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

[tommy271]

LA QUESTIONE DEL NOME: HILLARY CLINTON A DIFESA DELLA POSIZIONE GRECA


The Obama administration in Washington D.C. is pushing the Skopian Republic to accept the predominant name for the country which is “Vardaska Makedonija”.
However the United Nations official proposal of “Northern Makedonia” remains on the table. Secretary of Foreign Affairs Hilary Clinton was very clear about the intentions of the Obama government at a recent U.S. – E.E. meeting .

During the speech from the representative of Slovenia, she intervened and strongly stated that Greece should cease negotiations with the E.U. about FYROM, and the country’s accession into NATO.
Her opinion on the matter was that Prime Minister George Papandreou had stated his position, therefore it was now FYROM’s turn to respond.

She indirectly sent another message to the Skopian Republic with the option of using the term “Makedonia”, referring to the northern neighborhood.
Clinton has strongly supported the Greek “2014 Agenda” for the accession of the whole Balkan network of Serbia, Bosnia, and Kosovo into the E.E.

(Greek Reporter.gr)

 

[tommy271]

Acropoli aperta,gratis,sotto controllo polizia

(ANSA) - ATENE, 16 OTT - L'Acropoli ha aperto oggi e l'ingresso, come gia' ieri, e' eccezionalmente gratuito per decisione del Ministero della cultura.
La situazione e' controllata dalla polizia.
Il sito archeologico ieri pomeriggio aveva riaperto i cancelli dopo due giorni e mezzo di occupazione e proteste da parte dei lavoratori precari del ministero della cultura.

I precari hanno annunciato che la protesta non e' finita contro il mancato pagamento degli stipendi e le centinaia di licenziamenti.

 

[tommy271]

Agents flout competition rules

Real estate brokers accused of illegally setting minimum to fees; commission to hear case December 20

By Dimitra Manifava - Kathimerini


Five real estate associations have been accused by the Directorate-General for Competition of setting minimum fees for their services, in a scathing report against the industry.
In a report passed on to the Competition Commission, the Directorate-General for Competition recommended the imposition of fines on the groups.


“The indirect and direct setting of minimum fees is one of the most serious violations of competition rules that harms consumers,” the commission said in a statement yesterday.
In inspections on the offices belonging to the associations located across the country, a series of documents were found that showed that the associations had set a minimum 2 percent fee on the value of properties, payable to the real-estate agent.


This was set out clearly in their charter and had been stated in the minutes of meetings and other legal documents.
The inspections also found that the group had forbidden their members from advertising a fee lower than the 2 percent mark or reducing it to zero.
According to practices often adopted in the industry, both the buyer and seller are charged the fee, which means that a 4 percent charge is imposed on each transaction.


It is common, however, for only the buyer to be hit with the fee and for the seller’s 2 percent to come out of the selling price, which would have been bumped up accordingly.
The Competition Commission will examine the report on December 20 at a time when the government is striving to open up closed professions in Greece as dictated in the memorandum signed with the European Union and International Monetary Fund.


This is the second real estate-related issue being investigated by competition authorities.
At the start of November, the commission will be called on to decide whether a series of violations have been committed by the Technical Chamber of Commerce, which determines the minimum charges for construction projects.


(Kathimerini.gr)

 

[tommy271]

Myconos picked as top European island getaway



Myconos and the Cyclades archipelago were named as the perfect island getaway by readers of leading US magazine Conde Nast Traveler as Best European Island.
Myconos was chosen over Turkey’s Bozcaada and Spain’s Ibiza, which ranked second and third respectively in the survey.
The Greek island will be hoping that the award will translate into extra businesses for them after experiencing a tough summer.


Figures provided by the Association of Greek Tourism Enterprises (SETE) showed that the number of foreigners visiting Greece in the first nine months of the year fell 0.57 percent on an annual basis to 9.47 million people.
Revenues in the sector, however, are estimated to drop by between 10 to 15 percent from last year’s levels, as hotels were forced to slash prices to draw customers and travelers kept a tighter grip on the purse strings.
SETE counts visitors entering Greece via the country’s 13 largest airports.


(Kathimerini.gr)

 

[tommy271]

Lending may soon return to normal


STELIOS BOURAS


Solid demand in National Bank’s (NBG) share capital increase reflects increased confidence in Greece, paving the way for a possible return by Greek lenders to interbank lending in the coming months, NBG’s CEO Apostolos Tamvakakis said yesterday.
Demand for a 1.8-billion-euro rights issue and bond offering, which wound up earlier this week, reached 1.8 times the offered amount in a cash call aimed at boosting NBG’s capital position as the local economy moves deeper into recession.

Tamvakakis said 208,000 shareholders from 77 countries took part in the share capital hike in what was the first vote of confidence shown in Greece after the sovereign debt crisis brought the country to the brink of bankruptcy earlier this year.
“We believe that international lines of finance to the Greek banking system will start to open slowly. It wouldn’t be impossible for this to happen within the year,” Tamvakakis told reporters after meeting with Prime Minister George Papandreou yesterday.

“This will mean less reliance on the European Central Bank [ECB] and then the rolling over of funds into the market.”
Shut out of wholesale lending markets due to their exposure to junk status Greek bonds, local lenders have been increasing their reliance on the ECB to meet their liquidity needs.
However, data released on Thursday showed that their reliance on the Frankfurt-based lender had declined in September for a second straight month.

Greek lenders held a total of 94.3 billion euros for refinancing operations compared with 95.9 billion euros in August, according to figures from the Bank of Greece.
Although this figure is still considered to be very high, analysts described the decline as being positive, indicating that an outflow of deposits from Greek banks is likely to have stabilized.


(Kathimerini.gr)

 

[tommy271]

Investors will be...


Investors will be keeping an eye on the results of Greece’s next debt auction, scheduled for Tuesday.
The Public Debt Management Agency said yesterday that the government will auction a total of 900 million euros in 13-week treasury bills.
With Greek efforts aimed at cutting the country’s massive deficit starting to produce results and talk that the International Monetary Fund may provide the country with more time to repay its loans, sentiment toward Greek debt has recently improved.


(Kathimerini.gr)

 

[tommy271]

Stocks end week up by 2.8 percent


Stocks ended the week in positive territory as investors reacted to the bank sector’s recent outperformance.
The Athens bourse’s benchmark general index firmed 0.53 percent to 1,549.94 points, racking up gains of 1.40 percent for the week.
The blue chip FTSE/ATHEX 20 index added 0.38 percent to end at 756.75 points.

Banks inched up 0.10 percent, ending the week with gains of 2.85 percent.
Geniki Bank, majority-owned by France’s Societe Generale, jumped 11.65 percent to 2.78 euros. Its peer Emporiki, which belongs to French banking giant Credit Agricole, also outperformed, adding 3.77 percent to 2.20 euros.
Cement company Titan dipped 1.20 percent to 15.58 euros.
HSBC cuts its price target on Titan to 18.80 euros, from 21.50 euros previously, while keeping its neutral rating on the stock.

Oil refinery Hellenic Petroleum firmed 0.88 percent to 5.75 euros.
On Thursday, Goldman Sachs upped its rating on Hellenic Petroleum to neutral, from sell, and removed the stock from its Pan-Europe sell list.
Turnover reached 116.4 million euros versus 151 million in the previous session.


(Kathimerini.gr)


***
Un sunto della settimana alla Borsa di Atene.

 

[g.ln]

temporanea correzione di rotta: spread in restringimento

Venerdì è stata una giornata dominata dalle incertezze, nel frattempo sono proseguite le prese di beneficio sui nostri ellenici che giungono da una serie interminabile di sedute positive: la "cartaccia" greca rimane comunque al top-ten dei recuperi.

La correzione di rotta ha avuto inizio nella tarda mattinata di giovedì per proseguire sin nel primo pomeriggio di venerdì quando si è arrestata. In questo caso ha influito molto il netto recupero dei periferici, cui ha contribuito la fase calante del Bund. Sui nostri ellenici ampie oscillazioni comprese tra i 660 e i 700 pb.

Martedì è attesa l'asta dei Bot/Greek a tre mesi, il Ministro delle Finanze Papaconstantinou tenterà di bissare il successo avuto con la precedente a sei mesi: in teoria gli sforzi sul restringimento degli spread continueranno o, perlomeno, non dovrebbero volare verso l'alto.
Per il 12 mesi, con rendimenti attesi sotto il 5%, bisognerà attendere i primi mesi del 2011.

Grecia 664 pb. (676)
Irlanda 384 pb. (401)
Portogallo 345 pb. (385)
Spagna 164 pb. (173)
Italia 135 pb. (139)

Ciao Tommy, probabilmente la correzione di rotta si è arrestata, come scrivi tu, anche se prese di beneficio potrebbero continuare.
Nel dubbio, dopo essere stato buttato fuori dal 2019 6% a causa di un trailing stop probabilmente troppo alto, ma ne ero consapevole (79), sono rientrato venerdì stesso intorno a 76 (so che non è un prezzo da panico, ma sono pronto a entrare ulteriormente se scende) con un primo cippo di 20K nel 2017 4,3%, che si trovava nella parte alta dei rendimenti, e con durata finanziaria più breve del 2019.
Motivo: non volevo alleggerire troppo un treno che probabilmente continuerà la sua corsa.
Buon sabato a tutti gli amici amanti dei titoli greci .
Giuseppe

 

[g.ln]

post del 12 ottobre

Si Grisù, nell'incertezza forse è meglio non mediare al rialzo, d'altronde se hai ritenuto di uscire completamente dai decennali........
Non siamo abituati al verde , ma direi di frenare un attimo gli alleggerimenti, e lasciar correre i guadagni, come dice l'AT, proteggendoli con trailing stop: non è semplicissimo, ma sarebbe un peccato fermare ora i gain dopo che abbiamo aspettato tanto... con tripla pazienza e coraggio.
Ciao, Giuseppe

Lo dicevo che non era semplicissimo
Giuseppe

 

[Grisù]

Lo dicevo che non era semplicissimo
Giuseppe

Ritengo che lo stop dovrebbe essere proporzionale alla durata, i miei non sono ancora scattati sui lunghi . I volumi mi farebbero pensare ad una breve lateralità per poi riprendere a salire ma potrei sbagliare ed è per questo che ho ridotto l'esposizione su Grecia vendendo i brevi-medi.

In ogni caso uno stop sul gain è pur sempre una buona notizia, speriamo di averne sempre molti .