ferdo
Utente Senior
eh sì book calanti
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (6 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
eh sì book calanti
tommy271
Forumer storico
Me lo sentivo, settimana scorsa, che alla prima inversione di direzione sarebbe stato meglio vendere e poi rientrare più in basso.
Non è la prima volta che i GGB fanno questo giochetto ...
Adesso aspettiamo che il "rottamatore" intervenga.
Nonostante tutto, le prospettive sono buone.
Ad alti livelli se ne discute, la soluzione sembrerebbe a portata di mano.
tommy271
Forumer storico
BoG: Substantial progress made
(ANA-MPA)The Bank of Greece (BoG) ascertained "substantial steps of progress" in tackling the country's immense debt and weak competitiveness, in its annual Monetary Policy Report for 2010-2011 which was submitted by the central bank chief George Provopoulos to the parliament president on Tuesday.
However, despite the progress observed, "there are still many things that need to be done", Provopoulos said, adding his belief that "we need to speed up the structural changes, to act faster and more decisively".
"In the current conditions that is the only safe way to bring economic growth to the country more quickly," the BoG governor said while submitted the report.
Parliament president Filippos Petsalnikos warned that "we must not become complacent", stressing that the rate and momentum of the changes must not slow down, "particularly the structural measures, which are necessary for our country to stand on its own feet once again".
Petsalnikos said parliament will study the report with due attention, and anticipated that the government and the entire political community, and above all the Greek people, will act towards the same goal, that Greece will never again find itself in a similar situation as recently.
(ana.gr)
(ANA-MPA)The Bank of Greece (BoG) ascertained "substantial steps of progress" in tackling the country's immense debt and weak competitiveness, in its annual Monetary Policy Report for 2010-2011 which was submitted by the central bank chief George Provopoulos to the parliament president on Tuesday.
However, despite the progress observed, "there are still many things that need to be done", Provopoulos said, adding his belief that "we need to speed up the structural changes, to act faster and more decisively".
"In the current conditions that is the only safe way to bring economic growth to the country more quickly," the BoG governor said while submitted the report.
Parliament president Filippos Petsalnikos warned that "we must not become complacent", stressing that the rate and momentum of the changes must not slow down, "particularly the structural measures, which are necessary for our country to stand on its own feet once again".
Petsalnikos said parliament will study the report with due attention, and anticipated that the government and the entire political community, and above all the Greek people, will act towards the same goal, that Greece will never again find itself in a similar situation as recently.
(ana.gr)
ferdo
Utente Senior
capita
dai è solo la quinta volta !!!
a 'sto giro se si scende ben bene, ricarico decisamente
tommy271
Forumer storico
Patto Ue, criterio numerico calo debito cruciale - Rehn
martedì 15 febbraio 2011 13:32
BRUXELLES, 15 febbraio (Reuters) - Il commissario europeo agli Affari economici e finanziari ha sollecitato nuovamente oggi i paesi europei ad accettare un nuovo criterio numerico che valuti la riduzione del debito pubblico all'interno del Patto di stabilità e crescita in via di rafforzamento.
"Avere un criterio numerico [sul calo del debito] è fondamentale nel nuovo quadro legale per il rafforzamento della sorveglianza" economica e finanziaria, ha detto il commissario Ue nel corso del dibattito pubblico durante l'Ecofin in corso a Bruxelles.
Il commissario ha comunque sottolineato che il punto è ancora in discussione.
Il ministro dell'Economia italiano Giulio Tremonti non ha replicato alle dichiarazioni del commissario.
La Commissione Ue ha proposto a fine settembre di inserire nel Patto di stabilità l'obbligo di ridurre di un ventesimo all'anno il debito pubblico in eccesso al tetto del 60% in relazione al Pil. L'Italia ha più volte chiesto, invece, una valutazione complessiva del debito che tenga anche conto di altri fattori tra cui il debito delle famiglie e la stabilità banche.
martedì 15 febbraio 2011 13:32
BRUXELLES, 15 febbraio (Reuters) - Il commissario europeo agli Affari economici e finanziari ha sollecitato nuovamente oggi i paesi europei ad accettare un nuovo criterio numerico che valuti la riduzione del debito pubblico all'interno del Patto di stabilità e crescita in via di rafforzamento.
"Avere un criterio numerico [sul calo del debito] è fondamentale nel nuovo quadro legale per il rafforzamento della sorveglianza" economica e finanziaria, ha detto il commissario Ue nel corso del dibattito pubblico durante l'Ecofin in corso a Bruxelles.
Il commissario ha comunque sottolineato che il punto è ancora in discussione.
Il ministro dell'Economia italiano Giulio Tremonti non ha replicato alle dichiarazioni del commissario.
La Commissione Ue ha proposto a fine settembre di inserire nel Patto di stabilità l'obbligo di ridurre di un ventesimo all'anno il debito pubblico in eccesso al tetto del 60% in relazione al Pil. L'Italia ha più volte chiesto, invece, una valutazione complessiva del debito che tenga anche conto di altri fattori tra cui il debito delle famiglie e la stabilità banche.
tommy271
Forumer storico
Infatti ...
.Stiamo a vedere la profondità della possibile discesa, agli appuntamenti "cruciali" siamo vicini (in ordine temporale).
Se si concretizza il buy-back meglio (per la Grecia) avere i titoli al livello più basso.
tommy271
Forumer storico
Greek recession deepens in 2010, outlook weak
Tue Feb 15, 2011 7:16am EST
* Q4 GDP contracted 6.6 pct y/y, more than expected
* 2010 GDP slumped 4.52 pct
* No strong recovery seen after 2011
* Central bank sees GDP shrinking 3 pct or more in 2011
(Combines central bank report, GDP data, adds comment)
By George Georgiopoulos
ATHENS, Feb 15 (Reuters) - Greece's economy slumped more
than expected last year and will stay in recession for a third
straight year in 2011 with economists seeing little hope for a
strong recovery even after that.
The 230 billion euro economy shrank at an annual 6.6 percent
pace in the last quarter of 2010, as the austerity-induced
recession deepened from a revised 5.7 percent decline in the
previous quarter, data showed on Tuesday.
Flash Eurostat estimates showed the downturn in economic
activity for the whole of 2010 was 4.52 percent, worse than the
government's forecast decline of 4.2 percent, as it struggled to
cut deficits and tackle debt.
Athens has been forced to impose stringent austerity
measures as a condition of the 110 billion euro bailout it
agreed with the European Union and International Monetary Fund
last May to try to solve its debt crisis.
The government projects GDP will decline 3.0 percent this
year but sees light at the end of the tunnel, saying the first
signs of growth will appear towards the end of the year. The
central bank forecast in a monetary policy report on Tuesday
that GDP may shrink by 3 percent or more in 2011.
"We expect the economy to bottom out in the second half of
2011 but after that we do not see a strong recovery taking hold,
rather stagnation with growth rates around zero," said Christian
Melzer, euro zone analyst at DekaBank.
"The growth figures are miserable, the situation in the real
economy is bad -- 2011 and 2012 are going to be difficult years
for the Greek economy," he added.
HOPES PINNED ON EXPORTS
The government has said structural reforms to boost
competitiveness and progress in slashing deficits will set the
stage for stabilisation and a return to a sustainable,
export-led growth path in 2012.
While some encouraging pick-up in Greek exports has
materialised, it has more to do with recovering demand in the
global economy and less with competitiveness gains so far,
according to the country's central bank.
Returning to growth is crucial for overborrowed Greece,
especially after late 2012, when bailout funding runs dry. Its
government will need to boost revenues to service a debt ratio
projected to reach 157 percent of GDP in 2013.
"We expect fiscal austerity, a dire labour market,
rock-bottom confidence levels and less availability of credit to
keep driving renewed contractions in activity at least during
the first half of this year," said Diego Iscaro of IHS Global
Insight.
"The only hope is that exports can help to drive the economy
out of recession as activity among trade partners strengthens
during the second half of 2011. But, given Greece's weak
external competitiveness and the fact that exports only
represent less than 20 percent of the economy, this will be
difficult."
Quarter-on-quarter, Greece's economy, which makes up about
2.5 percent of the euro zone, shrank 1.4 percent in the fourth
quarter. Economists in a Reuters poll had forecast a contraction
rate of 1.2 percent.
For more information on Greek macroeconomic data, users of
Reuters 300Xtra can access the Greek National Statistics Service
homepage at: www.statistics.gr
Tue Feb 15, 2011 7:16am EST
* Q4 GDP contracted 6.6 pct y/y, more than expected
* 2010 GDP slumped 4.52 pct
* No strong recovery seen after 2011
* Central bank sees GDP shrinking 3 pct or more in 2011
(Combines central bank report, GDP data, adds comment)
By George Georgiopoulos
ATHENS, Feb 15 (Reuters) - Greece's economy slumped more
than expected last year and will stay in recession for a third
straight year in 2011 with economists seeing little hope for a
strong recovery even after that.
The 230 billion euro economy shrank at an annual 6.6 percent
pace in the last quarter of 2010, as the austerity-induced
recession deepened from a revised 5.7 percent decline in the
previous quarter, data showed on Tuesday.
Flash Eurostat estimates showed the downturn in economic
activity for the whole of 2010 was 4.52 percent, worse than the
government's forecast decline of 4.2 percent, as it struggled to
cut deficits and tackle debt.
Athens has been forced to impose stringent austerity
measures as a condition of the 110 billion euro bailout it
agreed with the European Union and International Monetary Fund
last May to try to solve its debt crisis.
The government projects GDP will decline 3.0 percent this
year but sees light at the end of the tunnel, saying the first
signs of growth will appear towards the end of the year. The
central bank forecast in a monetary policy report on Tuesday
that GDP may shrink by 3 percent or more in 2011.
"We expect the economy to bottom out in the second half of
2011 but after that we do not see a strong recovery taking hold,
rather stagnation with growth rates around zero," said Christian
Melzer, euro zone analyst at DekaBank.
"The growth figures are miserable, the situation in the real
economy is bad -- 2011 and 2012 are going to be difficult years
for the Greek economy," he added.
HOPES PINNED ON EXPORTS
The government has said structural reforms to boost
competitiveness and progress in slashing deficits will set the
stage for stabilisation and a return to a sustainable,
export-led growth path in 2012.
While some encouraging pick-up in Greek exports has
materialised, it has more to do with recovering demand in the
global economy and less with competitiveness gains so far,
according to the country's central bank.
Returning to growth is crucial for overborrowed Greece,
especially after late 2012, when bailout funding runs dry. Its
government will need to boost revenues to service a debt ratio
projected to reach 157 percent of GDP in 2013.
"We expect fiscal austerity, a dire labour market,
rock-bottom confidence levels and less availability of credit to
keep driving renewed contractions in activity at least during
the first half of this year," said Diego Iscaro of IHS Global
Insight.
"The only hope is that exports can help to drive the economy
out of recession as activity among trade partners strengthens
during the second half of 2011. But, given Greece's weak
external competitiveness and the fact that exports only
represent less than 20 percent of the economy, this will be
difficult."
Quarter-on-quarter, Greece's economy, which makes up about
2.5 percent of the euro zone, shrank 1.4 percent in the fourth
quarter. Economists in a Reuters poll had forecast a contraction
rate of 1.2 percent.
For more information on Greek macroeconomic data, users of
Reuters 300Xtra can access the Greek National Statistics Service
homepage at: www.statistics.gr
tommy271
Forumer storico
EURO GOVT-Peripheral unease to continue, Bunds slip
Tue Feb 15, 2011 7:43am EST
* Euro zone finmins agree 500 bln euro permanent rescue fund
* Peripheral unease to contine as details awaited
* Bunds shrug off below-forecast GDP data, Greece suffers
By William James
LONDON, Feb 15 (Reuters) - Debt issued by the euro zone's lower-rated sovereigns remained in focus on Tuesday, with little sign that the recent unease would be tempered by an agreement from finance ministers on the size of a permanent rescue fund.
Euro zone finance ministers agreed on Monday that a permanent rescue mechanism to be set up from 2013 would total 500 billion euros, but are waiting for EU leaders' guidance to agree changes to the existing bailout fund.
"No one's going to take great comfort from that because it doesn't address things like the restructuring or the buybacks that will ultimately lead to a restructuring of Greek and Irish debt," said Charles Diebel, head of market strategy at Lloyds.
"It's almost like they felt they had to say something -- they're trying to show the world they're still making progress."
Sentiment towards the euro zone's higher-yielding sovereigns has proven fragile in recent sessions as investors grow anxious to see progress towards a comprehensive agreement from European leaders on new crisis-fighting measures.
Peripheral euro zone debt was slightly weaker relative to the German 10-year benchmark in thin trading, with Greece the notable poor performer after GDP data showed the country's recession deepening.
But Spain found solid demand as expected for its sale of 12- and 18-month bills, switching attention onto Thursday's more challenging task of selling 30- and 10-year bonds.
"Thursday's double feature from Spain is now the next important bus stop," said David Schnautz, strategist at Commerzbank in London. "Today the spreads are okay but tomorrow and on Thursday there could quite well be some concession building to make room for the supply."
Ten-year Spanish yields ES10YT=TWEB edged higher on the day, up 1.3 basis points to 5.335 percent.
Greece and Belgium also issued short-term debt without hitch.
CORE SLIPS
Core debt futures fell on the day but showed little reaction to below-forecast fourth-quarter GDP estimates or a survey of German investors suggesting the positive economic outlook in the region's largest economy remains intact.
Bund futures FGBLc1 were last at 122.43, down 24 ticks on the day. Traders said weak performance from UK gilts in the wake of inflation data was weighing on Bunds.
Gilts underperformed, narrowing the 10-year yield spread by 4 bps on the day to as tight as 52 bps.
Flash estimates of German fourth quarter GDP data showed slightly below-forecast growth of 0.4 percent, with preliminary French GDP data also below forecasts at 0.3 percent. Overall euro zone growth also slipped below targets.
Analysts attributed much of the disappointment to poor weather, with little impact seen in government bond markets.
The February German ZEW survey showed an upturn in investors' assessment of current conditions and economic sentiment, though the latter improved by less than forecast.
"The market is not getting too excited because of a minor deviation from expectations ... it was just important that the direction was in line with what the market was looking for," Commerzbank's Schanutz said.
The 10-year German bond yield DE10YT=TWEB was up 3 basis points at 3.313 percent, while the two-year yield DE2YT=TWEB rose 4.2 bps to 1.427 percent.
Tue Feb 15, 2011 7:43am EST
* Euro zone finmins agree 500 bln euro permanent rescue fund
* Peripheral unease to contine as details awaited
* Bunds shrug off below-forecast GDP data, Greece suffers
By William James
LONDON, Feb 15 (Reuters) - Debt issued by the euro zone's lower-rated sovereigns remained in focus on Tuesday, with little sign that the recent unease would be tempered by an agreement from finance ministers on the size of a permanent rescue fund.
Euro zone finance ministers agreed on Monday that a permanent rescue mechanism to be set up from 2013 would total 500 billion euros, but are waiting for EU leaders' guidance to agree changes to the existing bailout fund.
"No one's going to take great comfort from that because it doesn't address things like the restructuring or the buybacks that will ultimately lead to a restructuring of Greek and Irish debt," said Charles Diebel, head of market strategy at Lloyds.
"It's almost like they felt they had to say something -- they're trying to show the world they're still making progress."
Sentiment towards the euro zone's higher-yielding sovereigns has proven fragile in recent sessions as investors grow anxious to see progress towards a comprehensive agreement from European leaders on new crisis-fighting measures.
Peripheral euro zone debt was slightly weaker relative to the German 10-year benchmark in thin trading, with Greece the notable poor performer after GDP data showed the country's recession deepening.
But Spain found solid demand as expected for its sale of 12- and 18-month bills, switching attention onto Thursday's more challenging task of selling 30- and 10-year bonds.
"Thursday's double feature from Spain is now the next important bus stop," said David Schnautz, strategist at Commerzbank in London. "Today the spreads are okay but tomorrow and on Thursday there could quite well be some concession building to make room for the supply."
Ten-year Spanish yields ES10YT=TWEB edged higher on the day, up 1.3 basis points to 5.335 percent.
Greece and Belgium also issued short-term debt without hitch.
CORE SLIPS
Core debt futures fell on the day but showed little reaction to below-forecast fourth-quarter GDP estimates or a survey of German investors suggesting the positive economic outlook in the region's largest economy remains intact.
Bund futures FGBLc1 were last at 122.43, down 24 ticks on the day. Traders said weak performance from UK gilts in the wake of inflation data was weighing on Bunds.
Gilts underperformed, narrowing the 10-year yield spread by 4 bps on the day to as tight as 52 bps.
Flash estimates of German fourth quarter GDP data showed slightly below-forecast growth of 0.4 percent, with preliminary French GDP data also below forecasts at 0.3 percent. Overall euro zone growth also slipped below targets.
Analysts attributed much of the disappointment to poor weather, with little impact seen in government bond markets.
The February German ZEW survey showed an upturn in investors' assessment of current conditions and economic sentiment, though the latter improved by less than forecast.
"The market is not getting too excited because of a minor deviation from expectations ... it was just important that the direction was in line with what the market was looking for," Commerzbank's Schanutz said.
The 10-year German bond yield DE10YT=TWEB was up 3 basis points at 3.313 percent, while the two-year yield DE2YT=TWEB rose 4.2 bps to 1.427 percent.
METHOS
Forumer storico
Basta con sta menata del debito pubblico + la ricchezza delle famiglie. Questa volta stò con i tedeschi. Vogliamo ridurlo stò benedetto debito si o no? E allora diamoci da fare e cominciamo a tagliare gli sprechi enormi che abbiamo.
tommy271
Forumer storico
Per Italia e Grecia non è realistico in tempi brevi: il nostro paese potrebbe arrivarci entro una decina d'anni (secondo alcuni studi prospettici).
Una buona proposta sarebbe quella di far inserire a livello costituzionale un tetto al debito: già questa sarebbe una rivoluzione copernicana rispetto al "partito della spesa".
- Stato