Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (2 lettori)

[tommy271]

20 Macedonian Trucks Vandalized in Greece...Police aided Vandals


Thursday, 16 September 2010

Around twenty Macedonian trucks transiting from Athens to Solun were vandalized by locals at the outskirts of Volos.
This is not the first time, though in the latest case local police was involved in helping the vandals. Volos police pulled over Macedonian truckers to supposedly check their documents. When everything was said and done nine trucks had flat tires and scracthes even though none of the trucks carried the MK insignia.
"It's horrible transiting through Greece. Their police either doesn't do anything or they are involved in the attacks. It's ludicrous, yet I have to drive here every week" said one of the driver.
There was another absurd and brazen attack on Macedonian truckers at a parking lot in Volos. While the Macedonians were having lunch, their trucks were vandalized to levels not seeing before; with their gas supplies cut, tempering with break lines etc.
"We have filed a formal complaint to Greece's police and to our Embassy in Solun. These people are nuts. The border police is causing problems for us on daily basis. They have asked me for money and all sorts of bribes to allow my truck an entry." says an upset trucker who needed two days to fix his truck and return home.

(Macedonian International News Agency)

***
Questioni balcaniche ... tanto per capire l'aria che si respira intorno ai confini.

 

[tommy271]

Paragoni:

Greece: Sounding Very Lehman-ish -- Seeking Alpha

 

[tommy271]

IMF Would Consider Extending Greece More Aid



By NICK SKREKAS

ATHENS—The International Monetary Fund hasn't ruled out putting together more aid for Greece to help the country stave off an unlikely default, if ever needed, a person familiar with the matter said.
In May, the IMF, European Commission and European Central Bank gave Greece access to a €110 billion ($143 billion) rescue package to avoid bankruptcy in exchange for strict austerity measures.
"Despite the exceptional access and support Greece has been given so far, that does not of itself preclude a future follow-up or additional arrangement with the IMF after its expiration in three years," the person said.
This is the first hint that the IMF and other international lenders won't let Greece slide into bankruptcy if the country can't regain the confidence of markets, even after meeting the stringent conditions of the current assistance. The IMF is biding its time and hoping Greece rights itself without an extension of aid, bond-market analysts say. The fund doesn't want to pre-empt Greece's re-entry into borrowing from international markets, which is slated for next year, a senior analyst added.
Greece depends almost completely on support from the IMF and the European Union. With the exception of recently resumed monthly Greek Treasury bill auctions, it is frozen out of bond markets because its borrowing costs there are unsustainably high. Yields demanded on Greece's 10-year benchmark bond recently topped 11%.
"But the IMF expects Greece to return to normalized bond-market issuance and borrowing from international markets next year, so they don't anticipate the need for a further support package will arise," the person familiar with the matter said.
Market watchers have been concerned that despite repeated denials, Greece may eventually default on its national debt of €300 billion if borrowing rates remain unsustainably high after the rescue cash runs out in early 2012.
The local bond market is pricing in a significant 30% "haircut," or discount, on Greece's debt—an indication market participants haven't ruled out the possibility of a default.
Finance Minister George Papaconstantinou on Wednesday and Thursday was on a two-day European tour designed to drum up turnover in what is currently a very illiquid market as well as to persuade international investors that the country is making progress in slashing its deficit and that there is value in local bonds.



(The Wall Street Journal)

 

[Abulico]

Non so se sia da relazionare o meno alla news postata da Tommy appena sopra; sta di fatto che noto un mutamento nella curva dei rendimenti dei tds Greci....sinora il "picco" si registrava nel 2014, adesso si e' spostato sul 2019.
La differenza e' minima pero' e' la prima volta che questo accade, ritengo degno di nota sottolinearlo, staremo a vedere se e' un qualcosa di contingente o meno

 

[tommy271]

Non so se sia da relazionare o meno alla news postata da Tommy appena sopra; sta di fatto che noto un mutamento nella curva dei rendimenti dei tds Greci....sinora il "picco" si registrava nel 2014, adesso si e' spostato sul 2019.
La differenza e' minima pero' e' la prima volta che questo accade, ritengo degno di nota sottolinearlo, staremo a vedere se e' un qualcosa di contingente o meno

Abulico, stiamo a vedere.
Certamente uno slittamento oltre il 2013 sarebbe auspicabile ...

 

[tommy271]

PM SAYS COUNTRY REGAINING REABILITY

Πηγή: ΑΠΕ 17/09/10-10:14

Prime Minister George Papandreou stated shortly after the European Council summit in Brussels on Thursday that "the word austerity must be replaced by the word responsibility," stressing that the biggest problem faced by the country was the lack of reliability.

Papandreou pointed out that responsibility must become evident in three sectors: the managing of macroeconomic indicators, the debt and the deficits, the growth strategy that will create new jobs and will make the economy more competitive and the transition to new infrastructures and renewable energy sources.

The prime minister added that in order to reverse the climate of unreliability that was dealing a blow to the country, the government had to prove that it has the will to take difficult measures to enable the country to enter a restructuring path.

Referring in particular to the high monetary deficit, Papandreou said that it is the result of practices, over the past years, that have to do with the governance, the country's rule of law, and untransparency and which did not permit the proper managing of the country's production sources and services, as well as the money of the Greek people.

On the question of sanctions that preoccupied the European leaders on Thursday, in the framework of the discussion on the European Union's economic governance, the prime minister made it clear that Greece has no objections on the issue of sanctions, given that it is following a programme properly and this is recognised by its European partners.

"A monitoring apparatus must be created as well as a sanctions apparatus," he said, adding that "if this apparatus existed years ago, Greece would not be in this position today."

As regards the monitoring apparatus, Papandreou said that it must not concern monetary indicators only, but growth as well, while on the question of sanctions he said that they must be fair.

More specifically, Papandreou noted that Greece's position is that sanctions must not be imposed on member-states only, but also on big financial establishments that favour tax evasion through tax paradises. He added that he himself proposed to the Council the implementation of new tools to improve economic governance, such as the green bonds, the tax on transactions and the tax on carbon dioxide emissions.

Asked to comment on the possibility of the expulsion of a country from the eurozone, Papandreou replied that he considers this improbable, given that a change in the EU Treaty is not anticipatjed soon, but even if it existed, many countries have serious objections with this issue.

As regards bilateral meetings he had with heads of state and government, on the sidelines of the European Council sessions, Papandreou stressed that it is an encouarging fact that the comments of all on the efforts being made by Greece to approach its targets were positive.

"The positive comments of the Commission and our partners is an example of our country's reliability," the prime minister said, stressing that Greece desires to enter the markets as soon as possible and to forge ahead with its own forces.

Called on to comment on the International Monetary Fund's report, that refers to the stance of the opposition parties, Papandreou stated that "there is a national crisis and not a crisis that serves petty political interests."

The Greek premier also announced that Chinese Prime Minister Wen Jiabao will be visiting Athens next month.

(Express.gr)

 

[ferdo]

Non so se sia da relazionare o meno alla news postata da Tommy appena sopra; sta di fatto che noto un mutamento nella curva dei rendimenti dei tds Greci....sinora il "picco" si registrava nel 2014, adesso si e' spostato sul 2019.
La differenza e' minima pero' e' la prima volta che questo accade, ritengo degno di nota sottolinearlo, staremo a vedere se e' un qualcosa di contingente o meno

però è la 2019 che si è abbassata, non la 2014 che è salita - parliamo di un paio di punti al max

 

[tommy271]

però è la 2019 che si è abbassata, non la 2014 che è salita - parliamo di un paio di punti al max

I dati del Mot e del Tlx andrebbero comparati con altri mercati.
Quello che vediamo sul nostro "pollaio" è sempre da prendere con le pinze.

Al riguardo io prendo per buoni solo gli spread/bund, per valutare eventuali movimenti di mercato, e i dati OTC postati da Mark. Il resto annega nell'illiquidità ...

 

[ferdo]

I dati del Mot e del Tlx andrebbero comparati con altri mercati.
Quello che vediamo sul nostro "pollaio" è sempre da prendere con le pinze.

Al riguardo io prendo per buoni solo gli spread/bund, per valutare eventuali movimenti di mercato, e i dati OTC postati da Mark. Il resto annega nell'illiquidità ...

li raffronto anche io e sono allineati tra MOT e OTC attualmente

 

[tommy271]

Greece is on target, premier assures Brussels

EU leaders discuss economic governance

VASILEIOS FILIS/ANA

Arriving in Brussels yesterday for talks with his European Union counterparts, who have contributed to a multibillion-euro rescue plan for Greece, Prime Minister George Papandreou declared that his government was progressing slowly but surely with difficult reforms.
“We are on the right track and, although the course is a tough one, we are making real progress and pushing through real changes,” Papandreou told reporters upon his arrival at the European Commission’s headquarters.
EU heads of state discussed a range of subjects at the summit, including Greece’s progress in pushing through reforms as well as France’s controversial evictions of members of its Roma community from settlements. The matter of Greece’s debt problems was somewhat overshadowed by the Roma evictions, which drew widespread criticism from heads of state. But Greece was also expected to come under some pressure, as certain EU member states, including Germany, are believed to be in favor of the stricter monitoring of the government’s progress in collecting revenue and curbing spending.
Papandreou yesterday reassured his EU counterparts that his administration has the situation under control despite a shortfall in revenue collection. “Greece is meeting its commitments,” he said. “It has reduced its spending so that the drop in revenue will not have a negative impact on it meeting its targets,” Papandreou added, referring to the goals set out in an agreement signed in May between his government and its three creditors – Greece’s European Union partners, the European Central Bank and the International Monetary Fund, which have pledged to lend Greece 110 billion euros over the next three years.
Speaking after the talks, Papandreou said that the issue of economic governance within the EU figured high on the meeting’s agenda. “But the matter of deficits is only one aspect of this debate,” Papandreou said. “What is needed is responsible governance, a strategy for growth, a transition to the green economy – and all this under a comprehensive European Union policy,” he said. Addressing reporters late yesterday, European Council President Herman Van Rompuy said EU leaders had achieved a broad consensus on creating a task force for economic governance that would “monitor and correct imbalances, the risk of bubbles and divergences in competitiveness.”


(Kathimerini.gr)