Zuzzurellone
Forumer attivo
I bond 2025 FRN sono sospesi e in netto calo (poco prima che riuscissi a piazzare un acquisto a 48,75...)
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (41 lettori)
- Creatore Discussione Imark
- Data di Inizio
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tommy271
Forumer storico
Austria: EU delays Greek loan payout by a month
BRUSSELS (AP) — Austria says eurozone nations have agreed to delay the payout of the next installment of an emergency loan to Greece from December to January.
Austrian Finance Minister Josef Proell said Wednesday in Brussels the delay was decided at the ministers' meeting Tuesday night.
Proell already had said Tuesday that Austria would not release its portion of the next tranche because Greece had not fulfilled the requirements of the bailout agreement.
A euro110 billion ($150 billion) emergecy loan to Greece agreed in the spring is doled out over three years, depending on the progress the country makes in cutting its massive budget deficit.
Greece said Monday its 2010 deficit would be significantly higher than previously forecast.
BRUSSELS (AP) — Austria says eurozone nations have agreed to delay the payout of the next installment of an emergency loan to Greece from December to January.
Austrian Finance Minister Josef Proell said Wednesday in Brussels the delay was decided at the ministers' meeting Tuesday night.
Proell already had said Tuesday that Austria would not release its portion of the next tranche because Greece had not fulfilled the requirements of the bailout agreement.
A euro110 billion ($150 billion) emergecy loan to Greece agreed in the spring is doled out over three years, depending on the progress the country makes in cutting its massive budget deficit.
Greece said Monday its 2010 deficit would be significantly higher than previously forecast.
Jessica.
out of time...
tommy271
Forumer storico
Austria fin min says Greek aid tranche delayed to Jan
BRUSSELS | Wed Nov 17, 2010 4:07am EST
BRUSSELS Nov 17 (Reuters) - Austrian Finance Minister Josef Proell said on Wednesday the next tranche of an EU-backed aid package for Greece has been delayed to January from December.
Referring to talks on Tuesday night between euro zone finance ministers that focused on Ireland, Portugal and Greece, Proell said:
"We also discussed Greece very briefly and the Greek tranche will be postponed until January and not be paid out in December. We are waiting for the numbers out of Greece but it looks significantly better now," he told reporters on Wednesday.
He did not spell out if this applied just to Austria's contribution, or to the package as a whole.
Proell had said on Tuesday that Greece had not fulfilled commitments for its European Union-backed aid package and that Austria had not yet submitted its contribution for December. He also said at the time that Austria's 190 million euro contribution was not automatic.
***
Ancora brutte nuove dall'Austria ...
BRUSSELS | Wed Nov 17, 2010 4:07am EST
BRUSSELS Nov 17 (Reuters) - Austrian Finance Minister Josef Proell said on Wednesday the next tranche of an EU-backed aid package for Greece has been delayed to January from December.
Referring to talks on Tuesday night between euro zone finance ministers that focused on Ireland, Portugal and Greece, Proell said:
"We also discussed Greece very briefly and the Greek tranche will be postponed until January and not be paid out in December. We are waiting for the numbers out of Greece but it looks significantly better now," he told reporters on Wednesday.
He did not spell out if this applied just to Austria's contribution, or to the package as a whole.
Proell had said on Tuesday that Greece had not fulfilled commitments for its European Union-backed aid package and that Austria had not yet submitted its contribution for December. He also said at the time that Austria's 190 million euro contribution was not automatic.
***
Ancora brutte nuove dall'Austria ...
Zuzzurellone
Forumer attivo
Addio affarone, qualcuno ha eseguito un buy da 200.000 a 51,23 ed ora l'han ri-sospeso
Jessica ha scritto mentre scrivevo io... altro che qualcuno! Qualcuno di noi del forum
tommy271
Forumer storico
Addio affarone, qualcuno ha eseguito un buy da 200.000 a 51,23 ed ora l'han ri-sospeso
Ah ecco, altro che qualcuno! Qualcuno di noi del forum
Occhio che forse rinviano la terza tranche degli aiuti da dicembre a gennaio ...
tommy271
Forumer storico
Comments from EU finance ministers, officials
Wed Nov 17, 2010 3:33am EST
(Reuters) - Following are comments by European Union finance ministers and officials ahead of a meeting in Brussels on Wednesday.
AUSTRIAN FINANCE MINISTER JOSEF PROELL
On situation in Greece:
"We briefly spoke about Greece. We are waiting for the data from Greece but that looks much better."
"We have put a safety net in place in Europe, beyond that there are no instruments, we made that clear yesterday. One can make use of that, as can the Irish government, and Ireland will check the data and the situation and it can make use of the safety net if it needs to. It's for the stability of the country."
On assistance for Ireland:
"Nobody will say no to support from outside of the euro zone."
SWEDISH FINANCE MINISTER ANDERS BORG
"To our mind it's quite clear that those countries that contribute to uncertainty with high debt levels should also bear a higher price for that.
"Therefore we think that the financing of the crisis mechanism should be based on debt levels rather than GDP levels.
"When it comes to Ireland, I think we've seen a first step toward reducing the uncertainty. The next step must obviously be a broad-based fiscal consolidation."
BRITISH FINANCE MINISTER GEORGE OSBORNE
"We're going to do what is in Britain's national interest. Ireland is our closest neighbor and it's in Britain's national interest that the Irish economy is successful and we have a stable banking system," Osborne said ahead of a meeting of European Union finance ministers.
"So Britain stands ready to support Ireland in the steps that it needs to take to bring about that stability."
EU ECONOMIC AND MONETARY AFFAIRS COMMISSIONER OLLI REHN
"Everything has been moving according to the plan and according to the steps needed.
"Let's not jump the gun. We are now engaged in short and effective consultations with the Irish government together with the European Central Bank and the IMF in order to assess the real situation of the banking sector and the needs of reorganization and potential consequences of that.
Asked if Britain should assist Ireland:
"That is under discussion and it is natural because the United Kingdom and UK banks have a very significant exposure in Ireland. There is a very strong interconnection in the banking sector and the financial system between the two countries.
"It is essential that we will underline the importance of determination in fiscal consolidation and important decisions in the field of structural reforms. That's the best recipe to ensure that we can enhance economic growth in Europe and we can return to sustainable public finances."
Wed Nov 17, 2010 3:33am EST
(Reuters) - Following are comments by European Union finance ministers and officials ahead of a meeting in Brussels on Wednesday.
AUSTRIAN FINANCE MINISTER JOSEF PROELL
On situation in Greece:
"We briefly spoke about Greece. We are waiting for the data from Greece but that looks much better."
"We have put a safety net in place in Europe, beyond that there are no instruments, we made that clear yesterday. One can make use of that, as can the Irish government, and Ireland will check the data and the situation and it can make use of the safety net if it needs to. It's for the stability of the country."
On assistance for Ireland:
"Nobody will say no to support from outside of the euro zone."
SWEDISH FINANCE MINISTER ANDERS BORG
"To our mind it's quite clear that those countries that contribute to uncertainty with high debt levels should also bear a higher price for that.
"Therefore we think that the financing of the crisis mechanism should be based on debt levels rather than GDP levels.
"When it comes to Ireland, I think we've seen a first step toward reducing the uncertainty. The next step must obviously be a broad-based fiscal consolidation."
BRITISH FINANCE MINISTER GEORGE OSBORNE
"We're going to do what is in Britain's national interest. Ireland is our closest neighbor and it's in Britain's national interest that the Irish economy is successful and we have a stable banking system," Osborne said ahead of a meeting of European Union finance ministers.
"So Britain stands ready to support Ireland in the steps that it needs to take to bring about that stability."
EU ECONOMIC AND MONETARY AFFAIRS COMMISSIONER OLLI REHN
"Everything has been moving according to the plan and according to the steps needed.
"Let's not jump the gun. We are now engaged in short and effective consultations with the Irish government together with the European Central Bank and the IMF in order to assess the real situation of the banking sector and the needs of reorganization and potential consequences of that.
Asked if Britain should assist Ireland:
"That is under discussion and it is natural because the United Kingdom and UK banks have a very significant exposure in Ireland. There is a very strong interconnection in the banking sector and the financial system between the two countries.
"It is essential that we will underline the importance of determination in fiscal consolidation and important decisions in the field of structural reforms. That's the best recipe to ensure that we can enhance economic growth in Europe and we can return to sustainable public finances."
tommy271
Forumer storico
Greece to stay the course, says PM
Papandreou rejects idea of default as minister suggests colleagues not doing enough to cut spending
Prime Minister George Papandreou said yesterday that there was no question of Greece defaulting on its debt, as eurozone finance ministers met in Brussels to discuss whether Ireland would have to resort to taking on an emergency loan mechanism, as Greece did early this year.
Dublin looks increasingly likely to need European Union and International Monetary Fund help amid fears that financial instability could spread to other countries that use the euro.
Given the fraught climate in Europe, Papandreou attempted to assure people that Greece is not heading for bankruptcy after seeing its 2009 public deficit figure revised upward on Monday to 15.4 percent of gross domestic product.
Papandreou said a Greek default would be a “catastrophe” for the country, Europe and the euro. He also said the idea of restructuring any of its 300-billion-euro debt is “out of the question.”
“We are continuing in the direction we have set out,” he told France’s Le Figaro newspaper. “We have proved wrong all those who said that Greece would not be able to put its public finances in order. This effort is continuing.”
However, the effort to cut public spending appears to be taking its toll on the government’s unity. In a radio interview, Health Minister Andreas Loverdos, previously head of the Labor Ministry where he spearheaded pension reforms, suggested that he was working much harder than other colleagues to help the country’s public finances.
“We do not have a health minister at the moment, we have an accountant,” he said. “That’s what I am, since it has fallen on me for a second time to close a black hole [in public finances].” Loverdos said that his initiatives would save the government 1.3 billion euros of the 4.5 billion it needs to find by the end of the year.
Meanwhile, government spokesman Giorgos Petalotis suggested yesterday that the government may rethink its decision to hold a parliamentary inquiry into the fiscal statistics produced under the previous New Democracy government.
PASOK appears to be reconsidering the move as it might hamper its attempts to come to a political consensus over the next few months. The possibility of reaching out to ND was also set to be tested by a midnight vote in Parliament yesterday on whether to indict five former conservative ministers over the alleged Vatopedi Monastery real estate scandal.
(Kathimerini.gr)
Prime Minister George Papandreou said yesterday that there was no question of Greece defaulting on its debt, as eurozone finance ministers met in Brussels to discuss whether Ireland would have to resort to taking on an emergency loan mechanism, as Greece did early this year.
Dublin looks increasingly likely to need European Union and International Monetary Fund help amid fears that financial instability could spread to other countries that use the euro.
Given the fraught climate in Europe, Papandreou attempted to assure people that Greece is not heading for bankruptcy after seeing its 2009 public deficit figure revised upward on Monday to 15.4 percent of gross domestic product.
Papandreou said a Greek default would be a “catastrophe” for the country, Europe and the euro. He also said the idea of restructuring any of its 300-billion-euro debt is “out of the question.”
“We are continuing in the direction we have set out,” he told France’s Le Figaro newspaper. “We have proved wrong all those who said that Greece would not be able to put its public finances in order. This effort is continuing.”
However, the effort to cut public spending appears to be taking its toll on the government’s unity. In a radio interview, Health Minister Andreas Loverdos, previously head of the Labor Ministry where he spearheaded pension reforms, suggested that he was working much harder than other colleagues to help the country’s public finances.
“We do not have a health minister at the moment, we have an accountant,” he said. “That’s what I am, since it has fallen on me for a second time to close a black hole [in public finances].” Loverdos said that his initiatives would save the government 1.3 billion euros of the 4.5 billion it needs to find by the end of the year.
Meanwhile, government spokesman Giorgos Petalotis suggested yesterday that the government may rethink its decision to hold a parliamentary inquiry into the fiscal statistics produced under the previous New Democracy government.
PASOK appears to be reconsidering the move as it might hamper its attempts to come to a political consensus over the next few months. The possibility of reaching out to ND was also set to be tested by a midnight vote in Parliament yesterday on whether to indict five former conservative ministers over the alleged Vatopedi Monastery real estate scandal.
(Kathimerini.gr)
tommy271
Forumer storico
Austria grumbles about Greece
Vienna threatens to block aid to Athens but then tones down remarks; Luxembourg OK on next tranche
With tensions between Greece and Germany rising this week over ways to solve the eurozone’s sovereign debt problems, Austria threatened to block its share of the next transfer of aid funds to Athens unless the Greek government meets deficit-cutting goals agreed upon six months ago with the European Union and International Monetary Fund.
Austrian Finance Minister Josef Proell said in Vienna that he lacked assurances from Greece to commit to the payment. He toned down his remarks later, telling journalists in Brussels that Austria was prepared to meet its pledge to Greece and that Greece was “on a good path.”
“We are getting indications that the Greeks can’t stick to their plan in a sufficient manner, in particular on the revenue side,” Proell said according to a government e-mail that confirmed remarks made after a cabinet meeting yesterday. “The data we have at the moment doesn’t give any reason to approve the December tranche from the Austrian point of view.”
Talking to reporters later in Brussels before a meeting of euro-area finance ministers, Proell said, “Greece is on a good path – I want to say that explicitly – but apparently isn’t exactly on course.”
Greek Finance Minister Giorgos Papaconstantinou refused to comment yesterday on reports that Austria might withhold its contribution. Meanwhile in Luxembourg, Finance Minister Luc Frieden said there is “no reason” to hold up the next tranche of aid to Greece.
Austria’s comments came a day after Greek Prime Minister George Papandreou criticized Chancellor Angela Merkel’s proposals to force bondholders to shoulder more of the burden from bailouts.
German Finance Minister Wolfgang Schauble rejected Papandreou’s remarks.
“When I heard the comments by the Greek prime minister I thought, with all due respect, that Greece has enjoyed a lot of European and German solidarity,” he said. “But solidarity is not a one-way street. That shouldn’t be forgotten in Greece.”
On Monday, Merkel attacked her predecessor, Social Democrat Chancellor Gerhard Schroeder and his Finance Minister Hans Eichel, for allowing Greece into the eurozone. The SPD, now in opposition, acted irresponsibly, she said.
(Kathimerini.gr)
***
La giornata "viennese" di ieri ...
With tensions between Greece and Germany rising this week over ways to solve the eurozone’s sovereign debt problems, Austria threatened to block its share of the next transfer of aid funds to Athens unless the Greek government meets deficit-cutting goals agreed upon six months ago with the European Union and International Monetary Fund.
Austrian Finance Minister Josef Proell said in Vienna that he lacked assurances from Greece to commit to the payment. He toned down his remarks later, telling journalists in Brussels that Austria was prepared to meet its pledge to Greece and that Greece was “on a good path.”
“We are getting indications that the Greeks can’t stick to their plan in a sufficient manner, in particular on the revenue side,” Proell said according to a government e-mail that confirmed remarks made after a cabinet meeting yesterday. “The data we have at the moment doesn’t give any reason to approve the December tranche from the Austrian point of view.”
Talking to reporters later in Brussels before a meeting of euro-area finance ministers, Proell said, “Greece is on a good path – I want to say that explicitly – but apparently isn’t exactly on course.”
Greek Finance Minister Giorgos Papaconstantinou refused to comment yesterday on reports that Austria might withhold its contribution. Meanwhile in Luxembourg, Finance Minister Luc Frieden said there is “no reason” to hold up the next tranche of aid to Greece.
Austria’s comments came a day after Greek Prime Minister George Papandreou criticized Chancellor Angela Merkel’s proposals to force bondholders to shoulder more of the burden from bailouts.
German Finance Minister Wolfgang Schauble rejected Papandreou’s remarks.
“When I heard the comments by the Greek prime minister I thought, with all due respect, that Greece has enjoyed a lot of European and German solidarity,” he said. “But solidarity is not a one-way street. That shouldn’t be forgotten in Greece.”
On Monday, Merkel attacked her predecessor, Social Democrat Chancellor Gerhard Schroeder and his Finance Minister Hans Eichel, for allowing Greece into the eurozone. The SPD, now in opposition, acted irresponsibly, she said.
(Kathimerini.gr)
***
La giornata "viennese" di ieri ...
- Stato