Grisù
Forumer attivo
Bah, la verità piuttosto è che non vanno sui mercati perchè sottrarrebbero denari alle future emissioni statali.
Speriamo che non sia l'ennesima pistola ad acqua puntata alla tempia della speculazione, vedremo...
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (8 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
Bah, la verità piuttosto è che non vanno sui mercati perchè sottrarrebbero denari alle future emissioni statali.
Speriamo che non sia l'ennesima pistola ad acqua puntata alla tempia della speculazione, vedremo...
Capirex85
Value investor
Notizia buona e importante, anche se il deficit della bilancia delle partite correnti rimane ancora notevole. Comunque il sentiero intrapreso è quello giusto.
Noloss
Forumer attivo
PUNTO 1 - Banca centrale Grecia conferma posticipo stress test
Reuters - 20/09/2010 15:54:29
(riscrive aggiungendo comunicazioni da banca centrale)
ATENE, 20 settembre (Reuters) - Gli stress test sulle banche greche sono stati posticipati perchè altrimenti troppo ravvicinati a quelli condotti a fine luglio a livello europeo. La decisione risale a quest'estate.
Lo ha spiegato la banca centrale greca dopo che stamane Reuters aveva anticipato che i test sulle banche non si sarebbero tenuti in settembre, come alcuni attendevano.
"La decisione di posticipare i test è stata presa in estate, ben prima della decisione del governo di intraprendere il roadshow e del recente annuncio delle previste misure sulle aziende" si legge nel comunicato della Bank of Greece che aggiunge come i test confermeranno verosimilmente i risultati di luglio.
Il governo greco ha illustrato il piano di risanamento del paese agli analisti finanziari, la scorsa settimana a Londra.
Una fonte della banca centrale aveva spiegato stamane a Reuters che gli stress test "verranno svolti più tardi nel corso dell'autunno, molto probabilmente in ottobre".
Non c'è mai stata una data prefissata per i test, ma alcune indicazioni giunte della banca centrale avevano fatto in precedenza pensare a settembre.
La Grecia ha acconsentito a un più rigido controllo sul sistema bancario nazionale, che include stress test trimestrali, nell'ambito del pacchetto di aiuti finanziari da 110 miliardi di euro concesso ad Atene dall'Ue e dal Fmi.
Le grandi banche greche hanno preso parte agli stress test europei di luglio, con la sola ATEbank che non è riuscita a rispettare i parametri di solidità stabiliti.
"Le banche sono state testate di recente e non molto è cambiato da allora" aveva già detto la fonte a Reuters, assicurando che "ci saranno stress test regolari, come concordato nel memorandum (con Ue, Bce e Fmi)".
ATENE, 20 settembre (Reuters) - Gli stress test sulle banche greche sono stati posticipati perchè altrimenti troppo ravvicinati a quelli condotti a fine luglio a livello europeo. La decisione risale a quest'estate.
Lo ha spiegato la banca centrale greca dopo che stamane Reuters aveva anticipato che i test sulle banche non si sarebbero tenuti in settembre, come alcuni attendevano.
"La decisione di posticipare i test è stata presa in estate, ben prima della decisione del governo di intraprendere il roadshow e del recente annuncio delle previste misure sulle aziende" si legge nel comunicato della Bank of Greece che aggiunge come i test confermeranno verosimilmente i risultati di luglio.
Il governo greco ha illustrato il piano di risanamento del paese agli analisti finanziari, la scorsa settimana a Londra.
Una fonte della banca centrale aveva spiegato stamane a Reuters che gli stress test "verranno svolti più tardi nel corso dell'autunno, molto probabilmente in ottobre".
Non c'è mai stata una data prefissata per i test, ma alcune indicazioni giunte della banca centrale avevano fatto in precedenza pensare a settembre.
La Grecia ha acconsentito a un più rigido controllo sul sistema bancario nazionale, che include stress test trimestrali, nell'ambito del pacchetto di aiuti finanziari da 110 miliardi di euro concesso ad Atene dall'Ue e dal Fmi.
Le grandi banche greche hanno preso parte agli stress test europei di luglio, con la sola ATEbank che non è riuscita a rispettare i parametri di solidità stabiliti.
"Le banche sono state testate di recente e non molto è cambiato da allora" aveva già detto la fonte a Reuters, assicurando che "ci saranno stress test regolari, come concordato nel memorandum (con Ue, Bce e Fmi)".
tommy271
Forumer storico
Un saluto anche qui e uno particolare a Tommy per l'incredibile lavoro che svolge.
Io purtroppo non ho molto da aggiungere, ma sono sempre anch'io a bordo
Ti ringrazio, Beppe.
Il servizio informativo è simile a quello di Pimco
(i rumors sono esclusi 
).Credo che molti sono nella tua/mia condizione: una crociera un pò più lunga del previsto
. Prima o poi toccheremo terra...
tommy271
Forumer storico
Greece Reforms Must Be Equitable For Public Support: Analyst
PARIS (MNI) - In order to win public support for its drastic deficit-reduction measures, the Greek government will first need to take tougher steps to counter corruption and tax evasion, then create the conditions for a return to investment and growth, according to EU Commission counselor Loukas Tsoukalis.
"[It's] the social side now -- to get the public to accept a lower standard of living," Tsoukalis explained on the sidelines of a colloquium on the economic crisis here. The public's perception that the reforms are "equitable" will be "crucial" to their success, he said.
The university professor and president of the policy think tank Eliamep dismissed the option of debt default as "unnecessary, undesirable and unlikely" -- citing a recent IMF study of default in the advanced economies.
"I'm absolutely convinced that default at this stage would be disastrous for Greece -- it would bring the collapse of the banking sector and would be no solution," he said. As the government has a primary deficit, "default would still leave a big deficit. It would also be disastrous for the euro and European banks."
"Of course the markets don't believe it," Tsoukalis conceded. "But I have very little respect for the wisdom of the markets," he said, reminding how radically their view on Greece changed virtually overnight. "It's a typical example of over-exaggeration and short-termism."
"The challenge is very difficult, but you can win it," he argued, noting that there is a huge gray economy that can be a source of revenues. Adding around 30% to the overground economy "would make the debt ratio look very different," he quipped.
State property assets amount to some E300 billion -- roughly equivalent to the outstanding debt -- which could be better exploited and partly privatized, Tsoukalis noted.
"The majority of Greeks don't like the measures, but the majority are not convinced there is a credible alternative," he said, noting that public support for the ruling Pasok party is greater than for its opponents.
However, the political class has lost credibility and is viewed as corrupt by a majority of the population, he conceded. "That is a danger" in a country with a "strong protest culture" -- but not exclusively in Greece. "I fear that Greece is almost a test case of things that could happen in Europe," he said.
The government is increasingly cracking down on tax evaders -- entrepreneurs and independent professionals -- which is important to create an environment for investment but also for a "cathartic" impact to counter the impression that the poor are making sacrifices while the rich are getting off, he explained.
Indeed, the next year and a half, during which the recession is likely to deepen, will be a litmus test for public support, Tsoukalis stressed. Until 2012, "the economy is bound to get worse."
Until the Greeks begin to see the fruits of the structural reforms under way, the governing Socialists should consider enlarging their electoral base from a party of "trade unions and apparatchiks" to include social groups opposed to corruption and supportive of reforms, he advised.
(Imarketnews.com)
PARIS (MNI) - In order to win public support for its drastic deficit-reduction measures, the Greek government will first need to take tougher steps to counter corruption and tax evasion, then create the conditions for a return to investment and growth, according to EU Commission counselor Loukas Tsoukalis.
"[It's] the social side now -- to get the public to accept a lower standard of living," Tsoukalis explained on the sidelines of a colloquium on the economic crisis here. The public's perception that the reforms are "equitable" will be "crucial" to their success, he said.
The university professor and president of the policy think tank Eliamep dismissed the option of debt default as "unnecessary, undesirable and unlikely" -- citing a recent IMF study of default in the advanced economies.
"I'm absolutely convinced that default at this stage would be disastrous for Greece -- it would bring the collapse of the banking sector and would be no solution," he said. As the government has a primary deficit, "default would still leave a big deficit. It would also be disastrous for the euro and European banks."
"Of course the markets don't believe it," Tsoukalis conceded. "But I have very little respect for the wisdom of the markets," he said, reminding how radically their view on Greece changed virtually overnight. "It's a typical example of over-exaggeration and short-termism."
"The challenge is very difficult, but you can win it," he argued, noting that there is a huge gray economy that can be a source of revenues. Adding around 30% to the overground economy "would make the debt ratio look very different," he quipped.
State property assets amount to some E300 billion -- roughly equivalent to the outstanding debt -- which could be better exploited and partly privatized, Tsoukalis noted.
"The majority of Greeks don't like the measures, but the majority are not convinced there is a credible alternative," he said, noting that public support for the ruling Pasok party is greater than for its opponents.
However, the political class has lost credibility and is viewed as corrupt by a majority of the population, he conceded. "That is a danger" in a country with a "strong protest culture" -- but not exclusively in Greece. "I fear that Greece is almost a test case of things that could happen in Europe," he said.
The government is increasingly cracking down on tax evaders -- entrepreneurs and independent professionals -- which is important to create an environment for investment but also for a "cathartic" impact to counter the impression that the poor are making sacrifices while the rich are getting off, he explained.
Indeed, the next year and a half, during which the recession is likely to deepen, will be a litmus test for public support, Tsoukalis stressed. Until 2012, "the economy is bound to get worse."
Until the Greeks begin to see the fruits of the structural reforms under way, the governing Socialists should consider enlarging their electoral base from a party of "trade unions and apparatchiks" to include social groups opposed to corruption and supportive of reforms, he advised.
(Imarketnews.com)
giutrader
Forumer attivo
Ti ringrazio, Beppe.
Il servizio informativo è simile a quello di Pimco
Credo che molti sono nella tua/mia condizione: una crociera un pò più lunga del previsto
...... o il cielo con in dito.....
tommy271
Forumer storico
Greek Market Sharply Lower, Below 1,500
Athens stocks extended their negative streak on Monday, dropping for the seventh session in a row with accumulative losses of 7.35%.
22% of the total volume, some 41.8% of total turnover, was channeled through NBG, which trades ex-right effective tomorrow, with the stock ending below 9 euro.
“Investors seem to be holding a rather “wait and see” stance, awaiting the banking developments that have not come yet…Banking sector in general and NBG in particular should be in the spotlight, as the stock will trade ex rights as of tomorrow,” Marfin Analysis said in its morning report.
"Some investors were selling banks to raise liquidity so they can participate in National Bank of Greece’s EUR2.8B capital raising which starts Tuesday. But others were selling NBG to avoid participation," Antonis Christophidis head of research at ATE Securities, told Dow Jones Newswires.
"It is going to be a volatile month for the sector because I expect pressure on NBG stock but buoyancy in its rights trading," he added.
Across the board, the General Index shed 2.09% at 1,492.36 on a total turnover of 127.4 mil. euro.
134 stocks fell, 46 rose and 112 remained unchanged.
(Capital.gr)
Athens stocks extended their negative streak on Monday, dropping for the seventh session in a row with accumulative losses of 7.35%.
22% of the total volume, some 41.8% of total turnover, was channeled through NBG, which trades ex-right effective tomorrow, with the stock ending below 9 euro.
“Investors seem to be holding a rather “wait and see” stance, awaiting the banking developments that have not come yet…Banking sector in general and NBG in particular should be in the spotlight, as the stock will trade ex rights as of tomorrow,” Marfin Analysis said in its morning report.
"Some investors were selling banks to raise liquidity so they can participate in National Bank of Greece’s EUR2.8B capital raising which starts Tuesday. But others were selling NBG to avoid participation," Antonis Christophidis head of research at ATE Securities, told Dow Jones Newswires.
"It is going to be a volatile month for the sector because I expect pressure on NBG stock but buoyancy in its rights trading," he added.
Across the board, the General Index shed 2.09% at 1,492.36 on a total turnover of 127.4 mil. euro.
134 stocks fell, 46 rose and 112 remained unchanged.
(Capital.gr)
- Stato