1\u03ac\u03bc\u03bc\u03b1\u03c4\u03bf\u03c2 Pandemic Emergency Purchase Programme (PEPP).<br>\u0391<strong>\u03c5\u03c4\u03cc \u03c3\u03ae\u03bc\u03b1\u03b9\u03bd\u03b5 \u03cc\u03c4\u03b9 \u03b7 \u0395\u039a\u03a4 \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03c3\u03b5 \u03bd\u03b1 \u03b1\u03b3\u03bf\u03c1\u03ac\u03b6\u03b5\u03b9 \u03c0\u03b5\u03c1\u03b9\u03c3\u03c3\u03cc\u03c4\u03b5\u03c1\u03b1 \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03b1\u03c0\u03cc \u03c7\u03ce\u03c1\u03b5\u03c2 \u03bc\u03b5 \u03c5\u03c8\u03b7\u03bb\u03cc \u03c7\u03c1\u03ad\u03bf\u03c2, \u03cc\u03c0\u03c9\u03c2:<\/strong><br><strong>\u2022 \u03b7 \u0399\u03c4\u03b1\u03bb\u03af\u03b1,<\/strong><br><strong>\u2022 \u03b7 \u0399\u03c3\u03c0\u03b1\u03bd\u03af\u03b1,<\/strong><br><strong>\u2022 \u03ba\u03b1\u03b9 \u03c4\u03ce\u03c1\u03b1 \u03b7 \u0393\u03b1\u03bb\u03bb\u03af\u03b1.<\/strong><br><strong>\u039f \u03c3\u03ba\u03bf\u03c0\u03cc\u03c2 \u03ae\u03c4\u03b1\u03bd \u03bd\u03b1 \u03b1\u03c0\u03bf\u03c6\u03b5\u03c5\u03c7\u03b8\u03b5\u03af \u03bc\u03b9\u03b1 \u03b1\u03c0\u03cc\u03c4\u03bf\u03bc\u03b7 \u03ac\u03bd\u03bf\u03b4\u03bf\u03c2 \u03c4\u03c9\u03bd \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03c9\u03bd \u03c4\u03c9\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd \u03c4\u03bf\u03c5\u03c2 \u2014 \u03ba\u03ac\u03c4\u03b9 \u03c0\u03bf\u03c5 \u03b8\u03b1 \u03b1\u03cd\u03be\u03b1\u03bd\u03b5 \u03c4\u03bf \u03ba\u03cc\u03c3\u03c4\u03bf\u03c2 \u03b4\u03b1\u03bd\u03b5\u03b9\u03c3\u03bc\u03bf\u03cd \u03ba\u03b1\u03b9 \u03b8\u03b1 \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03c3\u03b5 \u03bd\u03b1 \u03c0\u03c1\u03bf\u03ba\u03b1\u03bb\u03ad\u03c3\u03b5\u03b9 \u03ba\u03c1\u03af\u03c3\u03b7 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2.<\/strong><br>\u0391\u03c5\u03c4\u03ae \u03b7 \u03c0\u03c1\u03b1\u03ba\u03c4\u03b9\u03ba\u03ae:<br>\u2022 \u03b4\u03b9\u03b1\u03c3\u03c4\u03c1\u03b5\u03b2\u03bb\u03ce\u03bd\u03b5\u03b9 \u03c4\u03b7\u03bd \u03b1\u03b3\u03bf\u03c1\u03ac,<br>\u2022 \u03bc\u03b5\u03b9\u03ce\u03bd\u03b5\u03b9 \u03c4\u03b7\u03bd \u03c0\u03af\u03b5\u03c3\u03b7 \u03b3\u03b9\u03b1 \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03c0\u03b5\u03b9\u03b8\u03b1\u03c1\u03c7\u03af\u03b1,<br>\u2022 \u03ba\u03b1\u03b9 \u03c4\u03b5\u03bb\u03b9\u03ba\u03ac \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03bf\u03c0\u03bf\u03b9\u03b5\u03af \u03c4\u03b7 \u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ae \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae.<br>\u0391\u03c5\u03c4\u03cc \u03c4\u03bf \u03b5\u03af\u03b4\u03bf\u03c2 \u03c0\u03b1\u03c1\u03ad\u03bc\u03b2\u03b1\u03c3\u03b7\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03b5\u03be\u03b1\u03b9\u03c1\u03b5\u03c4\u03b9\u03ba\u03ac \u03c0\u03c1\u03bf\u03b2\u03bb\u03b7\u03bc\u03b1\u03c4\u03b9\u03ba\u03cc \u03b3\u03b9\u03b1 \u03c0\u03bf\u03bb\u03bb\u03bf\u03cd\u03c2 \u03bb\u03cc\u03b3\u03bf\u03c5\u03c2.<br>\u0394<strong>\u03b7\u03bc\u03b9\u03bf\u03c5\u03c1\u03b3\u03b5\u03af \u03c4\u03b7\u03bd \u03c0\u03c1\u03bf\u03c3\u03b4\u03bf\u03ba\u03af\u03b1, \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03c4\u03c9\u03bd \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ce\u03bd, \u03cc\u03c4\u03b9 \u03b7 \u0395\u039a\u03a4 \u03b8\u03b1 \u03b2\u03c1\u03af\u03c3\u03ba\u03b5\u03c4\u03b1\u03b9 \u03c0\u03ac\u03bd\u03c4\u03b1 \u03b5\u03ba\u03b5\u03af \u03b3\u03b9\u03b1 \u03bd\u03b1 \u03c4\u03bf\u03c5\u03c2 \u03b4\u03b9\u03b1\u03c3\u03ce\u03c3\u03b5\u03b9 \u03c3\u03b5 \u03c0\u03b5\u03c1\u03b9\u03cc\u03b4\u03bf\u03c5\u03c2 \u03ba\u03c1\u03af\u03c3\u03b7\u03c2 \u2014 \u03bc\u03b5\u03b9\u03ce\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03ad\u03c4\u03c3\u03b9 \u03c4\u03b7\u03bd \u03c0\u03af\u03b5\u03c3\u03b7 \u03bd\u03b1 \u03bc\u03b5\u03b9\u03ce\u03c3\u03bf\u03c5\u03bd \u03c4\u03bf \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03bf \u03c7\u03c1\u03ad\u03bf\u03c2.<\/strong><br><strong>\u03a0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1, \u03c0\u03c1\u03bf\u03ba\u03b1\u03bb\u03b5\u03af \u03b5\u03c6\u03b7\u03c3\u03c5\u03c7\u03b1\u03c3\u03bc\u03cc \u03c3\u03c4\u03b9\u03c2 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03c0\u03b9\u03c3\u03c4\u03c9\u03c4\u03b9\u03ba\u03ad\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2, \u03ba\u03b1\u03b8\u03ce\u03c2 \u03b1\u03c1\u03c7\u03af\u03b6\u03bf\u03c5\u03bd \u03ba\u03b1\u03b9 \u03b1\u03c5\u03c4\u03ad\u03c2 \u03bd\u03b1 \u03c0\u03b9\u03c3\u03c4\u03b5\u03cd\u03bf\u03c5\u03bd \u03cc\u03c4\u03b9 \u03c5\u03c0\u03ac\u03c1\u03c7\u03b5\u03b9 \u03ad\u03bd\u03b1 \u00ab\u03b4\u03af\u03c7\u03c4\u03c5 \u03b1\u03c3\u03c6\u03b1\u03bb\u03b5\u03af\u03b1\u03c2\u00bb \u03c4\u03b7\u03c2 \u0395\u039a\u03a4 (\u03c4\u03bf \u03bb\u03b5\u03b3\u03cc\u03bc\u03b5\u03bd\u03bf ECB put).<\/strong><br>\u038a\u03c3\u03c9\u03c2 \u03c4\u03bf \u03c0\u03b9\u03bf \u03c3\u03b7\u03bc\u03b1\u03bd\u03c4\u03b9\u03ba\u03cc, \u03cc\u03bc\u03c9\u03c2, \u03b5\u03af\u03bd\u03b1\u03b9 \u03cc\u03c4\u03b9 \u03b1\u03c5\u03c4\u03ad\u03c2 \u03bf\u03b9&nbsp;<strong>\u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ad\u03c2 \u03c0\u03c1\u03b1\u03ba\u03c4\u03b9\u03ba\u03ad\u03c2 \u03ad\u03c7\u03bf\u03c5\u03bd \u03c4\u03bf \u03c7\u03b1\u03c1\u03b1\u03ba\u03c4\u03ae\u03c1\u03b1 \u03bc\u03b9\u03b1\u03c2 \u03ac\u03bc\u03b5\u03c3\u03b7\u03c2 \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae\u03c2 \u03c0\u03b1\u03c1\u03ad\u03bc\u03b2\u03b1\u03c3\u03b7\u03c2<\/strong>&nbsp;.<br>\u03a4\u03b1 \u03b1\u03bd\u03ce\u03c4\u03b1\u03c4\u03b1 \u03cc\u03c1\u03b9\u03b1 \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03c9\u03bd \u03c0\u03bf\u03c5 \u03ad\u03b8\u03b5\u03c3\u03b5 \u03b7 \u0395\u039a\u03a4 \u03c4\u03bf\u03bd \u0399\u03bf\u03cd\u03bb\u03b9\u03bf \u03c4\u03bf\u03c5 2022 \u03b2\u03bf\u03ae\u03b8\u03b7\u03c3\u03b1\u03bd \u03c4\u03b7\u03bd Giorgia Meloni \u03bd\u03b1 \u03b5\u03ba\u03bb\u03b5\u03b3\u03b5\u03af, \u03b1\u03c0\u03bf\u03c4\u03c1\u03ad\u03c0\u03bf\u03bd\u03c4\u03b1\u03c2 \u03bc\u03b9\u03b1 \u03b5\u03ba\u03c4\u03cc\u03be\u03b5\u03c5\u03c3\u03b7 \u03c4\u03c9\u03bd \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03c9\u03bd \u03c0\u03bf\u03c5 \u03b8\u03b1 \u03b5\u03af\u03c7\u03b5 \u03c0\u03bb\u03ae\u03be\u03b5\u03b9 \u03c3\u03bf\u03b2\u03b1\u03c1\u03ac \u03c4\u03b7\u03bd \u03c0\u03c1\u03bf\u03b5\u03ba\u03bb\u03bf\u03b3\u03b9\u03ba\u03ae \u03c4\u03b7\u03c2 \u03b4\u03c5\u03bd\u03b1\u03bc\u03b9\u03ba\u03ae.<br>\u039a\u03ac\u03c4\u03b9 \u03c0\u03b1\u03c1\u03cc\u03bc\u03bf\u03b9\u03bf \u03c6\u03b1\u03af\u03bd\u03b5\u03c4\u03b1\u03b9 \u03bd\u03b1 \u03c3\u03c5\u03bc\u03b2\u03b1\u03af\u03bd\u03b5\u03b9 \u03c4\u03ce\u03c1\u03b1 \u03ba\u03b1\u03b9 \u03bc\u03b5 \u03c4\u03b7 \u0393\u03b1\u03bb\u03bb\u03af\u03b1.<br><strong>\u03a4\u03b1 \u03b3\u03b1\u03bb\u03bb\u03b9\u03ba\u03ac \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ac \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03ad\u03c7\u03bf\u03c5\u03bd \u03c0\u03ac\u03c8\u03b5\u03b9 \u03bd\u03b1 \u03b3\u03af\u03bd\u03bf\u03bd\u03c4\u03b1\u03b9 roll off \u03bd\u03b1 \u03c4\u03af\u03b8\u03b5\u03bd\u03c4\u03b1\u03b9 \u03b5\u03ba\u03c4\u03cc\u03c2 \u03c4\u03bf\u03c5 \u03b9\u03c3\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03bf\u03cd \u03c4\u03b7\u03c2 \u0395\u039a\u03a4 \u03b1\u03c0\u03cc \u03c4\u03bf\u03bd \u0399\u03bf\u03cd\u03bd\u03b9\u03bf \u03ad\u03c9\u03c2 \u03c4\u03bf \u03a3\u03b5\u03c0\u03c4\u03ad\u03bc\u03b2\u03c1\u03b9\u03bf.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1. Roll-off \u2013 \u03a4\u03b9 \u03c3\u03b7\u03bc\u03b1\u03af\u03bd\u03b5\u03b9 \u03ba\u03b1\u03b9 \u03b3\u03b9\u03b1\u03c4\u03af \u03ad\u03c7\u03b5\u03b9 \u03c3\u03b7\u03bc\u03b1\u03c3\u03af\u03b1<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Roll-off \u03b5\u03af\u03bd\u03b1\u03b9 \u03bf \u03c4\u03b5\u03c7\u03bd\u03b9\u03ba\u03cc\u03c2 \u03cc\u03c1\u03bf\u03c2 \u03c0\u03bf\u03c5 \u03c7\u03c1\u03b7\u03c3\u03b9\u03bc\u03bf\u03c0\u03bf\u03b9\u03b5\u03af\u03c4\u03b1\u03b9 \u03b3\u03b9\u03b1 \u03bd\u03b1 \u03c0\u03b5\u03c1\u03b9\u03b3\u03c1\u03ac\u03c8\u03b5\u03b9 \u03c4<strong>\u03b7 \u03bc\u03b7 \u03b5\u03c0\u03b1\u03bd\u03b5\u03c0\u03ad\u03bd\u03b4\u03c5\u03c3\u03b7 \u03c4\u03c9\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd \u03c0\u03bf\u03c5 \u03bb\u03ae\u03b3\u03bf\u03c5\u03bd.<\/strong><br>\u0394\u03b7\u03bb\u03b1\u03b4\u03ae: \u03cc\u03c4\u03b1\u03bd \u03ad\u03bd\u03b1&nbsp;<strong>\u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03cc \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03bf<\/strong>&nbsp;\u03c0\u03bf\u03c5 \u03ba\u03b1\u03c4\u03ad\u03c7\u03b5\u03b9 \u03b7 \u0395\u039a\u03a4&nbsp;<strong>\u03c9\u03c1\u03b9\u03bc\u03ac\u03b6\u03b5\u03b9<\/strong>&nbsp;\u03ba\u03b1\u03b9 \u03b5\u03be\u03bf\u03c6\u03bb\u03b5\u03af\u03c4\u03b1\u03b9, \u03b7 \u0395\u039a\u03a4 \u03ad\u03c7\u03b5\u03b9 \u03b4\u03cd\u03bf \u03b5\u03c0\u03b9\u03bb\u03bf\u03b3\u03ad\u03c2:<br>\u2022 \u039d<strong>\u03b1 \u03b1\u03c6\u03ae\u03c3\u03b5\u03b9 \u03c4\u03bf \u03c0\u03bf\u03c3\u03cc \u03bd\u03b1 \u00ab\u03ba\u03c5\u03bb\u03ae\u03c3\u03b5\u03b9\u00bb \u03b5\u03ba\u03c4\u03cc\u03c2 \u03b9\u03c3\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03bf\u03cd (roll off)<\/strong>&nbsp;\u2013&nbsp;<strong>\u03bc\u03b5\u03b9\u03ce\u03bd\u03b5\u03b9 \u03c4\u03bf \u03b5\u03bd\u03b5\u03c1\u03b3\u03b7\u03c4\u03b9\u03ba\u03cc \u03c4\u03b7\u03c2, \u03c3\u03c5\u03c1\u03c1\u03b9\u03ba\u03bd\u03ce\u03bd\u03b5\u03b9 \u03c4\u03b7 \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1 \u03ba\u03b1\u03b9 \u03b1\u03c5\u03be\u03ac\u03bd\u03b5\u03b9 \u03c4\u03b9\u03c2 \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03b9\u03c2.<\/strong><br>\u2022 \u039d\u03b1 \u03b5<strong>\u03c0\u03b1\u03bd\u03b5\u03c0\u03b5\u03bd\u03b4\u03cd\u03c3\u03b5\u03b9 \u03c4\u03b1 \u03ad\u03c3\u03bf\u03b4\u03b1 (reinvest<\/strong>) \u03b1\u03b3\u03bf\u03c1\u03ac\u03b6\u03bf\u03bd\u03c4\u03b1\u03c2 \u03bd\u03ad\u03bf \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03bf \u2013 \u03b4<strong>\u03b9\u03b1\u03c4\u03b7\u03c1\u03b5\u03af \u03ae \u03b1\u03c5\u03be\u03ac\u03bd\u03b5\u03b9 \u03c4\u03b7 \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1, \u03c3\u03c5\u03b3\u03ba\u03c1\u03b1\u03c4\u03b5\u03af \u03c4\u03b9\u03c2 \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03b9\u03c2.<\/strong><br>\u038c\u03c4\u03b1\u03bd \u03b7 \u0395\u039a\u03a4 \u03b5\u03c0\u03b9\u03c4\u03c1\u03ad\u03c0\u03b5\u03b9<strong>&nbsp;\u03c4\u03bf roll-off,<\/strong>&nbsp;\u03bc\u03b5\u03b9\u03ce\u03bd\u03b5\u03b9 \u03c4\u03b7 \u03b6\u03ae\u03c4\u03b7\u03c3\u03b7 \u03b3\u03b9\u03b1 \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ac \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1&nbsp;<strong>\u2013 \u03bf\u03b9 \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03b9\u03c2 \u03b1\u03bd\u03b5\u03b2\u03b1\u03af\u03bd\u03bf\u03c5\u03bd.<\/strong><br>\u038c\u03c4\u03b1\u03bd&nbsp;<strong>\u03b5\u03c0\u03b1\u03bd\u03b5\u03c0\u03b5\u03bd\u03b4\u03cd\u03b5\u03b9 (reinvestment)<\/strong>, \u03b1\u03c5\u03be\u03ac\u03bd\u03b5\u03b9 \u03c4\u03b7 \u03b6\u03ae\u03c4\u03b7\u03c3\u03b7 \u2013&nbsp;<strong>\u03bf\u03b9 \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03b9\u03c2 \u03c0\u03ad\u03c6\u03c4\u03bf\u03c5\u03bd.<\/strong><br>\u0386\u03c1\u03b1, \u03c4\u03bf \u03b3\u03b5\u03b3\u03bf\u03bd\u03cc\u03c2 \u03cc\u03c4\u03b9 \u03b7<strong>&nbsp;\u0395\u039a\u03a4 \u03c3\u03c4\u03b1\u03bc\u03ac\u03c4\u03b7\u03c3\u03b5 \u03bd\u03b1 \u03b1\u03c6\u03ae\u03bd\u03b5\u03b9 \u03bd\u03b1 \u03bb\u03ae\u03b3\u03bf\u03c5\u03bd \u03c4\u03b1 \u03b3\u03b1\u03bb\u03bb\u03b9\u03ba\u03ac \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03c3\u03b7\u03bc\u03b1\u03af\u03bd\u03b5\u03b9 \u03cc\u03c4\u03b9 \u03c0\u03b1\u03c1\u03b5\u03bd\u03ad\u03b2\u03b7 \u03b5\u03bd\u03b5\u03c1\u03b3\u03ac \u03b3\u03b9\u03b1 \u03bd\u03b1 \u03c3\u03c4\u03b7\u03c1\u03af\u03be\u03b5\u03b9 \u03c4\u03b7 \u0393\u03b1\u03bb\u03bb\u03af\u03b1.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2. Reinvestment \u2013 \u039c\u03b9\u03b1 \u00ab\u03c3\u03b9\u03c9\u03c0\u03b7\u03c1\u03ae\u00bb \u03bc\u03bf\u03c1\u03c6\u03ae \u03c0\u03bf\u03c3\u03bf\u03c4\u03b9\u03ba\u03ae\u03c2 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7\u03c2<br><\/strong><br>\u0397&nbsp;<strong>\u03b5\u03c0\u03b1\u03bd\u03b5\u03c0\u03ad\u03bd\u03b4\u03c5\u03c3\u03b7 (reinvestment<\/strong>) \u03b8\u03b5\u03c9\u03c1\u03b5\u03af\u03c4\u03b1\u03b9 \u03c4<strong>\u03b5\u03c7\u03bd\u03b9\u03ba\u03ac \u201c\u03bf\u03c5\u03b4\u03ad\u03c4\u03b5\u03c1\u03b7\u201d \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae,<\/strong>&nbsp;\u03b3\u03b9\u03b1\u03c4\u03af \u03b7 \u0395\u039a\u03a4 \u03c5\u03c0\u03bf\u03c4\u03af\u03b8\u03b5\u03c4\u03b1\u03b9 \u03cc\u03c4\u03b9&nbsp;<strong>\u03b4\u03b9\u03b1\u03c4\u03b7\u03c1\u03b5\u03af \u03c4\u03bf \u03bc\u03ad\u03b3\u03b5\u03b8\u03bf\u03c2 \u03c4\u03bf\u03c5 \u03b9\u03c3\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03bf\u03cd \u03c4\u03b7\u03c2 \u03c3\u03c4\u03b1\u03b8\u03b5\u03c1\u03cc.<\/strong><br>\u038c\u03bc\u03c9\u03c2 \u03c3\u03c4\u03b7\u03bd \u03c0\u03c1\u03ac\u03be\u03b7,&nbsp;<strong>\u03cc\u03c4\u03b1\u03bd \u03b7 \u0395\u039a\u03a4 \u03b5\u03c0\u03b9\u03bb\u03ad\u03b3\u03b5\u03b9 \u03c3\u03b5 \u03c0\u03bf\u03b9\u03b1 \u03c7\u03ce\u03c1\u03b1 \u03b8\u03b1 \u03b5\u03c0\u03b1\u03bd\u03b5\u03c0\u03b5\u03bd\u03b4\u03cd\u03c3\u03b5\u03b9, \u03c4\u03cc\u03c4\u03b5 \u03ba\u03ac\u03bd\u03b5\u03b9 \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae \u03b5\u03c0\u03b9\u03bb\u03bf\u03b3\u03ae<\/strong>.<br>\u03a0\u03b1\u03c1\u03ac\u03b4\u03b5\u03b9\u03b3\u03bc\u03b1: \u0391\u03bd \u03bb\u03ae\u03b3\u03bf\u03c5\u03bd \u03c4\u03b1\u03c5\u03c4\u03cc\u03c7\u03c1\u03bf\u03bd\u03b1 \u03b3\u03b5\u03c1\u03bc\u03b1\u03bd\u03b9\u03ba\u03ac \u03ba\u03b1\u03b9 \u03b3\u03b1\u03bb\u03bb\u03b9\u03ba\u03ac \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03ba\u03b1\u03b9 \u03b7 \u0395\u039a\u03a4 \u03b1\u03c0\u03bf\u03c6\u03b1\u03c3\u03af\u03b6\u03b5\u03b9 \u03bd\u03b1 \u03b5\u03c0\u03b1\u03bd\u03b5\u03c0\u03b5\u03bd\u03b4\u03cd\u03c3\u03b5\u03b9 \u03bc\u03cc\u03bd\u03bf \u03c3\u03c4\u03b1 \u03b3\u03b1\u03bb\u03bb\u03b9\u03ba\u03ac, \u03c4\u03cc\u03c4\u03b5:<br>\u2022 \u03b2\u03bf\u03b7\u03b8\u03ac \u03c4\u03b7 \u0393\u03b1\u03bb\u03bb\u03af\u03b1 \u03bd\u03b1 \u03ba\u03c1\u03b1\u03c4\u03ae\u03c3\u03b5\u03b9 \u03c7\u03b1\u03bc\u03b7\u03bb\u03ad\u03c2 \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03b9\u03c2,<br>\u2022 \u03b5\u03bd\u03ce \u03c3\u03c4\u03b5\u03c1\u03b5\u03af \u03c1\u03b5\u03c5\u03c3\u03c4\u03cc\u03c4\u03b7\u03c4\u03b1 \u03b1\u03c0\u03cc \u03c4\u03b7 \u0393\u03b5\u03c1\u03bc\u03b1\u03bd\u03af\u03b1.<br>\u0386\u03c1\u03b1, \u03b1\u03ba\u03cc\u03bc\u03b7 \u03ba<strong>\u03b9 \u03b1\u03bd \u03bf \u03b9\u03c3\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03cc\u03c2 \u03c4\u03b7\u03c2 \u0395\u039a\u03a4 \u03b4\u03b5\u03bd \u03b1\u03bb\u03bb\u03ac\u03b6\u03b5\u03b9, \u03b7 \u03b3\u03b5\u03c9\u03b3\u03c1\u03b1\u03c6\u03b9\u03ba\u03ae \u03ba\u03b1\u03c4\u03b1\u03bd\u03bf\u03bc\u03ae \u03c4\u03c9\u03bd \u03b1\u03b3\u03bf\u03c1\u03ce\u03bd \u03ad\u03c7\u03b5\u03b9 \u03c4\u03b5\u03c1\u03ac\u03c3\u03c4\u03b9\u03b1 \u03c3\u03b7\u03bc\u03b1\u03c3\u03af\u03b1 \u2014 \u03b5\u03af\u03bd\u03b1\u03b9 de facto \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae \u03c0\u03b1\u03c1\u03ad\u03bc\u03b2\u03b1\u03c3\u03b7.<\/strong><br>\u0398\u03b5\u03c9\u03c1\u03b7\u03c4\u03b9\u03ba\u03ac, \u03b1\u03c5\u03c4\u03cc \u03b8\u03b1 \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03c3\u03b5 \u03bd\u03b1 \u03b5\u03be\u03b7\u03b3\u03b7\u03b8\u03b5\u03af \u03b1\u03c0\u03cc \u03c4\u03bf \u03b3\u03b5\u03b3\u03bf\u03bd\u03cc\u03c2&nbsp;<strong>\u03cc\u03c4\u03b9 \u03b4\u03b5\u03bd \u03c5\u03c0\u03ac\u03c1\u03c7\u03bf\u03c5\u03bd \u03b1\u03c5\u03c4\u03ae \u03c4\u03b7 \u03c3\u03c4\u03b9\u03b3\u03bc\u03ae \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03c0\u03bf\u03c5 \u03bd\u03b1 \u03bb\u03ae\u03b3\u03bf\u03c5\u03bd.<\/strong><br>\u03a9\u03c3\u03c4\u03cc\u03c3\u03bf, \u03b1\u03c5\u03c4\u03ae \u03b7 \u03b5\u03be\u03ae\u03b3\u03b7\u03c3\u03b7 \u03b5\u03af\u03bd\u03b1\u03b9 \u03b5\u03be\u03b1\u03b9\u03c1\u03b5\u03c4\u03b9\u03ba\u03ac \u03b1\u03c0\u03af\u03b8\u03b1\u03bd\u03b7.<br>\u03a0\u03b9\u03bf \u03c0\u03b9\u03b8\u03b1\u03bd\u03cc \u03b5\u03af\u03bd\u03b1\u03b9 \u03cc\u03c4\u03b9&nbsp;<strong>\u03b7 \u0395\u039a\u03a4 \u03b1\u03c3\u03ba\u03b5\u03af \u03c4\u03b7 \u03b4\u03b9\u03b1\u03ba\u03c1\u03b9\u03c4\u03b9\u03ba\u03ae \u03c4\u03b7\u03c2 \u03b5\u03c5\u03c7\u03ad\u03c1\u03b5\u03b9\u03b1 \u03b3\u03b9\u03b1 \u03bd\u03b1 \u03b5\u03c0\u03b1\u03bd\u03b5\u03c0\u03b5\u03bd\u03b4\u03cd\u03b5\u03b9 \u03c4\u03b1 \u03ad\u03c3\u03bf\u03b4\u03b1 \u03b1\u03c0\u03cc \u03c4\u03b1 \u03b3\u03b1\u03bb\u03bb\u03b9\u03ba\u03ac \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03c0\u03bf\u03c5 \u03c9\u03c1\u03b9\u03bc\u03ac\u03b6\u03bf\u03c5\u03bd, \u03b1\u03bd\u03c4\u03af \u03bd\u03b1 \u03c4\u03b1 \u03b1\u03c6\u03ae\u03bd\u03b5\u03b9 \u03bd\u03b1 \u03b1\u03c0\u03bf\u03c3\u03b2\u03b5\u03c3\u03c4\u03bf\u03cd\u03bd.<\/strong><br><strong>\u0394\u03b5\u03bd \u03b5\u03af\u03bd\u03b1\u03b9 \u03b1\u03c0\u03bf\u03bb\u03cd\u03c4\u03c9\u03c2 \u03b3\u03bd\u03c9\u03c3\u03c4\u03cc\u03c2 \u03bf \u03b2\u03b1\u03b8\u03bc\u03cc\u03c2 \u03c3\u03c4\u03bf\u03bd \u03bf\u03c0\u03bf\u03af\u03bf \u03c3\u03c5\u03bc\u03b2\u03b1\u03af\u03bd\u03b5\u03b9 \u03b1\u03c5\u03c4\u03cc, \u03b1\u03bb\u03bb\u03ac \u03c0\u03c1\u03cc\u03ba\u03b5\u03b9\u03c4\u03b1\u03b9 \u03b3\u03b9\u03b1 \u03bc\u03b9\u03b1 \u03c0\u03bf\u03bb\u03cd \u03ba\u03b1\u03ba\u03ae \u03b9\u03b4\u03ad\u03b1<\/strong>.<br><strong>\u039f\u03b9 \u03c5\u03c8\u03b7\u03bb\u03cc\u03c4\u03b5\u03c1\u03b5\u03c2 \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03b9\u03c2 \u03b8\u03b1 \u03b5\u03bd\u03af\u03c3\u03c7\u03c5\u03b1\u03bd \u03c4\u03b1 \u03b5\u03c0\u03b9\u03c7\u03b5\u03b9\u03c1\u03ae\u03bc\u03b1\u03c4\u03b1 \u03b5\u03ba\u03b5\u03af\u03bd\u03c9\u03bd \u03c0\u03bf\u03c5 \u03b6\u03b7\u03c4\u03bf\u03cd\u03bd \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03c5\u03c0\u03b5\u03c5\u03b8\u03c5\u03bd\u03cc\u03c4\u03b7\u03c4\u03b1 \u03c3\u03c4\u03b7 \u0393\u03b1\u03bb\u03bb\u03af\u03b1.<\/strong><br><strong>\u039c\u03b5 \u03c4\u03bf \u03bd\u03b1 \u03c3\u03c5\u03b3\u03ba\u03c1\u03b1\u03c4\u03b5\u03af \u03c4\u03b9\u03c2 \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03b9\u03c2, \u03b7 \u0395\u039a\u03a4 \u03c3\u03c4\u03b7\u03bd \u03c0\u03c1\u03ac\u03be\u03b7 \u03b2\u03bf\u03b7\u03b8\u03ac \u03c4\u03b7\u03bd \u03b1\u03bd\u03c4\u03b9\u03c0\u03bf\u03bb\u03af\u03c4\u03b5\u03c5\u03c3\u03b7, \u03b1\u03ba\u03c1\u03b9\u03b2\u03ce\u03c2 \u03cc\u03c0\u03c9\u03c2 \u03b2\u03bf\u03ae\u03b8\u03b7\u03c3\u03b5 \u03c4\u03b7 Meloni \u03bd\u03b1 \u03b5\u03ba\u03bb\u03b5\u03b3\u03b5\u03af \u03c4\u03bf 2022.<\/strong><br>\u03a4\u03b1 \u03b3\u03c1\u03b1\u03c6\u03ae\u03bc\u03b1\u03c4\u03b1 \u03b4\u03b5\u03af\u03c7\u03bd\u03bf\u03c5\u03bd<strong>&nbsp;\u03c4\u03b9 \u03c3\u03c5\u03bc\u03b2\u03b1\u03af\u03bd\u03b5\u03b9 \u03c3\u03c4\u03bf \u03c0\u03bb\u03b1\u03af\u03c3\u03b9\u03bf \u03c4\u03b7\u03c2 \u03c0\u03bf\u03c3\u03bf\u03c4\u03b9\u03ba\u03ae\u03c2 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7\u03c2 (QE) \u03c5\u03c0\u03cc \u03c4\u03b7\u03bd Christine Lagarde, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03be\u03b5\u03ba\u03af\u03bd\u03b7\u03c3\u03b5 \u03c4\u03bf\u03bd \u039c\u03ac\u03c1\u03c4\u03b9\u03bf \u03c4\u03bf\u03c5 2020<\/strong>&nbsp;\u03ba\u03b1\u03b9 \u03b4\u03b9\u03b1\u03c6\u03bf\u03c1\u03bf\u03c0\u03bf\u03b9\u03ae\u03b8\u03b7\u03ba\u03b5 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd&nbsp;<strong>\u03c0\u03bf\u03c3\u03bf\u03c4\u03b9\u03ba\u03ae \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7 \u03c4\u03b7\u03c2 \u03b5\u03c0\u03bf\u03c7\u03ae\u03c2 Mario Draghi<\/strong>&nbsp;\u03ba\u03b1\u03c4\u03b1\u03c1\u03b3\u03ce\u03bd\u03c4\u03b1\u03c2 \u03c4\u03bf\u03bd \u03ba<strong>\u03b1\u03bd\u03cc\u03bd\u03b1 \u03c4\u03bf\u03c5 \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03b9\u03b1\u03ba\u03bf\u03cd \u03ba\u03bb\u03b5\u03b9\u03b4\u03b9\u03bf\u03cd (capital key)<\/strong>&nbsp;\u03c9\u03c2 \u03c0\u03b5\u03c1\u03b9\u03bf\u03c1\u03b9\u03c3\u03bc\u03cc \u03c3\u03c4\u03b9\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2 \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd.<br>\u0391\u03c5\u03c4\u03cc \u03b5\u03c0\u03ad\u03c4\u03c1\u03b5\u03c8\u03b5 \u03c3\u03c4\u03b7\u03bd \u0395\u039a\u03a4 \u03bd<strong>\u03b1 \u03c3\u03c4\u03c1\u03ad\u03c8\u03b5\u03b9 \u03c4\u03b9\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2 \u03c4\u03b7\u03c2 \u03c0\u03c1\u03bf\u03c2 \u03c7\u03ce\u03c1\u03b5\u03c2 \u03bc\u03b5 \u03c5\u03c8\u03b7\u03bb\u03cc \u03b4\u03b7\u03bc\u03cc\u03c3\u03b9\u03bf \u03c7\u03c1\u03ad\u03bf\u03c2, \u03cc\u03c0\u03c9\u03c2 \u03b7 \u0399\u03c4\u03b1\u03bb\u03af\u03b1 \u03ba\u03b1\u03b9 \u03b7 \u0399\u03c3\u03c0\u03b1\u03bd\u03af\u03b1<\/strong>.<br>\u039d\u03b1 \u03c3\u03b7\u03bc\u03b5\u03b9\u03c9\u03b8\u03b5\u03af \u03cc\u03c4\u03b9 \u03c4\u03b1 \u03c0\u03b5\u03c1\u03b9\u03c3\u03c3\u03cc\u03c4\u03b5\u03c1\u03b1 \u03b4\u03ac\u03bd\u03b5\u03b9\u03b1 \u03c4\u03b7\u03c2 \u0395\u03bb\u03bb\u03ac\u03b4\u03b1\u03c2 \u03ad\u03c7\u03bf\u03c5\u03bd \u00ab\u03ba\u03bb\u03b5\u03b9\u03b4\u03c9\u03bc\u03ad\u03bd\u03bf\u00bb \u03b5\u03c0\u03b9\u03c4\u03cc\u03ba\u03b9\u03bf \u03ba\u03b1\u03b9 \u03ad\u03c7\u03bf\u03c5\u03bd \u03c3\u03c5\u03bd\u03b1\u03c6\u03b8\u03b5\u03af \u03bc\u03ad\u03c3\u03c9 \u03b4\u03b9\u03bc\u03b5\u03c1\u03ce\u03bd \u03b4\u03b9\u03b1\u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ce\u03bd \u03c3\u03c5\u03bc\u03c6\u03c9\u03bd\u03b9\u03ce\u03bd.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u03a4\u03b9 \u03b5\u03af\u03bd\u03b1\u03b9 \u03bf \u00ab\u03ba\u03b1\u03bd\u03cc\u03bd\u03b1\u03c2 \u03c4\u03bf\u03c5 \u03ba\u03b5\u03c6\u03b1\u03bb\u03b1\u03b9\u03b1\u03ba\u03bf\u03cd \u03ba\u03bb\u03b5\u03b9\u03b4\u03b9\u03bf\u03cd\u00bb (capital key)<br><\/strong><br>\u0395\u03af\u03bd\u03b1\u03b9 \u03ba\u03b1\u03bd\u03cc\u03bd\u03b1\u03c2 \u03c0\u03bf\u03c5 \u03ba\u03b1\u03b8\u03bf\u03c1\u03af\u03b6\u03b5\u03b9&nbsp;<strong>\u03c0\u03ce\u03c2 \u03b7 \u0395\u039a\u03a4 \u03ba\u03b1\u03c4\u03b1\u03bd\u03ad\u03bc\u03b5\u03b9 \u03c4\u03b9\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2 \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ce\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd \u03bc\u03b5\u03c4\u03b1\u03be\u03cd \u03c4\u03c9\u03bd \u03c7\u03c9\u03c1\u03ce\u03bd-\u03bc\u03b5\u03bb\u03ce\u03bd \u03c4\u03b7\u03c2 \u0395\u03c5\u03c1\u03c9\u03b6\u03ce\u03bd\u03b7\u03c2.<\/strong><br>\u0397 \u03b2\u03b1\u03c3\u03b9\u03ba\u03ae \u03b9\u03b4\u03ad\u03b1 \u03b5\u03af\u03bd\u03b1\u03b9 \u03cc\u03c4\u03b9 \u03b7&nbsp;<strong>\u0395\u039a\u03a4 \u03c0\u03c1\u03ad\u03c0\u03b5\u03b9 \u03bd\u03b1 \u03b1\u03b3\u03bf\u03c1\u03ac\u03b6\u03b5\u03b9 \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03b1\u03bd\u03b1\u03bb\u03bf\u03b3\u03b9\u03ba\u03ac \u03bc\u03b5 \u03c4\u03bf \u03c0\u03bf\u03c3\u03bf\u03c3\u03c4\u03cc \u03c3\u03c5\u03bc\u03bc\u03b5\u03c4\u03bf\u03c7\u03ae\u03c2 \u03ba\u03ac\u03b8\u03b5 \u03c7\u03ce\u03c1\u03b1\u03c2 \u03c3\u03c4\u03bf \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03cc \u03c4\u03b7\u03c2 (\u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03b1\u03bd\u03ac\u03bb\u03bf\u03b3\u03b1 \u03bc\u03b5 \u03c4\u03bf \u03bc\u03ad\u03b3\u03b5\u03b8\u03bf\u03c2 \u03c4\u03b7\u03c2 \u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03af\u03b1\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03bf\u03c5 \u03c0\u03bb\u03b7\u03b8\u03c5\u03c3\u03bc\u03bf\u03cd \u03c4\u03b7\u03c2<\/strong>).<br>\u03a0\u03b1\u03c1\u03ac\u03b4\u03b5\u03b9\u03b3\u03bc\u03b1:<br>\u0391\u03bd \u03b7 \u0393\u03b5\u03c1\u03bc\u03b1\u03bd\u03af\u03b1 \u03ad\u03c7\u03b5\u03b9 2<strong>5% \u03c3\u03c5\u03bc\u03bc\u03b5\u03c4\u03bf\u03c7\u03ae \u03c3\u03c4\u03bf \u03ba\u03b5\u03c6\u03ac\u03bb\u03b1\u03b9\u03bf \u03c4\u03b7\u03c2 \u0395\u039a\u03a4, \u03c4\u03cc\u03c4\u03b5 \u03c4\u03bf 25% \u03c4\u03c9\u03bd \u03b1\u03b3\u03bf\u03c1\u03ce\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd \u03b8\u03b1 \u03c0\u03c1\u03ad\u03c0\u03b5\u03b9 \u03bd\u03b1 \u03b1\u03c6\u03bf\u03c1\u03ac \u03b3\u03b5\u03c1\u03bc\u03b1\u03bd\u03b9\u03ba\u03ac \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 (Bunds).<\/strong><br>\u0388\u03c4\u03c3\u03b9, \u03b7 \u0395\u039a\u03a4 \u03b4\u03b5\u03bd \u03b5\u03c5\u03bd\u03bf\u03b5\u03af \u03ba\u03b1\u03bc\u03af\u03b1 \u03c7\u03ce\u03c1\u03b1 \u03ba\u03b1\u03b9 \u03c0\u03b1\u03c1\u03b1\u03bc\u03ad\u03bd\u03b5\u03b9 \u03bf\u03c5\u03b4\u03ad\u03c4\u03b5\u03c1\u03b7 \u03c3\u03c4\u03b7 \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae \u03c4\u03c9\u03bd \u03ba\u03c1\u03b1\u03c4\u03ce\u03bd-\u03bc\u03b5\u03bb\u03ce\u03bd.<br>\u03a4\u03b1&nbsp;<strong>\u03b4\u03cd\u03bf \u03b3\u03c1\u03b1\u03c6\u03ae\u03bc\u03b1\u03c4\u03b1 \u03b4\u03b5\u03af\u03c7\u03bd\u03bf\u03c5\u03bd \u03c4\u03bf \u03af\u03b4\u03b9\u03bf \u03c6\u03b1\u03b9\u03bd\u03cc\u03bc\u03b5\u03bd\u03bf \u03b3\u03b9\u03b1 \u03c4\u03b7\u03bd \u03c0\u03b5\u03c1\u03af\u03bf\u03b4\u03bf \u03c4\u03b7\u03c2 \u03c0\u03bf\u03c3\u03bf\u03c4\u03b9\u03ba\u03ae\u03c2 \u03c7\u03b1\u03bb\u03ac\u03c1\u03c9\u03c3\u03b7\u03c2 \u03c4\u03bf\u03c5 Draghi, \u03b7 \u03bf\u03c0\u03bf\u03af\u03b1 \u03cc\u03bc\u03c9\u03c2 \u03c5\u03c0\u03cc\u03ba\u03b5\u03b9\u03c4\u03bf \u03c3\u03c4\u03bf\u03bd \u03ba\u03b1\u03bd\u03cc\u03bd\u03b1 \u03c4\u03bf\u03c5 capital key.<\/strong><br>\u039a\u03b1\u03b9 \u03c3\u03c4\u03b9\u03c2 \u03b4\u03cd\u03bf \u03c0\u03b5\u03c1\u03b9\u03c0\u03c4\u03ce\u03c3\u03b5\u03b9\u03c2, \u03b7 \u03b1\u03c0<strong>\u03bf\u03bc\u03b5\u03af\u03c9\u03c3\u03b7 (roll-off) \u03c4\u03c9\u03bd \u03b3\u03b1\u03bb\u03bb\u03b9\u03ba\u03ce\u03bd \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ce\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd \u03b1\u03c0\u03cc \u03c4\u03bf\u03bd \u03b9\u03c3\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03cc \u03c4\u03b7\u03c2 \u0395\u039a\u03a4 \u03ad\u03c7\u03b5\u03b9 \u03bc\u03b7\u03b4\u03b5\u03bd\u03b9\u03c3\u03c4\u03b5\u03af \u03c3\u03c4\u03bf \u03b4\u03b9\u03ac\u03c3\u03c4\u03b7\u03bc\u03b1 \u0399\u03bf\u03c5\u03bd\u03af\u03bf\u03c5 \u2013 \u03a3\u03b5\u03c0\u03c4\u03b5\u03bc\u03b2\u03c1\u03af\u03bf\u03c5 2025, \u03b1\u03ba\u03c1\u03b9\u03b2\u03ce\u03c2 \u03c4\u03b7 \u03c3\u03c4\u03b9\u03b3\u03bc\u03ae \u03c0\u03bf\u03c5 \u03b7 \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03b1\u03bd\u03c4\u03b9\u03c0\u03b1\u03c1\u03ac\u03b8\u03b5\u03c3\u03b7 \u03c3\u03c4\u03b7 \u0393\u03b1\u03bb\u03bb\u03af\u03b1 \u03ba\u03bb\u03b9\u03bc\u03b1\u03ba\u03ce\u03b8\u03b7\u03ba\u03b5.<\/strong><br>\u0395\u03af\u03bd\u03b1\u03b9 \u03b5\u03be\u03b1\u03b9\u03c1\u03b5\u03c4\u03b9\u03ba\u03ac \u03b1\u03c0\u03af\u03b8\u03b1\u03bd\u03bf \u03b1\u03c5\u03c4\u03cc \u03bd\u03b1 \u03bf\u03c6\u03b5\u03af\u03bb\u03b5\u03c4\u03b1\u03b9 \u03c3\u03c4\u03bf \u03cc\u03c4\u03b9 \u03b4\u03b5\u03bd \u03c5\u03c0\u03ae\u03c1\u03c7\u03b1\u03bd \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03c0\u03bf\u03c5 \u03ad\u03bb\u03b7\u03b3\u03b1\u03bd \u03b5\u03ba\u03b5\u03af\u03bd\u03b7 \u03c4\u03b7\u03bd \u03c0\u03b5\u03c1\u03af\u03bf\u03b4\u03bf.<br>\u03a0\u03b9\u03bf \u03c0\u03b9\u03b8\u03b1\u03bd\u03cc \u03b5\u03af\u03bd\u03b1\u03b9 \u03cc\u03c4\u03b9 \u03b7 \u0395\u039a\u03a4 \u03b5\u03c0\u03b1\u03bd\u03b5\u03c0\u03b5\u03bd\u03b4\u03cd\u03b5\u03b9 \u03c4\u03b1 \u03ad\u03c3\u03bf\u03b4\u03b1 \u03b1\u03c0\u03cc \u03c4\u03bf \u03b3\u03b1\u03bb\u03bb\u03b9\u03ba\u03cc \u03c7\u03c1\u03ad\u03bf\u03c2 \u03c0\u03bf\u03c5 \u03bb\u03ae\u03b3\u03b5\u03b9, \u03bc\u03b5\u03b9\u03ce\u03bd\u03bf\u03bd\u03c4\u03b1\u03c2 \u03ad\u03c4\u03c3\u03b9 \u03c4\u03b7\u03bd \u03b1\u03bd\u03bf\u03b4\u03b9\u03ba\u03ae \u03c0\u03af\u03b5\u03c3\u03b7 \u03c3\u03c4\u03b9\u03c2 \u03b1\u03c0\u03bf\u03b4\u03cc\u03c3\u03b5\u03b9\u03c2 \u03c4\u03c9\u03bd \u03b3\u03b1\u03bb\u03bb\u03b9\u03ba\u03ce\u03bd \u03bf\u03bc\u03bf\u03bb\u03cc\u03b3\u03c9\u03bd.<br>\u0391\u03bd \u03c0\u03c1\u03ac\u03b3\u03bc\u03b1\u03c4\u03b9 \u03c3\u03c5\u03bc\u03b2\u03b1\u03af\u03bd\u03b5\u03b9 \u03b1\u03c5\u03c4\u03cc, \u03c0\u03c1\u03cc\u03ba\u03b5\u03b9\u03c4\u03b1\u03b9 \u03b3\u03b9\u03b1 \u03ad\u03bd\u03b1\u03bd \u03b1\u03ba\u03cc\u03bc\u03b7 \u03bb\u03cc\u03b3\u03bf \u03c0\u03bf\u03c5 \u03b1\u03c0\u03bf\u03b4\u03b5\u03b9\u03ba\u03bd\u03cd\u03b5\u03b9 \u03b3<strong>\u03b9\u03b1\u03c4\u03af \u03b7 \u0395\u039a\u03a4 \u03c0\u03c1\u03ad\u03c0\u03b5\u03b9 \u03bd\u03b1 \u03b1\u03c0\u03bf\u03c3\u03c5\u03c1\u03b8\u03b5\u03af \u03b1\u03c0\u03cc \u03c4\u03b9\u03c2 \u03b1\u03b3\u03bf\u03c1\u03ad\u03c2 \u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03bf\u03cd \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 \u03c4\u03b7\u03c2 \u0395\u03c5\u03c1\u03c9\u03b6\u03ce\u03bd\u03b7\u03c2.<\/strong><br>\u039f\u03b9 \u03c0\u03b1\u03c1\u03b5\u03bc\u03b2\u03ac\u03c3\u03b5\u03b9\u03c2 \u03c4\u03b7\u03c2 \u03b5\u03af\u03bd\u03b1\u03b9 \u03b5\u03ba \u03c6\u03cd\u03c3\u03b5\u03c9\u03c2 \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ad\u03c2.<br>\u03a0\u03b1\u03c1\u03ac\u03bb\u03bb\u03b7\u03bb\u03b1, \u03b4\u03b9\u03b1\u03c3\u03c4\u03c1\u03b5\u03b2\u03bb\u03ce\u03bd\u03bf\u03c5\u03bd \u03c4\u03b1 \u03ba\u03af\u03bd\u03b7\u03c4\u03c1\u03b1 \u03ba\u03b1\u03b9 \u03b4\u03b9\u03b1\u03b9\u03c9\u03bd\u03af\u03b6\u03bf\u03c5\u03bd \u03ba\u03b1\u03ba\u03ad\u03c2 \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ad\u03c2 \u03c0\u03c1\u03b1\u03ba\u03c4\u03b9\u03ba\u03ad\u03c2, \u03b5\u03c0\u03b5\u03b9\u03b4\u03ae \u03c4\u03bf \u03b4\u03cc\u03b3\u03bc\u03b1 \u03c4\u03bf\u03c5 Draghi \u2014 \u201cwhatever it takes\u201d (\u03cc,\u03c4\u03b9 \u03c7\u03c1\u03b5\u03b9\u03b1\u03c3\u03c4\u03b5\u03af) \u2014 \u03ad\u03c7\u03b5\u03b9 \u03c0\u03bb\u03ad\u03bf\u03bd \u03c4\u03b1\u03c5\u03c4\u03b9\u03c3\u03c4\u03b5\u03af \u03bc\u03b5 \u03c4\u03b7\u03bd \u03b9\u03b4\u03ad\u03b1 \u03cc\u03c4\u03b9 \u03b4\u03b5\u03bd \u03c0\u03c1\u03ad\u03c0\u03b5\u03b9 \u03c0\u03bf\u03c4\u03ad \u03bd\u03b1 \u03b5\u03c0\u03b9\u03c4\u03c1\u03b1\u03c0\u03b5\u03af \u03bc\u03b9\u03b1 \u03ba\u03c1\u03af\u03c3\u03b7 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2.<br><img decoding=\"async\" src=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!Smns!,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa3701f9b-22be-44c1-8c76-e349b555a0e5_1207x727.png\" alt=\"\"><br><strong>\u03a0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03bf\u03bf\u03b9\u03ba\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03b4\u03b9\u03ac\u03c3\u03c4\u03b1\u03c3\u03b7: \u0394\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03ba\u03c5\u03c1\u03b9\u03b1\u03c1\u03c7\u03af\u03b1 \u03ba\u03b1\u03b9 \u03bc\u03cc\u03bd\u03b9\u03bc\u03b7 \u03ad\u03bd\u03c9\u03c3\u03b7 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u03a4\u03bf \u03c6\u03b1\u03b9\u03bd\u03cc\u03bc\u03b5\u03bd\u03bf \u03b1\u03c5\u03c4\u03cc \u03bf\u03bd\u03bf\u03bc\u03ac\u03b6\u03b5\u03c4\u03b1\u03b9 fiscal dominance (\u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03ba\u03c5\u03c1\u03b9\u03b1\u03c1\u03c7\u03af\u03b1)\u2014 \u03b4\u03b7\u03bb\u03b1\u03b4\u03ae \u03b7 \u03ba\u03b1\u03c4\u03ac\u03c3\u03c4\u03b1\u03c3\u03b7 \u03cc\u03c0\u03bf\u03c5 \u03b7 \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae (\u03bf\u03b9 \u03ba\u03c5\u03b2\u03b5\u03c1\u03bd\u03ae\u03c3\u03b5\u03b9\u03c2) \u03c5\u03c0\u03b1\u03b3\u03bf\u03c1\u03b5\u03cd\u03b5\u03b9 \u03c4\u03b7 \u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ae \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae (\u03c4\u03b7\u03bd \u0395\u039a\u03a4).<br><strong>\u03a3\u03b5 \u03ad\u03bd\u03b1 \u03ba\u03b1\u03b8\u03b5\u03c3\u03c4\u03ce\u03c2 \u03b4\u03b7\u03bc\u03bf\u03c3\u03b9\u03bf\u03bd\u03bf\u03bc\u03b9\u03ba\u03ae\u03c2 \u03ba\u03c5\u03c1\u03b9\u03b1\u03c1\u03c7\u03af\u03b1\u03c2:<\/strong><br><strong>\u2022 \u03bf\u03b9 \u03ba\u03b5\u03bd\u03c4\u03c1\u03b9\u03ba\u03ad\u03c2 \u03c4\u03c1\u03ac\u03c0\u03b5\u03b6\u03b5\u03c2 \u03b4\u03b5\u03bd \u03bc\u03c0\u03bf\u03c1\u03bf\u03cd\u03bd \u03bd\u03b1 \u03b1\u03c5\u03be\u03ae\u03c3\u03bf\u03c5\u03bd \u03c4\u03b1 \u03b5\u03c0\u03b9\u03c4\u03cc\u03ba\u03b9\u03b1 \u03cc\u03c3\u03bf \u03c7\u03c1\u03b5\u03b9\u03ac\u03b6\u03b5\u03c4\u03b1\u03b9, \u03b3\u03b9\u03b1\u03c4\u03af \u03b8\u03b1 \u03c0\u03c1\u03bf\u03ba\u03b1\u03bb\u03ad\u03c3\u03bf\u03c5\u03bd \u03ba\u03c1\u03af\u03c3\u03b7 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2,<\/strong><br><strong>\u2022 \u03ac\u03c1\u03b1 \u03c5\u03c0\u03bf\u03c4\u03ac\u03c3\u03c3\u03bf\u03bd\u03c4\u03b1\u03b9 \u03c3\u03c4\u03b9\u03c2 \u03b1\u03bd\u03ac\u03b3\u03ba\u03b5\u03c2 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03cc\u03c4\u03b7\u03c3\u03b7\u03c2 \u03c4\u03c9\u03bd \u03ba\u03c1\u03b1\u03c4\u03ce\u03bd,<\/strong><br>\u2022 \u03ba\u03b1\u03b9 \u03ad\u03c4\u03c3\u03b9 \u03b7 \u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03b1\u03c4\u03b9\u03ba\u03ae \u03b1\u03bd\u03b5\u03be\u03b1\u03c1\u03c4\u03b7\u03c3\u03af\u03b1 \u03c0\u03b1\u03cd\u03b5\u03b9 \u03bd\u03b1 \u03c5\u03c0\u03ac\u03c1\u03c7\u03b5\u03b9 \u03bf\u03c5\u03c3\u03b9\u03b1\u03c3\u03c4\u03b9\u03ba\u03ac \u03ba\u03b1\u03b9 \u03c4\u03b1 \u03ba\u03c1\u03ac\u03c4\u03b7 \u03c0\u03c1\u03bf\u03c7\u03c9\u03c1\u03bf\u03cd\u03bd \u03c3\u03c4\u03b7 \u03bd\u03bf\u03bc\u03b9\u03c3\u03bc\u03b1\u03c4\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7 \u03c4\u03bf\u03c5 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2.<br>\u0391\u03c5\u03c4\u03cc \u03b5\u03af\u03bd\u03b1\u03b9 \u03b1\u03ba\u03c1\u03b9\u03b2\u03ce\u03c2 \u03c4\u03bf \u03c6\u03b1\u03b9\u03bd\u03cc\u03bc\u03b5\u03bd\u03bf \u03c0\u03bf\u03c5 \u03c0\u03b5\u03c1\u03b9\u03b3\u03c1\u03ac\u03c8\u03b1\u03bc\u03b5, \u03c0\u03c1\u03ce\u03c4\u03b1 \u03bc\u03b5 \u03c4\u03b7\u03bd \u0399\u03c4\u03b1\u03bb\u03af\u03b1 \u03c4\u03bf 2022, \u03c4\u03ce\u03c1\u03b1 \u03bc\u03b5 \u03c4\u03b7 \u0393\u03b1\u03bb\u03bb\u03af\u03b1 \u03c4\u03bf 2025.<br><strong>\u0389\u03c1\u03b8\u03b5 \u03b7 \u03ce\u03c1\u03b1 \u03bf\u03b9 \u03b2\u03cc\u03c1\u03b5\u03b9\u03b5\u03c2 \u03c0\u03b9\u03c3\u03c4\u03ce\u03c4\u03c1\u03b9\u03b5\u03c2 \u03c7\u03ce\u03c1\u03b5\u03c2 \u03bd\u03b1 \u03b2\u03ac\u03bb\u03bf\u03c5\u03bd \u03ad\u03bd\u03b1 \u03c4\u03ad\u03bb\u03bf\u03c2 \u03c3\u03b5 \u03b1\u03c5\u03c4\u03ae \u03c4\u03b7\u03bd \u03c0\u03c1\u03b1\u03ba\u03c4\u03b9\u03ba\u03ae \u03b4\u03b9\u03cc\u03c4\u03b9 \u03b1\u03bb\u03bb\u03b9\u03ce\u03c2 \u03b7 \u0395\u03c5\u03c1\u03c9\u03b6\u03ce\u03bd\u03b7 \u03b8\u03b1 \u03ba\u03b1\u03c4\u03b1\u03bb\u03ae\u03be\u03b5\u03b9 \u03c3\u03b5 \u03bc\u03cc\u03bd\u03b9\u03bc\u03b7 \u03ad\u03bd\u03c9\u03c3\u03b7 \u03c7\u03c1\u03ad\u03bf\u03c5\u03c2 \u03bc\u03ad\u03c3\u03c9 \u03c4\u03b7\u03c2 \u0395\u039a\u03a4 \u2014 \u03c7\u03c9\u03c1\u03af\u03c2 \u03c0\u03bf\u03bb\u03b9\u03c4\u03b9\u03ba\u03ae \u03c3\u03c5\u03bd\u03b1\u03af\u03bd\u03b5\u03c3\u03b7, \u03c7\u03c9\u03c1\u03af\u03c2 \u03b4\u03b9\u03b1\u03c6\u03ac\u03bd\u03b5\u03b9\u03b1 \u03ba\u03b1\u03b9 \u03c7\u03c9\u03c1\u03af\u03c2 \u03b4\u03b7\u03bc\u03bf\u03ba\u03c1\u03b1\u03c4\u03b9\u03ba\u03ae \u03bd\u03bf\u03bc\u03b9\u03bc\u03bf\u03c0\u03bf\u03af\u03b7\u03c3\u03b7.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.bankingnews.gr\/\">www.bankingnews.gr<\/a> \u03ba\u03b1\u03b9 <a href=\"https:\/\/www.triklopodia.gr\/\">https:\/\/www.triklopodia.gr\/<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u03a4\u03bf roll off \u03c3\u03c4\u03b1 \u03bf\u03bc\u03cc\u03bb\u03bf\u03b3\u03b1 \u03b1\u03c0\u03cc \u03c4\u03b7\u03bd 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[&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11000,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1"],"_links":{"self":[{"href":"https:\/\/oudensxolion.gr\/index.php?rest_route=\/wp\/v2\/posts\/10999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oudensxolion.gr\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oudensxolion.gr\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oudensxolion.gr\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/oudensxolion.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10999"}],"version-history":[{"count":1,"href":"https:\/\/oudensxolion.gr\/index.php?rest_route=\/wp\/v2\/posts\/10999\/revisions"}],"predecessor-version":[{"id":11001,"href":"https:\/\/oudensxolion.gr\/index.php?rest_route=\/wp\/v2\/posts\/10999\/revisions\/11001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/oudensxolion.gr\/index.php?rest_route=\/wp\/v2\/media\/11000"}],"wp:attachment":[{"href":"https:\/\/oudensxolion.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oudensxolion.gr\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oudensxolion.gr\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}