{"id":9927,"date":"2026-10-12T09:20:27","date_gmt":"2026-10-12T09:20:27","guid":{"rendered":"https:\/\/www.mdwcc.com\/?p=9927"},"modified":"2026-10-12T09:20:32","modified_gmt":"2026-10-12T09:20:32","slug":"energy-inflation-coupled-with-fiscal-rifts-french-debt-risks-stir-up-complex-games-in-the-eurozone-bond-market","status":"publish","type":"post","link":"https:\/\/www.mdwcc.com\/ko\/energy-inflation-coupled-with-fiscal-rifts-french-debt-risks-stir-up-complex-games-in-the-eurozone-bond-market\/","title":{"rendered":"\uc7ac\uc815 \uade0\uc5f4\uacfc \uacb0\ud569\ub41c \uc5d0\ub108\uc9c0 \uc778\ud50c\ub808\uc774\uc158: \ud504\ub791\uc2a4 \ubd80\ucc44 \uc704\ud5d8\uc73c\ub85c \uc778\ud574 \uc720\ub85c\uc874 \ucc44\uad8c \uc2dc\uc7a5\uc758 \ubcf5\uc7a1\ud55c \uac8c\uc784\uc774 \ucd09\ubc1c\ub418\uc5c8\uc2b5\ub2c8\ub2e4."},"content":{"rendered":"

\uc911\ub3d9 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc73c\ub85c \uc778\ud55c \uc720\ub7fd \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9, \uc778\ud50c\ub808\uc774\uc158 \uc7ac\ubc1c, \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc758 \uc815\ucc45 \uacb0\uc815 \ucc3d\uad6c \ub4f1\uc73c\ub85c \uc778\ud574 \ud504\ub791\uc2a4\uc758 \ubd80\ucc44 \uc704\ud5d8\uc774 \uae09\uaca9\ud558\uac8c \ud45c\uba74\ud654\ub418\uc5c8\uc2b5\ub2c8\ub2e4. ACE Markets\ub294 \uc5d0\ub108\uc9c0 \uc2dc\uc7a5 \uc2e0\ud638, \ud504\ub791\uc2a4 \uc7ac\uc815 \ub370\uc774\ud130, \ucc44\uad8c \uc2dc\uc7a5 \uc790\uae08 \ud750\ub984, \uc815\uce58 \uc0ac\uc774\ud074 \ubc0f ECB \uc815\ucc45 \uc81c\uc57d\uc744 \uad50\ucc28 \ud655\uc778\ud55c \ud6c4 \ud604\uc7ac \uc0c1\ud669\uc774 2012\ub144 \uc720\ub7fd \ubd80\ucc44 \uc704\uae30\uc758 \ub2e8\uc21c\ud55c \ubcf5\uc81c\uac00 \uc544\ub2c8\ub77c\ub294 \uacb0\ub860\uc744 \ub0b4\ub838\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc720\ub85c\uc874\uc5d0\uc11c \ub450 \ubc88\uc9f8\ub85c \ud070 \uacbd\uc81c\uad6d\uc778 \ud504\ub791\uc2a4\uc758 \uc7ac\uc815 \uc555\ubc15\uc740 \uac15\ub825\ud55c \ud30c\uae09 \ud6a8\uacfc\ub97c \uac00\uc838\uc624\uba70 \"\uc704\ud5d8 \ub9e4\ub3c4\"\uc640 \"\ud558\ub77d \uc2dc \ub9e4\uc218\"\ub77c\ub294 \uc774\uc911 \uc2dc\uc7a5 \uc5ed\ud559\uc744 \ucd08\ub798\ud569\ub2c8\ub2e4. \ub300\ubd80\ubd84\uc758 \uc2dc\uc7a5 \ubd84\uc11d\uc740 \ud504\ub791\uc2a4 \ubd80\ucc44 \ubb38\uc81c\ub97c \ucd5c\uadfc \uc720\ub7fd\uc758 \uc5d0\ub108\uc9c0 \ucda9\uaca9, \uc120\uac70 \uc8fc\uae30, \uc911\uc559\uc740\ud589 \ub3c4\uad6c \uc81c\ud55c\uacfc \uc5f0\uacb0\ud558\uc9c0 \ubabb\ud558\uace0 \ub2e8\ub3c5\uc73c\ub85c \ubcf4\ub294 \uacbd\ud5a5\uc774 \uc788\uc5b4 \uc704\ud5d8 \uc218\uc900\uacfc \uac70\ub798 \uae30\ud68c\uc5d0 \ub300\ud55c \uc798\ubabb\ub41c \ud310\ub2e8\uc73c\ub85c \uc27d\uac8c \uc774\uc5b4\uc9d1\ub2c8\ub2e4.<\/p>\n

\uc704\ud5d8\uc758 \uae30\ubcf8 \ub17c\ub9ac: \ub192\uc740 \ubd80\ucc44\uc640 \ub192\uc740 \uc774\uc790\uc728\uc774 \uacb0\ud569\ub418\uc5b4 '\uc810\uc9c4\uc801 \uad50\uc0b4'\uc774 \ud3bc\uccd0\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/h2>\n

ACE Markets\uc758 \ubaa8\ub2c8\ud130\ub9c1\uc5d0 \ub530\ub974\uba74 \ucd5c\uadfc \ud504\ub791\uc2a4 \ucc44\uad8c\uc758 \ub9e4\ub3c4\uc138\ub85c \uc778\ud574 \ud504\ub791\uc2a4 10\ub144 \ub9cc\uae30 \uad6d\ucc44 \uc218\uc775\ub960\uc774 2002\ub144 \uc774\ud6c4 \ucd5c\uace0\uce58\uc778 5%\ub85c \uc0c1\uc2b9\ud55c \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. \ud504\ub791\uc2a4-\ub3c5\uc77c 10\ub144 \ucc44\uad8c \uc218\uc775\ub960 \uac04\uc758 \uc2a4\ud504\ub808\ub4dc\ub294 \uc704\ud5d8 \ud504\ub9ac\ubbf8\uc5c4\uc774 \uae09\uaca9\ud558\uac8c \uc0c1\uc2b9\ud558\uba74\uc11c \uc720\ub7fd \ubd80\ucc44 \uc704\uae30 \uc774\ud6c4 \ucd5c\uace0 \uc218\uc900\uc73c\ub85c \uae09\ub4f1\ud588\uc2b5\ub2c8\ub2e4. \ub192\uc740 \ubd80\ucc44 \uc218\uc900 \uc790\uccb4\uac00 \ub2f9\uc7a5 \uc704\uae30\ub97c \ucd09\ubc1c\ud558\ub294 \uac83\uc740 \uc544\ub2c8\uc9c0\ub9cc \uae08\ub9ac \ub9ac\uc2a4\ud06c\uac00 \uc2e0\uc6a9 \ub9ac\uc2a4\ud06c\ub85c \uc804\ud658\ub418\uace0 \uc788\ub2e4. \ub2e8\uae30\uac04\uc5d0 \uc218\uc775\ub960\uc774 \uae09\uaca9\ud558\uac8c \uc0c1\uc2b9\ud558\uba74 \uc2dc\uc7a5\uc758 \ucd08\uc810\uc740 \uc790\uae08 \uc870\ub2ec \ube44\uc6a9 \uc218\uc900\uc5d0\uc11c \ubd80\ucc44\uc758 \uc7a5\uae30 \uc0c1\ud658 \uac00\ub2a5\uc131\uc73c\ub85c \uc774\ub3d9\ud569\ub2c8\ub2e4. \uc774\uac83\uc774 \ud604\uc7ac \ud504\ub791\uc2a4-\ub3c5\uc77c \uad6d\ucc44 \uc218\uc775\ub960 \uc2a4\ud504\ub808\ub4dc\uac00 \uae09\uaca9\ud788 \ud655\ub300\ub418\ub294 \ubc30\uacbd\uc5d0 \uc788\ub294 \ud575\uc2ec\uc801\uc778 \uc2ec\ub9ac\uc801 \ubcc0\ud654\uc785\ub2c8\ub2e4.<\/p>\n

\"\u5c40\ubd80\u622a\u53d6_20261012_142055\"<\/p>\n

\uadfc\ubcf8 \uc6d0\uc778\uc740 \ucd1d\ubd80\ucc44\uac00 \uc9c0\uc18d\uc801\uc73c\ub85c \uc99d\uac00\ud558\uace0 \uc7ac\uc735\uc790 \ube44\uc6a9\uc774 \uae09\uc99d\ud55c\ub2e4\ub294 \uc774\uc911\uace0\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \ud504\ub791\uc2a4\uc758 \uacf5\uacf5 \ubd80\ucc44\ub294 3\uc870 6\ucc9c\uc5b5 \uc720\ub85c\uc5d0 \ub2ec\ud574 GDP\uc758 120%\uc5d0 \ub2ec\ud588\uace0, \uc62c\ud574 \uc7ac\uc815 \uc801\uc790\ub294 EU\uc758 3% \uae30\uc900\uce58\ub97c \ud06c\uac8c \ucd08\uacfc\ud558\ub294 5.4%\uc5d0 \ub2ec\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4. \ud504\ub791\uc2a4\ub294 1974\ub144 \uc774\ud6c4 \uade0\ud615\uc608\uc0b0\uc744 \ub2ec\uc131\ud558\uc9c0 \ubabb\ud588\uace0, \uc5f0\uc774\uc740 \uc704\uae30 \uc18d\uc5d0\uc11c\ub3c4 \"\ubb34\uc2a8 \uc77c\uc774\ub4e0\" \ud558\ub294 \ud655\uc7a5 \uc815\ucc45\uc73c\ub85c \ubd80\ucc44 \uc218\uc900\uc774 \uc9c0\uc18d\uc801\uc73c\ub85c \ub192\uc544\uc84c\uc2b5\ub2c8\ub2e4.<\/p>\n

\uae00\ub85c\ubc8c \uae08\ub9ac\uac00 \uc624\ub974\uba74\uc11c \uc800\uae08\ub9ac \uc2dc\ub300\uc5d0 \ubc1c\ud589\ub41c \ub9c9\ub300\ud55c \ubd80\ucc44\uac00 \ub9cc\uae30\uac00 \ub2e4\uac00\uc624\uace0 \uc788\ub2e4. \ub0b4\ub144\uc5d0\ub294 \ud504\ub791\uc2a4 \uc815\ubd80 \ucc44\uad8c \ubc1c\ud589\uc774 \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud560 \uac83\uc774\uba70, 2030\ub144 \uc774\uc804\uc5d0 1\uc870 \ub2ec\ub7ec \uc774\uc0c1\uc758 \ubd80\ucc44\ub97c \uc7ac\uc735\uc790\ud574\uc57c \ud569\ub2c8\ub2e4. \uc774\uc790 \uc9c0\uae09\uc73c\ub85c \uc778\ud574 \uc774\ubbf8 \uc815\ubd80 \uc608\uc0b0\uc774 \uc555\ubc15\uc744 \ubc1b\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ud504\ub791\uc2a4 \uc911\uc559\uc740\ud589 \ucd1d\uc7ac\ub294 \uc774\ub7ec\ud55c \uc0c1\ud669\uc744 \uacbd\uc81c\uac00 \uc810\uc9c4\uc801\uc73c\ub85c \uc704\ucd95\ub418\uace0 \uc788\ub2e4\uace0 \uc124\uba85\ud588\uc2b5\ub2c8\ub2e4. \uc774\uc790 \ube44\uc6a9\uc774 \uc7ac\uc815 \uc790\uc6d0\uc744 \uacc4\uc18d\ud574\uc11c \uc18c\ubaa8\ud558\uace0, \uacf5\uacf5 \uc9c0\ucd9c\uc744 \uc555\ubc15\ud558\uba70, \uacbd\uc81c \ud68c\ubcf5\uacfc \uc7ac\uc815 \uac1c\ud601\uc758 \uc5ec\uc9c0\ub97c \ub354\uc6b1 \uc57d\ud654\uc2dc\ud0a4\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\uc815\uce58 \uc0ac\uc774\ud074\uc774 \uac00\uc7a5 \ud070 \ubcc0\uc218\uac00 \ub41c\ub2e4. \uc608\uc0b0 \uac8c\uc784\uacfc \uc7ac\uc815 \uac1c\ud601\uc5d0 \ub300\ud55c \uc120\uac70 \uc81c\uc57d\uc774\ub2e4.<\/h2>\n

\uc545\ud654\ub418\ub294 \uc7ac\uc815 \uc218\uce58\ub294 \ub2e8\uc9c0 \uc99d\uc0c1\uc77c \ubfd0\uc774\ub2e4. \uc2dc\uc7a5\uc758 \uc2e0\ub8b0\ub97c \uc9c4\uc815\uc73c\ub85c \uacb0\uc815\ud558\ub294 \uac83\uc740 \uc774\ud589\uc758 \uc815\uce58\uc801 \ud0c0\ub2f9\uc131\uc785\ub2c8\ub2e4. \ud504\ub791\uc2a4 \uc18c\uc218\ubbfc\uc871 \uc815\ubd80\ub294 \uc9c0\ucd9c \uc0ad\uac10\uacfc \uc801\ub2f9\ud55c \uc138\uae08 \uc778\uc0c1\uc744 \ud1b5\ud574 \uc801\uc790\uc728\uc744 5.4%\uc5d0\uc11c 5%\ub85c \ub0ae\ucd94\ub294 2027\ub144 \uc608\uc0b0 \ucd08\uc548\uc744 \uc81c\ucd9c\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc774 \uacc4\ud68d\uc774 \uc644\uc804\ud788 \uc2dc\ud589\ub418\ub354\ub77c\ub3c4 GDP \ub300\ube44 \ubd80\ucc44\ube44\uc728\uc740 122%\uae4c\uc9c0 \uacc4\uc18d \uc0c1\uc2b9\ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.<\/p>\n

\"\u5c40\ubd80\u622a\u53d6_20261012_144347\"<\/p>\n

\uc815\uce58\uc801 \ubd84\uc11d\uacfc \uacbd\uc81c \ub3d9\ud5a5\uc744 \uacb0\ud569\ud55c ACE Markets\ub294 \uc774 \uc608\uc0b0\uc774 \uc0c1\ub2f9\ud55c \uc2e4\uc9c8\uc801\uc778 \uc7a5\uc560\ubb3c\uc5d0 \uc9c1\uba74\ud574 \uc788\ub2e4\uace0 \uc9c0\uc801\ud569\ub2c8\ub2e4. \uc815\ubd80\uac00 \uc758\ud68c\uc5d0\uc11c \uacfc\ubc18\uc218\ub97c \ud655\ubcf4\ud558\uc9c0 \ubabb\ud558\uace0 2027\ub144 \ub300\ud1b5\ub839 \uc120\uac70\uac00 \ub2e4\uac00\uc624\uace0 \uc788\uc73c\uba70 \uae34\ucd95 \ubc18\ub300 \uc2dc\uc704\uac00 \uc9c4\ud589 \uc911\uc785\ub2c8\ub2e4. \uc88c\ud30c\uc640 \uc6b0\ud30c \ud6c4\ubcf4\ub4e4\uc758 \uc77c\ubd80 \uc815\ucc45 \uc81c\uc548\uc740 \uc815\ubd80 \uc9c0\ucd9c\uc744 \ub354\uc6b1 \ub298\ub9ac\ub294 \ubc29\ud5a5\uc73c\ub85c \uae30\uc6b8\uc5b4\uc838 \uc788\uc2b5\ub2c8\ub2e4. \uc5ed\uc0ac\uc801\uc73c\ub85c \ud504\ub791\uc2a4\ub294 \uc790\uccb4\uc801\uc73c\ub85c \uc124\uc815\ud55c \uc7ac\uc815 \ubaa9\ud45c\ub97c \ub2ec\uc131\ud558\ub294 \ub370 \ubc18\ubcf5\uc801\uc73c\ub85c \uc2e4\ud328\ud588\uc73c\uba70, \uc608\uc0b0\uc774 \ud1b5\uacfc\ub418\uc9c0 \uc54a\uc73c\uba74 \ud504\ub791\uc2a4\ub294 \ub2e4\uc2dc \ud55c \ubc88 \ube44\uc0c1 \uc785\ubc95\uc5d0 \uc758\uc874\ud558\uc5ec \uc6b4\uc601\uc744 \uc720\uc9c0\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\uc2dc\uc7a5\uc758 \uc6b0\ub824\ub294 \uc989\uac01\uc801\uc778 \ubd80\ucc44 \ubd88\uc774\ud589\uc774 \uc544\ub2c8\ub77c \uc7a5\uae30\uc801\uc73c\ub85c \uc2e0\ub8b0\ud560 \uc218 \uc788\ub294 \uc774\ud589 \uacbd\ub85c\uac00 \ubd80\uc871\ud558\uc5ec \uc7ac\uc815 \uac74\uc804\ud654\uc758 \uc815\ucc45 \uad50\ucc29 \uc0c1\ud0dc\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \ub354\uc6b1\uc774 \ud504\ub791\uc2a4\ub294 \uace0\ub9bd\ub41c \uc0ac\ub840\uac00 \uc544\ub2d9\ub2c8\ub2e4. \uc2a4\ud398\uc778\uacfc \uc774\ud0c8\ub9ac\uc544\ub3c4 \uc120\uac70 \uc8fc\uae30\uc5d0 \uc9c4\uc785\ud558\uace0 \uc788\uc5b4 \ub9ce\uc740 \uc720\ub85c\uc874 \uad6d\uac00\uc758 \uc7ac\uc815 \uc815\ucc45 \ubd88\ud655\uc2e4\uc131\uc774 \ub3d9\uc2dc\uc5d0 \uc99d\uac00\ud558\uc5ec \uad6d\uac00 \ubd80\ucc44 \ubcc0\ub3d9\uc131\uc774 \ub354\uc6b1 \uc99d\ud3ed\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\uc704\ud5d8 \ud30c\uae09\ud6a8\uacfc\ub294 \ud655\uc778\ub429\ub2c8\ub2e4: \ud504\ub791\uc2a4\uc5d0\uc11c \uc678\ubd80\ub85c \ud655\uc0b0\ub418\uba74\uc11c \ucc44\uad8c \uc2dc\uc7a5, \ud658\uc728 \ubc0f \uc740\ud589 \ubd80\ubb38\uc774 \ubaa8\ub450 \uc555\ubc15\uc744 \ubc1b\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/h2>\n

\uc720\ub85c\uc874 \ub0b4\uc5d0\uc11c \ud504\ub791\uc2a4\uc758 \uc2dc\uc2a4\ud15c\uc801 \uc911\uc694\uc131 \ub355\ubd84\uc5d0 \uc704\ud5d8\uc740 \uc790\uad6d \uad6d\uacbd\uc5d0\ub9cc \uad6d\ud55c\ub418\uc9c0 \uc54a\uc744 \uac83\uc785\ub2c8\ub2e4. \uc774\ub294 \uc774\uc804 \uc720\ub7fd \uc5d0\ub108\uc9c0 \uc1fc\ud06c\uc758 \uc804\ub2ec \ub17c\ub9ac\uc640 \ube44\uad50\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. ACE Markets\ub294 \ud504\ub791\uc2a4 \ucc44\uad8c \ub9e4\uac01 \uae30\uac04 \ub3d9\uc548 \uc774\ud0c8\ub9ac\uc544, \uc2a4\ud398\uc778, \ubca8\uae30\uc5d0, \uadf8\ub9ac\uc2a4 \ub4f1 \ubd80\ucc44\uac00 \ub9ce\uc740 \ud68c\uc6d0\uad6d\uc758 \uc218\uc775\ub960 \uc2a4\ud504\ub808\ub4dc\uac00 \ub3d9\uc2dc\uc5d0 \ud655\ub300\ub418\uc5b4 \uad6d\uac00 \ubd80\ucc44 \uc9c0\uc18d \uac00\ub2a5\uc131\uc774 \ub354 \uc774\uc0c1 \uad6d\uac00 \ubb38\uc81c\uac00 \uc544\ub2d8\uc744 \ub098\ud0c0\ub0c5\ub2c8\ub2e4. \uc704\ud5d8\uc740 \ub354\uc6b1 \uc678\ubd80\ub85c \ud655\uc0b0\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc7ac\uc815 \uc704\ud5d8\uc73c\ub85c \uc778\ud574 \uc720\ub85c\ud654\ub294 \uc57d\uc138\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \uc720\ub7fd \u200b\u200b\uc740\ud589 \ubd80\ubb38 \uc5ed\uc2dc \uc740\ud589 \uc2dc\uc2a4\ud15c\uc774 \ubcf4\uc720\ud55c \uad6d\ucc44\uc5d0 \ub300\ud55c \uc7a0\uc7ac\uc801\uc778 \ubbf8\uc2e4\ud604 \uc190\uc2e4\uc5d0 \ub300\ud574 \uc2dc\uc7a5\uc774 \uc6b0\ub824\ud558\uba74\uc11c \uc0c1\ub2f9\ud55c \uc870\uc815\uc744 \uacbd\ud5d8\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n

\"\u5c40\ubd80\u622a\u53d6_20261012_142736\"<\/p>\n

\uc774\ub7ec\ud55c \uc704\ud5d8\uc740 \uc6b0\ub9ac\uac00 \uc774\uc804\uc5d0 \ud3c9\uac00\ud55c \uc720\ub7fd\uc758 \uc5d0\ub108\uc9c0 \uc704\ud5d8\uacfc \uacf5\uba85\ud55c\ub2e4\ub294 \uc810\uc740 \uc8fc\ubaa9\ud560 \ub9cc\ud569\ub2c8\ub2e4. \uc911\ub3d9\uc758 \ubd88\uc548\uc73c\ub85c \uc778\ud574 \ucc9c\uc5f0\uac00\uc2a4\uc640 \uc6d0\uc720 \uac00\uaca9\uc774 \uc0c1\uc2b9\ud558\uace0 \uc720\ub7fd\uc758 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc0c1\uc2b9\ud558\uba70, \uc774\ub294 \ud55c\ud3b8\uc73c\ub85c\ub294 \uc815\ubd80 \uc7ac\uc815\uc744 \uc555\ubc15\ud558\uace0 \ubcf4\uc870\uae08 \uc9c0\ucd9c\uc744 \uc99d\uac00\uc2dc\ud0b5\ub2c8\ub2e4. \ubc18\uba74\uc5d0 \uc774\ub294 \uc720\ub7fd\uc911\uc559\uc740\ud589\uc758 \uae08\ub9ac \uc778\ud558 \uc5ec\uc9c0\ub97c \uc81c\ud55c\ud558\uace0, \uace0\uae08\ub9ac \ud658\uacbd\uc740 \uacb0\uacfc\uc801\uc73c\ub85c \uc5ec\ub7ec \uad6d\uac00\uc5d0 \ub300\ud55c \ubd80\ucc44 \uc7ac\uc735\uc790 \uc555\ub825\uc744 \uc545\ud654\uc2dc\ud0b5\ub2c8\ub2e4. \uc5d0\ub108\uc9c0\uc640 \uc7ac\uc815\uc774\ub77c\ub294 \ub450 \uac00\uc9c0 \uc8fc\uc694 \uc704\ud5d8\uc740 \uc0c1\ud638 \uac15\ud654\ub418\uc5b4 \uc720\ub85c\uc874\uc758 \uc804\ubc18\uc801\uc778 \ucde8\uc57d\uc131\uc744 \uc99d\ud3ed\uc2dc\ud0b5\ub2c8\ub2e4.<\/p>\n

\uc2dc\uc7a5\uc740 \uc774\uc911 \uad6c\uc870\ub97c \ubcf4\uc5ec\uc90d\ub2c8\ub2e4. \uacf5\ud669 \uc0c1\ud0dc\uc758 \ub9e4\ub3c4 \uc18d\uc5d0\uc11c \uae30\uad00\ub4e4\uc740 \"\uc798\ubabb\ub41c \uac00\uaca9 \ucc45\uc815\uc73c\ub85c \ucc3d\ucd9c\ub41c \ud669\uae08 \uae30\ud68c\"\ub97c \ud65c\uc6a9\ud558\uae30 \uc704\ud574 \uc2a4\uc2a4\ub85c\ub97c \ud3ec\uc9c0\uc154\ub2dd\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/h2>\n

\uc2dc\uc7a5\uc740 \uc720\ub7fd \ucc44\uad8c\uc758 \uc644\uc804\ud558\uace0 \ubb34\ucc28\ubcc4\uc801\uc778 \uc774\ud0c8\uc744 \uacbd\ud5d8\ud558\uc9c0 \uc54a\uc558\uc2b5\ub2c8\ub2e4. \ub300\uc2e0, \ub9ce\uc740 \ub2e8\uc77c \ub274\uc2a4 \ud574\uc11d\uc774 \uc27d\uac8c \uac04\uacfc\ud558\ub294 \ud604\uc2e4\uc778 \ubd84\uba85\ud55c \ucc28\uc774\ub97c \ubcf4\uc5ec\uc8fc\uc5c8\uc2b5\ub2c8\ub2e4. ACE Markets\uc758 \uc790\uae08 \ud750\ub984 \ubaa8\ub2c8\ud130\ub9c1 \uacb0\uacfc, \ub300\uaddc\ubaa8 \uc790\uc0b0 \uad00\ub9ac \uae30\uad00\uc740 \ud504\ub791\uc2a4 \uad6d\ucc44\uc5d0 \ub300\ud574 \uc2e0\uc911\ud55c \uc785\uc7a5\uc744 \uc720\uc9c0\ud588\uc73c\uba70 \uc120\uac70 \uc804\uc5d0 \ubcf4\uc720 \uc790\uc0b0\uc744 \ud06c\uac8c \ub298\ub9ac\ub294 \uac83\uc744 \uaebc\ub9ac\ub294 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc774\ud0c8\ub9ac\uc544, \uc2a4\ud398\uc778 \ub4f1 \uc8fc\ubcc0\uad6d \uad6d\ucc44\ub294 \ubb3c\ub860 \ud504\ub791\uc2a4 \uc6b0\ub7c9 \ud68c\uc0ac\ucc44, \uc720\ub7fd \ud22c\uc790\ub4f1\uae09 \uc2e0\uc6a9\ucc44\uad8c \ub4f1 \uc2dc\uc7a5 \uce68\uccb4\ub85c \ubd80\ub2f9\ud55c \ucc98\ubc8c\uc744 \ubc1b\uc740 \uc790\uc0b0\uc744 \ub300\uaddc\ubaa8 \uc790\ubcf8\uc774 \ub9e4\uc785\ud558\uae30 \uc2dc\uc791\ud588\ub2e4.<\/p>\n

\ub17c\ub9ac\ub294 \ubd84\uba85\ud569\ub2c8\ub2e4. \uc8fc\uad8c \uc704\ud5d8 \uc720\ucd9c\ub85c \uc778\ud574 \ucc44\uad8c\uc774 \uc804\ubc18\uc801\uc73c\ub85c \uac10\uc18c\ud588\uc9c0\ub9cc \uc77c\ubd80 \uae30\uc5c5\uc758 \ud380\ub354\uba58\ud138\uc740 \ud504\ub791\uc2a4 \uc815\ubd80\uc758 \uc7ac\uc815 \ubb38\uc81c\uc640 \uad00\ub828\uc774 \uc5c6\uc2b5\ub2c8\ub2e4. \uae30\uad00\ub4e4\uc740 \uc77c\ubc18\uc801\uc73c\ub85c \ud604\uc7ac \ud658\uacbd\uc774 2010-2012\ub144 \uc720\ub7fd \ubd80\ucc44 \uc704\uae30\uc640 \ub3d9\uc77c\ud558\uc9c0 \uc54a\ub2e4\uace0 \uc0dd\uac01\ud569\ub2c8\ub2e4. \uc720\ub85c\uc874\uc758 \uc81c\ub3c4\uc801 \ud2c0\uc740 \uac74\uc804\ud558\uba70, \uc720\ub7fd\uc911\uc559\uc740\ud589\uc740 TPI \uc804\uc1a1 \ubcf4\ud638 \ub3c4\uad6c\ub97c \ub9c8\uc74c\ub300\ub85c \ud65c\uc6a9\ud558\uc5ec \uc2dc\uc2a4\ud15c \ubd95\uad34 \uac00\ub2a5\uc131\uc744 \uc81c\ud55c\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ud328\ub2c9\uc73c\ub85c \uc778\ud574 \uc2e4\uc218\ub85c \ub9e4\uac01\ub41c \uc790\uc0b0\uc740 \ud68c\ubcf5\uc758 \uc5ec\uc9c0\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \ud380\ub4dc\ub294 \uc798\ubabb\ub41c \ubc30\ubd84\ub9cc \ud558\uace0 \uc788\uc744 \ubfd0 \ud504\ub791\uc2a4 \uad6d\uac00 \ubd80\ucc44 \uc704\ud5d8\uc758 \uc644\uc804\ud55c \ud574\uacb0\uc5d0 \ubca0\ud305\ud558\uc9c0 \uc54a\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\"\u5c40\ubd80\u622a\u53d6_20261012_145123\"<\/p>\n

\uc720\ub7fd\uc911\uc559\uc740\ud589\uc740 \ub51c\ub808\ub9c8\uc5d0 \ube60\uc84c\uc2b5\ub2c8\ub2e4. \uc815\ucc45 \ub3c4\uad6c\ub294 \ub9cc\ubcd1\ud1b5\uce58\uc57d\uc774 \uc544\ub2d9\ub2c8\ub2e4.<\/h2>\n

\uc5ec\ub7ec \ubaa8\uc21c \uc18d\uc5d0 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc740 \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uacfc \uad6d\ucc44\uc2dc\uc7a5 \ud63c\ub780\uc774\ub77c\ub294 \uc774\uc911 \uc555\ub825\uc5d0 \uc9c1\uba74\ud558\uba74\uc11c \ub51c\ub808\ub9c8\uc5d0 \ube60\uc84c\uc2b5\ub2c8\ub2e4. \ud55c\ud3b8\uc73c\ub85c\ub294 \uc5d0\ub108\uc9c0 \uac00\uaca9 \ubc18\ub4f1\uc73c\ub85c \uc778\ud574 \uc720\ub85c\uc874 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc5ec\uc804\ud788 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uace0 \uc788\uc5b4 \uc774\ub860\uc801\uc73c\ub85c \ucd94\uac00 \uae34\ucd95 \uac00\ub2a5\uc131\uc774 \ub0a8\uc544 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \ubc18\uba74 \ud504\ub791\uc2a4\ub97c \ud544\ub450\ub85c \ubd80\ucc44\uac00 \ub9ce\uc740 \uad6d\uac00\uc758 \uad6d\ucc44 \uae08\ub9ac\uac00 \uce58\uc19f\ub294 \uac83 \uc790\uccb4\uac00 \uae08\uc735\uc5ec\uac74\uc744 \uae34\ucd95\uc2dc\ud0a4\uace0 \uc788\uc5b4 \uae08\ub9ac \uc778\uc0c1 \ud6a8\uacfc\ub97c \uc5b4\ub290 \uc815\ub3c4 \ub300\uccb4\ud560 \uc218 \uc788\ub2e4.<\/p>\n

\uc2dc\uc7a5\uc740 TPI \uc804\uc1a1 \ubcf4\ud638 \ub3c4\uad6c\uc5d0 \uae30\ub300\ub97c \uac78\uace0 \uc788\uc9c0\ub9cc, ACE Markets\ub294 \ud574\ub2f9 \ub3c4\uad6c\uac00 \uc5c4\uaca9\ud55c \uc694\uad6c \uc0ac\ud56d\uc744 \uac16\uace0 \uc788\uc73c\uba70 \ubb34\uc870\uac74\uc801\uc778 \uad6c\uc81c \uc218\ub2e8\uc740 \uc544\ub2c8\ub77c\uace0 \uc9c0\uc801\ud569\ub2c8\ub2e4. TPI\ub97c \ud65c\uc131\ud654\ud558\ub824\uba74 \uad6d\uac00\uac00 \uc9c0\uc18d \uac00\ub2a5\ud55c \ubd80\ucc44\ub97c \ubcf4\uc720\ud558\uace0 \ubb34\uc5c7\ubcf4\ub2e4\ub3c4 EU \uc7ac\uc815 \uccb4\uacc4\ub97c \uc900\uc218\ud574\uc57c \ud569\ub2c8\ub2e4. \ud504\ub791\uc2a4\ub294 \uc218\ub144\uac04 \uc801\uc790 \ud55c\ub3c4\ub97c \ucd08\uacfc\ud574 \ud604\uc7ac \uacfc\ub3c4\ud55c \uc801\uc790 \uc0c1\ud0dc\uc5d0 \ube60\uc838 \uc788\ub2e4. ECB\uac00 \uc774 \ub3c4\uad6c\ub97c \uc27d\uac8c \ud65c\uc131\ud654\ud558\uba74 \uc2dc\uc7a5\uc740 \uc774\ub97c \ud68c\uc6d0\uad6d\uc758 \uc5f4\uc545\ud55c \uc7ac\uc815\uc744 \uad6c\uc81c\ud558\uace0 \uc778\ud50c\ub808\uc774\uc158 \ud1f4\uce58\uc5d0 \ub300\ud55c \uc2e0\ub8b0\uc131\uc744 \uc190\uc0c1\uc2dc\ud0a4\ub294 \uac83\uc73c\ub85c \ud574\uc11d\ud560 \uac83\uc785\ub2c8\ub2e4. \ub9cc\uc57d \uadf8\uac83\uc774 \ube44\ud65c\uc131 \uc0c1\ud0dc\ub85c \uc720\uc9c0\ub41c\ub2e4\uba74, \uc8fc\uad8c\uc801 \uc704\ud5d8\uc774 \uc678\ubd80\ub85c \ud655\uc0b0\ub420 \uc218 \uc788\uc744 \uac83\uc785\ub2c8\ub2e4. \ud504\ub791\uc2a4 \uc911\uc559\uc740\ud589 \uc5ed\uc2dc \uc790\uc2e0\uc758 \ucc45\uc784\uc774 \ud68c\uc6d0\uad6d\uc758 \uc608\uc0b0 \ubb38\uc81c\ub97c \ud574\uacb0\ud558\ub294 \uac83\uc774 \uc544\ub2c8\ub77c\ub294 \uc810\uc744 \uacf5\uac1c\uc801\uc73c\ub85c \ubc1d\ud614\uc2b5\ub2c8\ub2e4. ECB\ub294 \uc6c0\uc9c1\uc77c \uc5ec\uc9c0\uac00 \uac70\uc758 \uc5c6\uc2b5\ub2c8\ub2e4.<\/p>\n

ACE \uc2dc\uc7a5 \uc885\ud569 \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d<\/h2>\n

\uc7ac\uc815 \ub370\uc774\ud130, \uc815\uce58\uc801 \ucc45\ub7b5, \uc5d0\ub108\uc9c0 \uc778\ud50c\ub808\uc774\uc158, \uae30\uad00 \ubcf4\uc720, \uc911\uc559\uc740\ud589 \ub3c4\uad6c \uc81c\uc57d\uc5d0 \ub300\ud55c \ud3ec\uad04\uc801\uc778 \uad50\ucc28 \uac80\uc99d\uc744 \ubc14\ud0d5\uc73c\ub85c \uc6b0\ub9ac\ub294 \ud575\uc2ec \ud310\ub2e8\uc744 \uc81c\uc2dc\ud569\ub2c8\ub2e4.<\/p>\n

\"\u5c40\ubd80\u622a\u53d6_20261012_145352\"<\/p>\n

    \n
  1. \uae30\uc900 \uc2dc\ub098\ub9ac\uc624 <\/strong>: \uc720\ub7fd\ubd80\ucc44\uc704\uae30\uc758 \uad6c\ubc84\uc804\uc740 \ub2e8\uc21c \ubc18\ubcf5\uc774 \uc544\ub2d0 \uac83\uc774\ub2e4. \uc2dc\uc2a4\ud15c\uacfc \uc704\uae30 \ub3c4\uad6c\ub294 \uc21c\uc775 \ubcf4\ud638\ub97c \uc81c\uacf5\ud558\uc9c0\ub9cc, \ud504\ub791\uc2a4\uc758 \uc7ac\uc815 \uac1c\ud601\uc740 \uc815\uce58\ub85c \uc778\ud574 \ubc29\ud574\ub97c \ubc1b\uace0, \uad6d\uac00 \ud504\ub9ac\ubbf8\uc5c4\uc740 \uc624\ub7ab\ub3d9\uc548 \ub192\uc740 \uc218\uc900\uc73c\ub85c \uc720\uc9c0\ub420 \uac83\uc774\uba70, \ucc44\uad8c \uc2dc\uc7a5\uc758 \ub192\uc740 \ubcc0\ub3d9\uc131\uc740 \ud45c\uc900\uc774 \ub420 \uac83\uc785\ub2c8\ub2e4.<\/li>\n
  2. \uc0c1\uc2b9 \uc704\ud5d8 \uc2dc\ub098\ub9ac\uc624 <\/strong>: \uc608\uc0b0 \uc81c\uc548\uc774 \uc9c0\uc5f0\ub418\uace0, \uc120\uac70 \uae30\ub300\uac10\uc774 \uc545\ud654\ub418\uace0, \uc911\ub3d9 \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \ub2e4\uc2dc \uae09\ub4f1\ud558\uc5ec \uc704\ud5d8\uc774 \uc678\ubd80\ub85c \uae09\uc18d\ud788 \ud655\uc0b0\ub418\uace0 \uc720\ub85c \ubc0f \uc720\ub7fd \uc740\ud589 \ubd80\ubb38\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce69\ub2c8\ub2e4.<\/li>\n
  3. \ubcf5\uad6c \uc2dc\ub098\ub9ac\uc624 <\/strong>: \uc7ac\uc815 \uc9d1\ud589\uc774 \uc5b4\ub824\uc6b4 \ub370\ub2e4 \uaca8\uc6b8\ucca0 \uc5d0\ub108\uc9c0 \ub9ac\uc2a4\ud06c\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub0ae\uc744 \uacbd\uc6b0 \uacfc\ub9e4\ub3c4 \uc0c1\ud0dc\uc600\ub358 \uc678\uad6d \uad6d\ucc44\uc640 \uc720\ub7fd \ud68c\uc0ac\ucc44\uc758 \ubc38\ub958\uc5d0\uc774\uc158 \ud68c\ubcf5\uc774 \uae30\ub300\ub41c\ub2e4.<\/li>\n<\/ol>\n

    \uc55e\uc73c\ub85c\ub294 \ud504\ub791\uc2a4 \uc758\ud68c \uc608\uc0b0 \ud22c\ud45c \uacb0\uacfc, \uaca8\uc6b8 \uc11d\uc720 \ubc0f \uac00\uc2a4 \uac00\uaca9 \ucd94\uc138, TPI \ub3c4\uad6c\uc5d0 \ub300\ud55c \uc720\ub7fd \uc911\uc559 \uc740\ud589\uc758 \uc785\uc7a5 \ub4f1 \uc138 \uac00\uc9c0 \uc8fc\uc694 \uc2e0\ud638\ub97c \uba74\ubc00\ud788 \ubaa8\ub2c8\ud130\ub9c1\ud558\ub294 \uac83\uc774 \uc911\uc694\ud569\ub2c8\ub2e4. \uc2dc\uc7a5\uc740 \ubd80\ucc44\ub098 \uc5d0\ub108\uc9c0\ub97c \uace0\ub9bd\ub41c \ubcc0\uc218\ub85c \ubcfc \uc218 \uc5c6\uc2b5\ub2c8\ub2e4. \ud604\uc7ac \uc720\ub85c\uc874\uc5d0 \ub300\ud55c \uc555\ub825\uc740 \uc9c0\uc815\ud559\uc801 \ucda9\uaca9\uacfc \uc5d0\ub108\uc9c0 \ucda9\uaca9\uc758 \uc0c1\ud638\uc791\uc6a9, \uace0\uae08\ub9ac\uc758 \uc9c0\uc18d\uc801\uc778 \uc601\ud5a5, \uc120\uac70 \uae30\uac04 \uc911 \uc7ac\uc815 \uc644\ud654\uc758 \uc0b0\ubb3c\uc785\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"

    \ud504\ub791\uc2a4 \ubd80\ucc44 \uc704\ud5d8, \uc720\ub7fd \uc5d0\ub108\uc9c0 \ucda9\uaca9, ECB \uc815\ucc45 \ud55c\ub3c4\uac00 \uc5b4\ub5bb\uac8c \uc0c1\ud638 \uc791\uc6a9\ud558\uc5ec \uc720\ub85c\uc874 \ucc44\uad8c \uc2dc\uc7a5\uc744 \ud615\uc131\ud558\uace0 \uac00\uaca9\uc774 \uc798\ubabb \ucc45\uc815\ub41c \uae30\ud68c\uac00 \ub098\ud0c0\ub0a0 \uc218 \uc788\ub294\uc9c0 \uc54c\uc544\ubcf4\uc138\uc694.<\/p>","protected":false},"author":1,"featured_media":9928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[115],"tags":[993,994,995],"class_list":["post-9927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-eurozone-sovereign-debt-risk","tag-franco-german-bond-spread","tag-french-debt-crisis-2027"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/posts\/9927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/comments?post=9927"}],"version-history":[{"count":1,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/posts\/9927\/revisions"}],"predecessor-version":[{"id":9934,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/posts\/9927\/revisions\/9934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/media\/9928"}],"wp:attachment":[{"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/media?parent=9927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/categories?post=9927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/tags?post=9927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}