Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1

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Grecia, polizia riapre Acropoli


Precari impedivano ingresso a turisti. Scontri, fermi e contusi



(ANSA) - ATENE, 14 OTT - La polizia ha riaperto l'Acropoli, occupata per il 2/o giorno consecutivo da un gruppo di precari, alcuni dei quali sono stati fermati. Nel corso del blitz, i reparti antisommossa (Mat) sono penetrati dalla parte posteriore della Collina Sacra ed hanno riaperto il cancello principale che era stato chiuso dal gruppo di precari del ministero della Cultura per impedire l'accesso ai turisti. Gli agenti hanno lanciato bombe lacrimogene e vi sono stati alcuni scontri. Vi sarebbero dei contusi.
 
come sono i CDS stamani?

Entity Name Mid Spread CPD (%)
Venezuela 935.30 47.88
Greece 678.36 43.85
Argentina 669.90 36.86
Pakistan 643.90 36.42
Ireland 414.57 30.26
Ukraine 489.63 29.37
Portugal 373.59 27.82
Iraq 405.60 25.05
Dubai/Emirate of 383.41 23.54
Illinois/State of 276.13 21.98
 
EBRD: Greek Crisis Will Continue To Weigh In SE Europe



The increase of bad loans and the fragile economic recovery will keep credit growth flat in the biggest part of central Europe, while the southeast part of the continent affected for years to come as a result of Greece΄s debt crisis, the EBRD΄s senior economic aide said on Wednesday.

"There is one cross-cutting theme in the region and that is the high level of non-performing loans and the weakness of bank balance sheets," said Piroska Nagy, senior advisor to the chief economist at the European Bank for Reconstruction and Development, Reuters reports.

She noted that while economies in the region have by large stabilized, Western lenders active in central Europe remain preoccupied with repairing their balance sheets instead of accelerating loan growth.

"The priority is to support the clean-up of balance sheets, it΄s a bank job and should be market-driven," Nagy told the Reuters Central European Summit via videolink in London.

"There will be some further consolidation. Several big bank groups are undergoing restructuring. They are selecting core markets and they might divest from non-core markets," she said.


"Bank groups will identify non-core markets to withdraw, that should be welcome ... It will be a market-based solution using this coordination mechanism," she said, noting that there had been no tendency in the region to nationalize the banks.

(Capital.gr)

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EBDR=BERS
 
Samaras on loan repayment

ANA-MPa/Main opposition New Democracy (ND) leader Antonis Samaras visited the port city of Piraeus on Wednesday, accompanied by his party's mayoral candidate in the municipality, Vassilis Mihaloliakos, in view of the Nov. 7 local government elections.

In statements while touring Greece's largest port, Samaras again lashed out at Finance Minister George Papaconstantinou, sharply criticising the latter for "insinuating comments" he has made in reference to former PM Costas Karamanlis.
The ND leader also called on the government to provide clarifications as regards the likelihood of an extension of the repayment period for the 110-billion-euro EU-ECB-IMF support mechanism received by the country.

Samaras stressed that any extension would be positive if considered in order to facilitate payments, adding however, that he would oppose such a prospect if it leads to a new memorandum and additional austerity measures.


(ana.gr)
 
International financial crisis turned into sovereign debt crisis - Russian finance minister


The international financial crisis has turned into a sovereign debt crisis, Russian Finance Minister Alexei Kudrin said on Thursday and called on European states to change their fiscal policies.
"A heated debate on a possible transformation of the financial crisis into a sovereign debt crisis took place about a year ago. The latest events showed that the transformation has in fact happened," Kudrin said at a Russia-EU dialogue meeting.


He said that state debt has risen due to anti-crisis spending, while "growing state default risks lead to financial market destabilization."
He also said it was necessary to carry out "an urgent fiscal correction in the most vulnerable countries" and compile medium-term programs of fiscal consolidation in all developed states.


"Though the International Monetary Fund has been advocating the idea for rather a long time, success in that area is still limited," Kudrin said.
He also said that dragging feet on fiscal consolidation until markets started to get worried was dangerous, pointing at Greece as an example.
"If the same scenario repeats in a larger country, consequences may prove to be more lamentable not only for the country but for the whole international economy," Kudrin said.

MOSCOW, October 14 (RIA Novosti)


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La posizione russa.
 
Bce:timori ritorno tensioni finanza


Permane dinamica positiva ripresa area euro. Rallentata in Usa



(ANSA)- ROMA, 14 OTT- Le prospettive delle 16 economie euro corrono rischi, e 'permangono timori sul riemergere di tensioni nei mercati finanziari'. Dice la Bce. Gli indicatori sulla crescita economica segnalano 'una moderazione nella seconda meta' dell'anno in area euro e su scala mondiale'.Ma,secondo il Bollettino di ottobre comunque 'permane la dinamica positiva della ripresa dell'area'. La ripresa e' rallentata negli Usa e 'le statistiche segnalano un ritmo di espansione modesto del Pil nel terzo trimestre'.
 
Twelve-month T-bill may be next

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Finance Ministry eyeing 2011 return to debt market with more confidence as bond spreads narrow



With the premium that investors demand to buy Greek government bonds falling, the Finance Ministry is considering auctioning 12-month Treasury bills in the coming months for the first time since April.
The premium investors demand to buy Greek government bonds rather than eurozone benchmark German bunds fell yesterday as the possibility of the International Monetary Fund lengthening loans to the country supported investor interest in higher yields.

The Greek/German 10-year bond yield spread narrowed to 661 basis points versus 695 basis points at Tuesday’s settlement close. Brokers said a recent promise by the Chinese to buy Greek debt and steps made by the government in its deficit reduction plan have lowered the country’s risk profile.

The IMF said on Sunday that bailout loans to Greece could be stretched out or replaced if refinancing worries lingered on markets, but that it currently has no concrete plans to do so. Greek government spokesman Giorgos Petalotis said yesterday that Greece has not submitted any request to extend repayments on the bailout loan from the European Union and IMF nor is it officially involved in talks that might lead to an extension.

Following the positive flow of news on Greece’s fiscal health, the Finance Ministry is planning to return to the capital markets to meet the country’s debt needs in 2011 with greater certainty.
As an initial step, the government may issue its first 12-month T-bill since April, when soaring yields knocked the country out of the debt market.

The yield on the debt auction would need to be below 5 percent, the rate paid to the EU and IMF for its 110-billion-euro loan, in order for it to be worthwhile. Tuesday’s 26-week T-bill auction was completed at a yield of 4.54 percent, down from 4.82 percent previously.
The successful auction of one-year debt in the coming months is considered necessary for Greece to start issuing bonds again, according to some market sources.

A return to the capital market next year is considered feasible on the condition that there is no negative turn of events in the global economy and the Greek government meets the goals outlined in the memorandum it signed with the EU and the IMF.

(Kathimerini.gr)

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Da leggere ...

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Cyprus says strong euro will hurt smaller states


ANA.gr


Cypriot Finance Minister Charilaos Stavrakis, seen here (r) with his Greek counterpart Giorgos Papaconstantinou, suggested yesterday that the strong euro will hurt smaller European economies and called on fellow European Union members to work harder to stimulate growth.

Speaking after a meeting with his Slovenian counterpart, Franc Krizanic, in Nicosia, Stavrakis told reporters that ‘the level of the euro, the recent appreciation... is hindering our exports and competitive position.’ He went on to say that he and Krizanic agreed ‘that major European countries, such as Germany, need to increase their deficits.

They can do this because their deficits are very low, so they can revive the European economy through an expansive fiscal policy.

This would benefit all small, open economies, such as Slovenia and Cyprus.’ Krizanic added that level of the euro in the second quarter of the year had helped the eurozone recover.

‘We hope that the level achieved in May and June stays stable. It is a level around 1.20 [dollars per euro].’
 
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