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

[Grisù]

IMF may extend Greece’s loan repayment period to 10 years
An IMF official said yesterday that IMF intends to extend the repayment period for Greece’s loan to 10 years, but also said that the IMF does not have the mechanism to extend it beyond that. The official said that Greece’s economic performance is currently under inspection by the IMF and EU reps, expected to conclude by Feb 11, while stressed the need for a solution that will address the entire Eurozone’s debt problems. According to press reports, EU officials see possible solutions for Greece’s debt issues, such as bond buybacks financed by EFSF, not before 2H11.

 

[tommy271]

Greece’s January State Revenue Fell Short, Kathimerini Reports

By Natalie Weeks - Feb 4, 2011 8:50 AM GMT+0100


Fri Feb 04 07:50:06 GMT 2011
Greece’s revenue collection fell 150 million euros ($205 million) short of a 5.65 billion-euro target set for January, Kathimerini reported.
Revenue was 8.3 percent down on January last year, when it was boosted by a special tax on the country’s most profitable companies, the newspaper said, without citing anyone. The amount collected was about 200 million euros lower because of wage bill cuts, Kathimerini said.



(Bloomberg)

 

[tommy271]

Nelle prime ore di contrattazione la Borsa di Atene rimane in scia positiva: ora l'indice Ase segna 1691 punti +0,96.
Il nostro spread è ondivago: ora intorno a 775 pb sul bund.

 

[tommy271]

Eurostat chief says Greek swaps deals legal- paper


ATHENS | Fri Feb 4, 2011 4:37am EST



ATHENS Feb 4 (Reuters) - Questions over Greece's debt swap deals in 2000-01, which according to some reports may have allowed the country to mask the size of its debt, have been cleared up, Europe's statistics agency chief said on Friday.
"There is absolutely no problem with Greek swaps, the case has been resolved," Eurostat Chief Walter Radermacher told Greek daily Ta Nea on Friday following checks on data supplied by Greek authorities.
Last year Greece had been asked by the European Union to explain reports that its derivatives trades with U.S. investment banks may have allowed it to mask the size of its debt and deficit from EU authorities. [ID:nLDE61E1LC]
One such report by the New York Times had said that a swap deal in 2001, involving selling forward future lottery receipts and airport landing fees in exchange for cash, helped Greece write down debt as it was joining the euro zone.
The head of Greece's debt agency when the swaps were conducted with Goldman Sachs (GS.N) told Reuters last year the transactions were too small and had only a tiny impact on its budget deficit and future liabilities.

Radermacher told the newspaper that after good cooperation by Greece's statistics service (ELSTAT) and relevant ministries open issues regarding swaps deals were resolved.
He said that in 2008 Eurostat had asked all euro zone member countries to report such transactions and that while all other countries complied, Greece had not supplied the information.
"What is being said, that we are stricter with Greece, is not the case. It is a misunderstanding that we are more Catholic than the Pope or more Orthodox than the Patriarch," Radermacher was quoted as saying.


***
I famosi swap ...

 

[tommy271]

UBS΄s Scenarios For Greece



UBS published a report on Friday commenting on the “Greek case” and providing an update on the fundamentals.

UBS said that the outcome seems very likely to be a mix of several scenarios. Its best scenario would be the rescheduling or renegotiation of the public debt.

The scenario that follows includes some form of Paris Club deal with more aggressive debt restructuring, possibly including haircuts “to put Greece back on a sustainable path”.

Some form of default remains UBS’s central case scenario, while a full default cannot be ruled out. “All these scenarios would be done without Greece leaving the Euro.”

UBS estimates that this year Greece will make another step towards stabilizing its public finances. The upward revisions to the debt and deficit numbers have changed the trajectory, but the Greek government has decided to keep the target for the deficit this year at 7.4%.

UBS expects Greece to achieve this target thanks to “the carry-over of last year’s measures, plus the new measures implemented this year”.

Over the medium term, it estimates that Greek deficit trajectory should thus be the same as previously anticipated, with a deficit shrinking to less than 3% in 2014 and a primary surplus at 6.0% on the same date.

UBS comments that a default is a long and painful process. “If a default was announced, the market would rally, as this would be a sign that Europeans were tackling the issue”.


(capital.gr)

 

[tommy271]

I TITOLI DEI GIORNALI:

The extended working hours in the public sector as of October and other economic issues were the main front-page items in Athens' dailies on Friday.



ADESMEFTOS TYPOS: "IKA will have access to asset statements of those with overdue debts (contributions) to the state social security foundation".

AVGHI: "No-pay movement".

AVRIANI: "How to secure your pension from the public sector".

ELEFTHEROS: "Salaries, bonuses up in the air in public sector, too".

ELEFTHEROS TYPOS: "The Memorandum making Greek youths leave the country (for work abroad)".

ELEFTHEROTYPIA: "Continuous 8-hour workday and afternoon in public sector, municipalities, regional services".

ESTIA: "Fiscal chaos 90 years ago - Insert of ESTIA's issue of February 4, 1921 - Incredible similarities with the present".

ETHNOS: "8-hour workday and upsets in salaries - Reversals in public sector as from October".

IMERISSIA: "Uniform VAT in eurozone - Radical changes with Merkel plan".

KATHIMERINI: "Arrangement for Greek debt by end-2011".

LOGOS: "Indefinite mobilisations by IKA doctors".

NAFTEMPORIKI: "Plan for 'New Eurozone' with commitments and measures".

NIKI: "Strike 'no. 2' against public sector".

RIZOSPASTIS: "Free public health - Abolition of corporate action".

TA NEA: "Civil servants - 40-hour workweek, with work in afternoons, too".

VRADYNI: "OEK (Labor Housing Organisation) loans being abolished".

(ana.gr)

 

[tommy271]

Greek PM: Today's EU Summit Crucial, See More Optimism



FRANKFURT (MNI) - The summit of EU leaders today and the one in March are "very crucial" for establishing the calm and confidence needed to ensure growth in Europe, Greek Prime Minister Georgios Papandreou told journalists on his way into the meeting.

Greece and others have shown their will to address their problems, Papandreou noted.

"I am very glad to see that there is some realization, I believe more optimism about our will and capability to do something. Europe has great potential to solve its problems," Papandreou said.

Eurozone leaders will discuss details of a comprehensive package to strengthen the Eurozone, which is expected to be finalized in March. Leaders will discuss an overhaul of the European bailout fund, the EFSF, that may increase its lending capacity and possibly empower it to buy government bonds.

According to reports, the German government will only back an extension of the fund if other countries agree to increased economic coordination in which they would follow Germany's example on issues such as public deficit and debt restrictions.



(imarketnews.com)

 

[Jessica.]

x Tommy
..
riguardo al coeff. di ind. io volevo conoscere quello relativo alla '25 grecia.

 

[tommy271]

x Tommy
..
riguardo al coeff. di ind. io volevo conoscere quello relativo alla '25 grecia.

Questo lo conosce meglio AAA47: mi pare abbia postato 0,6% di incremento.
Sinceramente ho perso il link delle indicizzazioni dei vari Oat e GGB.
Comunque c'è un titolo, non mi ricordo quale, che ha la stessa indicizzazione maturata del 25.

 

[Jessica.]

grazie tommy