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

[Grisù]

Vima, Greece: Troika requires higher revenues collectability

04 August 2010 | 09:29 | FOCUS News Agency


Athens. Representatives of the Troika require Greece to take measures for higher revenues collectability, Greek Vima daily reports.
According to the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF) revenues collectability in H1 2010 is insufficient. The EU joint mission required the Greek government to take actions on the issue at the meeting with Greek Economy Minister George Papaconstantinou, since the planned EUR 1.4 billion revenues are not enough.
The final version of the report on Greece’s progress, worked out by the EC, the ECB and the IMF, will be officially passed on Wednesday.

Ma tagliare di 1 milardo e mezzo le spese militari sarebbe troppo facile?

Immagino che l'ex ministro italiano sia stato chiamato a dargli una mano anche in tal senso. Circa mezzo punto di PIL che sarebbe meglio recuperare senza inasprire la tassazione sul popolo greco.
Stiamo a vedere, i consigli dell'IMF generalmente sono delle fesserie quindi mi auguro che non gli diano ascolto.

 

[tommy271]

Sales fail to ease pain among retailers


Some 65,000 enterprises are close to shutting up shop due to the financial crisis, according to estimates from the National Confederation of Greek Commerce (ESEE), which expects job cuts in the sector to reach up to 100,000 by the end of the year.
At the same time, revenues from the two-week-old summer sales season have failed to cheer up merchants. Estimates show that revenues from the the sales period so far have been around 10 percent lower than last year’s levels.
Data from the Hellenic Statistical Authority confirm the downward trend in retail activity. Retail sales volume in May fell at an annual pace of 7.3 percent, with the biggest drop-off recorded by clothing, footwear and department stores.
With consumers keeping a tight grip on purse strings, fearing a deterioration in labor market conditions, the retail trade sector is expected to keep hurting until the end of the year.
Data from Athens Chamber of Commerce and Industry (EBEA), the country’s largest business group, show that 13.8 percent of enterprises located in the central Athens district closed down in the first five months of the year.
A recent study held by EBEA found that one in two are prepared to closed down in the next year if conditions don’t improve.


(Kathimerini.gr)

 

[tommy271]

Jobless rate to rise sharply after summer


Greece’s unemployment rate is expected to jump 20 percent in the fall, from 11.7 percent in the first three months of the year, according to the General Confederation of Labor (GSEE).
INE, GSEE’s research body, estimates that the number of people looking for work before winter could hit the 1 million mark, versus 586,767 jobless at the start of the year.
The economic crisis, along with July’s changes to labor market laws, which enable employers to make faster payroll cuts, will lead to the sharp increase in the number of unemployed, according to INE.
Greece’s unemployment rate has been growing steadily as the economy sinks deeper into recession under the weight of the government’s austerity measures, which include cutting public sector salaries and repeated value-added tax hikes.
Economists believe labor market conditions are expected to keep deteriorating, particularly in the third quarter of the year, as the austerity measures bite. According to the International Monetary Fund, which is co-funding Greece over the next three years in a 110-billion-euro bailout program, the country’s jobless rate is seen jumping to 14.6 percent in 2011 from 11.8 percent this year.


(Kathimerini.gr)

 

[tommy271]

EU/IMF Mission Points To New Measures



The EU/IMF mission that is visiting Athens is openly pressing the Ministry of Finance to take new measures so as to deal with a EUR1.44 bil. revenue shortfall registered in the first half.

The progress report that will be finalised Wednesday is expected to include comments on that.

At a meeting Tuesday between the mission and George Papaconstantinou, Greece’s Finance Minister, the European Commission’s representative was clear on the matter: “If the revenue side is not fixed, the deficit target is at risk.”

These changes were identified in improving the efficiency of the tax administration, which is not a quick fix. But this is something is not done easily or quickly. Essentially, the prompt would was take further steps to crack down on tax evasion.

Sources from the Ministry of Finance stressed that the introduction of new tax measures now would have uncertain results and would also run the risk of social outbreak, jeopardising the implementation of the memorandum.

(Capital.gr)

 

[tommy271]

Ma tagliare di 1 milardo e mezzo le spese militari sarebbe troppo facile?

Immagino che l'ex ministro italiano sia stato chiamato a dargli una mano anche in tal senso. Circa mezzo punto di PIL che sarebbe meglio recuperare senza inasprire la tassazione sul popolo greco.
Stiamo a vedere, i consigli dell'IMF generalmente sono delle fesserie quindi mi auguro che non gli diano ascolto.

Le spese militari sinora non sono state toccate ( e sono enormi rispetto al paese) ... serve prima che la politica renda il clima più sereno.

 

[Topgun1976]

Le spese militari sinora non sono state toccate ( e sono enormi rispetto al paese) ... serve prima che la politica renda il clima più sereno.

Sul fronte militare cè Qlc (Francia Germania)che non vuole ci siano tagli

 

[Grisù]

Le spese militari sinora non sono state toccate ( e sono enormi rispetto al paese) ... serve prima che la politica renda il clima più sereno.

Non sono state toccate perché i fornitori sono tedeschi e francesi .

I greci devono fare attenzione, le misure IMF portano generalmente a scenari da default introducendo aspetti di depressione generalizzata. Far crescere tasse e conseguentemente fallimenti imprenditoriali e disoccupazione non deve essere la cura, altrimenti il paziente poi muore.

 

[tommy271]

Non sono state toccate perché i fornitori sono tedeschi e francesi .

I greci devono fare attenzione, le misure IMF portano generalmente a scenari da default introducendo aspetti di depressione generalizzata. Far crescere tasse e conseguentemente fallimenti imprenditoriali e disoccupazione non deve essere la cura, altrimenti il paziente poi muore.

I fornitori li conosciamo ...
Anch'io sulle "cure" del FMI ci vado molto cauto. Non è una passeggiata sia per la popolazione sia, in ultima analisti, per noi bondisti.

 

[tommy271]

Russians Look Into Greece For Real Estate Investments



Rich Russians are looking into Greece for real estate bargains, particularly land and hotels.

G. Pililitsis, Mayor of Sapon, a small Greek city, told newspaper “Thraki” that Russian investors have expressed interest in investing in Serres Industrial Park Serres.

At the same time, ten Russian moguls plan to invest more than half billion euro in Greek real estate to develop resorts or acquire hotels.

The recession in Russia, which now seems to have passed, has recently turned up numerous Russian businessmen who wished to buy property, amounting to 4-7 million in a small elite who do not buy land worth less than 200 -300 million.

Sources told Capital.gr that the Muscovite oligarchs buy bargains and wait until the prices of Greek properties to drop.

In addition to the tycoons, more wealthy Russians are interested in luxury flats and seaside holiday homes. Real estate agents say that their interest is focused on five Greek regions: In Halkidiki, in Corfu, in Crete, Rhodes and Zakynthos.

(Capital.gr)

 

[tommy271]

Grecia: Zingales, non è stata salvata Atene ma banche tedesche e francesi

04/08/2010 10.00
"Il debito greco non verrà ripagato. Ne riparleremo tra un anno". Questa l'opinione di Luigi Zingales, docente al Graduate School of Business di Chicago, espressa durante la manifestazione Cortina Incontra, sul tema "Business et etica, oggi sposi?". Secondo il docente il salvataggio a favore delle Grecia in verità è stata una mossa per salvare gli istituti di credito tedeschi e francesi, esposti verso il paese. "Non è stata salvata la Grecia, ma sono state salvate le banche tedesche e francesi. Il loro indebitamento adesso è stato trasferito alla Bce".


(MIlano Finanza.it)