Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1

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Un altro paio di posts cosi' e magari tua moglie torna pure a dartela :-o

Contribuisco alla causa.

:lol::lol::lol:


Greece optimistic ahead of EU, IMF visit
By Didier Kunz (AFP) – 1 hour ago
ATHENS — Greek politicians were optimistic ahead of a visit Monday by experts from the European Union and the International Monetary Fund to check the government's progress implementing its tough austerity plan.
Early signs suggested that the controversial measures, which have provoked violent street protests and a series of strikes, were bearing fruit.
According to official figures, the overall government deficit in the January-to-May period came to 8.973 billion euros (10.931 billion dollars) compared to 14.655 billion euros over the same period in 2009.
For Finance Minister Georges Papaconstantinou, these latest figures showed that the government's economic recovery plan was not just on the right track but ahead of schedule.
For the figures represent a 38.8-percent reduction on the same period in 2009: better than the 35.1-percent cut forecast for the whole of 2010.
The socialist government, in power since October last year, has undertaken to make 30 billion euros' worth of savings to cut its massive public deficit, nearly 14 percent of GDP in 2009, to less than three percent by 2014.
On that basis, the European Union and the IMF put together a 10-billion euro aid package, to be paid out over three years, but subject to strict checks on the country's finances.
Greece, which has to get its deficit down to 8.1 percent of GDP by the end of this year, has already received a 20-billion-euro payment to help it avoid defaulting on its debts.
It is due to receive another two payments of nine billion euros, in September and December this year.
The efforts of the Athens administration have already been acknowledged abroad.
Handelsblatt, the respected German economic newspaper compared Greece's efforts favourably with the Germany's austerity plan, in an editorial last Wednesday.
"Europeans can now learn from Greece, rather than Germany, how to consolidate a budget," the paper said.
Jean-Claude Trichet, president of the European Central Bank also praised the Greek austerity programme in a speech in Vienna Thursday.
"It is based on prudent macroeconomic assumptions... It has the potential to correct long-standing flaws, because it entails a very comprehensive structural reform package," he said.
"We consider that the Greek programme has the appropriate features to succeed," he added.
At the same conference, Greek Prime Minister Georges Papandreou declared: "Today is the first time when I can look to the future with optimism.
"We have taken difficult decisions, tough but necessary decisions. And we are now witnessing the first signs that we are turning the corner," he added.
And in an interview with Austria's Der Standard newspaper, he said the fight against corruption would allow them to make around 20 billion euros of savings -- eight percent of GDP -- thus further reducing the public deficit.
The socialists' anti-corruption drive has included naming and shaming tax-avoiders from well-off doctors to show business personalities. They have even sidelined 20 senior tax office judged "inefficient".
Nor has their own party been spared: PASOK suspended Akis Tsohatzopoulos, a former minister, pending an investigation of the fortune he has acquired through property dealings.
The government has also announced a privatisation plan that will affect the railways, the postal service, the ports, casinos and utilities such as water services.
This, they calculate, will bring another billion euros into the public coffers by 2013.
But the government still has to tackle the pensions issue, which both the EU and the IMF feel has to be confronted.
Plans to raise the retirement age and cut pensions have provoked a furious reaction from the unions, who have already taken their protests on to the streets.
They plan a further demonstration in Athens on Wednesday.
 
Ciao Tommy , ma perche' nel 2011 ? sono stati stanziati fondi che dovrebbero finanziare e sorreggere la Grecia x 3 anni e non credo che x qualche punto in piu' o meno sul programa del FMI la facciano saltare . Se gli scenari non sono cambiati in maniera drastica gl' interessi europei saranno uguali a quelli d' ora ed essendo guidati da Politici qualche scusa la troveranno per non trovarsi un problemone di questa portata da gestire.
Si inventeranno qualche Banca del Med che deve finanziare lo sviluppo dei Paesi Med et et eh eh :D
Mi sembra che col fatto che ci sia in gioco l' euro e la sua credibilita' , la posta sia troppo alta x lasciare che la Grecia influenzi il corso della moneta unica . Semmai , come hanno (secondo me) gia' fatto , possono ritornare a strumentalizzare la situazione a proprio vantaggio perche' l' €uro debole e' un potente mezzo per rilanciare l' economia europea .
Vedevo un programma su CNBC in cui intervistavano una Drittona di NY che , in controtendenza , diceva che era il momento di investire su un bel numero di societa' europee perche' un grande parte portava a casa il 45 / 50 % del fatturato fuori europa , oltre ovviamente alle soc. tot. esportatrici e tutte sono scontate sia x i cali di borsa e sia per l' euro debole.
Se , come dice Gaudente , ai Greci non gli fa male il caldo (o qualcuno li spinge .. ) e ribaltano il Governo , per me in europa non trovo interessi nel far si che la Grecia esca o faccia default , ne ora e quanto meno dopo , se l' economia si sta riprendendo.
Semmai dobbiamo vedere gl' interessi d'oltre oceano dove stanno realmente? e quanto invece la speculazione int. possa riuscire ad incrinare anche altri stati membri dell' unione ? per me i dubbi sono in questa area ed in base alla portata speculativa si possono aprire vari scenari , in cui quello greco potrebbe diventare di secondaria importanza ....

Indicavo il 2011 come anno di svolta. Se tutto procederà come da programma allora supereremo tranquillamente anche gli anni a venire.

I fondi messi a disposizione per tre anni servono alla Grecia per non fare ricorso sul mercato quindi (malignamente) può permettersi di intervenire sul proprio debito.
Alla Grecia farebbe comodo fare haircut ... sono altri che non possono permetterselo.

Ma questi sono soltanto scenari. Come ripeto, io credo che Papandreou riesca ad uscirne.
 
[FONT=Arial,Helvetica,sans-serif][SIZE=-1]Crisi greca, governo ottimista[/SIZE][/FONT]

[FONT=Arial,Helvetica,sans-serif][SIZE=-1]ATENE - I greci appaiono sempre più preoccupati per la crisi economica e cresce, secondo i sondaggi, la sfiducia nella capacità della classe politica di condurre sino in fondo la lotta contro la corruzione, malgrado questa sia al centro dell’agenda del premier Giorgio Papandreou. I dati incoraggianti sul deficit spingono tuttavia il governo socialista all’ottimismo e, alla vigilia di una nuova missione Ue-Fmi, Atene esclude nuove misure e si propone addirittura come possibile esempio delle riforme di cui l’Europa ha bisogno.
Gli esperti della Commissione della Bce e del Fmi riprenderanno a partire da domani la verifica dello stato di attuazione del piano di austerità, anche alla luce della riforma pensionistica che sta per arrivare in parlamento e che continua a provocare proteste e manifestazioni che segnalano come la reazione sociale continui ad essere forte. Secondo un sondaggio della società Pulse pubblicato oggi dalla stampa, il 74% dei cittadini si aspetta un peggioramento della propria situazione economica entro la fine dell’anno e il 65% ritiene che il Paese stia andando nella direzione sbagliata.
Un’inchiesta di Public Issue per il quotidiano conservatore Kathimerini rivela d’altra parte che oltre la metà dei Greci non ha fiducia in alcuno dei principali partiti per la lotta alla corruzione vista soprattutto come un’emanazione del sistema politico, anche se Papandreou resta il più attendibile. Questa sfiducia insieme a una presunta “difficoltà ad attuare il Memorandum con Ue e Fmi” fa ipotizzare a Kathimerini scenari di elezioni anticipate.

(Corriere Canadese)
[/SIZE][/FONT]
 
Deutsche Bank CEO says Greek PM's commitment changed his mind


Edward Taylor - 14.06.2010


Greek Prime Minister George Papandreou told a meeting of top bankers on Friday he would not back down in the face of the country's debt crisis but would do what was needed get Greece back onto a growth track.
His audience gave the Socialist premier a standing ovation and made host Deutsche Bank Chief Josef Ackermann announce a change of mind about Greece's ability to overcome the crisis.
Papandreou said his government made a conscious decision against default and against leaving the euro, a decision that made "good economic sense" and repeated a pledge that the country would pay its dues.
"We will honour our contracts with the financial community and yes, we will pay our debts," Papandreou told bankers at a meeting of the Institute of International Finance (IIF), a lobby group of some 400 of the world's top financial institutions.
"We take our mandate for change very seriously. And I have absolutely no intention to give up or back down," he said. "I do not care if this is my only term as prime minister. I have done what I thought was necessary to save Greece from disaster."
Ackermann, IIF Chairman and head of Germany's biggest bank, had said last month he doubted whether Greece could turn the corner but told his fellow bankers on Friday that Papandreou's personal commitment to reform had made him change his mind.
"Based on the personal commitment by the Prime Minister to implement the necessary reforms, even sacrificing his own political future, I'm convinced that it will enable (Greece) to allow them to service its debt," Ackermann told reporters on the sidelines of the dinner.


RADICAL MEASURES
Papandreou said the changes his government had started and the "radical measures" it was taking were done "... to exclude default and to exclude exit from the euro zone," he said.
"Those would have been a very different option -- which we very clearly decided not to buy into."
Papandreou said the country's banks had a strong standing and part of the rescue package put up by the European Union and the International Monetary Fund was a safety net to support them if need be.
He said he had taken tough decisions aimed at reducing the Greek deficit to 8.1 percent of GDP from 13.6 percent in 2010, by cutting public sector salaries, public and private sector pensions and public sector spending, and raising value added tax and excise taxes.
"In the first five months of the year, the deficit is down 40 percent compared with the same period last year," he said. "Revenues are up and expenditures have been severely curtailed."
A new autonomous statistics authority, an overhaul of the tax system, reforms of public sector recruitment and the pension system, and a crackdown on corruption are also under way.
"My goal is a complete reorientation of the Greek economy" through a 3-year programme, he said.
At a European level, "we should now work for a permanent stabilisation fund, a new European Monetary Fund financed by contributions of eurozone members proportionate to the size of their wealth," he said.
Papandreou also called for a more efficient financial supervisory framework with greater transparency, especially for off-balance sheet items and derivatives. Source: Reuters; Balkans.com
 
articolo interessante.

Deutsche Bank CEO says Greek PM's commitment changed his mind


Edward Taylor - 14.06.2010


Greek Prime Minister George Papandreou told a meeting of top bankers on Friday he would not back down in the face of the country's debt crisis but would do what was needed get Greece back onto a growth track.
His audience gave the Socialist premier a standing ovation and made host Deutsche Bank Chief Josef Ackermann announce a change of mind about Greece's ability to overcome the crisis.
Papandreou said his government made a conscious decision against default and against leaving the euro, a decision that made "good economic sense" and repeated a pledge that the country would pay its dues.
"We will honour our contracts with the financial community and yes, we will pay our debts," Papandreou told bankers at a meeting of the Institute of International Finance (IIF), a lobby group of some 400 of the world's top financial institutions.
"We take our mandate for change very seriously. And I have absolutely no intention to give up or back down," he said. "I do not care if this is my only term as prime minister. I have done what I thought was necessary to save Greece from disaster."
Ackermann, IIF Chairman and head of Germany's biggest bank, had said last month he doubted whether Greece could turn the corner but told his fellow bankers on Friday that Papandreou's personal commitment to reform had made him change his mind.
"Based on the personal commitment by the Prime Minister to implement the necessary reforms, even sacrificing his own political future, I'm convinced that it will enable (Greece) to allow them to service its debt," Ackermann told reporters on the sidelines of the dinner.

RADICAL MEASURES
Papandreou said the changes his government had started and the "radical measures" it was taking were done "... to exclude default and to exclude exit from the euro zone," he said.
"Those would have been a very different option -- which we very clearly decided not to buy into."
Papandreou said the country's banks had a strong standing and part of the rescue package put up by the European Union and the International Monetary Fund was a safety net to support them if need be.
He said he had taken tough decisions aimed at reducing the Greek deficit to 8.1 percent of GDP from 13.6 percent in 2010, by cutting public sector salaries, public and private sector pensions and public sector spending, and raising value added tax and excise taxes.
"In the first five months of the year, the deficit is down 40 percent compared with the same period last year," he said. "Revenues are up and expenditures have been severely curtailed."
A new autonomous statistics authority, an overhaul of the tax system, reforms of public sector recruitment and the pension system, and a crackdown on corruption are also under way.
"My goal is a complete reorientation of the Greek economy" through a 3-year programme, he said.
At a European level, "we should now work for a permanent stabilisation fund, a new European Monetary Fund financed by contributions of eurozone members proportionate to the size of their wealth," he said.
Papandreou also called for a more efficient financial supervisory framework with greater transparency, especially for off-balance sheet items and derivatives. Source: Reuters; Balkans.com
 
Deutsche Bank CEO says Greek PM's commitment changed his mind
...
Ackermann, IIF Chairman and head of Germany's biggest bank, had said last month he doubted whether Greece could turn the corner but told his fellow bankers on Friday that Papandreou's personal commitment to reform had made him change his mind.
"Based on the personal commitment by the Prime Minister to implement the necessary reforms, even sacrificing his own political future, I'm convinced that it will enable (Greece) to allow them to service its debt," Ackermann told reporters on the sidelines of the dinner.
...

E pensare che costui un paio di settimane fa, fece scendere le borse europee del 4% con una dichiarazione che la Grecia non ce l'avrebbe fatta
 
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