Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (6 lettori)

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tommy271

Forumer storico
Greece's main union says will not strike soon
* Private sector union GSEE will not stage strikes soon

September 23, 2010


Greek private sector workers will not strike against austerity measures anytime soon but the government must be aware rising unemployment may spark unrest, a union leader told Reuters on Thursday.

Less affected by austerity measures than civil servants, who have seen salaries slashed by about 15 percent, private sector union GSEE has staged six general strikes and protests that have often turned violent this year, worrying investors and hurting the key tourism sector.

"We have staged so many strikes, yet the tough policies, the ones prescribed by the (EU/IMF) memorandum have been implemented and there are no obvious alternative solutions," GSEE president Yannis Panagopoulos said in an interview. "There are no plans for a general strike in the immediate future."

This would ease pressure on the government, which has struggled to implement EU and IMF prescribed austerity measures and reforms in exchange for 110 billion euros ($147.4 billion) aimed at helping the country avert bankruptcy.

But Panagopoulos warned of possible non-union unrest if the government did not take steps to secure growth and create jobs to tackle unemployment, which hit a 10-year high in the second quarter.

"I'm afraid that if not dealt with, unemployment will become a huge social problem which will lead to reactions that don't follow institutional procedures, the reaction of people who have been affected and have no other way to react," he said.

"The financial crisis is radically turning into an employment crisis. Our estimate is that the number of unemployed will rise by 150,000-170,000 people in 2011." Some 600,000 were unemployed in the second quarter, official figures show.

PARTICIPATION WANES

GSEE union and its public sector sister ADEDY represent half of Greece's workforce. Wildcat strikes and marches continued even during the summer but turnout has started to wane.

The death of three bank workers during a demonstration in Athens in May has also dampened enthusiasm for protests. Despite the belt-tightening, opinion polls show the ruling Socialists ahead of their conservative opponents, blamed by many Greeks for the fiscal crisis.

Panagopoulos said any future strikes would depend on how the government applies policies but also workers' appetite and stamina for action during a recession. Private sector workers don't get paid when they walk off the job, a growing problem as austerity bites, and many fear lay-offs.

Greek employers and GSEE signed in July a three-year wage deal which foresees a pay freeze for 2010 and wage rises in line with euro zone inflation, currently much lower than Greek inflation, in the next two years.

Although suffering the effects of tax hikes and pension cuts, private sector employees are not in as tight a spot as civil servants, Panagopoulos, said, adding GSEE would not join ADEDY in an Oct. 7 strike.

GSEE will join a pan-European day of labour action on Sept. 29 by staging a rally in Athens, he said.

"Civil servants have felt the big salary cuts and the most violent attack against their rights. Their tactic and their strategy is respected but we can't follow it," he said. -
Reuters

(busrep.co.za)

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Chi aspettava un autunno caldo? :lol::lol::lol:.
 

tommy271

Forumer storico
Bruxelles ribadisce:Non lasceremo fallire nessun Paese euro

Olli Rehn: Danni sarebbero devastanti



Bruxelles ribadisce:Non lasceremo fallire nessun Paese

Berlino, 23 set Il commissario europeo agli affari economici ribadisce: tra i paesi dell'area euro non ci sarà alcun caso di insolvenza sui pagamenti. "I costi potenziali, sia a livello economico che politico" di un evento di questo genere "sarebbero così devastanti per l'area euro e l'Unione europea che faremo tutto quello che è necessario per impedirlo", ha affermato Olli Rehn durante una un convegno. "E sono sicuro che riusciremo ad evitarlo".
Non ci sarà alcuna ristrutturazione del debito in Grecia, né in alcun paese dell'area euro", ha poi aggiunto. Una procedura di ristrutturazione del debito presuppone appunto la dichiarazione di insolvenza, o default.
Oggi alcune tensioni si sono riaffacciate sui titoli di Stato di Irlanda e Portogallo, altri due paesi considerati perfiferici sull'affidabilità creditizia nell'area valutaria. Tensioni innescate da dati deludenti sull'attività delle imprese dell'area euro: a settembre è calata ai minimi da sette mesi.


APCOM

(diariodelweb.it)
 

tommy271

Forumer storico
Greek FinMin: Didn't Talk W/Schaeuble On Stretching Aid Fund

First Published Thursday, 23 September 2010 01:01 pm - © 2010 Need to Know News


BERLIN (MNI) - Greek Finance Minister George Papaconstantinou said Thursday he did not discuss with German Finance Minister Wolfgang Schaeuble a possible extension of the EU loan agreement with Greece beyond 2013.
Papaconstantinou told reporters here that he met with Schaeuble on Wednesday in Berlin but "there was no such discussion" about an extension of the loan agreement. "It was more on how Greece is advancing with the budget, how we're implementing the reforms," he said.
Earlier today, Papaconstantinou said that there are signs that the Greek economy was developing better than expected. The minister reaffirmed that the country will meet its budget targets.



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:rolleyes:.
 

Capirex85

Value investor
I miei bund e oat (i gioielli del portafoglio) li ho già venduti, con ottimi gain. Li ricomprerò quando il future bund tornerà in area 116 ... :lol:. Tra qualche anno ;).
Credo (non seguitemi) siano più in bolla questi, rispetto ai BTP.
Una diversificazione di portafoglio tra Irlanda, Grecia, Portogallo e Spagna non la ritengo utile: di diverso avviso sull'Italia.

Soprattutto per chi è cittadino e residente italiano: difficile scappare ad un crack che coinvolgerebbe l'Italia. I titoli esteri saranno i primi ad essere presi di mira ;).

La penso allo stesso modo:up:;)
 

tommy271

Forumer storico
Greek Repayment Delay to EU, IMF Isn't Being Discussed, Germany, EU Say

By Tony Czuczka and Maria Petrakis - Sep 23, 2010 2:07 PM GMT+0200 Thu Sep 23 12:07:34 GMT 2010
Greece, Germany and the European Union said an extension of the loan package for the government in Athens isn’t being discussed, denying a newspaper report.

“What we have at the moment is a clear program with timetables, with milestones, with growth -- and we’re sticking to that,” Greek Finance Minister George Papaconstantinou told reporters in Berlin today after attending a conference.

Papaconstantinou rejected a report in Greece’s Eleftherotypia newspaper that he and German Finance Minister Wolfgang Schaeuble discussed extending repayment of the 110 billion-euro ($146 billion) EU and International Monetary Fund loan in Berlin yesterday.

“There was no such discussion” with Schaeuble, the Greek minister said.
The repayment issue has come to the fore after IMF officials said the fund wouldn’t abandon Greece if it needed assistance after 2013, Eleftherotypia said, without saying how it got the information. The Wall Street Journal reported on Sept. 17 that the IMF hasn’t ruled out giving Greece more aid if needed.

A spokesman for the German Finance Ministry, Bertrand Benoit, and the European Commission, the EU’s executive arm, said giving Greece more time isn’t on the table.

“There is no discussion, there is no plan, no preparations for any eventual extension of the current loan arrangement with Greece,” commission economics spokesman Amadeu Altafaj told reporters in Brussels.

EU officials are saying the issue has taken on a new dimension after a worsening of the European economy, according to Eleftherotypia.

Lucas Papademos, the former vice president of the European Central Bank and now adviser to Prime MinisterGeorge Papandreou, is assisting in examining various methods of extending the loan, the newspaper said.

EU Economic and Monetary Affairs Commissioner Olli Rehn said there will be no sovereign debt restructuring in Greece, Ireland or other European member states.
“I’m certain that we will be able to avoid it,” Rehn said in remarks to the Berlin conference.

(Bloomberg)

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A mio parere ne stanno discutendo, i pochi dettagli usciti sono troppo tecnici per essere solo rumors ... (vedi il post 16215).
Che ne abbiano parlato con Schaeuble è significativo.
 
Ultima modifica:

tommy271

Forumer storico
Grecia: Commissione, non si discute estensione sostegno finanziario


La Commissione europea ha smentito che siano in corso discussioni sull'estensione oltre i tre anni del sostegno finanziario dell'eurozona alla Grecia. Lo ha indicato il portavoce del commissario Ue agli Affari economici, Olli Rehn. "Attualmente non è in discussione una cosa del genere per quanto nei sappia la Commissione e in ogni caso non avrebbe senso perché l'attuale sostegno è previsto per 3 anni", ha indicato il portavoce sottolineando il fatto che siamo soltanto all'inizio. In ogni caso la Commissione ritiene che la Grecia stia rispettando gli impegni pattuiri per risanare il bilancio.


(Milano Finanza)
 

tommy271

Forumer storico
GRECIA: SCIOPERO DEI PRECARI

Mentre i camionisti greci continuano lo sciopero, sono ormai all’undicesimo giorno, è la volta dei lavoratori precari del settore pubblico. I contrattisti a termine che inanellano un contratto dietro l’altro si sono riuniti davanti alla sede della Corte Suprema per chiedere un giudizio equo sull’appello presentato per ottenere la regolarizzazione della loro posizione:
“Abbiamo lavorato per 3, 4, 5 anni, senza assicurazione, con un salario di 500 euro e con orari da impiegato statale regolare, dalle 7 alle 3 – dice una scioperante – ma loro non vogliono riconoscerlo.
Fra i manifestanti ci sono anche i pompieri che furono ingaggiati tre anni fa, durante un’estate particolarmente funestata dagli incendi e nel corso della quale diversi di questi vigili del fuoco precari persero la vita.
Anche i lavoratori dei mercati rionali sono in sciopero in tutta la Grecia contro l’aumento delle tasse professionali. Una delegazione ha istallato le bancarelle di frutta e verdura ad Atene davanti al Ministero delle Finanze.


(Euronews.net)
 

tommy271

Forumer storico
Greece's Largest Union To Join European Protests Sep 29



ATHENS -(Dow Jones)- Greece's largest private-sector umbrella union GSEE said Thursday that it will join Europe-wide protests against government austerity measures Sept. 29.
The Greek General Confederation of Labour (GSEE) represents 800,000 members and has held several paralyzing strikes against the government's cost-cutting measures. These were imposed by the International Monetary Fund and the European Union on the socialist government in exchange for a EUR110 billion bailout to stave off default.
"On September 29 all the workers and citizens in every country in Europe will mobilize and protest against the anti-worker, anti-social and neoconservative policies of the European Union," the GSEE said in a statement.
The GSEE will hold what it hopes will be a sizeable protest rally at 1500GMT in downtown Athens but it won't ask its members to strike.
However, the GSEE clarified that it won't join in the mass 24-hour nationwide strike action announced by the public sector umbrella union ADEDY for Oct. 7, even though it sympathises with the civil servants' cause.
The 400,000-member ADEDY has vowed to shut down government services on that day and lead protests against the socialist government's wage and pensions cuts, as well as tax increases.
The debt-strapped Mediterranean country is also likely to see numerous strikes in the fall from smaller service-sector unions, reacting to government plans to open up closed professions such as taxi drivers, lawyers, public notaries, pharmacists, engineers and accountants.
 

tommy271

Forumer storico
Commission will consider permanent rescue mechanism

By Tim King
23.09.2010 / 14:55 CET


Olli Rehn says idea of permanent rescue fund for eurozone countries will be revisited.
Olli Rehn, the European commissioner for economic and monetary affairs, wants to revisit the issue of whether the EU should have a permanent mechanism to help countries that encounter a sovereign debt crisis.

Earlier this year, the countries of the eurozone put in place a temporary mechanism, the European Financial Stability Facility, that can provide up to €440 billion in emergency loans to eurozone governments. But the shelf-life of the EFSF is limited to three years. The EU had already put in place a specific mechanism for Greece, worth €110bn, funded both by eurozone countries and the International Monetary Fund.
But the idea of a permanent crisis mechanism has so far been a step too far for some countries, particularly Germany. Some perceive it as breaching the EU rule that there can be no bail-out for eurozone countries.
But speaking at a conference on the euro organised in Berlin by The Economist Group, Rehn said that the European Commission would return to the idea of a permanent mechanism “in the course of next year” and would “possibly make a proposal”. He said the proposal would follow an analysis of the experience of the Greek loan facility and the EFSF.
Asked about the existing opposition to the idea, he said the Commission should continue “strong and creative” discussions.
George Papaconstantinou, Greece's finance minister, said at the same conference that “ad hoc solutions are OK, but they are second best”.
“The crisis screams out for a solid reworking of the institutional architecture,” he said.

(europeanvoice.com)
 
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