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

[tommy271]

Greece Picks Deutsche Bank, HSBC And Lazard As Advisers



Greece’s Finance Ministry Thursday said it picked Deutsche Bank AG London Branch, HSBC BANK PLC and Lazard Freres SAS as advisors on privatisations and mergers of state run banks.

“The government will take any measure necessary to secure the stability of the Greek financial system and promote its strategic restructuring,” the announcement said.

Last month, Piraeus Bank made an approx. EUR700 bil. bid for government stakes in Hellenic Postbank and ATEBank.

(Capital.gr)

***
Lazar non è in Grecia solo per l'haircut sui titoli GGB... forse è consulente per le privatizzazioni. Le competenze non mancano.

 

[ferdo]

Greece Picks Deutsche Bank, HSBC And Lazard As Advisers



Greece’s Finance Ministry Thursday said it picked Deutsche Bank AG London Branch, HSBC BANK PLC and Lazard Freres SAS as advisors on privatisations and mergers of state run banks.

“The government will take any measure necessary to secure the stability of the Greek financial system and promote its strategic restructuring,” the announcement said.

Last month, Piraeus Bank made an approx. EUR700 bil. bid for government stakes in Hellenic Postbank and ATEBank.

(Capital.gr)

***
Lazar non è in Grecia solo per l'haircut sui titoli GGB... forse è consulente per le privatizzazioni. Le competenze non mancano.

meno male che c'è DB ... faranno trading e speculeranno, ma magari non hanno interesse a mandarla dal kiu.lo

 

[tommy271]

Divagazioni del "contestato" Fugnoli:

http://www.kairospartners.com/drupa...newsletter/Il grande silenzio-RN-26.08.10.pdf

 

[tommy271]

Deposits At Greek Banks Drop In Juy



Deposits at Greek banks fell to EUR367.5 bil. in July from EUR372.4 bil. in June, data released by the European Central Bank showed, Reuters reports.

Excluding central government and financial institutions deposits, the month on month drop comes at EUR4.5 bil. to EUR218.4 bil. Measured this way, deposits have fallen every month since December and are now about 10 percent lower.

Bank deposits of euro area residents in Spain and Ireland also fell in July, but rose in Portugal.

The ECB said that deposits in July also dropped in Spanish and Irish banks but increased in Portugal.

(Capital.gr)

 

[tommy271]

Borsa Atene: Ase chiude a +1,7%, guidano i bancari


MILANO (MF-DJ)--L'indice Ase di Atene cresce dell'1,7%, a quota 1541,72 punti, in scia ad un rimbalzo tecnico guidato dai titoli bancari dopo i commenti positivi di Goldman Sachs.
"Finora i risultati trimestrali non sono riusciti a stimolare i mercati, molte societa' hanno subito la recessione a livello locale che e' stata scontata dai valori azionari", commenta un analista e aggiunge: "Il sentiment sul breve periodo potrebbe essere risollevato da notizie positive ma e' difficile che accada dato il trend in continuo ribasso."
In territorio positivo Eurobank a +8%, Alpha a +5,2%, National a +4,1%, Piraeus a +3,7%, Opap a +1,9% e Titan a +0,3%.

 

[tommy271]

Ieri giornata interlocutoria, l'emorragia da allargamento si è arrestata. Per il momento.
La prossima settimana vedremo se la nostra Grecia riuscirà a riguadagnare gli spread persi.

Grecia 947 pb. (945)
Irlanda 351 pb. (352)
Portogallo 333 pb. (332)
Spagna 189 pb. (187)
Italia 163 pb. (162)

 

[tommy271]

Ue, sondaggio: gradimento popolare su adesione a minimo 9 anni

giovedì 26 agosto 2010 19:05


di Marcin Grajewski

BRUXELLES 26 agosto (Reuters) - Il consenso popolare nei confronti dell'adesione all'Unione Europea è diminuito toccando il minimo degli ultimi nove anni nei 27 paesi membri, dice oggi un sondaggio.
Il sondaggio annuale Eurobarometro è stato condotto a maggio, in un momento in cui l'Ue è stata duramente colpita dai problemi del debito sovrano e per la recessione di alcuni stati.
Secondo il sondaggio, condotto dal gruppo di ricerca Tns della Commissione Europea, il gradimento nei confronti della partecipazione all'Europa è sceso di 4 punti al 49%, sottolineando le paure per un'ulteriore recessione.
Il sondaggio ha chiesto, in media a 1.000 persone in ciascun paese membro, se l'adesione all'Ue sia stata positiva, negativa o non abbia avuto significativi effetti sul loro paese. La percentuale di persone per cui è stata "negativa" è salita al 18% dal 15% dell'anno scorso.
In Germania, la principale economia europea e tradizionalmente favorevole all'Ue, il consenso è sceso invece al 50% con una perdita di 10 punti. Molti tedeschi sono stati contrari al salvataggio di paesi della zona euro guidato dall'Ue.
Alcuni analisti e politici hanno detto che le istituzioni e i governi dell'Ue hanno reagito troppo lentamente alla peggiore crisi economica degli ultimi decenni e specialmente ai problemi derivanti dal debito greco, minacciando lo stesso euro.
In Grecia, l'approvazione nei confronti dell'Ue è scesa di 17 punti toccando il 44%. Il salvataggio della Grecia, permesso dall'Ue e dal Fondo Monetario Internazionale, è arrivato con dure misure di austerity.
La fiducia nelle istituzioni europee è scesa dal 48% al 42% ma è pur sempre superiore a quella nei confronti dei parlamenti nazionali, che scende quest'anno di un punto raggiungendo il 30%.
Sulla situazione economica generale, la percentuale di coloro che pensano che il peggio debba ancora arrivare è aumentata di un punto al 55%, mentre il 37% ritiene che la crisi abbia già raggiunto il suo picco massimo.

 

[tommy271]

Il punto sui periferici:

Dublino non paga il taglio del rating - Il Sole 24 ORE

 

[tommy271]

Differences between Greece now and Brazil then

Published: August 27 2010 02:19 | Last updated: August 27 2010 02:19

From Dr Desmond Lachman.

Sir, Alan Beattie suggests (“Brazilian lessons for Greece from the hair-shirt school”, August 25) that Greek prime minister George Papandreou would do well to emulate Brazilian president Luiz Inácio Lula da Silva’s adoption of IMF-style fiscal austerity during his early years of office. In so doing, he fails to recognise a number of fundamental differences between Greece today and Brazil then, which render such a comparison of limited value.
Brazil’s economic imbalances in 2001 were but a fraction of Greece’s more than 13 per cent of gross domestic product budget and external current account deficits. As such, the International Monetary Fund did not require that Brazil adopt anywhere near the full 10 percentage points of GDP in combined public spending cuts and tax increases that it is now required of Greece in 2010 alone. Nor did the IMF require Brazil to undertake such an unprecedented amount of fiscal tightening in the context of eurozone membership, which precludes the use of currency depreciation to boost exports.
Mr Beattie also overlooks the fact that Greece’s sovereign debt structure makes it very much more amenable to restructuring than was Brazil’s. Whereas almost the entirety of Brazil’s external debt was subject to US or UK law, around 90 per cent of Greece’s sovereign debt is subject to Greek law. As such, the Greek government can restructure the overwhelming part of its debt by a change in Greek law without the fear of being long shut out of international capital markets.
Mr Beattie is certainly correct in asserting that a Greek default would inflict major damage to the European banking system. However, it is far from clear why Mr Papandreou should put the Greek economy through the IMF wringer for the sake of some foreign banks. This would seem to be especially true when Mr Papandreou has viable policy alternatives and when, as Mr Beattie himself concedes, an eventual Greek debt restructuring is unavoidable.


Desmond Lachman,
American Enterprise Institute,
Washington, DC, US


(Financial Times)


***
Ieri avevamo postato l'articolo, questa una risposta.

 

[tommy271]

Slovakia, Germany disagree on euro governance

Published: 27 August 2010



Slovakia became the 16th member of the euro club on 1 January 2009 (EurActiv 05/01/09). The country left behind the remaining 'Visegrad Four': the Czech Republic, Poland and Hungary, which are at different degrees from joining the euro zone.
Crisis-hit Greece won eurozone finance ministers' approval on 2 May to draw €110 billion in bilateral loans over the next three years from eurozone countries and the International Monetary Fund (EurActiv 03/05/10).
Slovakia decided to submit to parliament the decision on whether to provide financial aid for debt-laden Greece and the lawmakers rejected the country’s participation to the rescue package (see EurActiv 18/08/10).

First Slovakia refused to participate in Greece's euro-backed bailout and now the two countries have diverging opinions on the future of the Stability and Growth Pact, an agreement on how countries manage their debt.
At a meeting with the Slovakian prime minister in Berlin on Wednesday (25 August), the German chancellor took a conciliatory approach to Slovakia's decision and refrained from criticising Radičová.
Since the Slovakian refusal, there has been further disagreement between the two heads of government regarding financial regulation in the euro zone.
Nine European countries had recently filed a request to change the criteria of the Stability and Growth Pact, which governs budget discipline in the countries that use the euro.
Bulgaria, the Czech Republic, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Sweden (EurActiv 18/08/10) wanted recent pension reforms to be taken into account in the EU's draft budget rules.
The countries argued that pensions were likely to inflate the budget in the short run but benefit the economy in the long term, and therefore they should not be taken into account when calculating the budget deficit, which the Stability and Growth Pact sets at 3%.
According to reports from EurActiv Germany, on Wednesday Merkel refused any changes to the criteria, as she feared an erosion of the Stability and Growth Pact at a time when the opposite was needed.
Instead, she proposed better sanctions to enforce the pact's terms. But this poses yet another problem as further sanctions would require treaty change, an eventuality that is highly contested given the time it took to ratify the Lisbon Treaty.
A statement made by Radičová in Berlin indicates that the episode may not augur well for Slovakia’s relations with the Commission.
Speaking to the press after talks with Merkel, the Slovak prime minister said that Economic and Monetary Affairs Commissioner Olli Rehn should apologise for having criticised Bratislava's refusal to provide aid to Greece (see 'Background').
Rehn was speaking outside his competency because it's not the place of an EU commissioner to comment on sovereign political matters, Radičová insisted.
Amadeu Altafaj Tardio, spokesperson for Olli Rehn, said the decisions of the Slovakian parliament would be respected even when the Commission did not agree with them.


(Euractiv.com)