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tommy271

Forumer storico
Samaras blasts ND defectors, Bakoyannis
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Party meets after departure of two MPs



New Democracy leader Antonis Samaras yesterday launched a stark attack on deputies who have quit or are thinking of quitting the conservative party, labeling them “cowards” and accusing former Foreign Minister Dora Bakoyannis of providing succor to an ineffective government through her new political grouping.

Speaking to his parliamentary group after the departure of two MPs this week, taking the total of deputies that have left or been ousted from ND since May to five, Samaras accused the outcasts of having been “stowaways” in ND who are now looking to halt the party’s rise after its disastrous showing in last year’s general elections by backing up the government instead.

“It is ridiculous, at a time when government ministers are starting to recognize that the country is at a dead end, that some people are rushing to help out,” he said. “Some people want to strengthen the coalition of the willing even though others who supported the [EU-IMF] memorandum are now beginning to regret their decision.”

Samaras also accused Bakoyannis, who formed the centrist Democratic Alliance on Sunday, of providing moral support to the government in its bid to implement the austerity measures prescribed by the European Union and the International Monetary Fund as part of the emergency loan agreement.

“Those who create a new party to supposedly express the will of society while rushing to support the policies of the memorandum have clearly not understood what is going on around them,” the ND leader told his deputies.

Samaras also had harsh words for the government, accusing it of adopting the wrong economic policies and of being reluctant to trim the bloated public sector. “Populism is in PASOK’s DNA,” he said. “The reforms are stalling not because New Democracy is obstructing them, but because PASOK is unwilling to demolish everything that it built.”

Government spokesman Giorgos Petalotis responded by accusing Samaras of proposing “magic solutions” to restore the economy. The government said yesterday that it was beginning the process of transferring employees from prefectures to municipalities. It added that it would present its plan to cut waste at the Athens Urban Transport Organization (OASA) in two weeks.

(Kathimerini.gr)

***
Direi che il quadro politico interno depone sempre più favorevolmente verso la compagine governativa.

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tommy271

Forumer storico
Row erupts over Sunday trading in Christmas lead-up



The National Confederation of Hellenic Commerce (ESEE) described the possibility of retail stores in Athens opening for business on Sunday, December 12, as being unacceptable and said it would benefit large companies.
‘Continually lower turnover will not increase (with the extra day of trade) but will just be redistributed in favor of the larger supermarkets and commercial malls in the center of Athens,’ ESEE said in a statement yesterday.

‘This unacceptable decision by the Athens prefecture may be the opening to begin Sunday trading.’ Greece’s largest private-sector union GSEE also opposed the move, insisting that the decision is illegal and infringes on worker rights.

Greece’s deepening recession and plunging consumer confidence have weighed heavily on retail sales figures, which fell by an annual pace of 12 percent in August, according to the Hellenic Statistical Authority (ELSTAT).


(Kathimerini.gr)
 

tommy271

Forumer storico
Piraeus Bank profits nearly wiped out



Piraeus Bank, Greece’s fourth-largest lender, reported yesterday a massive 94 percent drop in nine-month profits, hurt by higher taxes, weak loan growth and greater provisions.
Net earnings dropped to 14 million euros, broadly in line with market estimates.

A deepening recession weighed on loan demand and asset quality, leading to higher loan-loss provisions, which rose 26 percent to 418 million euros.
Net interest income rose 10 percent year-on-year to 897 million euros.

Deposits slightly increased between July and September by 1.2 percent from the previous quarter, to 24.4 billion euros.
Piraeus booked in the second quarter a 28-million-euro windfall tax the government imposed to shore up public finances and help plug its budget shortfall.

Piraeus plans to raise 1.05 billion euros from an 800-million-euro rights offer in January and the sale of 250 million euros in convertible bonds.

The bank will ask shareholders to approve the plan to bolster its finances at a December 6 meeting.
”The bank’s major shareholders have responded very favorably (to the share-capital increase plan),” Piraeus Chairman Michalis Sallas said in a statement.

The bank plans to reduce operating costs to below the 893 million euros reported in 2009. That will involve introducing a voluntary sabbatical program for employees in Greece under which wages would be cut to 40 percent to 50 percent of existing rates for as long as three years.

Shares in Piraeus trimmed mid-session losses of more than 3 percent to end off 0.33 percent at 3.04 euros on the Athens bourse yesterday, versus a 0.28 percent dip on the broader market.

(Kathimerini.gr)

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Uno sguardo sulle banche.
 

tommy271

Forumer storico
National Bank has...



National Bank (NBG), the country’s largest lender, has increased credit lines with foreign lenders, it said yesterday. ‘We opened interbank lines exceeding 5.5 billion euros,’ CEO Apostolos Tamvakakis told shareholders. In October, NBG strengthened its balance sheet via a 1.8-billion-euro rights issue. It is also eyeing proceeds of another billion from the planned sale of a 20 percent stake in Finansbank in early 2011.


(Kathimerini.gr)


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Uno sguardo sulle banche.
Il tema l'abbiamo già affrontato ieri, la National Bank è quella messa in condizioni migliori.
Un elemento indubitabile, sono le aperture di credito presso le banche estere.
 

tommy271

Forumer storico
Paper trail maddeningly long


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Between 8 to 70 forms of paperwork needed to set up industrial business; lenders demand action by year-end

By Dimitra Manifava - Kathimerini


The setting up of an industrial business, small or large, in Greece requires between eight to 70 forms of paperwork in order to get the operation off the ground, based on current law.

Apart from costing a lot of time and money, the existance of this complicated legal framework provides the right environment for an unbelievably corrupt system, as many businesspeople are forced into bribing officials in order to speed up procedures.

On the other hand, because of the incredible bureaucracy there are a number of potential investors who decide against going ahead with any investment while others simply sidestep the entire process.

Some people set up industrial businesses without obtaining the necessary permits and operate in an unregulated environment that may be harmful to the health of nearby residents and the natural environment.

The agreement Greece signed with the International Monetary Fund, European Commission and European Central Bank demands that by the end of 2010 the government simplify the laws regarding the permits that businesses need to obtain.

The Regional Development and Competitiveness Ministry is preparing a draft law that will focus on the setup of a one-stop shop for businesses beginning operations.

Based on current legislation, the permits needed to set up and operate an industrial business are the following: a license for the use of the land, an installation and operations permit. In order to obtain this paperwork, any investor needs to get approval from more than nine different state services, including the local prefecture, the Culture Ministry, forest service and power company PPC.

In the event that the business is set up an industrial zone, procedures are simpler and just two permits are needed.
According to a recent study put together by the Central Union of Chambers of Greece (KEEE), just 31 percent of Greece’s prefectures contain industrial zones able to accommodate manufacturing units.

In the remaining parts of Greece, almost nine in 10 industrial businesses are set up in a city or in an area that lies just outside city planning districts.

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(Kathimerini.gr)

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Dal punto di vista burocratico Grecia e Italia vanno di pari passo.
Vediamo chi evolverà in meglio ... :-o
 

tommy271

Forumer storico
E' sempre alta la tensione sui periferici.
Nel week-end si dovrebbe conoscere qualcosa di più dettagliato in merito al piano di salvataggio della "Tigre". Qui, comunque, il pericolo di avvitamento sono sotto gli occhi di tutti.
I nostri ellenici subiscono oscillazioni vistose, ma tengono le posizioni.
Anche il fronte "latino", messo a dura prova da rumors speculativi, è intorno ai massimi, con segnali di tenuta.

Spread/Bund sul decennale. Dati Thomson-Reuters. Tra parentesi la chiusura precedente:

Grecia 915 pb. (935)
Irlanda 663 pb. (657)
Portogallo 443 pb. (453)
Spagna 247 pb. (249)
Italia 172 pb. (173)
 

mago gambamerlo

Xx Phuket xX
BIIGS / Belgio

News Headlines
Think BIIGS , Belgio nei Radar . Che dici ce' da aggiungere anche questo nei periferici ? :rolleyes: Certo che la stanno suonando l' orchestra ....

E' sempre alta la tensione sui periferici.
Nel week-end si dovrebbe conoscere qualcosa di più dettagliato in merito al piano di salvataggio della "Tigre". Qui, comunque, il pericolo di avvitamento sono sotto gli occhi di tutti.
I nostri ellenici subiscono oscillazioni vistose, ma tengono le posizioni.
Anche il fronte "latino", messo a dura prova da rumors speculativi, è intorno ai massimi, con segnali di tenuta.

Spread/Bund sul decennale. Dati Thomson-Reuters. Tra parentesi la chiusura precedente:

Grecia 915 pb. (935)
Irlanda 663 pb. (657)
Portogallo 443 pb. (453)
Spagna 247 pb. (249)
Italia 172 pb. (173)
 

tommy271

Forumer storico
All'Irlanda non verranno concessi da FMI/UE/BCE i tassi "favorevoli" a disposizione come per la Grecia, intorno cioè al 5%.
Si parla di tassi tra il 6% e il 7% ... :eek:.
Cambierebbero però gli anni a disposizione per la restituzione. Per l'Irlanda si tratta di un arco temporale ragionevole: 9 anni.
In questo caso, l'esperienza ellenica, ha fatto testo.
 
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