Gaudente
Forumer storico
Il problema e' che sia nel caso sia della Grecia che dell'Irlanda la spirale non si e' affatto bloccata ... i titoli di entrambi i paesi sono a ridosso dei minimi assoluti e salvo sporadici recuperi continuano a scivolare.
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (8 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
METHOS
Forumer storico
Si però c'è anche il rischio del tiro a molla, nel senso che i portoghesi a momento non accettano e si ingenera tensione finanziaria sui vari piigs.
Comunqu mettere in sicurezza il portogallo significa solo accellerare i tempi dell'attacco alla spagna
tommy271
Forumer storico
Ieri la conversazione tra Merkel e Sarkozy, da quanto trapela dalle fonti ufficiali, non ha portato nessuna novità oltre a quelle conosciute.
Le uniche novità sembrano provenire da Weber, il quale sembrava ieri molto ben disposto (le banche tedesche sono dappertutto) verso gli acquisti BCE sul secondario, oltre ad una disponibilità su un possibile aumento del fondo di emergenza europeo.
Ieri Christine Lagarde puntava i piedi intorno alla complessa discussione intorno al coinvolgimento dei privati in caso di ristrutturazione dei debiti di uno stato sovrano: «Il mondo privato dovrebbe essere coinvolto solo caso per caso. Tutte le situazioni sono diverse le une dalle altre, così come i gruppi di creditori sono diversi a seconda dei casi. Non dovremmo creare un sistema da applicare meccanicamente».
Insomma le discussioni incalzano mentre la nave affonda ...
Le uniche novità sembrano provenire da Weber, il quale sembrava ieri molto ben disposto (le banche tedesche sono dappertutto) verso gli acquisti BCE sul secondario, oltre ad una disponibilità su un possibile aumento del fondo di emergenza europeo.
Ieri Christine Lagarde puntava i piedi intorno alla complessa discussione intorno al coinvolgimento dei privati in caso di ristrutturazione dei debiti di uno stato sovrano: «Il mondo privato dovrebbe essere coinvolto solo caso per caso. Tutte le situazioni sono diverse le une dalle altre, così come i gruppi di creditori sono diversi a seconda dei casi. Non dovremmo creare un sistema da applicare meccanicamente».
Insomma le discussioni incalzano mentre la nave affonda ...
tommy271
Forumer storico
Vero ... le voci sul Portogallo contribuiranno ad alimentare le tensioni anzichè abbassarle.
Nonostante il piano di aiuti la Grecia si ritrova a ridosso dei minimi di maggio quando si era ritrovata con le casse vuote.
L'Irlanda facendo richiesta di soccorso ha accelerato la caduta dei suoi titoli.
Il problema è andare oltre gli aiuti, creare un quadro normativo di regole sane, efficaci e credibili.
tommy271
Forumer storico
Fondo salvataggio euro, Schaeuble contrario a richieste aumento
venerdì 26 novembre 2010 09:02
BERLINO, 26 novembre (Reuters) - Il responsabile alle Finanze tedesco Wolfgang Schaeuble respinge le richieste di alcuni economisti di primo piano che sollecitano un incremento del fondo di salvataggio della zona euro.
"Sono richieste senza senso" dice all'emittente radiofonica 'Bayerischer Rundfunk'.
Alcuni tra i primi economisti del paese interpellati dalla 'Bild' si dicono a favore di un incremento della dotazione del fondo in caso a necessitare gli aiuti siano paesi come la Spagna.
venerdì 26 novembre 2010 09:02
BERLINO, 26 novembre (Reuters) - Il responsabile alle Finanze tedesco Wolfgang Schaeuble respinge le richieste di alcuni economisti di primo piano che sollecitano un incremento del fondo di salvataggio della zona euro.
"Sono richieste senza senso" dice all'emittente radiofonica 'Bayerischer Rundfunk'.
Alcuni tra i primi economisti del paese interpellati dalla 'Bild' si dicono a favore di un incremento della dotazione del fondo in caso a necessitare gli aiuti siano paesi come la Spagna.
g.ln
Triplo Panico: comprare
pessimismo?
Buona giornata ai possessori dei titoli greci. Molto pessimismo stamane nei ns. commenti. Ma, a me sembra che le quotazioni stiano tenendo da qualche giorno e i minimi di maggio non sono stati ancora raggiunti.
Di solito, quando la catastrofe sembra alle porte, si inverte la tendenza e il mercato ricomincia a sperare...
Vediamo come va questo venerdì
.
Ciao, Giuseppe
Buona giornata ai possessori dei titoli greci. Molto pessimismo stamane nei ns. commenti. Ma, a me sembra che le quotazioni stiano tenendo da qualche giorno e i minimi di maggio non sono stati ancora raggiunti.
Di solito, quando la catastrofe sembra alle porte, si inverte la tendenza e il mercato ricomincia a sperare...
Vediamo come va questo venerdì
.Ciao, Giuseppe
tommy271
Forumer storico
Piraeus Bank 9M Net At EUR41 Mil.
Piraeus Bank Friday said that in the first nine months of 2010, net profit attributable to shareholders was EUR41 mn, versus EUR219 mn in 9m’09.
Still, it notes that the result was further burdened by the one-off tax of EUR28 mn imposed for 2009 profits, so net profit in 9m’10 amounted at EUR14 mn.
Pre-provision profit excluding trading results increased by 5% y-o-y at EUR490 mn (EUR469 mn in 9m’09) and pre-provision profit reached EUR461 mn, -24% y-o-y (EUR603 mn in 9m’09). “This decrease was mainly attributed to trading results (EUR29 mn trading losses compared to trading gains of EUR135 mn in 9m’09),” the Athens based lender said.
Net interest income amounted to EUR897 mn, +10% y-o-y (EUR812 mn in 9m’09). The stabilization of deposit cost at high levels was offset by the systematic repricing of all loan products both in Greece and internationally. The best quarterly performance in net interest income for the Group historically (EUR305 mn).
NIM in 9m’10 (net interest income on average interest earning assets) increased to 2.7% compared to 2.6% in 9m’09.
Operating costs remained flat y-o-y (EUR636 mn). For the full year 2010, operating costs are expected to be lower compared to 2009.
Provisions amounted to EUR418 mn (+26% vs. EUR331 mn in 9m’09) corresponding to 143 bps on average loans (114 bps in 9m’09) as a response to the deteriorating economic environment in Greece in Q3’10 (GDP growth rate Q3’10 -4.5% y-o-y compared to -4.0% y-o-y in Q2’10).
“Despite the difficult economic situation, the serious efforts that have been made to stabilize the economy along with the recent gradual normalization of the banking environment in Greece, have created the preconditions that enable the Bank to proceed with a share capital increase of EUR800 mn to further enhance its capital base and safeguard its balance sheet. The Bank has received underwriting commitments, in respect of the full amount of the Rights Issue from a syndicate of international financial institutions. Upon this proposition, the Bank’s major shareholders have responded very favourably,” said Michalis Sallas, the bank’s head.
“The strengthening of the Bank and the prudent management which is applied to issues of liquidity, asset quality and operating expenses will enable the Bank to address the economic conjuncture effectively and will create the prospects for exploiting growth opportunities when the conditions permit it,” he added.
(Capital.gr)
Piraeus Bank Friday said that in the first nine months of 2010, net profit attributable to shareholders was EUR41 mn, versus EUR219 mn in 9m’09.
Still, it notes that the result was further burdened by the one-off tax of EUR28 mn imposed for 2009 profits, so net profit in 9m’10 amounted at EUR14 mn.
Pre-provision profit excluding trading results increased by 5% y-o-y at EUR490 mn (EUR469 mn in 9m’09) and pre-provision profit reached EUR461 mn, -24% y-o-y (EUR603 mn in 9m’09). “This decrease was mainly attributed to trading results (EUR29 mn trading losses compared to trading gains of EUR135 mn in 9m’09),” the Athens based lender said.
Net interest income amounted to EUR897 mn, +10% y-o-y (EUR812 mn in 9m’09). The stabilization of deposit cost at high levels was offset by the systematic repricing of all loan products both in Greece and internationally. The best quarterly performance in net interest income for the Group historically (EUR305 mn).
NIM in 9m’10 (net interest income on average interest earning assets) increased to 2.7% compared to 2.6% in 9m’09.
Operating costs remained flat y-o-y (EUR636 mn). For the full year 2010, operating costs are expected to be lower compared to 2009.
Provisions amounted to EUR418 mn (+26% vs. EUR331 mn in 9m’09) corresponding to 143 bps on average loans (114 bps in 9m’09) as a response to the deteriorating economic environment in Greece in Q3’10 (GDP growth rate Q3’10 -4.5% y-o-y compared to -4.0% y-o-y in Q2’10).
“Despite the difficult economic situation, the serious efforts that have been made to stabilize the economy along with the recent gradual normalization of the banking environment in Greece, have created the preconditions that enable the Bank to proceed with a share capital increase of EUR800 mn to further enhance its capital base and safeguard its balance sheet. The Bank has received underwriting commitments, in respect of the full amount of the Rights Issue from a syndicate of international financial institutions. Upon this proposition, the Bank’s major shareholders have responded very favourably,” said Michalis Sallas, the bank’s head.
“The strengthening of the Bank and the prudent management which is applied to issues of liquidity, asset quality and operating expenses will enable the Bank to address the economic conjuncture effectively and will create the prospects for exploiting growth opportunities when the conditions permit it,” he added.
(Capital.gr)
Jessica.
out of time...
stai a vedere che rimborsano solo quelli acquistati alla pari...
mentre gli altri verranno definiti acquisti speculativi... fatti da "vili" speculatori.
tommy271
Forumer storico
MPB 9M Net At EUR90.9 Million
Marfin Popular Bank Thursday said its Nine-month 2010 net profit stood at EUR90.9 million, underpinned by an 18% y/y increase in net interest income to EUR181.9 million.
3Q10 reported net profit at EUR30.1 million has tripled on a sequential basis with 3Q10 NII at EUR181.9 million, 7% higher versus 3Q09 and 2% higher on a sequential basis.
Fee & commission income expanded by 4% q/q to EUR51 million, primarily as a function of the Group’s growing IBB business while revenues expanded by 4% q/q in 3Q10 to EUR256.7 million, amid a sustained improvement in revenue quality.
NPL formation declined 21% on a sequential basis, underpinned by improving asset quality trends in Cyprus and across the Group’s international operations.
Cost of credit declined by 13 bps on a sequential basis in line with the Group’s NPL formation trends.
Provision coverage rose by 20 bps q/q to 51.2%, consistent with the Group’s stated objective to improve its provision buffer.
Group NPL ratio rose to 7.1% in 3Q10 from 6.6% in 2Q10, partly affected by a flattish q/q loan book.
Total capital ratio rose by 30 bps q/q to 11.8%, due to the combined impact of resilient profitability and improved asset utilization.
The forthcoming share capital increase together with the convertible bond issue should boost the Group’s total capital ratio to 16.0% on a 9M10 pro-forma basis
“The Group is in the process of setting up a representative office in China, with the view to be operational in the first quarter of 2011; this is aligned with MPB’s strategy to capture an increasing volume in the fast growing global emerging markets transactional business,” it said.
(Capital.gr)
***
Le banche sono messe meglio rispetto allo stato ...
Marfin Popular Bank Thursday said its Nine-month 2010 net profit stood at EUR90.9 million, underpinned by an 18% y/y increase in net interest income to EUR181.9 million.
3Q10 reported net profit at EUR30.1 million has tripled on a sequential basis with 3Q10 NII at EUR181.9 million, 7% higher versus 3Q09 and 2% higher on a sequential basis.
Fee & commission income expanded by 4% q/q to EUR51 million, primarily as a function of the Group’s growing IBB business while revenues expanded by 4% q/q in 3Q10 to EUR256.7 million, amid a sustained improvement in revenue quality.
NPL formation declined 21% on a sequential basis, underpinned by improving asset quality trends in Cyprus and across the Group’s international operations.
Cost of credit declined by 13 bps on a sequential basis in line with the Group’s NPL formation trends.
Provision coverage rose by 20 bps q/q to 51.2%, consistent with the Group’s stated objective to improve its provision buffer.
Group NPL ratio rose to 7.1% in 3Q10 from 6.6% in 2Q10, partly affected by a flattish q/q loan book.
Total capital ratio rose by 30 bps q/q to 11.8%, due to the combined impact of resilient profitability and improved asset utilization.
The forthcoming share capital increase together with the convertible bond issue should boost the Group’s total capital ratio to 16.0% on a 9M10 pro-forma basis
“The Group is in the process of setting up a representative office in China, with the view to be operational in the first quarter of 2011; this is aligned with MPB’s strategy to capture an increasing volume in the fast growing global emerging markets transactional business,” it said.
(Capital.gr)
***
Le banche sono messe meglio rispetto allo stato ...
tommy271
Forumer storico
Premier wants quicker reforms
Ministers being briefed on new plan to improve coordination ahead of creditors’ visit in March
Prime Minister George Papandreou is disappointed with the pace of implementation of structural reforms and has briefed his ministers on a new plan to improve coordination within the government ahead of the next scheduled inspection by Greece’s creditors in March, sources told Kathimerini yesterday.
The new plan, which is to be overseen by Papandreou, reportedly foresees the premier’s deputy, Theodoros Pangalos, assuming a role focused on coordinating government activities aimed at boosting growth. So far, Pangalos’s brief has been to regularly evaluate the performance of all ministries. Finance Minister Giorgos Papaconstantinou will remain at the helm of the fiscal reform effort and continue monitoring the implementation of specific measures agreed upon in the memorandum signed in May between Greece and its international creditors – the European Commission, European Central Bank and International Monetary Fund.
According to sources, Interior Minister Yiannis Ragousis will be entrusted with the role of coordinating government activities that do not fall under the remit of the memorandum. It is thought that one of Ragousis’s tasks will be the monitoring of an “alternative” memorandum featuring positive reforms aimed at boosting growth and improving public services to offset the impact of austerity measures. According to sources, Papandreou hopes that this alternative memorandum – or “national plan” – could provide a basis for finding common ground with other political parties. Earlier this week, Papandreou asked his ministers to submit a list of five priorities for this national plan. These lists are to be perused by Ragousis tomorrow, sources said.
This reorganization of responsibilities was interpreted yesterday by some commentators as, in effect, a promotion of Ragousis who, along with Papaconstantinou, will be one of the government machine’s key drivers.
Addressing a Cabinet meeting yesterday, Papandreou said 2011 would be “a year of major reforms” following a year of difficult political decisions. He praised his Irish counterpart Brian Cowen for proposing painful austerity measures without considering the political cost. “He did not abandon ship, leaving the next government with a ticking time bomb,” he said, referring to his own conservative predecessor Costas Karamanlis.
(Kathimerini.gr)
Prime Minister George Papandreou is disappointed with the pace of implementation of structural reforms and has briefed his ministers on a new plan to improve coordination within the government ahead of the next scheduled inspection by Greece’s creditors in March, sources told Kathimerini yesterday.
The new plan, which is to be overseen by Papandreou, reportedly foresees the premier’s deputy, Theodoros Pangalos, assuming a role focused on coordinating government activities aimed at boosting growth. So far, Pangalos’s brief has been to regularly evaluate the performance of all ministries. Finance Minister Giorgos Papaconstantinou will remain at the helm of the fiscal reform effort and continue monitoring the implementation of specific measures agreed upon in the memorandum signed in May between Greece and its international creditors – the European Commission, European Central Bank and International Monetary Fund.
According to sources, Interior Minister Yiannis Ragousis will be entrusted with the role of coordinating government activities that do not fall under the remit of the memorandum. It is thought that one of Ragousis’s tasks will be the monitoring of an “alternative” memorandum featuring positive reforms aimed at boosting growth and improving public services to offset the impact of austerity measures. According to sources, Papandreou hopes that this alternative memorandum – or “national plan” – could provide a basis for finding common ground with other political parties. Earlier this week, Papandreou asked his ministers to submit a list of five priorities for this national plan. These lists are to be perused by Ragousis tomorrow, sources said.
This reorganization of responsibilities was interpreted yesterday by some commentators as, in effect, a promotion of Ragousis who, along with Papaconstantinou, will be one of the government machine’s key drivers.
Addressing a Cabinet meeting yesterday, Papandreou said 2011 would be “a year of major reforms” following a year of difficult political decisions. He praised his Irish counterpart Brian Cowen for proposing painful austerity measures without considering the political cost. “He did not abandon ship, leaving the next government with a ticking time bomb,” he said, referring to his own conservative predecessor Costas Karamanlis.
(Kathimerini.gr)
- Stato