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

[tommy271]

Interessanti paralleli tra la situazione Irlandese e quella Greca:

Irish Show Greeks Suffering Is Price of Admission to Euro Union - BusinessWeek

 

[tommy271]

Greece, Hungary and the IMF


Developments in Hungary over the past few days constitute a serious warning for Greece.
The recently elected government of Prime Minister Viktor Orban – which rose to power on its promise to withdraw the central European nation from a further loan deal it was to have signed with the International Monetary Fund and the European Union – has taken the risk of making its austerity-defying pledges a reality.
Yesterday, the country did not succeed in borrowing the amount it had planned to on financial markets, while the money it was able to raise came at a hefty interest rate.
The European Bank for Reconstruction and Development has warned of the risk of contagion from a sell-off in Hungary after the administration’s negotiations with the IMF and EU were suspended over the weekend.
Those in Greece who still insist that there is a different path to that of fulfilling the rules under the EU-IMF memorandum ought to take a closer look at developments in Hungary from now on.


(Ekathimerini.gr)

 

[tommy271]

Tourism arrivals and revenues drop


STATHIS KOUSOUNIS
Hellenic Statistical Authority data showed yesterday that tourism arrivals from abroad contracted by 5.3 percent in the year’s first three months, compared to the same period in 2009.
With tourism receipts in May alone posting a 9.6 percent annual decline, the picture for the industry looks rather bleak this year. Arrivals in the January-March period came to 980,411, down from 1,035,182 in the first quarter of last year. What is more drastic is the considerable drop in tourism from Great Britain, as arrivals from this major market for Greece in the first three months of the year came to just 59,339 against 70,924 last year, a 16.3 percent drop.
There was also a 15 percent drop from France and a 23.8 percent fall in arrivals from non-European Union countries in Europe. Arrivals from Germany also contracted, from 117,336 last year to 107,761 in the January-March 2010 period, an 8.2 percent decline.
Arrivals from Europe, which accounts for 85 percent of the entire market for Greece, showed a 5.1 percent drop, although there was 2.2 percent growth from EU countries. This is mostly attributed to the impressive growth in arrivals from Cyprus, which almost doubled (98.1 percent higher) over last year, growing from 56,557 to 112,055.
Bank of Greece data released yesterday also indicated an 11.5 percent decline in Greek travelers’ expenditure abroad over the first five months of the year, reaching 858 million euros against 970.4 million euros in the same period in 2009.
However in May alone this figure grew by 6.1 percent to 172.2 million euros from 162.3 million in May 2009.


(Ekathimerini.gr)

 

[tommy271]

INTERVIEW-Greece courts Libya sovereign wealth fund

Wed Jul 21, 2010 7:17am GMT

TRIPOLI July 21 (Reuters) - Greece is inviting Libya's sovereign wealth fund to help rescue its spluttering economy by investing in energy, real estate and privatisations of state firms, Greek Deputy Foreign Minister Spyros Kouvelis said.
Greek officials have been discussing investment opportunities with officials from the Libyan Investment Authority, the oil exporter's $65 billion sovereign wealth fund, Kouvelis told Reuters on a visit to Tripoli.
"We had explained to them what the investment opportunities in Greece are these days," the deputy foreign minister said in an interview late on Tuesday.
"These investment opportunities range from energy to tourism to real estate to also the privatization of public companies. There is quite a lot of discussion about that."
Asked if there were any negotiations about Libya providing loans to Greece, Kouvelis said a $134 billion bailout Athens received from the European Union and the International Monetary Fund meant it did not need additional credit.
"Loans no. We have not discussed any loans. But investments, of course," Kouvelis said.
Greece was forced to seek help to stop it sinking under the weight of its debts but until now its rescuers have been from the developed world, not emerging economies like Libya.
Libya's sovereign wealth fund is emerging as a big player in European equity markets. While rich country investors have been retrenching in the global slowdown, it has been seeking to pick up cheap assets.
Its investments already include a 4.6 percent stake in Italy's second-biggest bank, Unicredit (CRDI.MI: Quote) and a small stake in carmaker FIAT (FIA.MI: Quote). (Reporting by Salah Sarrar; Writing by Christian Lowe; Editing by Jon Hemming)

 

[g.ln]

fermata la discesa

Quello che è certo è che la discesa si è fermata ai primi di Luglio. Il recupero dei prezzi e dei volumi procede adesso lentamente, molto lentamente......
E va beh, ci vuole pazienza...
Buona giornata a tutti e un ringraziamento a Tommy , che ci tiene sempre aggiornati con le notizie di quel Paese, grande nel passato storicamente, piccolo oggi economicamente e politicamente.
Ciao, Giuseppe

 

[ferdo]

Quello che è certo è che la discesa si è fermata ai primi di Luglio. Il recupero dei prezzi e dei volumi procede adesso lentamente, molto lentamente......
E va beh, ci vuole pazienza...
Buona giornata a tutti e un ringraziamento a Tommy , che ci tiene sempre aggiornati con le notizie di quel Paese, grande nel passato storicamente, piccolo oggi economicamente e politicamente.
Ciao, Giuseppe

sinceramente negli ultimi gg vedo scambi asfittici e leggera discesa con macchinette in funzione in lettera sugli intermedi

 

[tommy271]

Aggiornamento a fine mattinata: lo spread/bund sul decennale rientra dalla fascia alta di oscillazione (760/800) posizionandosi a 784 pb. Tutto come da copione.
Mentre invece l'indice Ase della Borsa di Atene è in recupero rispetto a ieri con + 0,58 a 1588 punti, ma inferiore agli scorsi giorni dove si posizionava abbondantemente sopra i 1600.

 

[tommy271]

Greek Market Moves Higher



Athens stocks rise on Wednesday tracking European peers and on the back of hefty interest in financials.

“Yesterday΄s session was very disappointing, not as to the correction itself but to the mere size of it. The Athens market retreated significantly and closed just above the levels that would, in essence, alter the Index΄s ascending momentum and its optimum technical outlook. With news content not providing the grounds for such a downward move, we expect that the GI will react during today΄s session, opening on slightly higher grounds and attempting to stabilize thereinafter. In this context, we anticipate that the GI will move in the 1,580 - 1,600 units region, the latter consisting today΄s pivot point,” Pegasus Securities says.

“Amidst nervousness in international markets it is difficult to discern a clear short-term direction,” Eurobank Securities says.

Across the board, the General Index adds 0.97% at 1,594.19 on a total turnover of 24.95 mil. euro

Financials advance 1.65%.


(Capital.gr)


***
Per chi segue la borsa ...

 

[Capirex85]

Greece Current Account Turns To Surplus


7/20/2010 5:35 AM ET



(RTTNews) - Greece's current account balance, which is the widest measure of the country's trade balance, swung to a surplus in May compared to the same month a year ago, official figures show.

A surplus of EUR 250 million was recorded in May, compared to a deficit of EUR 1.93 billion registered a year ago. This was mainly due to a large increase in the surplus in the current transfers account and a narrowing of the trade deficit and income account deficit.

The fall in the trade deficit was driven by a EUR 276 million fall in the trade deficit excluding oil and ships, while net payments for purchases of ships and the net oil import bill rose by EUR 47 million and EUR 37 million, respectively. The surplus in the services account rose by EUR 92 million as a result of the EUR 198 million increase in net transport receipts, while net travel receipts were down EUR 95 million annually.

The current transfers account recorded a surplus of EUR 2.04 billion in May compared with a surplus of just EUR 218 million a year ago. The income account deficit shrank by EUR 76 million due to lower net interest, dividend and profit payments.

***
Il tesoretto.

Il trade deficit e l'income account deficit iniziano a ridursi... ottimo.

 

[tommy271]

Greece Beats Deficit Target In H1



Greece’s budget deficit contracted 45% in the first half of the year, final data from the Finance Ministry showed late Tuesday.

The budget gap dropped to EUR9.75 bil. compared to EUR17.87 bil. in the respective period last year.

The government’s target was 39.5%.

Net ordinary budget spending fell 12.5%, with the goal for the year being 5.5%.

Ordinary budget revenue increased 7.2% for the period, missing the 13.7% target.

(Capital.gr)