Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1

[tommy271]

Greece: Government Omnibus bill ratified in principle




Πηγή: Express.gr 16/12/10-09:26

The government's omnibus bill on the implementation of urgent measures for the Greek economy's support programme was ratified in principle with 156 votes in favour and 130 against, on Tuesday night.

The bill was ratified following a rollcall vote called for by the Communist Party of Greece (KKE) and the Popular Orthodox Rally party (LAOS).

Finance Minister George Papaconstantinou, speaking during the debate on the omnibus bill, said that "the government is obtaining its legalising basis from the vote of the latest (local government)elections and the vote of confidence of its deputies and will be judged for what it enacts on the basis of what it received and what it delivers in the next elections."

Replying to criticism by the opposition, he stressed that the government is judged on the basis of what it does or tries to do, not on the basis of the political cost on each occasion, but public interest.

The finance minister admitted that an increase in VAT is coming from 11 to 13 percent, something that was achieved following negotiations so that it would not reach 23 percent, while it was reduced for medicines and tourist accommodation from 11 to 6.5 percent.

As regards public utilities and the changes being brought about, the minister said that "it was not possible for us to hide our heads in the sand again, when we have to face average salaries that offend the rest of the working people."

Her added that "it is a move of justice whih is trying to reduce the deficit of these businesses by 1.5 billion, when we have five loss-making public utilities in which salaries exceed revenues."

Employment Minister Louka Katseli said on her part that "our legalising basis is one alone: For the country not to go bankrupt, for us to be able to borrow 110 billion from the IMF and the European taxpayers over the next three years, for us to be able to pay pensions, salaries and for us to provide public services."

Katseli reiterated that the flexibility being brought into the labour market "exists in many other European countries," while the business contracts under the corresponding sector ones as well "strengthen the collective negotiations weakening the individual ones that are prevailing in the market today, where the working man is the weakest. We are coming to reverse this status, securing in parallel a minimum safety net, that of the sector contractr, and the collective labour contract."

(express.gr)

 

[tommy271]

Grecia: nuovo sciopero, si ferma il trasporto pubblico

ultimo aggiornamento: 16 dicembre, ore 08:48



Atene, 16 dic. - (Adnkronos/Dpa) - Trasporti pubblici fermi in Grecia per un nuovo sciopero di 24 ore convocato in segno di protesta contro il piano di austerita' del governo. Lo stop dei mezzi pubblici ha provocato enormi ingorghi di traffico lungo le principali vie di accesso alla capitale greca, ha reso noto la radio statale. Lo sciopero generale convocato per ieri dai sindacati era degenerato in scontri violenti che hanno fatto diversi feriti ad Atene e Salonicco.

 

[tommy271]

Fitch Will Reassess Greece’s Credit Rating, Euro2day Reports

By Paul Tugwell - Dec 16, 2010 9:34 AM GMT+0100


Fitch Ratings will reassess its credit rating for Greece in the next few days, Euro2day reported, without citing anyone.
The reassessment will be announced within the next five days and contain both positive and negative elements that will mainly focus on public debt and refinancing, the financial website said.
Fitch said May 18 it was maintaining its “negative outlook” on Greece after cutting the country’s rating by two steps to BBB- on April 9, one level above junk.



(Bloomberg)

 

[tommy271]

Deputy Evangelos Papachristos expelled from PASOK's Parliamentary Group




Ruling PASOK Preveza deputy Evangelos Papachristos was expelled from the party's Parliamentary Group, following his decision to vote against in principle the omnibus bill on the urgent measures for the implementation of the Greek economy's support programme.

Shortly after the conclusion of the rollcall vote, Parliament President Filippos Petsalnikos read a letter by Prime Minister and PASOK president George Papandreou which said that: "Deputy Evangelos Papachristos is expelled from PASOK's Parliamentary Group."


(ana.gr)


***
Papandreou ha il pugno di ferro.

 

[tommy271]

ΕU Summit opens Thursday in Lisbon




ANA-MPA/A crucial EU summit opens in Lisbon on Thursday afternoon to discuss changes to the EU Treaty and the creation of a permament European Stability Mechanism (ESM) and the EU Budget, with Greece represented by prime inister George Papandreou.
Briefing the cabinet meeting on Tuesday afternoon, Papandreou ascertained a general consensus during his discussions with opposition party leaders earlier in the day, mainly on European issues.
Papandreou said that his initiative to meet the party leaders was undertaken by him in order to brief them and to discuss important developments "first of all" at European level, due to the impending EU summit, as well as "crucial domestic issues."
The prime minister mentioned to the party leaders the three main elements which in his view must be handled at European level and which are:
A. Stabilisation, fiscal order and stabilisation.
B. The serious supervision and the regulation of the monetary system.
C. Growth as a basic ingredient of economic policy in the European Union.


(ana.gr)

 

[tommy271]

Greece Accelerates Real-Estate And Asset Privatizations




ATHENS (Dow Jones)--Greece will speed up its privatization of real-estate and other assets, the finance ministry said Thursday, following a decision by the interministerial privatization committee.

Greece plans to raise EUR7 billion between 2011 to 2013 from privatizations, as promised to its international lenders, to slash high budget deficits and a sizeable national debt.

Privatizations were one of many conditions imposed on the debt-laden Mediterranean state by the International Monetary Fund and the European Union for the provision of a EUR110 billion bailout to stave off certain default.

"The government is determined to achieve its target with absolute transparency while safeguarding the public interest, promoting reforms and restructuring in sectors that can contribute to growth and competitiveness," the finance ministry said in a statement.

The ministry's special secretariat for asset restructuring and privatizations will immediately appoint advisors to do a quantitative and qualitative inventory of state-owned real estate assets, which is intended to be complete by June of 2011.

A special-purpose vehicle will be set up for the exploitation of the old Hellenikon airport. The finance ministry plans to take advantage of fast-track investment laws for its development.

Other than quickly appointing advisors and project managers, the ministry plans to securitize mature public real-estate assets, with the resulting special-purpose vehicle to be listed on the Athens Stock Exchange.

In terms of privatizing state holdings in companies, the ministry is set to announce the appointment of legal and financial advisors soon to extend the concession for the Athens International Airport, the sale of a stake in natural gas supplier DEPA and the natural gas network operator DESFA. It will also look for a strategic investor for Hellenic Defence Systems (EAS).

The ministry is also looking for advisors on a long list of state holdings. These include the heavily indebted railway operator Trainose, Monte Parnes Casino, water utility companies EYDAP and EYATH, and nickel miner Larco.

The state also hopes to develop marinas close to 850 regional airports to boost tourism, as well as looking at the sale of 11 regional airports, the unbundling of the Loan and Consignment Fund and the extension of concessions for Attiki and Egnatia motorways.

 

[buttozzo]

ciao tommy buongiorno a tutti io dalla riunione di pomeriggio mi aspetto tanto e al prossimo rimbalzo mi aspetto che i prezzi si stabilizzino tanto come abbiamo detto parecchie volte il 2011 sara' l'anno cruciale io da parte mia aspetto i primi 6 mesi del nuovo anno poi valutero' ciao

 

[tommy271]

ciao tommy buongiorno a tutti io dalla riunione di pomeriggio mi aspetto tanto e al prossimo rimbalzo mi aspetto che i prezzi si stabilizzino tanto come abbiamo detto parecchie volte il 2011 sara' l'anno cruciale io da parte mia aspetto i primi 6 mesi del nuovo anno poi valutero' ciao

Ciao Buttozzo, non mi attendo grandissime novità dal Vertice Ecofin, probabilmente una stabilizzazione della situazione con uno sguardo teso verso un miglioramento dei nostri ellenici.
Il vento gelido che soffia sul Club Med ha portato ad un rialzo molto forte dei rendimenti richiesti (ultima oggi la Spagna).
In Irlanda abbiamo avuto il voto favorevole del Parlamento, ma la situazione è sempre precaria.
Evitano un pò la bufera i nostri BTP, ma ne risentono.
Che dire? Paradossalmente i nostri ateniesi si stanno finanziando a tassi più bassi rispetto a lusitani, spagnoli e celti.
Siamo sulla nave e balliamo ... .

 

[tommy271]

ASE



Greek stocks fluctuate between gains and losses ahead of the European Union Summit starting today in Brussels. Low turnover and trading volumes are expected for the rest of the session.

Derivatives expiry, ongoing sovereign debt concerns, technical considerations in markets and Eurogroup meeting are likely to give directional clues in the last two sessions of the week, according to Kyprou Securities. Lack of any catalysts continues to set the sideways move as a likely scenario.

“Focus today will be on the 2-day EU summit and news on whether the EU leaders will agree to increase the size of the loan facility or whether they will reach consensus regarding the flexibility of use of the support mechanism”, Eurobank Securities notes in its morning report.

Piraeus Securities would expect the ATHEX to move lower, while volumes should continue to be thin.

Although Pegasus Securities considers that the correction should be ending sooner than later, it notes that “the break of the 30-days moving average could accelerate sales, driving the General Index on lower rounds, especially in the case whereas this short-term downward trend is fuelled b potential negative news content from the EU Summit front.”

Across the board, the General Index is at 1,485.65 units, recording a rise of 0.04%. Turnover stands at 25.23 million euro, with 49 shares rising, 36 declining and 30 remaining unchanged.

Banks post profit of 0.41% at 1,387.87units. Geniki Bank rises by 6.61% and Proton Bank by 4.11%. Marfin Popular Bank and Eurobank drop by 0.84% and 0.47%.

(capital.gr)

 

[tommy271]

Tourist arrivals at 2009 levels




Tourist arrivals in the 11-month period this year are at the same levels as the corresponding period in 2009, according to provisional figures from Greece's 13 international airports, which account for approximately 95 percent of total arrivals of foreign visitors by airline, and 72 percent of overall arrivals of foreign visitors.
According to the Association of Greek Tourism Enterprises (SETE) for January-November 2010 a total of 10,439,131 tourist arrivals were recorded at the Greek airports, marking a 0.49 percent decline over the same period in 2009.


(ana.gr)