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tommy271

Forumer storico
Ex-premier rejects Vatopedi claims


Former Prime Minister Costas Karamanlis has told the parliamentary committee probing the Vatopedi land exchange that no member of his conservative government should face charges over the swap.
In two pages of written testimony, Karamanlis claims that the land around Lake Vistonida in northern Greece, which the Vatopedi Monastery exchanged for sought-after pieces of property belonging to the state, had been handed over to the monks by previous PASOK governments. Karamanlis added that the ministers in his administration who carried out the swap deal “had merely followed the legal procedure for exchanges that had been used in the past.”


The former premier refused to face the Vatopedi committee in person, as requested, preferring to send his deposition in writing. The call for Karamanlis to testify came after Katerina Peleki, who is married to former Merchant Marine Minister Giorgos Voulgarakis and acted as a notary in the land exchange, referred to a “central political decision,” which she alleged came from Karamanlis’s office.


Meanwhile, the head of a parliamentary committee probing the Siemens cash-for-contracts scandal, Sifis Valyrakis, said yesterday the panel would continue to sit until October 20 in order to examine the testimonies of key witnesses and suspects currently in Germany.
MPs are to visit Germany over the coming days to interview former Siemens Hellas CEO Michalis Christoforakos and other suspects to garner additional evidence that could lead to more witnesses being summoned.


In a related development, Giorgos Tsougranis, a close friend of former Transport Minister Tasos Mantelis who has also been implicated in the Siemens scandal, was freed pending trial on charges of money laundering after posting 50,000 euros in bail.


(Kathimerini.gr)


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Tangentopoli ellenica.

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tommy271

Forumer storico
Gov’t, banks strike liquidity deal


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Agreement allows ministries to track money flow; talks held on swapping cash register receipts for card data

Greek banks have agreed to increase liquidity in the economy by issuing more loans, Finance Minister Giorgos Papaconstantinou and Regional Development and Competitiveness Minister Michalis Chrysochoidis announced yesterday.


Banks will make the commitment in exchange for Greek government guarantees to the lenders which must be used to ensure loans begin flowing into the real economy again, Papaconstantinou said after meeting with the Hellenic Bank Association, which comprises 28 members. “We agreed with the HBA to set up a specific framework consisting of a seperate agreement with each bank, with commitments so that we know and follow where the resources are going,” said Papaconstantinou.


Last month, the government announced it would extend its bank guarantee program by 25 billion euros. The guarantee program “is a significant tool to boost liquidity in the Greek market,” Chrysochoidis said.
Vassilios Rapanos, chairman of National Bank, said the guarantees will help lenders to channel liquidity to the “real economy.”
Liquidity in the Greek market has been drying up as Prime Minister George Papandreou cut wages and pensions and increased taxation in exchange for 110 billion euros in emergency loans from the European Union and International Monetary Fund to avert the threat of Greece going bankrupt.


The country’s economy is forecast to shrink 4 percent in 2010 and 2.6 percent next year, before returning to growth in 2012, according to Greek government forecasts.


Data showed earlier this week that growth in Greek household borrowing weakened further in August, slowing to 0.6 percent in annual terms as the economic downturn dampened demand for credit. The Bank of Greece said the pace of loan growth to households had decelerated from 1.1 percent in July and 3.1 percent in December. Banks were also advised to provide loans to those taking advantage of a government tax settlement offer.



The government said last week it plans to settle tax arrears with businesses and individuals as a one-time measure to boost revenue for the budget. The draft law was submitted to Parliament yesterday. Papaconstantinou also said the ministry is in talks with banks on issuing a card that would allow taxpayers to record proof of payment for tax-deductible expenses electronically, saving them from collecting a slew of cash register receipts.


(Kathimerini.gr)

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tommy271

Forumer storico
Chinese PM’s visit to bring shipping pacts


EPA

Chinese Vice Foreign Minister Fu Ying suggested yesterday in Beijing that the visit to Greece by the country's premier, Wen Jiabao, next week will bring about some shipping and ship-financing agreements. 'We will encourage more Chinese companies to make investments in Greece when the time is ripe and we will also encourage Chinese tourists to go to Greece,' said Fu. She also conveyed her government's approval of Athens's austerity measures. Fu also lent Beijing's support to the European Union's efforts to tackle its members' debt problems.
'The European Union and the International Monetary Fund have adopted positive measures and we are positive about that. We have noted that the Greek government has taken a lot of measures that have paid off. We hope that Greece will recover from the crisis,' the Chinese official added.


(Kathimerini.gr)
 

StockExchange

Forumer storico
Greek Yields Capped at 12% on ‘Double Top’: Technical Analysis

September 28, 2010, 10:39 PM EDT

By Yumi Ikeda


Sept. 29 (Bloomberg) -- Greece’s 10-year bond yields may be capped at about 12 percent after completing a double-top pattern, Barclays Capital Japan Ltd. said, citing trading patterns.
The yields jumped to a record 12.465 percent on May 7 as the region’s debt crisis deepened, before falling to 6.302 percent on May 10 after European Union leaders crafted a bailout for indebted nations. Benchmark rates climbed back to 11.816 percent on Sept. 7, forming a double-top pattern that signals a reversal of trend, said Yoshio Takahashi, a Tokyo-based chief non-yen bond strategist at Barclays.
“Greece isn’t issuing new bonds and mostly relies on an aid from the European Union for funds,” Takahashi said. “As the bond market is being supported by public authorities, further yield gains will be limited.”
The EU and the International Monetary Fund unveiled a rescue package of almost $1 trillion on May 10, while the European Central Bank said it will buy government and private bonds as part of a bid to stave off a debt crisis.
In the near term, Greece’s yields will likely remain at the current level, which was at 10.807 percent at the close of trading yesterday, Takahashi said.
“There’s no reason why Greece’s long-term yields will fall, since the market is now concerned about the spread of the fiscal crisis to Ireland and Portugal,” he said.

Sarà....Intanto l'emissione che sto seguendo e accumulando io ha i rendimenti in caduta libera :D con le quotazioni partite a razzo :D....
Non mi sbagliavo a considerarla la più "disallineata" le settimane passate...
Magari rifiatassero un po' quel tanto che basta a comprarne ancora. :wall:

Comunque c'è da dire che almeno alla Barclays i rendimenti li sanno calcolare: E' odioso vedere certi articoletti "divulgativi" e cronisti finanziari parlare dei titoli lunghi Greci dicendo con penosa approssimazione che rendono il 10% o "oltre il 10%" (che seppur logicamente corretto, fa pensare 10 e rotti). Effettivamente mi ero accorto dai miei fogli di calcolo che monitorano l'intera gamma delle emissioni, che in molte siamo ben oltre il 12% netto YTM.
 

tommy271

Forumer storico
Sarà....Intanto l'emissione che sto seguendo e accumulando io ha i rendimenti in caduta libera :D con le quotazioni partite a razzo :D....
Non mi sbagliavo a considerarla la più "disallineata" le settimane passate...
Magari rifiatassero un po' quel tanto che basta a comprarne ancora. :wall:

Stock,se è per quello, le mie 17 e 18 è meglio che non le guardo...
Incasso il loss virtuale e tengo il rateo reale.
Magra soddisfazione, ma al momento è così.
 

discipline

Forumer storico
Sarà....Intanto l'emissione che sto seguendo e accumulando io ha i rendimenti in caduta libera :D con le quotazioni partite a razzo :D....
Non mi sbagliavo a considerarla la più "disallineata" le settimane passate...
Magari rifiatassero un po' quel tanto che basta a comprarne ancora. :wall:

personalmente non avrei fretta, è vero che i bond sembrano impostati al graduale recupero, ma al primo soffio di vento (es. la vicenda irlandese già domani ad esempio) qualche storno lo vedremo molto facilmente..
 

Jessica.

out of time...
sulla '25 da un po' di giorni si vede denaro "dignitoso" come immagino sugli altri lunghi...
Quello che penso e' che l'influenza negativa dell'aumento dei cds d'Irlanda e portogallo avrebbe gia' dovuto sentirsi sui nostri tds..
Se non e' avvenuto, magari significa che la situazione conclamata e' oramai stabilizzata... percio' e' possibile che i nostri, si portino a livelli superiori per poi stabilizzarsi..:rolleyes:
 

StockExchange

Forumer storico
Stock,se è per quello, le mie 17 e 18 è meglio che non le guardo...
Incasso il loss virtuale e tengo il rateo reale.
Magra soddisfazione, ma al momento è così.

beh dai in due settimanelle te ne hanno fatta di strada... non ti puoi lamentare vista la fase che stiamo vivendo :up:

E comunque era evidente da settimane che le emissioni dove pescare erano i decennali, anno più anno meno....non ho le tue...ma sono "in zona" :D
 

g.ln

Triplo Panico: comprare
Convergenza CDS

personalmente non avrei fretta, è vero che i bond sembrano impostati al graduale recupero, ma al primo soffio di vento (es. la vicenda irlandese già domani ad esempio) qualche storno lo vedremo molto facilmente..

Ciao Discipline, io però resto convinto che una convergenza dei CDS greci, irlandesi e portoghesi possa lentamente continuare, verso i 500-600. Non sono sicuro che questo possa essere del tutto negativo per la stabilità dell'euro. Per noi grecisti sarà certamente positivo :D.
Ciao, ciao, Giuseppe
 
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