Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (12 lettori)

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tommy271

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Greeks toss 1 million credit cards



A large number of consumers have been cutting up their credit cards as the recession prompts a change in spending habits, according to recent data from the European Central Bank. The number of credit cards in Greece fell to just over 6 million at the end of 2009, versus 7.04 million at the end of 2008. The downturn has spurred demand for debit cards, which rose by about 1 million in 2009 to 9.1 million, data showed. Growth rates for prepaid cards is also strong, at around 50 percent.


(Kathimerini.gr)
 

tommy271

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Greece - MFA - Bilateral meetings of Deputy FM Kouvelis on the margins of the 3rd Greek-Arab Economic Forum

Deputy Foreign Minister Spyros Kouvelis had a number of meetings with Ministers from Libya, the United Arab Emirates, Egypt and Syria on the margins of the 3rd Greek-Arab Economic Forum, which took place under the auspices of the Foreign Ministry, with the aim of promoting economic and commercial cooperation with the Arab world, within the framework of the coordinated development effort being made by the Greek government.

It was in this spirit that Mr. Kouvelis’s talks took place with Libyan Secretary of the General People's Committee for Public Works, Mr. Matuq Muhammad Matuq. This meeting was a follow-up to the official visits of the Prime Minister and Mr. Kouvelis to Tripoli this past July. (;))

The two sides prepared for a Joint Interministerial Committee (JIC) that will take place in Tripoli in October and will look at avoidance of double taxation, protection of investments, and facilitating visa procedures for diplomats and businesspersons.

Also moving ahead at a fast pace is cooperation in the sector of conveying electricity through the construction of an offshore cable, as well as cooperation on the management of water resources and waste.

A JIC is also scheduled for the end of the year with Egypt, as discussed by Mr. Kouvelis and Egyptian Deputy Trade and Industry Minister Mamduh Mustafa. The areas focused upon during this meeting included energy, transport and investment cooperation.

Finally, Mr. Kouvelis had meetings with the Syrian Minister for Electricity, Mr. Ahmad Qussay Kayyali and UAE Economy Minister Sultan bin Saeed al-Mansuri with the aim of further promoting investment, economic and trade relations with Arab countries.


(isria.com)
 

tommy271

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ECB Nowotny Opposes Attempts To Make EFSF Permanent: Press

BERLIN (MNI) - ECB Governing Council member Ewald Nowotny opposes any attempt to make the European Financial Stability Facility (EFSF) permanent, he told German weekly Wirtschaftswoche in an interview published Monday.
The E440 billion EFSF was created earlier this year by EU leaders to assuage markets at the height of the Eurozone's sovereign debt crisis. It would provide emergency loans to EMU states that get into financial trouble and have no other recourse.
Making the EFSF permanent "would not be a good idea," Nowotny, who heads the Austrian National Bank, was quoted as saying.
Still, he said one could discuss a possible prolongation of the EFSF beyond 2013. "If one sees after a while that the states have achieved a lot of reforms then some flexibility is conceivable," he explained. At the moment, however, he said he does not see any need to prolong the fund, not even in the case of Greece, he added.
Regarding the reform of the EU Stability and Growth Pact, Nowotny said he opposed the German proposal for allowing an orderly insolvency of Eurozone member states.
"In theory that may be an interesting concept," he remarked. However, "on the EU level it would not be easy to formalize that and to fit it into the existing rules."
Regarding the recent Basel III agreement on new banking capital regulations, Nowotny warned that national parliaments could still water down the rules. "We must be careful that [the rules] aren't weakened markedly when passed into European and national law," he said.

(imarketnews.com)
 

tommy271

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NBG’s rights for the capital increase start trading today



The exercise period for NBG’s €1.8bn capital increase and the trading of the rights commences today.

The rights will be trading until October 5, while the exercise period ends on October 11.

The rights for the €631m capital increase will start trading at €0.56 each, while the rights for the €1.2bn convertible bonds will start trading at €1.05 each.

Recall that regarding the common share issue, five rights buy one share at €5.2, while for the convertible equity notes eight rights buy three notes, which are convertible into common stock within seven days at €5.2 per share.

(Capital.gr)

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Questione di banche greche ...
 

tommy271

Forumer storico
La Grecia riparte dalle rinnovabili

Sboccati progetti 'verdi' per un totale di 2,1 miliardi di euro

27 settembre, 10:57
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Le intenzioni erano chiare già alla fine dello scorso luglio, quando il ministro dell'Ambiente aveva annunciato un importante piano di investimenti pubblico-privati per finanziare il comparto ambiente e le rinnovabili.
Ora la Grecia, che sta cercando faticosamente di lasciarsi alle spalle la pesante eredità della crisi economica, sembra aver fatto un ulteriore passo in avanti, annunciando di aver sboccato progetti 'verdi' per un totale di 2,1 miliardi di euro. Il Paese sta cercando proprio di puntare sul settore della produzione di energia da fonti pulite per attrarre investimenti e cercare di risanare i conti dello Stato, le cui casse sono ancora pesantemente a corto di liquidità, offrendo dei sussidi.
L'Autorità nazionale per l'energia, la Rae, ha annunciato di aver dato il via libera la scorsa settimana all'approvazione di diversi programmi di produzione di energia verde in tutta la nazione, per una capacità totale pari a 840 megawatt, e ha promesso anche di accelerare tutte le procedure di concessione per la realizzazione di ulteriori progetti.
Sebbene la Grecia sia uno tra i Paesi più ventosi e soleggiati in Europa, l'energia eolica e solare prodotta sul territorio nazionale è solo il 4% del totale, mentre più del 60% dell'energia è ancora prodotta dalla combustione della lignite, una delle varietà più inquinanti di carbone.
L'obiettivo del governo greco è arrivare ad una produzione del 40% di energia pulita entro il 2020.
 
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