Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (44 lettori)

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tommy271

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Greece will meet targets, finance minister says

By William L. Watts

LONDON (MarketWatch) -- Greek Finance Minister George Papaconstantinou on Tuesday said Athens would meet its budget goals after Austria said it may withhold aid unless Greece shows it can meet its revenue targets.
Speaking to reporters ahead of a meeting of euro-zone finance ministers in Brussels, Papaconstantinou repeated that Greece plans to take additional steps to meet its 2011 budget target and that it would meet its 2010 targets.
Earlier, Austrian Finance Minister Josef Proell said that Austria's 190 million euro ($258 million) contribution to the December aid tranche would be paid only if Athens shows it can meet tax-receipt targets, news reports said.

The cost of insuring Greek sovereign debt against default rose, with the spread on five-year credit default swaps widening to 950 basis points from 853 on Monday, according to data provider Markit.

That means it would cost $950,000 a year to insure $10 million of Greek debt against default for five years, up from $853,000 on Monday.
 

tommy271

Forumer storico
Greek PM: No debt restructuring in offing


PARIS
Greek Prime Minister George Papandreou insists his country won't default on its euro298 billion ($406 billion) in debt because doing so would be a "catastrophe" for Greece, Europe and the euro.
Papandreou says in published interview that a debt restructuring "is out of the question."
The Greek leader, in Paris for a meeting of the Socialist International, was quoted in the Le Figaro newspaper on Tuesday saying that his people have made "sacrifices" to get Greece's national finances in order.
On Monday, Greece said this year's deficit was now estimated at 9.4 percent, well above the 8.1 percent level it forecast earlier this year when it received a euro110 billion ($140 billion) bailout from European partners and the International Monetary Fund.


(Bloomberg)
 

tommy271

Forumer storico
Austrian FinMin: Will pay our contribution to Greece if obligations fulfilled

Tue, Nov 16 2010, 16:00 GMT
http://www.forexlive.com


Looks like the arm-twisting has begun in Brussels as Austria does an about-face on Greek payouts. Not much bounce in EUR/USD, still below 1.3550...


***
Scusatemi, ma mi sembra che siamo in mano a dei cog..ioni :down:.
 
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