Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (4 lettori)

[tommy271]

Grecia: black out 48 ore informazione, nuovo fermo trasporti




I giornalisti greci si sono uniti oggi alle proteste contro l'austerity con uno sciopero di 48 ore che oscurerà sino a domenica mattina stampa scritta, tv e notiziari internet.

Si fermano oggi di nuovo parzialmente tutti i trasporti urbani e ferroviari per quattro ore dalla mezza giornata, dopo lo sciopero di 24 ore di ieri, e la prossima settimana dovrebbe essere di nuovo un calvario. Previsto infatti uno sciopero quasi totale lunedì con astensioni parziali fino a venerdi che culmineranno mercoledì con un fermo totale di 24 ore. Oggi si astengono dal lavoro anche i medici ospedalieri dell'Attica, mentre il movimento studentesco ha convocato una manifestazione per il pomeriggio nel centro di Atene.

(Ticinonews.ch)

 

[tommy271]

Sempre intorno alle questioni europee:

Nuovo patto da definire ma riforme ineludibili - Il Sole 24 ORE

 

[Grisù]

Aggiornamento su una delle passate discussioni, comunque poca sostanza rispetto al complessivo.....

Greece looking to raise €7bn from privatizations in 3 years
The inter-ministerial privatization committee met on Wednesday and decided on the privatization plan for the next three years. On the State's real estate property, the committee agreed to hire consultants to fully record the State's property and propose a utilization plan, until June 2011. Also, the State will gather a number of real estate assets in a fund and float a minority stake on ASE. Regarding privatizations, the government has already decided to propose the extension of the contract with Hochtief over the Athens Airport and the utilization of the State's participation in DEPA and DESFA. Additionally, the government will look to appoint consultants until 1Q11 for the privatization of a number of assets. In particular, the consultants will be called to look into the separation of the Consignments and Loans Fund, to find strategic investors for the country's airports, ports, the Hellenic Post (ELTA), the Horse Betting and the State Lotteries. Also, will look to utilize the State's stakes in the Railways, the Athens and Thessaloniki Water companies (EYDAP and EYATH) and LARKO. Greece would also look to extend the concessions for the Attica and Egnatia Roads. Note that an extension of the exploitation for Attica Road beyond 2024 would mean either the extension of the exploitation duration for a certain price or the development of a more extensive network. The government will also sell the 49% participation in Casino of Parnitha, extend OPAP's monopoly license and explore its options over its participation in the company. The government is looking to raise some €7bn until 2013 and at least €1bn of it in FY11.

 

[Grisù]

In definitiva è metà del debito greco.
Propongo il pignoramento immediato delle case della contadina e del wurstel accompagnatore ....
http://greece.greekreporter.com/files/War-Debt.jpeg
According to Costis Aivaliotis, spokesman of Laos, a small far-right Greek party, Germany’s war debt to Greece totals 162 billion euros. The problem of compensating war damage by Germany has always remained open for the government, said Finance Undersecretary Filippos Sahinidis in Parliament. His statement was an answer to a parliamentary question from the Laos spokesman, without specifying if or when the Greek government will undertake a concrete initiative in this direction.

 

[tommy271]

In definitiva è metà del debito greco.
Propongo il pignoramento immediato delle case della contadina e del wurstel accompagnatore ....

According to Costis Aivaliotis, spokesman of Laos, a small far-right Greek party, Germany’s war debt to Greece totals 162 billion euros. The problem of compensating war damage by Germany has always remained open for the government, said Finance Undersecretary Filippos Sahinidis in Parliament. His statement was an answer to a parliamentary question from the Laos spokesman, without specifying if or when the Greek government will undertake a concrete initiative in this direction.

Il Laos, insieme ai Comunisti e alla Sinistra Radicale, non perdono mai l'occasione per rivendicare i danni di guerra... dovessero chiederli anche all'Italia siamo rovinati ... .

 

[tommy271]

Moody’s Placed Greece’s Ratings On Review



Moody’s Investors Service placed Greece’s ratings on review for a possible multi-notch downgrade as a result of increased uncertainty about the nation’s ability to reduce its debt to sustainable levels and to speed up the implementation of the fiscal and structural reform programme, according to Dow Jones Newswires.

Moody’s said on Thursday the Ba1 ratings could be cut if it concludes that there is an increased risk that Greece’s ratio of debt to gross domestic product won’t stabilize in the next three to five years or that support from the European Union will turn out to be less strong after 2013.

The rating agency recognises the impressive progress that the government has made in implementing the fiscal consolidation programme so far as the deficit was reduced by around 6 percentage points and major labour changes have been made. However “the substantial upward revision of debt levels, weak revenue growth and lack of certainty surrounding long-term support are negative factors that outweigh the many positive developments”, says Carlson in a statement.

"Greece has made significant progress in implementing a very large fiscal consolidation effort. However, the challenge of reducing debt to sustainable levels has also become greater due to both domestic and regional developments," says Sarah Carlson, Vice President-Senior Analyst at Moody’s and lead sovereign analyst for Greece.

A key element in its downgrade decision will be Greece’s 2012 to 2014 plan for fiscal consolidation and economic reform, Moody’s said. The government’s ability to speed up implementation of fiscal and structural changes will also be factors, the news agency notes.

Moody’s also stated that Greece’s debt was already at a high level before Eurostat’s recent revision of Greece’s debt level to an estimated 126.8% of gross domestic product. This 11.9 percentage-point increase, along with weak revenue growth, amplifies uncertainty and funding costs for Greece.

(capital.gr)

***
Intorno a Moody's, con qualche commento.

 

[tommy271]

HSBC Sees No Improvement For Greek Banks In 2011



Greek banks will continue to face macroeconomic pressures in 2011 with liquidity continuing to be a major concern, said HSBC in a statement. "[The] macro backdrop is likely to remain tough for yet another year: in our view, the operating environment is unlikely to improve in any meaningful way in 2011," says the company, according to Dow Jones Newswires.

It also highlights ongoing liquidity challenges, high provisioning levels, and continuing high deposit costs and adds that fears over a Greek sovereign debt restructuring will continue to weigh on share price performance.

In its report, HSBC stated that private sector credit growth remained sluggish in the 3rd quarter of 2010 amid continued challenging macro and liquidity conditions.

HSBC considers deposit outflows to be the key concern right now. Central bank data showed accelerated monthly withdrawals in October. “This, along with the continued dislocation in the interbank/wholesale funding markets, has undermined banks’ funding strategies”, concluded HSBC Pantelakis Securities.

(capital.gr)

 

[ficodindia]

Il governo tedesco comincia a ragionare.

PM calls for unity at EU summit



Omissis
However, German Chancellor Angela Merkel appeared to adopt a conciliatory approach ahead of the talks yesterday. “We all share the same objective: to ensure a stable Europe and single currency,” she said, adding that the mechanism was a strong display of “solidarity between the states that share the euro.”
Omissis

Mi pare che la posizione della Germania riguardo la possibilità di convolgere i bondisti mi sembra annacquata. Non può che essere così se effettivamente si vuole salvare l'euro. A sostegno dell'annacquamento della proposta della Merkel v'è tra l'altro la dichiarazione di Trichet a commento dell'accordo raggiunto al consiglio europeo di ieri, tuttora in corso:
ECB President Jean-Claude Trichet called the pledge not tomandate bond writeoffs a “useful clarification.”

Del resto anche la stessa Merkel ha fatto delle affermazioni, sempre a commento del consiglio in corso, che vanno nella giusta direzione di un legame tra moneta unica e governo unico dell'economia:
“It is just as important that we move toward a common economic policy step by step,” Merkel told reporters inBrussels today. “It will be a long process.”
EU to Create Post-2013 Crisis Tool, Spars Over Near-Term Moves - Bloomberg

 

[Imark]

Idem con carote: ieri OTC oscillazioni comprese fra "picchi" del +/- 0,40%, ma di media nell'ordine del +/- 0,1%.

Per ora hanno altro a cui pensare che la Grecia, poi si vedrà...

Due giorni di cali generalizzati sui Tds greci, nel senso che si sono estesi a tutte le lunghezze, ma modestissimi nella loro entità, in quanto compresi nel range -0,1% - 0,5%...

Ci si avvia fiaccamente (sul piano della liquidità, qui più assente che altrove) alla fine del 2010.

 

[tommy271]

PM calls for unity at EU summit



Omissis
However, German Chancellor Angela Merkel appeared to adopt a conciliatory approach ahead of the talks yesterday. “We all share the same objective: to ensure a stable Europe and single currency,” she said, adding that the mechanism was a strong display of “solidarity between the states that share the euro.”
Omissis

Mi pare che la posizione della Germania riguardo la possibilità di convolgere i bondisti mi sembra annacquata. Non può che essere così se effettivamente si vuole salvare l'euro. A sostegno dell'annacquamento della proposta della Merkel v'è tra l'altro la dichiarazione di Trichet a commento dell'accordo raggiunto al consiglio europeo di ieri, tuttora in corso:
ECB President Jean-Claude Trichet called the pledge not tomandate bond writeoffs a “useful clarification.”

Del resto anche la stessa Merkel ha fatto delle affermazioni, sempre a commento del consiglio in corso, che vanno nella giusta direzione di un legame tra moneta unica e governo unico dell'economia:
“It is just as important that we move toward a common economic policy step by step,” Merkel told reporters inBrussels today. “It will be a long process.”
EU to Create Post-2013 Crisis Tool, Spars Over Near-Term Moves - Bloomberg

Ieri abbiamo potuto assistere ad una prima, ma importante, divaricazione di posizioni all'interno della Germania; solitamente unita sulle questioni "estere".
L'opposizione socialdemocratica nelle figure di Steinmeier e Steinbruck, rispettivamente ex ministri degli Esteri e delle Finanze nella precedente Grosse Coalition guidata dalla stessa Frau, hanno criticato la Merkel da posizioni "europeiste" che mi ricordano tanto la Germania Federale di Bonn ...
Anche all'interno della stessa CDU certe posizioni vanno prendendo corpo.
Forse, anche per questo, avviene un alleggerimento di posizione da parte della Frau.