Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (27 lettori)

[tommy271]

PM: Alert not over, the effort continues

ANA-MPA/The alert is not over, and the effort for the country's salvation is continuing, prime minister George Papandreou said on Thursday, adding that "2011 will be the critical second half of the game", given that "the painful measures have been taken in the first year".

Addressing his ruling PASOK party's parliamentary group, Papandreou said that even if Eurostat revises upwards the Greek fiscal deficit and debt, "we will not alter our targets and it will not be necessary to take additional measures".

The European Commission is slated to finalise the exact level of fiscal deficit and public debt of all EU member states for the period 2006-2009 within the month, according to an announcement Wednesday by a spokesman for EU economic and monetary affairs commissioner Olli Rehn.

"We have a patriotic duty for the country to move forward. We are doing away with established mentalities. Through painful measures, we are making a huge, collective effort, regardless of any political cost, to change Greece," the premier stressed.

(Ana-mpa.gr)

 

[tommy271]

Greece’s September CPI Up 5.6% On The Year



Greece’s Consumer Price Index recorded a rise of 5.6% in September 2010 compared with September 2009, the country’s statistical office said Thursday.

In September 2009, the annual rate of change of the CPI was 0.7%.

The CPI in September 2010 compared with August 2010, increased by 1.9%.

In September 2009, the monthly rate of change of the CPI was also 1.9%.

In the twelve-month period from October 2009 to September 2010 compared with the period from October 2008 to September 2009 the annual average rate of change of the CPI was 3.9%.

The corresponding annual average rate of change of the CPI in the previous year (October 2008 to September 2009), was 1.4%.

(Capital.gr)

 

[tommy271]

Greek Market: Mild Profit Taking On Thursday



Athens stocks edge higher on Thursday as the market tries to consolidate the gains registered in the last three sessions.

“Some profit taking should not be ruled out given three days’ gains and the concerns that an upward revision of the 2009 budget deficit figure might bring about. Apart from banks, some interest could also be witnessed on PPC as it is aired that the Energy minister could announce its decisions on tariff restructuring today,” Marfin Analysis notes in its morning report.

"It is encouraging to see that little more than mild profit taking has occurred so far, and that affirms that this new upward trend could have some legs," a senior local equity analyst told Dow Jones Newswires.

“Yesterday΄s session was very positive not only in retaining the market΄s ascending momentum, but, more importantly, in driving the GI to trade and close above the popular 30-days moving average (1,545 units). In essence, yesterday΄s move could well mean the transition of the market΄s short-term course, as in case the GI extended its distance from aforementioned levels, the bourse would set course for the next significant resistance level, which stands at the region of the previous peak (1,690 units). Technically, we note the importance of keeping our ascending course by closing above the 1,545 units today, with the market΄s intraday resistance levels standing at the 1,565 units,” Pegasus says.

Across the board, the General Index rises 0.08% at 1,553.76 on a total turnover of 53.59 mil. euro.

(Capital.gr)

 

[tommy271]

L'appuntamento con Alessandro Fugnoli:

http://www.kairospartners.com/drupal/sites/default/files/newsletter/La sferzata-RN-22.07.10.pdf

 

[stockuccio]

L'appuntamento con Alessandro Fugnoli:

http://www.kairospartners.com/drupal/sites/default/files/newsletter/La sferzata-RN-22.07.10.pdf

non vedevo l'ora
la revisione dei dati greci non preoccupa vedo, tutti amici di wen immagino

 

[tommy271]

non vedevo l'ora
la revisione dei dati greci non preoccupa vedo, tutti amici di wen immagino

Ieri, quando è stata comunicata la revisione al rialzo del deficit/Pil, non hanno fatto una piega.
Anzi domina un leggero ottimismo che il peggio è passato, nonostante gli esami non siano affatto terminati.
Decisivi saranno i prossimi sei mesi.

Amici di Wen? Diciamo che gli obiettivi si sovrappongono. .

 

[tommy271]

PAPACONSTANTINOU IN USA PER UN MEETING POLITICO/ECONOMICO

Finance Minister George Papaconstantinou opens a new round of discussions in New York on Thursday. Papaconstantinou is in NY to present the progress in Greece’s economic policy program and the Greek economy.
He will travel to Washington, D.C. after to attend the 2010 Annual Meeting of the International Monetary Fund that begins on Friday.
While in the US, Papaconstantinou is scheduled to have meetings with his US and Russian counterparts; Treasury Secretary Timothy Geithner and Finance Minister Alexei Kudrin. He will also meet with China’s Vice Minister of Finance Zhu Guangyao.
On Sunday Papaconstantinou will meet with IMF Managing Director Domique Strauss-Kahn.

(Greek Reporter.gr)

 

[tommy271]

China, Greece and the EU

Judah Grunstein | Bio | 07 Oct 2010

I think it's premature to compare China's assurances that it will buy Greek government-issued bonds when they return to the market to the Marshall Plan, as Véronique Salz-Lozac'h does. But I agree that the Chinese commitment to Greece is very significant, for two reasons.

First, it represents a bridgehead for China to develop closer bilateral ties on a win-win basis with EU member states. Given the tenor of EU-China relations at the moment, as well as the size advantage that China sacrifices when dealing with the bloc as a whole, that works to China's benefit. Keep in mind, too, that the issues currently driving EU-China tensions -- appreciating the yuan and loosening Chinese import controls for EU goods -- are essentially German and French issues. In fact, Greece would benefit from being able to adopt China's policies vis à vis Germany, as well. So this is a net win for China and raises the possibility of another potential faultline for the EU, similar to the kinds of bilateral approaches the U.S. uses when reaching an EU-wide agreement is too constraining.

Second, it highlights the relative weight of China and the EU as actors in the global financial arena. This kind of guarantee from China will have a significantly calming effect on market fears over Greece and its debt. In fact, the Greek debt crisis was fueled at one point by reports that China had refused to buy up an offering of Greek government-issued bonds at under market interest rates, which at the time were particularly onerous for Athens. Compare and contrast that to the EU's efforts to calm those same fears and you'll see what I'm driving at. The EU did ultimately manage to backstop Greece, but it came at significant political and economic cost. And even now, it's not entirely certain that the instrument the EU finally arrived at will prove to be effective if needed. Beijing, on the other hand, can achieve the same results with a stop-over visit on the way to an acrimonius Asia-EU summit in Brussels. It's particularly ironic that this demonstration came at the very time that China and other Asian nations were demanding that Europe relinquish some of its disproportionate voting shares at the IMF to give emerging economies more say in the fund's governance.

What will be interesting to watch moving forward is the degree to which the other EU member states threatened with debilitating debt loads (Portugal and Spain) and/or bailout costs (Ireland) turn to Beijing as lender of first resort. If China does become the de facto underwriter of Europe's recovery from the crisis, then it will become appropriate to talk about a new Marshall Plan, and the developments in Greece will be seen as a turning point.

(worldpoliticsreview.com)

***
Interessante.
Cliccate sulle scritte in Blu, si aprono altri link.
Si accenna anche ad un piano "Marshall" che i nostri forumisti hanno già sentito da qualcuno ...

 

[tommy271]

UN PIANO MARSHALL CINESE PER LA GRECIA



By Véronique Salze-Lozac’h


What unfolded on October 2 between China and Greece is compelling, marking China’s biggest pledge of support for in-debt euro-zone nations. On his week-long tour of Europe, Chinese Premier Wen Jiabao made his first stop in Athens, where he offered to buy Greek government bonds to help the struggling nation overcome its debt burden and, hopefully, find its way back to financial, economic, and social stability. China also proposed to set up a $5 billion Greek-Chinese shipping fund and to support other Chinese investments in Greece to boost trade. Such investments could double bilateral trade between China and Greece to $8 billion by 2015.

Although the content of China’s plan for Greece is very different in scope than the Marshall Plan in the late 1940s, the largest and most effective recovery plan in Europe’s history, one cannot help but see another historical première in the making. Like the Marshall Plan in its time, China’s offer to help Greece is not about altruistic solidarity, and is far from selfless philanthropy. Indeed, it may not even be based on long-term political or ideological reasons, either. However, it is definitely a clever and enlightened economic and financial strategy.

As Paul Krugman wrote in The New York Times in 2003, after World War II “America’s leaders understood that fostering prosperity, stability, and democracy was as important as building military might in the struggle against communism.” Similarly, the Chinese government understands that, in our global economy, a stable and more prosperous Greece and beyond – the European Union as a whole – is an important element against international recession and a protection against negative, long-term effects on China from the worldwide financial and economic crisis.

The first objective is financial, and more specifically, monetary. China is concerned with the recent depreciation of the euro that has been penalizing Chinese exports to Europe. By offering support to Greece, China is acknowledging that the country’s disastrous financial situation has had a major role in the euro zone crisis. Supporting European recovery is a smart approach to keep the yuan currency from appreciating more, and to counter the United States’ forceful request for a stronger yuan.

In doing so, China aims to stimulate international trade and to support its exports to western countries. On the investment and trade front, China offered to stimulate investment in key sectors of Greece’s economy, such as shipping, construction, and tourism. Supporting cross foreign direct investments and setting up a Greek-Chinese shipping development fund will help China’s trade balance and encourage Greek shipowners to buy Chinese-made vessels.

The Chinese-Greek plan makes perfect economic and financial sense. It is also a smart political and public relations move.
Greece is currently under a $150 billion bailout from the 16-member euro zone and the International Monetary Fund, and China’s involvement will surely be much less than that. Chinese support may even be first limited to short-term bonds, waiting for Greece to return to markets before it buys long-term bonds. Nevertheless, with a European public opinion that largely sees China as the cause of a lot of its troubles, starting with delocalization, job losses, and restless social and economic competition, Wen Jiabao is sending a strong political message in attempts to influence European and worldwide public opinion. It’s also becoming clear that by describing China and the EU as “passengers in the same boat,” Premier Wen is trying to change the paradigm, and position China as a financial and economic partner, not a competitor.

While it is now common knowledge that China is playing a key role in financing western countries’ economies, this financial and political move may show a new turn in recognizing China as a key world player. This Chinese “rescue plan” may not make it into the history books as a new “Marshall Plan,” but it certainly marks a turning point in the relationship between Europe and China.

Véronique Salze-Lozac’h is The Asia Foundation’s regional director for Economic programs in Cambodia. She can be reached at [email protected].

 

[tommy271]

Grecia: sciopero dipendenti pubblici, cancellati voli aerei

giovedì 7 ottobre 2010 13:18




ATENE (Reuters) - E' iniziato oggi in Grecia lo sciopero di 24 ore dei dipendenti pubblici, che protestano contro le misure anti-austerity, nonostante l'adesione non particolarmente alta.
Gli uffici delle imposte e alcuni servizi pubblici sono chiusi o non disponibili, mentre i Ministeri e gli ospedali pubblici offrono prestazioni per i casi di emergenza. Decine di dipendenti pubblici si sono radunati nel centro di Atene, innalzando striscioni con su scritto "Tassate i ricchi".


Il governo socialista ha ridotto gli stipendi del settore pubblico di circa il 15 percento, aumentato le tasse e congelato le pensioni nel tentativo di risollevare le finanze del Paese per far fronte al piano di salvataggio da 110 miliardi di euro dell'Unione Europea e del Fondo monetario internazionale che ha salvato Atene dal collasso.
"Queste misure non sono eque. Hanno costretto le persone che non hanno soldi a pagare", ha spiegato Valia Bralou, studente 18enne, con entrambi i genitori dipendenti pubblici.


I voli da e per gli aeroporti greci saranno sospesi tra le 13 e le 17 (ora italiana), quando anche i controllori del traffico aereo aderiranno alla protesta. Olympic Air ha cancellato 27 voli e Aegean Airlines 15.
L'adesione agli scioperi degli ultimi periodi è in calo, dopo che diverse proteste non sono stati sufficienti a modificare le decisioni del governo.
A luglio alla manifestazione di protesta contro la riforma delle pensioni hanno aderito solo 12.000 persone, rispetto alle 50.000 scese in piazza a maggio.