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

[tommy271]

Cruise deal may drive business away


NIKOS BARDOUNIAS


Major international cruise companies seem to be turning their back on Greece for the year 2012 as well, due to the government’s inability to set out a modern and attractive institutional framework for cruises to take place in Greece without restrictions on companies flying a non-European Union flag. Even the proposals – meant as incentives – announced yesterday by Maritime Affairs Minister Yiannis Diamantidis for non-EU-flagged companies, providing for a reduced boarding levy for those carrying a large number of passengers and the hiring of more Greek seamen, do not seem likely to save the day.
At a meeting held yesterday regarding the contract that cruise companies will have to sign with the state, one of the reactions included that this contract follows “a logic that is not compatible with the sense of cruise deregulation and does not apply to any other EU country.”
Foreign companies interested in doing business in Greece expected a simpler version of contractual terms but were met with a complicated set of conditions that they returned to the ministry with disappointment.
Sources report that the contract will last between one and three years and will be the same for all companies, as the ministry has recommended, to the dismay of cruise companies. The contract’s terms include a minimum cruise duration of 48 hours and a minimum stay at the boarding port in Greece of eight hours. For every additional port reached, the boarding levy will be reduced by 7 percent.
Meanwhile, cruise sources told Kathimerini that the decision by the Piraeus Port Authority (OLP) to increase port levies from 4.70 euros to 11.60 euros will not help attract cruise ships to Piraeus.
“The levy of 11.60 euros also includes the amount of 1.80 euros used for the payment of security for port installations and the safety of tourists, although already the port police is doing a perfect job,” sources said.


(Kathimerini.gr)

 

[tommy271]

Albanian bond

Albania is reviving plans to sell its first bonds in euros as demand for emerging-market debt pushes the borrowing costs of the poorest nation in the Balkans lower than that of neighboring Greece. The country is seeking to sell 300 to 400 million euros of five-year bonds that may be priced to yield about 7.5 percent, according to two people with knowledge of the sale. The yield on Greece’s note due August 2015 fell one basis point to 9.68 percent at 1.13 p.m. yesterday in Athens. Greece is rated BB+, the highest noninvestment grade, by Standard & Poor’s, and Albania is rated three steps lower at B+.



(Bloomberg)


***
Rimanendo nell'area balcanica ... tra gli emergenti ...

 

[tommy271]

Pensioners make their voices heard in Athens


Retirees shout anti-government slogans yesterday during a demonstration in central Athens in protest at austerity measures that have led to cuts in their monthly payments. Last week the government said that 500,000 pensioners with low earnings would receive a one-off bonus payment of 200 euros each by the end of the year.


(Kathimerini.gr)


***
Elargizioni pre-elettorali?
Si può fare ...

 

[Imark]

Venerdì OTC (avrei voluto aggiornare ieri sera, mi scuso, è mancato il tempo).

Prese di beneficio diffuse sul finire della settimana sui TdS greci, giunte però dopo il fortissimo avanzamento nei primi giorni della settimana ed in quella precedente, tant'è che molti prezzi restano cmq al di sopra di quelli di martedi scorso.

La curva dei rendimenti resta pertanto tutta abbondantemente al di sotto del 10% lordo, anche dopo i cali degli ultimi giorni.

il 2013 - 90,41 (BBML) 90,55 (Xtrakter);
il 2014 - 88,37 (BBML) 88,60 (Xtrakter);
il 2015 - 88,60 (BBML) 88,83 (Xtrakter);
il 2016 - 76,22 (BBML) 76,35 (Xtrakter);
il 2017 - 75,48 (BBML) 75,72 (Xtrakter);
il 2018 - 74,67 (BBML) 74,78 (Xtrakter);
il 2019 6% 80,47 (BBML) 80,79 (Xtrakter);
il 2019 6.5% 82,71 (BBML) 83,03 (Xtrakter);
il 2022 - 76,83 (BBML) 77,25 (Xtrakter);
il 2024 - 68,08 (BBML) 68,06 (Xtrakter);
il 2026 - 69,10 (BBML) 69,41 (Xtrakter);
il 2037 - 59,92 (BBML) 60,00 (Xtrakter);
il 2040 - 59,78 (BBML) 60,00 (Xtrakter);

GGBei 2025 - 55,40 (BBML), non significativo su Xtrakter
GGBei 2030 - 51,77 (BBML), non significativo su Xtrakter

OTC ieri sera, ad una settimana circa dalla volta precedente... è continuata la fase di alleggerimento, con take profit che è reazione naturale alla recente forte risalita dei prezzi... vista a distanza di una settimana dalla precedente rilevazione, la discesa appare sensibile, ma occorre valutare appunto da quale andamento di prezzi si proveniva, e si resta comunque ben al di sopra di quanto visto a fine agosto/inizio settembre ... mercato senza grandi spunti...

Quasi ferma la parte finale della curva, lungo la quale la salita era stata più modesta, ed i GGBei...

il 2013 - 89,51 (BBML) 89,56 (Xtrakter);
il 2014 - 86,86 (BBML) 86,89 (Xtrakter);
il 2015 - 86,70 (BBML) 86,75 (Xtrakter);
il 2016 - 74,08 (BBML) 74,14 (Xtrakter);
il 2017 - 73,43 (BBML) 73,51 (Xtrakter);
il 2018 - 72,54 (BBML) 72,47 (Xtrakter);
il 2019 6% 78,64 (BBML) 78,67 (Xtrakter);
il 2019 6.5% 80,61 (BBML) 80,78 (Xtrakter);
il 2022 - 75,89 (BBML) 75,96 (Xtrakter);
il 2024 - 66,53 (BBML) 66,73 (Xtrakter);
il 2026 - 68,11 (BBML) 68,20 (Xtrakter);
il 2037 - 59,53 (BBML) 59,50 (Xtrakter);
il 2040 - 59,47 (BBML) 59,81 (Xtrakter);

GGBei 2025 - 55,25 (BBML), non significativo su Xtrakter
GGBei 2030 - 51,39 (BBML), non significativo su Xtrakter

 

[tommy271]

Cicek: Turkey wants to resolve problems with Greece with dialogue

Turkish State Minister & Deputy Prime Minister Cemil Cicek said on Monday that Turkey wanted to resolve problems with Greece through dialogue.

Tuesday, 26 October 2010 11:50



Turkish State Minister & Deputy Prime Minister Cemil Cicek said on Monday that Turkey wanted to resolve problems with Greece through dialogue.

Cicek, also the government spokesman, told reporters after Council of Ministers meeting that, "Turkey does not want any problems with its neighbors. Turkey pursues 'zero problem' policy in relations with its neighbors. Others make use of tensions and conflicts between the two parties."

"Greece is our neighbor. Actually, we have some problems. Turkey is eager to resolve them through dialogue. Turkey exerts intensive efforts for the solution of problems," Cicek said.

Cicek said executives of Central Bank gave information to ministers about the activities of the Central Bank and the monetary policies. "According the the data released recently, economic activities continued to recover. This is really important for Turkey. We are pleased to say that Turkey is one of the countries which was affected the least from this crisis."

Commenting on employment, Cicek said, "the government focuses on this issue. It is clear that figures showing employment rate is not in the desired level. According to today's assessments, inflation will be in the downward trend and core inflation indicators continue in harmony with medium term targets."

Cicek said level of talks carried out with the EU was also discussed at the meeting, "enactment of law on pursuing and inspection of state supports was important for opening chapter heading on competition" he said.

"Related works will be concluded in October. We wish that chapter heading on 'competition' will be opened during rotating presidency of Belgium."

Cicek described October as a month when important steps have been made on talks carried out with the EU, noting that domestic and external developments were assessed.

(worldbullettin.net)

 

[g.ln]

cedimenti stamane

Buona giornata agli amici della Grecia. Qualche cedimento di prezzo. Il 19 6% sotto 78 stamane. Vediamo se continua a scendere per eventuali rientri.
Ciao, ciao, Giuseppe

 

[tommy271]

Buona giornata agli amici della Grecia. Qualche cedimento di prezzo. Il 19 6% sotto 78 stamane. Vediamo se continua a scendere per eventuali rientri.
Ciao, ciao, Giuseppe

Si Giuseppe, prosegue la lentissima deriva laterale sui nostri GGB. Ora lo Spread/Bund è sempre intorno ai 698 pb. sulle stesse oscillazioni di venerdì e lunedì scorso.
Il fenomeno, a mio parere, è dovuto in linea generale alle problematicità legate al TF obbligazionario. Più in particolare alla debolezza cronica del Club Med.

 

[tommy271]

Greek Market Posts Mild Profit Taking



Athens stocks are weaker on Tuesday tracking their European peers.

“Yesterday΄s very promising move, with the Athens market moving solely on positive grounds accompanied by increased trading volume, render us positive as to a possible continuation of the ascending rally, albeit on a more mediocre basis. While the retreat of open interest paves the way for the GI to retain its upward momentum, profit taking will gradually start to weigh more on the market΄s upward trend. In this context, we expect the Index to move in the region of the 1,630 - 1,650 units, which consist today΄s pivot point and 1st resistance level respectively,” Pegasus Securities says.

“The ASE posted another positive session yesterday closing up 1.9%. Trading volumes stood at decent levels, above EUR 100mn. We expect the market will open on the negative side today following recent profits,” Eurobank Securities says.

Across the board, the General Index drops 0.60% at 1,627.54 on a total turnover of 39.69 mil. euro.

(Capital.gr)

***
La Borsa di Atene, invece, è in buona tenuta rispetto ai guadagni di venerdì e lunedì .

 

[g.ln]

debolezza generale

Si Giuseppe, prosegue la lentissima deriva laterale sui nostri GGB. Ora lo Spread/Bund è sempre intorno ai 698 pb. sulle stesse oscillazioni di venerdì e lunedì scorso.
Il fenomeno, a mio parere, è dovuto in linea generale alle problematicità legate al TF obbligazionario. Più in particolare alla debolezza cronica del Club Med.

Spread costante. Non dovrebbero esserci ulteriori cedimenti . Sto a vedere, quasi quasi comincio a essere contento di essere uscito a 79 dal 19 6%....
Ciao, Giuseppe

 

[tommy271]

Spread costante. Non dovrebbero esserci ulteriori cedimenti . Sto a vedere, quasi quasi comincio a essere contento di essere uscito a 79 dal 19 6%....
Ciao, Giuseppe

Sempre a mio parere potremmo allargare ancora un poco quindi - tenendo le dita incrociate - potrebbero esserci occasioni di rientro (solo per portafogli adatti allo scopo ).
Il TF potrebbe subire un pò i contraccolpi delle "esternazioni weberiane", mentre rimane tutta da giocare in salita la partita per il recupero dello spread.