Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (9 lettori)

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tommy271

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Greece: "We have won crucial battles" says G. Papandreou
Πηγή: Express.gr 04/11/10-10:39


Prime Minister George Papandreou called on all citizens to participate in the November 7 local government elections "because it is a vote of responsibility for the country, for our country and local administration."

Addressing a rally at a hotel's convention centre in the northwestern city of Ioannina on Tuesday, Papandreou said "the salvation and reshaping of our country is an affair and a decision of all of us. I am certain that the citizens, in their overwhelming majority, willl confirm and will strengthen the wind of change that is blowing in our country."

Referring to the economy, Papandreou said: "Many are watching our efforts and successes amazed. We have won and are still winning crucial battles but we have not yet won the war. We acquired reliability. The right to raise our stature and to protect the interests of our country. As we did in the past days as well, at the European Union's Summit, where we averted the adoption of an unacceptable proposal, for those countries in the European Union having great fiscal problems, as we, to be deprived of the democratic right of their vote."

In another point in his address, the prime minister underlined that "we are faithful to our slogan 'either we change or we sink'." And he went on to say "and on the contrary, the size and intensity of the crisis was and is for us a further reason for us to change quicker. And this is what we did and we are doing."

Papandreou also referred to the latest terrorist acts in Athens, saying that "we condemn unequivocally and we stand merciless, merciless towards whoever attempts, in vain, to disrupt with terrorist acts social peace and to deal a blow at the image of our country internationally in a particularly difficult period.

"For us the security of the citizen is a right of the citizen. Security in his life, his work, his daily life. The government and the relevant services will continue the systematic, organised effort, that has given specific results recently."
 

tommy271

Forumer storico
Ciao Tom .... sul fregare i bondisti non sarebbe la prima volata , ma questi sono TDS in mano ai cittadini ,non oso pensare. a cosa sucederebbe in caso di tagli di valore o addirittura azzeramenti......si rischia veramente di vedere buona parte dell' Europa a ferro e fuoco .......non lo credo proprio .......

In mano ai cittadini, ma anche alle banche.
Il sistema economico greco verte sul sostegno della liquidità della BCE fornita attraverso il collaterale GGB.
Anche una semplice "ristrutturazione" del debito avrebbe implicazioni innanzitutto interne.
Quindi è semplicistico dire che diminuendo il debito la Grecia risolve i problemi: lo vediamo anche attraverso la Borsa di Atene, la correlazione con l'andamento dei TdS è strettissima.
 

tommy271

Forumer storico

Governments rebuked over crisis planning

By Ralph Atkins in Frankfurt
Published: November 5 2010 01:21 | Last updated: November 5 2010 01:21


Eurozone governments have been formally rebuked by the European Central Bank for failing to agree to sufficiently ambitious plans to prevent future crises in Europe’s monetary union.
Reforms proposed so far did not amount to the “quantum leap” in the economic governance of the 16-country region that the ECB was demanding, Jean-Claude Trichet, ECB president said.

His comments confirmed the ECB’s disappointment that its own radical proposals were not adopted, and highlighted its determination to keep the pressure on politicians to avert future crises on the scale seen in countries such as Greece or Ireland.

Mr Trichet said he was “not pre-announcing a catastrophe” for the eurozone in the future. But the ECB, as the euro’s monetary guardian, felt “more intensely the importance of having the economic union functioning as well as possible”. Since the launch of the euro in 1999, monetary policy has been in the hands of just the ECB – but fiscal policy has remained under the control of national governments.

Under Mr Trichet’s leadership, the ECB has set out a plan for beefing up the European Union’s budget rules and policing both fiscal and general macroeconomic policies. It regarded the past weakening of the “stability and growth pact”, which sets limits on fiscal deficits and debt levels, as a grave mistake by eurozone leaders.

However, the ECB’s governing council complained on Thursday that there would be “insufficient automaticity” in the policing of fiscal policies – in other words, politicians would retain too much discretion. It also regretted the imprecision of rules on reducing government debt ratios and weakness in the proposed system for monitoring and controlling macroeconomic policies.

However, the ECB president refused at his press conference in Frankfurt on Thursday to expand on the warnings he gave EU leaders privately about the new rescue scheme they are designing for future bail-outs. That reflected fears that public clashes between the ECB and governments would fuel market nervousness about the financial stability of some countries.
The ECB is worried that Germany’s attempts to link the new rescue mechanism with procedures for debt restructuring will heighten speculation about a future default.

Angela Merkel, German chancellor, is keen to avoid her taxpayers paying the cost of future bail-outs. But the ECB’s fears have been realised this week, with borrowing costs for Ireland and Portugal shooting up as investors took fright at the threat of them shouldering a greater share of losses.

Mr Trichet pointed out that the International Monetary Fund, when it addressed financial crisis, did not assume ex ante a need for restructuring a country’s finances.


FT.com / Brussels - Governments rebuked over crisis planning

 

tommy271

Forumer storico
EU members resent Franco-German axis




ROME, Nov. 4 (UPI) -- Italy's foreign minister suggested France and Germany have "pre-cooked" agreements between themselves to the exclusion of other members of the European Union.
Franco Frattini was referring to the Oct. 18 Deauville, France, summit at which French President Nicolas Sarkozy and German Chancellor Angela Merkel worked out a compromise on budget rules to head off financial crises like the one that took place recently in Greece, Financialtimes.com reported.
Frattini said the EU member states should instead establish a "vanguard group," or G6, to be comprised of the of the six largest EU countries, to broaden the consultative process.
"We can have consultations but not pre-cooked decisions taken by Paris or Berlin," said Frattini.
Frattini is the most senior official to express publicly the resentment toward the Germany-France alliance that European diplomats had expressed privately.
Frattini's proposal for a G6, which he said would be an informal consultative mechanism, would bring together France, Germany, Italy, Spain, Poland and Britain -- and might provisionally include other members.


(upi.com)
 

tommy271

Forumer storico
Secondo voi c'è un legame con le emissioni di titoli bancari italiani subordinati arrivati recentemente sul Mot? Sembra che sia una moda, almeno 1-2 per ogni banca principale negli ultimi mesi...
Non è che già "sanno"... Che dopo l'Irlanda toccherà a... :down:

I Sub devono tornare alla vocazione originaria: maggior premio, maggior rischio.
 

tommy271

Forumer storico
se non erro ieri il 17 ha scambiato parecchio

Forse ho un'amnesia, ma mi pare di aver visto i soliti movimenti.
Dato che il post l'ho fatto sul finire di una giornata piuttosto ... movimentata, non vorrei aver scambiato un titolo per un altro :-?.
Da Italia, Portogallo, Irlanda, Grecia ...ne seguo un pò troppi ultimamente.
Nel caso lieto, se mi correggete.
 
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