Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (11 lettori)

[Grisù]

E' quello ke dico anke io, da ogni mezzo d'informazione arrivano notizie positive e viene confermato che assolutamente NON ci sarà nessun default di qualsiasi paese in zona euro... e pure siamo a prezzi di pieno default, non capisco ancora quelle persone che ancora vendono a questi prezzi stracciati (se ne pentiranno amaramente), in ogni caso prima o poi vedremo la luce, adesso godiamoci le cedole piu' in là ci goderemo il 100 !!!

Per quanto il mercato alle volte sbagli, non vedo oltre a dichiarazioni politiche di facciata, effettive ragioni per le quali la situazione della Grecia dovrebbe essere migliorata. I risultati del piano, sebbene più o meno in linea con il dovuto, non garantiscono alcuna autonomia alla Grecia dopo il 2012 per il sostenimento di debito e deficit.
Le considerazioni sul degrado del GDP completano il quadro:

Probabilmente un piano di acquisto delle obbligazioni da parte della BCE più oculato avrebbe garantito un sostegno al valore delle obbligazioni come si sta tentando di fare per l'Irlanda che probabilmente è in una situazione altrettanto compromessa.

 

[ferdo]

scusate qualcuno ha letto info su come la BCE tratterà i titoli greci in ptf?
intendo dire, avendone acquistato sul mercato a prezzi inferiori al nominale, incasserà alla fine gli utili come noi speculatori di bassa lega, o ... se le cose andranno a posto intende rimetterli sul mercato prima o poi, o potrebbe anche renderli all'emittente al prezzo di acquisto?

 

[tommy271]

scusate qualcuno ha letto info su come la BCE tratterà i titoli greci in ptf?
intendo dire, avendone acquistato sul mercato a prezzi inferiori al nominale, incasserà alla fine gli utili come noi speculatori di bassa lega, o ... se le cose andranno a posto intende rimetterli sul mercato prima o poi, o potrebbe anche renderli all'emittente al prezzo di acquisto?

Generalmente compito della BCE è stabilizzare i mercati, la speculazione non rientra nei suoi compiti.
Potrebbe rimettere sul mercato le scadenze corte, per riacquistare gli stessi titoli su scadenze più lunghe.
Come si muove la BCE sul secondario, c'è comunque il riserbo più assoluto.

 

[tommy271]

EU's Barroso Says Greece `On Track' to Achieve Its Deficit-Reduction Goals

By Sara Eisen - Sep 21, 2010 9:11 AM GMT+0200 Tue Sep 21 07:11:58 GMT 2010


European Commission President Jose Barroso said Greece is on track to achieve its deficit-cutting goals.
“Greece is making a huge effort,” Barroso said in an interview with Bloomberg Television in New York yesterday. “They have been successful.”
The European Union and the International Monetary Fund “have recognized that they are on track to meeting their targets” for cutting the deficit, Barroso said. “But it will take some time,” he said. “It will be an effort over several years.”



(Bloomberg)


***
Tempo al tempo.

 

[tommy271]

Papandreou: On Track To Meet Deficit Targets



Greece is on target to meet its deficit cutting goals this year, with the aim of returning to international markets, Prime Minister George Papandreou said Monday in New York, Dow Jones Newsawires reports

He noted the country is "taking the pain of reform" and "making real progress."

"Europe will come out stronger," he said speaking at the NYSE Euronext in New York

While the country is making "major structural changes," he said there are no plans to issue a global bond soon.

He also indicated that his government is focused on growth policies, including business-friendly legislation and fast-tracking big investments while citing interest from the United Arab Emirates, Russia and China.

"Greece has been undervalued," he added.

He finally said Greece would create 250,000 jobs in the green energy sector, and touted Greece΄s potential for developing wind energy in particular.

(Capital.gr)

 

[tommy271]

Shipping revenues up as tourism receipts slide



Revenues for the Greek shipping industry posted 15 percent growth in July on an annual basis, the Bank of Greece announced yesterday in its monthly report. Shipping revenues amounted to 1.44 billion euros, up from 1.25 billion in July 2009. The other major pillar of the country’s economy, tourism, saw an annual decline of 4.8 percent of its income to 1.98 billion in the same month. In June, the annual drop had stood at 16 percent. Greece’s current account deficit shrank by 11.1 percent in July, to 1.48 billion euros, the report by the country’s central bank added, thanks to a decline in the trade deficit and an increase in the surplus in services. In the first seven months of the year, the current account deficit shrank by 0.9 percent from the same period in 2009 to 16.01 billion euros. Foreign direct investment recorded a net inflow of 323 million euros in July.


(Kathimerini.gr)

 

[tommy271]

Bond dealers say the worst is over


Germany’s biggest bond dealers believe that the worst is over for the European Union’s most indebted nations, with Greek government paper gaining favor.
Yields on Greek, Spanish, Irish and Portuguese government bonds are set to fall to within 2.2 percentage points of benchmark German bunds on average in the next two years from 4.61 percentage points last week, according to a Bloomberg News survey of 15 banks that trade directly with Germany’s debt agency. HSBC Holdings, Europe’s largest bank by market value, Goldman Sachs Group and Societe Generale advise buying securities sold by Greece.
“All the policy backstops have put a floor under the downside risks for peripheral euro-region bonds,” said Michael Vaknin, a senior fixed-income strategist in London at Goldman Sachs. “Spreads are near their records but the EU and International Monetary Fund have pledged their support and opportunities are starting to emerge.” HSBC and Goldman Sachs recommend Greek 30-year bonds as the price languishes at about 50 percent of face value. Societe Generale advises buying three-year Greek notes, betting a rally in two-year debt will extend to longer-dated securities. Bloomberg asked the 32 banks that act as so-called primary dealers at German government bond auctions for their predictions for yield spreads between the 10-year securities of Greece, Portugal, Ireland and Spain versus benchmark bunds. Greek 10-year bonds will yield 638 basis points more than bunds at the end of next year, from 913 in mid-September, according to the survey. The spread will likely shrink to 477 basis points, or 4.77 percentage points, in late 2012. Spread narrowing will be modest this year at 809 basis points, the survey showed.
Meanwhile, Reuters reported on Sunday that Greece’s international lenders assured investors at a road show last week that they would not abandon Athens at the end of a three-year bailout plan if it fulfilled tough reforms but failed to regain market trust. Asked what would happen if Greece fully met EU-IMF demands to slash its deficit but failed to convince markets, a source close to the road show said: “In that situation, we would not walk away from Greece. We would not abandon them.”


(Kathimerini.gr)


***
Le previsioni di alcuni analisti, riportate dalla stampa greca

 

[tommy271]

PM: Greece emerging stronger from the crisis


New York (ANA-MPA) -- Greece is on the right track, prime minister George Papandreou said early Tuesday (Greek time) during a visit to the New York Stock Exchange (NYSE), stressing also that this has been widely acknowledged and "that gives us the strength to carry on with the changes necessary so that we will be not only proud of our country but we will have the Greece and the economy that we deserve".


"Here, at the NYSE, we had the opportunity to present the great changes we have made in recent months in Greece. We presented our tough but successful course in reducing the deficit, on the one hand, but also, on the other hand, all the new opportunities arising for investments in our country, for investments in transports, tourism, green development and elsewhere," the Greek premier added.


Papandreou also sat at a lunch hosted by NYSE Chief Executive Officer (CEO) Duncan Niederauer, which was attended by Wall Street officials and senior executives of US financial and credit institutions.
After the lunch Papandreou, accompanied by Niederauer, signed the NYSE visitors' book while, in reply to press questions, stressed that Greece is emerging stronger from the crisis and noted that there was now a climate of optimism not only for the Greek but also the European economy.

 

[tommy271]

Grecia:tir assediano Atene e Salonicco


Oggi il Parlamento vota contestata legge liberalizzazione



(ANSA) - ATENE, 21 SET - Oltre mille Tir assediano Atene e Salonicco nel nono giorno di rivolta contro la nuova legge sulla liberalizzazione del settore. Oggi al voto in Parlamento. Nel primo pomeriggio i camionisti, che stanno arrivando da tutte le parti della Grecia, marceranno a piedi e non escludono nelle ore successive di tentare di raggiungere il centro cittadino con i mezzi pesanti malgrado un espresso divieto del governo.

 

[tommy271]

Fitch: Greece Clinging On Investment Grade “By A Fingernail”



Greece is barely holding on to its investment grade despite progress in cutting its budget gaps, a senior analyst at Fitch told Reuters.

"The country is clinging on to its investment grade rating but just by a fingernail," Fitch Rating΄s senior analyst for Greece Chris Pryce told Reuters on Monday.

"All the problems identified are there, there is no easy answer to them," he said, adding that Fitch would take a "long hard searching look" when it next visits Greece.

Fitch is the last of the major rating agencies still ranking Greece investment grade.

"The government is meeting its side of the bargain, no doubt about that, but doing the right thing does not necessarily mean you can overcome the immense economic problems," Pryce said.

"We won΄t be too disappointed if they miss the (2010 budget deficit) target by a small margin of 0.1 or 0.2 percent but they will have to be within close range, and I think they will."

(Capital.gr)