Hedger
Nuovo forumer
Dove avrei scritto che il rateo non l'ho pagato?Il rateo glielo hanno regalato...invece la cedola l'ha presa per intero...
http://www.investireoggi.it/forum/1832571-post17558.html
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
- Creatore Discussione Imark
- Data di Inizio
- Stato
http://www.investireoggi.it/forum/1832571-post17558.html
tommy271
Forumer storico
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tommy271
Forumer storico
More austerity measures ruled out
Worried about impact on local polls, government rejects Rehn’s claim that further steps may be needed
With one eye on next month’s local elections, when PASOK expects to be on the receiving end of a popular backlash against its austerity measures, the government moved quickly yesterday to douse suggestions that it would have to make more cuts this year because Greece’s public deficit will be revised upward.
Finance Minister Giorgos Papaconstantinou denied that any new measures would have to be taken following comments late on Monday by European Economic Affairs Commissioner Olli Rehn which suggested more cuts would be needed.
“Fiscal targets for 2011 will be maintained, which may require some additional measures of fiscal consolidation in order to stick to the fiscal targets,” said Rehn after a meeting of the Eurogroup of European Union finance ministers.
It is expected that Greece’s deficit for 2009 will come to 15.1 percent of gross domestic product in figures that Eurostat, the EU’s statistical arm, is due to announce soon. Until now, it had been estimated that the deficit would stand at 13.8 percent of GDP. The country’s debt is also due to be revised from 115.4 percent of GDP to 127 percent.
Rehn said that the recalculation of the deficit and debt, as a result of “some new findings that have to be reclassified as public entities” means that the new figures are unlikely to be announced this week, as originally planned. The numbers will probably be available in mid-November instead.
Sources in Athens said that all ministers were told to stick to the line set by Papaconstantinou: that the deficit revision would not lead to any extra measures being taken before the end of the year. PASOK insists that any further cuts will come in 2011 and will come from public spending, not pensions or civil servants’ wages. Other measures, such as further hikes in value-added tax, are to be discussed with the EU and the International Monetary Fund once the deficit figures are known.
The government’s unwillingness to put itself in the firing line before the November 7 local elections was also evident yesterday from Health Minister Andreas Loverdos’s apparent reluctance to rule out a further grace period for restaurants and bars in the implementation of the smoking ban.
(Kathimerini.gr)
Worried about impact on local polls, government rejects Rehn’s claim that further steps may be needed
With one eye on next month’s local elections, when PASOK expects to be on the receiving end of a popular backlash against its austerity measures, the government moved quickly yesterday to douse suggestions that it would have to make more cuts this year because Greece’s public deficit will be revised upward.
Finance Minister Giorgos Papaconstantinou denied that any new measures would have to be taken following comments late on Monday by European Economic Affairs Commissioner Olli Rehn which suggested more cuts would be needed.
“Fiscal targets for 2011 will be maintained, which may require some additional measures of fiscal consolidation in order to stick to the fiscal targets,” said Rehn after a meeting of the Eurogroup of European Union finance ministers.
It is expected that Greece’s deficit for 2009 will come to 15.1 percent of gross domestic product in figures that Eurostat, the EU’s statistical arm, is due to announce soon. Until now, it had been estimated that the deficit would stand at 13.8 percent of GDP. The country’s debt is also due to be revised from 115.4 percent of GDP to 127 percent.
Rehn said that the recalculation of the deficit and debt, as a result of “some new findings that have to be reclassified as public entities” means that the new figures are unlikely to be announced this week, as originally planned. The numbers will probably be available in mid-November instead.
Sources in Athens said that all ministers were told to stick to the line set by Papaconstantinou: that the deficit revision would not lead to any extra measures being taken before the end of the year. PASOK insists that any further cuts will come in 2011 and will come from public spending, not pensions or civil servants’ wages. Other measures, such as further hikes in value-added tax, are to be discussed with the EU and the International Monetary Fund once the deficit figures are known.
The government’s unwillingness to put itself in the firing line before the November 7 local elections was also evident yesterday from Health Minister Andreas Loverdos’s apparent reluctance to rule out a further grace period for restaurants and bars in the implementation of the smoking ban.
(Kathimerini.gr)
tommy271
Forumer storico
Qatar withdraws from Astakos LNG and power project
Qatar withdrew its interest in investing in the western Greek port of Astakos via a letter from the Arab state’s Energy Ministry to the Greek government yesterday.
The letter suggested that the two Qatari state companies involved in the project, which had agreed earlier this year on an estimated 10-billion-euro plan to construct and operate a liquefied natural gas (LNG) terminal and an electricity plant at the port, had deemed the investment was not in their interest.
A Skai Television report suggested that no agreement had been reached on the price of LNG between the Qatar officials and the Italians, who would have received 70 percent of the LNG quantities from the terminal.
Athens maintained that the withdrawl of Qatar’s interest in Astakos was a corporate development and will not affect the memorandum of cooperation signed last month between the governments of Greece and Qatar for the investment of 5 billion euros in Greece.
(ana.gr)
Qatar withdrew its interest in investing in the western Greek port of Astakos via a letter from the Arab state’s Energy Ministry to the Greek government yesterday.
The letter suggested that the two Qatari state companies involved in the project, which had agreed earlier this year on an estimated 10-billion-euro plan to construct and operate a liquefied natural gas (LNG) terminal and an electricity plant at the port, had deemed the investment was not in their interest.
A Skai Television report suggested that no agreement had been reached on the price of LNG between the Qatar officials and the Italians, who would have received 70 percent of the LNG quantities from the terminal.
Athens maintained that the withdrawl of Qatar’s interest in Astakos was a corporate development and will not affect the memorandum of cooperation signed last month between the governments of Greece and Qatar for the investment of 5 billion euros in Greece.
(ana.gr)
tommy271
Forumer storico
Fish farm merger deal unlikely
STELIOS BOURAS
Talks on merging three of the country’s largest fish farms have taken place recently but are unlikely to lead to a deal anytime soon due the low level of share prices, a source close to the discussions said yesterday.
The local press has been reporting that Dutch investment fund Linnaeus Capital Partners, which recently purchased minority stakes in aquaculture companies Dias, Nireus and Selonda ranging from 5 to 12 percent, is in talks with majority shareholders of the three firms in a bid to create a major player in the sector.
“These sorts of deals are not completed when shares are at the current lows. Who would sell at these prices?” the source told Kathimerini English Edition.
“A deal is unlikely unless there is an agressive takeover or the companies are in real financial strife; something that does not apply here.”
The fish farms’ shares, which are traded on the Athens bourse, have tumbled over the last three years, losing between 50 and 83 percent of their value.
With fish prices expected to keep rising, aquaculture is one of the country’s strongest growing industries, exporting most of its products and gaining market share over fish caught in the open sea.
(Kathimerini.gr)
STELIOS BOURAS
Talks on merging three of the country’s largest fish farms have taken place recently but are unlikely to lead to a deal anytime soon due the low level of share prices, a source close to the discussions said yesterday.
The local press has been reporting that Dutch investment fund Linnaeus Capital Partners, which recently purchased minority stakes in aquaculture companies Dias, Nireus and Selonda ranging from 5 to 12 percent, is in talks with majority shareholders of the three firms in a bid to create a major player in the sector.
“These sorts of deals are not completed when shares are at the current lows. Who would sell at these prices?” the source told Kathimerini English Edition.
“A deal is unlikely unless there is an agressive takeover or the companies are in real financial strife; something that does not apply here.”
The fish farms’ shares, which are traded on the Athens bourse, have tumbled over the last three years, losing between 50 and 83 percent of their value.
With fish prices expected to keep rising, aquaculture is one of the country’s strongest growing industries, exporting most of its products and gaining market share over fish caught in the open sea.
(Kathimerini.gr)
tommy271
Forumer storico
ECB Should Renew Monetary Support If Recovery Stalls, IMF Says
October 20, 2010, 4:31 AM EDT
By Mark Deen
Oct. 20 (Bloomberg) -- The European Central Bank should remain poised to extend non-conventional policies if the euro region’s economic recovery stutters, the International Monetary Fund said.
“The ECB should remain ready to adjust the time horizon of its low-interest rate policy and re-deploy extraordinary monetary measures if the recovery should stall unexpectedly,” the Washington-based lender said today in its latest regional economic outlook for Europe.
The comments come after ECB President Jean-Claude Trichet and Bundesbank President Axel Weber publicly disagreed over whether to end the central bank’s bond-purchase program, which was first implemented in May to counter the region’s sovereign- debt crisis. Weber on Oct. 13 called for an end to the program that has provided a lifeline to European governments and banks trying to restore their finances, an idea Trichet rejected.
“This is not the position of the Governing Council, with an overwhelming majority,” Trichet said when asked to comment on Weber’s remarks, according to a transcript of an interview published by Italian newspaper La Stampa on Oct. 17.
Weber, who also sits on the ECB’s 22-member decision-making council, said the risk of “exiting too late” from the emergency measures was greater than pulling out too soon. The remarks, the strongest from any ECB official advocating a removal of stimulus, came as governments and banks in Ireland, Portugal and Greece struggle to convince investors they can control their finances in the wake of this year’s debt crisis.
October 20, 2010, 4:31 AM EDT
By Mark Deen
Oct. 20 (Bloomberg) -- The European Central Bank should remain poised to extend non-conventional policies if the euro region’s economic recovery stutters, the International Monetary Fund said.
“The ECB should remain ready to adjust the time horizon of its low-interest rate policy and re-deploy extraordinary monetary measures if the recovery should stall unexpectedly,” the Washington-based lender said today in its latest regional economic outlook for Europe.
The comments come after ECB President Jean-Claude Trichet and Bundesbank President Axel Weber publicly disagreed over whether to end the central bank’s bond-purchase program, which was first implemented in May to counter the region’s sovereign- debt crisis. Weber on Oct. 13 called for an end to the program that has provided a lifeline to European governments and banks trying to restore their finances, an idea Trichet rejected.
“This is not the position of the Governing Council, with an overwhelming majority,” Trichet said when asked to comment on Weber’s remarks, according to a transcript of an interview published by Italian newspaper La Stampa on Oct. 17.
Weber, who also sits on the ECB’s 22-member decision-making council, said the risk of “exiting too late” from the emergency measures was greater than pulling out too soon. The remarks, the strongest from any ECB official advocating a removal of stimulus, came as governments and banks in Ireland, Portugal and Greece struggle to convince investors they can control their finances in the wake of this year’s debt crisis.
tommy271
Forumer storico
IMF: Greece restructuring costs outweigh benefits
VIENNA | Wed Oct 20, 2010 4:38am EDT
VIENNA Oct 20 (Reuters) - The International Monetary Fund agrees with Greece's government that the costs of restructuring Athens' public debt load would outweigh any benefits, a top IMF official said on Wednesday.
"We agree with the Greek authorities and the European Parliament that the cost of debt restructuring far outweighs the benefits," IMF European Department Acting Director Ajai Chopra told a news conference.
Chopra added that Greece's fiscal consolidation was on track but needed more work.
VIENNA | Wed Oct 20, 2010 4:38am EDT
VIENNA Oct 20 (Reuters) - The International Monetary Fund agrees with Greece's government that the costs of restructuring Athens' public debt load would outweigh any benefits, a top IMF official said on Wednesday.
"We agree with the Greek authorities and the European Parliament that the cost of debt restructuring far outweighs the benefits," IMF European Department Acting Director Ajai Chopra told a news conference.
Chopra added that Greece's fiscal consolidation was on track but needed more work.
tommy271
Forumer storico
Qatari energy project in Greece fails: government official
ATHENS, Oct 20, 2010 (AFP) - A high-profile Qatari energy investment in Greece has foundered owing to disputes in the private consortium working on the project, a government official close to the issue said on Wednesday.
"The companies disagreed over the final price of the product," deputy foreign minister Spyros Kouvelis told Flash Radio, referring to the electricity produced by the liquefied natural gas and power plant in the western port of Astakos.
The planned energy plant was the sole concrete project of an investment drive agreed with Qatar this year, which Kouvelis stressed would not be affected.
"This is a private investment and does not affect the agreement," he said.
Earlier this month, Kouvelis had said the power plant investment was worth 3.5 billion euros and would create 1,500 jobs. A memorandum on the project had been signed in the presence of the Greek and Qatari prime ministers in May.
Greek press reports said on Wednesday that the dispute arose over the price of electricity generated which would be sold to consumers in Italy.
In past months, there were also reported fears within the government that the power plant would have an adverse effect on the local environment.
Under another memorandum signed in New York on September 24, Qatar plans to invest in the Greek tourism, transport, infrastructure, real estate and energy sectors. No additional projects were identified at the time.
That agreement is worth 5.0 billion dollars (3.65 billion euros) and the Greek government says it is separate from the Astakos project.
Greece, mired in debt and a growing recession, has cast a wide net for foreign investors in recent weeks with emphasis on China, the Arab world, Israel and even old rivals Turkey.
The country almost went bankrupt in April when concerns about its ailing economy pushed its borrowing costs through the roof, and had to be rescued by the European Union and the International Monetary Fund with a massive bailout loan.
(zawya.com)
ATHENS, Oct 20, 2010 (AFP) - A high-profile Qatari energy investment in Greece has foundered owing to disputes in the private consortium working on the project, a government official close to the issue said on Wednesday.
The planned energy plant was the sole concrete project of an investment drive agreed with Qatar this year, which Kouvelis stressed would not be affected.
"This is a private investment and does not affect the agreement," he said.
Earlier this month, Kouvelis had said the power plant investment was worth 3.5 billion euros and would create 1,500 jobs. A memorandum on the project had been signed in the presence of the Greek and Qatari prime ministers in May.
Greek press reports said on Wednesday that the dispute arose over the price of electricity generated which would be sold to consumers in Italy.
In past months, there were also reported fears within the government that the power plant would have an adverse effect on the local environment.
Under another memorandum signed in New York on September 24, Qatar plans to invest in the Greek tourism, transport, infrastructure, real estate and energy sectors. No additional projects were identified at the time.
That agreement is worth 5.0 billion dollars (3.65 billion euros) and the Greek government says it is separate from the Astakos project.
Greece, mired in debt and a growing recession, has cast a wide net for foreign investors in recent weeks with emphasis on China, the Arab world, Israel and even old rivals Turkey.
The country almost went bankrupt in April when concerns about its ailing economy pushed its borrowing costs through the roof, and had to be rescued by the European Union and the International Monetary Fund with a massive bailout loan.
(zawya.com)
tommy271
Forumer storico
UBS: A Eurobank/Alpha Deal Makes Sense
There is pressure from regulators for the banks to consolidate in Greece in order to strengthen further the system ahead of asset quality challenges, UBS says in a report dated October 18th.
“As a result, we believe mergers are a very likely outcome in the next few months. Eurobank/Alpha is the deal that makes the most sense to us, both strategically and from a value-creation perspective,” it says.
A merger could create the largest Greek bank, with €155bn of assets, 2,713 branches and a strong market presence across 10 markets. It would give dominant market share in Greece and improved presence in Romania and Bulgaria, with 13-14% as the resulting market share.
“In our view, any deal would have to be in the form of a merger (paper deal) but effectively Eurobank would be the acquirer as it has a larger balance sheet and, more importantly, its core shareholder, EFG Group, would end up with control (estimated 23% stake). So, if this were to happen, Eurobank might offer a premium for Alpha shares in exchange for control. The deal would be likely to be combined with a rights issue in light of Greece’s woes but could nevertheless provide some excitement/upside,” the firm says.
(Capital.gr)
There is pressure from regulators for the banks to consolidate in Greece in order to strengthen further the system ahead of asset quality challenges, UBS says in a report dated October 18th.
“As a result, we believe mergers are a very likely outcome in the next few months. Eurobank/Alpha is the deal that makes the most sense to us, both strategically and from a value-creation perspective,” it says.
A merger could create the largest Greek bank, with €155bn of assets, 2,713 branches and a strong market presence across 10 markets. It would give dominant market share in Greece and improved presence in Romania and Bulgaria, with 13-14% as the resulting market share.
“In our view, any deal would have to be in the form of a merger (paper deal) but effectively Eurobank would be the acquirer as it has a larger balance sheet and, more importantly, its core shareholder, EFG Group, would end up with control (estimated 23% stake). So, if this were to happen, Eurobank might offer a premium for Alpha shares in exchange for control. The deal would be likely to be combined with a rights issue in light of Greece’s woes but could nevertheless provide some excitement/upside,” the firm says.
(Capital.gr)
tommy271
Forumer storico
Greek Market Advances On Wednesday
Athens stocks gain on Wednesday, amid earnings reports from abroad.
“With US markets΄ profit taking gaining ground as we moved towards the end of yesterday΄s session, we consider that the Athens market will most probably start on lower grounds today, possibly aiming for the 1,560 units which consist the Index΄s 1st support level. In case the GI retreated further, towards the 1,545 units (2nd intraday support level), and if trading volume remained low, we would consider increasing our positions, at least on an intraday level, as the Index will most probably react towards the 1,575 units (pivot point),” Pegasus says in its morning report.
Across the board, the General Index gains 0.84% at 1,586.26 on a total turnover of 29.85 mil. euro.
(Capital.gr)
***
Spread/Bund a 670 pb. circa, con oscillazioni più evidenti verso l'alto.
Complessivamente entro il range di oscillazione degli ultimi giorni.
Sul nostro MOT è prevalente il segno rosso.
Athens stocks gain on Wednesday, amid earnings reports from abroad.
“With US markets΄ profit taking gaining ground as we moved towards the end of yesterday΄s session, we consider that the Athens market will most probably start on lower grounds today, possibly aiming for the 1,560 units which consist the Index΄s 1st support level. In case the GI retreated further, towards the 1,545 units (2nd intraday support level), and if trading volume remained low, we would consider increasing our positions, at least on an intraday level, as the Index will most probably react towards the 1,575 units (pivot point),” Pegasus says in its morning report.
Across the board, the General Index gains 0.84% at 1,586.26 on a total turnover of 29.85 mil. euro.
(Capital.gr)
***
Spread/Bund a 670 pb. circa, con oscillazioni più evidenti verso l'alto.
Complessivamente entro il range di oscillazione degli ultimi giorni.
Sul nostro MOT è prevalente il segno rosso.
- Stato
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