Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (22 lettori)

[tommy271]

Greek premier to meet Merkel on emergency loan extension

Feb 21, 2011, 13:22 GMT


Athens - Greek Prime Minister George Papandreou will meet with German Chancellor Angela Merkel in Berlin on Tuesday to discuss the economic progress his country is making under the terms of a multi-billion-euro bailout.
Papandreou is expected to urge Merkel to agree to an extension of the repayment period for Greece's 110-billion-euro (149-billion- dollar) emergency loan and for a reduction in its interest rate.
The talks with Merkel are among the first in a series of meetings Papandreou will hold with his European counterparts, ahead of a meeting of eurozone chiefs on March 11 and an EU leaders' summit on March 24-25.
The Greek government has already cut back salaries and pensions to slash a budget deficit that stood at 15.4 per cent of gross domestic product in late 2009 by six percentage points by the end of 2010.
Unions have held months of strikes and demonstrations to protest the measures and on Wednesday will hold another 24-hour national strike.
The Greek government is hoping the German chancellor will agree to these changes and will not hold it to adopting a 'competitive pact,' which she presented earlier this month with French President Nicolas Sarkozy and which calls for tighter wage controls and retirement ages to be linked to life expectancy.
The meeting is also seen as an opportunity to mend rocky relations between the countries in recent months, according to the Greek daily Kathimerini.
In November, Papandreou criticized Merkel's statements that private investors should be asked to accept a reduced profit on government bonds as part of a permanent support mechanism for eurozone members.
He said Merkel's comments were driving up bond spreads for countries with weaker economies.
Papandreou will also meet with German Foreign Minister Guido Westerwelle among other officials. He is scheduled to fly to Helsinki on Wednesday for talks with Finland's Prime Minister Mari Kiviniemi.


(Deutsche Presse Agentur)

 

[tommy271]

Nel pomeriggio la Borsa è tornata in negativo, dopo aver scavalcato quota 1700: ora registra un - 2,29 a 1675 punti. Volumi altissimi di scambio a 217 MLN.

Sempre in oscillazione stabile i nostri spread sui GGB: intorno a 867 pb.

 

[IL MARATONETA]

Ti vorremmo vedere alle Termopili ....

Ciao Tommy, mettiamola cosi': tutti alle Termopili (compreso Gaudente, con viaggio di sola andata offerto dal club greco) quando i nostri titoli raggiungeranno 100.....

 

[tommy271]

Bce, acquisti bond settimana 711 mln, drena domani 77 mld

lunedì 21 febbraio 2011 15:55



FRANCOFORTE, 21 febbraio (Reuters) - La Banca centrale europea ha effettuato acquisti di bond sul mercato secondario per 711 milioni di euro la settimana scorsa, dopo tre settimane consecutive di acquisti nulli ECB35.
Francoforte ha annunciato contestualmente per domani l'ormai consueta operazione di drennaggio fondi a una settimana, finalizzata a riassorbire la liquidità in eccesso generata dal programma di acquisto di titoli di stato.
La Bce ha indicato in 77 miliardi di euro la cifra che intende raccogliere domani, a fronte dei 76,5 miliardi di depositi che giungono a scadenza da martedì scorso.


***
Briciole ...

 

[tommy271]

La Borsa di Atene chiude in netto calo, rispetto ai massimi raggiunti tra oggi e venerdì, in scia con le Borse Europee e per le note questioni bancarie interne.
L'area a 1700 punti rimane di vendita.
I volumi registrati sono altissimi a 258 MLN, l'ASE segna 1668 punti con - 2,73%

I nostri spread sempre in oscillazione stabile, con spunti maggiori verso l'allargamento. Ora intorno a 869 pb.

 

[tommy271]

Borsa Atene: Ase chiude a -2,7% in scia a bancari


MILANO (MF-DJ)--L'indice Ase della Borsa di Atene chiude la seduta in calo del 2,7% a 1.668,2 punti con un volume di scambi di 258,9 mln euro in scia ai bancari.
Alpha sale del 5% e National dello 0,4% ma AteBank precipita dell'11,7% seguita da Hellenic Postbank in ribasso del 10,1%, Piraeus del 10,1% e Eurobank dell'8,7%.

 

[tommy271]

ASE Suffers Heavy Losses - Alpha, National Bank Stay Positive



Athens market suffered severe losses on Monday, while the investors’ interest was focused on the developments regarding the proposed merger of National Bank-Alpha Bank, both ending in positive territory.

The very heavy turnover of EUR258.9mn was mainly channeled through the banking sector.

Indicative of the trading activity was the fact that Alpha Bank and National Bank opened enhanced by 14.82% and 4.36% respectively, while their intraday profits reached 18.58% and 7% respectively. Finally, Alpha ended at session’s low, up 5.01% while NBG posted minor gains of 0.4%.

ATE Bank, Proton Bank, Hellenic Postbank and Piraeus Bank posted double-digit losses, while Eurobank, Attica Bank fell by 8.75% and 7.94% respectively. Bank of Cyprus, Marfin Popular Bank and Geniki Bank declined by 6.44%, 5.83% and 4.39% respectively.

Analysts attribute banks’ heavy losses to disappointment over the sector consolidation stalemate, while they state that the letter to the Alpha Bank personnel sent by the chairman of the bank, Ioannis Kostopoulos, triggered speculation and volatility.

Alpha and National eased from early sharp highs as prospects of their merger looked more and more bleak," a senior local trader told Dow Jones Newswires.

"What started as profit taking in banks led to sell off on M&A disappointment and fear that any EU mechanism won’t be able to engage in bond buybacks to resolve the local debt crisis."

Across the board, the General Index ended at 1668.25 units, down 2.73% with a trading volume of 74mn units. A total amount of 130 shares declined, 108 remained unchanged and 46 rose.

Banks moved in a margin of 120 units or 7.69%, ending at 1506.03, down 3.25%.

Across FTSE20, apart from banks, Titan and Jumbo rose by 1.44% and 0.35%, while MIG, Viohalco, Mytilineos and OTE fell by 8.82%, 6.53%, 6.07% and 4.38% respectively.


(capital.gr)

 

[tommy271]

Lotta all'evasione:

Grecia: 20 anni di prigione per gli evasori recidivi - Economia - Panorama.it

 

[Rottweiler]

A Milano c'è un modo felpato per definire una persona come il bravo Axel....

DOW JONES NEWSWIRES
DUESSELDORF, Germany (Dow Jones)--The financial rescues of Greece and Ireland have damaged the foundations of Europe's currency union, Deutsche Bundesbank President Axel Weber said Monday.

In a speech to an audience of academics and business representatives, Weber said it was essential not to let the deals that have been made to keep financial stability in the euro zone become the norm.

"We have to strengthen the foundations again," he said. He highlighted the risk that highly indebted countries in the euro zone might try to put pressure on the European Central Bank not to raise interest rates, as this would raise the cost of their debt servicing to unsustainable levels. Weber has indicated he has no desire to be subjected to that kind of pressure and has said he will step down from the Bundesbank at the end of April, instead of allowing himself to be put forward as successor to Jean-Claude Trichet, whose term at the head of the ECB ends in October.

Mario Draghi, the man who has emerged as the likeliest candidate to succeed Jean-Claude Trichet since Weber's announcement, is currently central bank head in Italy, a country with one of the highest debt levels in the euro zone, at over 115% of gross domestic product.

Returning to a theme already made earlier Monday in the Bundesbank's monthly report for February, Weber warned against measures that buy time in the short term but which encourage moral hazard in the longer term by creating false incentives for states.

"All too often, short-term, ad hoc decisions are taken that are counter-productive in the medium term," Weber said.

He included in this category the proposal now circulating among euro-zone governments to allow the European Financial Stability Facility to buy the bonds of financially troubled states on the open market, or from the ECB. The ECB has spent over 77 billion euros ($105 billion) to support the government debt markets of Greece, Ireland and, most recently, Portugal.

"We are an independent central bank," Weber said. "If we stop buying bonds, it isn't so that someone else jumps into the breach."

"The European Union mustn't become a transfer union," Weber said, arguing that the tendency of all such measures was to put extra burdens on the taxpayers of other countries in the euro zone.

Weber looked forward to the creation of the European Stability Mechanism, which is due to succeed the European Financial Stability Facility in 2013, and which he said would do more to ensure that private creditors carry their share of the burden of any future rescues.

Weber said that the discipline of market forces on governments could be increased by incorporating into all bonds issued after 2013 clauses that automatically put back the repayment date if the issuer gets into trouble.

"This would put the risk back where it belongs, namely in the hands of the bond-holder," Weber said.

Website: Deutsche Bundesbank - Browser-Empfehlung

 

[Gaudente]

Greek banks hold 3-3.5 times their equity in Greek government. This doesn't even include private loans made by Greek banks, many of which are also dicey. There is a 35% Greek govie haircut version similar to the "Brady plan" making the rounds. This would leave Greece still struggling and officially wipe out the equity of Greek banks

Io mi terrei parecchio alla larga dalle banche greche

L'altro giorno aveva detto di stare lontano dalle banche greche ... dopo una mezz'oretta i titoli sono saliti come un fulmine .

Stanno prendendo la rincorsa ....

Borsa Atene: Ase chiude a -2,7% in scia a bancari .... AteBank precipita dell'11,7% seguita da Hellenic Postbank in ribasso del 10,1%, Piraeus del 10,1% e Eurobank dell'8,7%.

Come scolasticamente previsto...