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LENDING A HELPING HAND

机译:伸出帮助手

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摘要

French state agency Caisse d'Amortissement de la Dette Sociale was set up with a limited lifespan and is confident of fulfilling its programme of taking debt off official balance sheets before its term comes to an end in 2025. Some state-owned agencies at heart seem little more than a neat way for indebted sovereigns to move unwanted debt off their official balance sheets. CADES would agree. Its sole aim is to reduce public debt. But the French body's activities are more than financial fudge. The debt transferred to it is not simply cleansed straight away. CADES has to issue its own instruments across varying maturities effectively to pay off the social security-related liabilities it takes on.
机译:法国国债发行机构的成立时间有限,并有信心在2025年任期届满前履行其从官方资产负债表上剥离债务的计划。债务主权国家将不需要的债务从其官方资产负债表中转移出来的一种巧妙方法。 CADES同意。其唯一目的是减少公共债务。但是法国机构的活动不仅仅是财务上的错误。转移给它的债务不只是立即清除。 CADES必须在不同期限内发行自己的工具,以有效地偿还其承担的与社会保障相关的债务。

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