Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (17 lettori)

[tommy271]

Grecia, linea dura contro l'evasione fiscale - 22/02/2011

La pressione congiunta di UE e FMI ha dato i suoi frutti: nella giornata di ieri è stata presentata al Parlamento greco la bozza di un disegno di legge che prevede un inasprimento della legislazione sull'evasione fiscale...


La pressione congiunta di Unione Europea e Fondo Monetario Internazionale ha dato i suoi frutti: nella giornata di ieri è stata presentata al Parlamento greco la bozza di un disegno di legge che prevede un inasprimento della legislazione sull'evasione fiscale. Lo ha reso noto il Financial Times. Era una delle condizioni per ottenere gli aiuti internazionali, pari a 110 miliardi di euro, necessari per risollevare il Paese dalla crisi.

Sono diverse le misure disposte dalla nuova legge. Innanzitutto, sanzioni penali per chi evade le imposte sul reddito di oltre 75 mila euro e l'imposta sul valore aggiunto di più di 150 mila euro. Inoltre, nascerà un'authority indipendente per velocizzare le vertenze relative a importi superiori ai 150 mila euro.
Infine, saranno pubblicate liste di evasori “eccellenti”.

Per il mese prossimo è previsto il lancio di un piano d'azione, della durata di tre anni, per affrontare anche l'annosa questione della corruzione degli ufficiali del fisco. L'evasione è un problema endemico in Grecia: secondo le stime ufficiali, non viene riscosso addirittura il 30% delle entrate previste.

Il gettito fiscale nel 2010 è salito solo del 5,5%: molto meno del target iniziale (+13,8%) fissato a seguito dell'aumento dell'imposta sull’Iva e delle accise su sigarette e benzina.

Al governo, tuttavia, manca il consenso necessario per intervenire su larga scala. Sono stati proprio i membri socialisti della maggioranza a costringere il ministro delle Finanze George Papaconstantinou a ritirare la proposta - sostenuta dalla comunità internazionale - di istituire tribunali dedicati alle contese in materia fiscale. Il partito di opposizione “Nuova democrazia”, che rappresenta la destra conservatrice, da parte sua accusa il governo di essere sordo alle esigenze dei cittadini, flagellati dalla crisi.

L'associazione degli industriali lancia l'allarme: 3 miliardi di euro di mancati introiti sono dovuti ai fallimenti delle piccole e medie imprese nel corso del 2010. Per il 2011 se ne prevedono altri 120 mila, che porterebbero ad un'ulteriore perdita di 6,5 miliardi.


(valori.it)

 

[tommy271]

Debiti sovrani: Papandreou rilancia il buyback - 22/02/2011

Il premier greco George Papandreou ha invitato apertamente la Germania ad abbassare i tassi di interesse sui prestiti “salva Stati” concessi dall’Unione Europea con l’obiettivo di tamponare la voragine debitoria del Continente...


Il premier greco George Papandreou ha invitato apertamente la Germania ad abbassare i tassi di interesse sui prestiti “salva Stati” concessi dall’Unione Europea con l’obiettivo di tamponare la voragine debitoria del Continente. Lo riferisce l’agenzia Bloomberg citando il discorso pronunciato dallo stesso primo ministro a Berlino a margine dell’incontro con il cancelliere tedesco Angela Merkel.

Con l’obiettivo di rendere “più flessibile” la strategia di intervento, ha spiegato Papandreou, l’Unione dovrebbe iniziare a considerare l’ipotesi del cosiddetto buyback sui bond collocati dai governi per rastrellare liquidità sui mercati. In pratica si tratterebbe di riacquistare le obbligazioni già emesse per ridurre la pressione sui conti pubblici dei singoli Stati. Un’ipotesi che non convince per nulla la banca centrale tedesca che, anche nella giornata di ieri, ha ribadito il suo dissenso.

Salvata dal fallimento tecnico grazie a un maxi intervento europeo, la Grecia paga oggi un interesse del 5% sui prestiti di salvataggio. La Germania ha avanzato in passato l’ipotesi di un abbassamento del tasso in cambio di un concreto impegno di Atene (e degli altri Paesi dell’area euro) nella realizzazione di riforme strutturali per risanare i bilanci statali e rilanciare la competitività.


(valori.it)

 

[tommy271]

Merkel offers limited support to Greece

After meeting Greek PM, German leader backs Athens's efforts but fails to commit on loan rescheduling

German Chancellor Angela Merkel expressed her support on Tuesday for Greece’s efforts to rescue its economy from collapse and put its public finances in order but stopped short of giving Prime Minister George Papandreou any tangible evidence of Berlin’s backing.

Sources said that during their meeting in Berlin, Merkel failed to give any concrete assurances about supporting Greece’s bid to improve the terms of the 110-billion-euro package when European Union leaders meet next month. However, the atmosphere in the news conference after the pair met appeared particularly friendly.

“Angela, I want to thank you very much for what you have done, your support and your friendship,” said Papandreou before suggesting Greece and Germany could work more closely on tourism and “green growth.”

“Greece has started to put its house in order,” said Merkel. “We have been watching this with satisfaction because we know that this requires political boldness.”

However, the German chancellor said she feels there is still a lot of work for Athens to do. “I believe that there are still some more things for Greece to do and the more decisive that it is in following the necessary policies, the more Germany will believe that it can succeed.”

Merkel left journalists in no doubt that she supported the euro, despite criticism from various quarters that she is being “un-European.”

“We know that we need the single currency,” she said. “We are all focused on the euro.”

Merkel and Papandreou’s meeting was preceded by talks between Finance Minister Giorgos Papaconstantinou and his counterpart Wolfgang Schauble. Following the two meetings, Greek diplomatic sources said they felt confident that Germany would in the end support the repayment period for Greece’s emergency loans being extending to 10 or 11 years from three years when the matter is discussed at an EU leaders’ summit on March 24 and 25. Athens is less confident that Berlin will back a lowering of the interest rate Greece is being charged.

Although Papandreou has expressed his agreement with the “competitiveness pact” proposed by France and Germany, which calls for an end to inflation-linked wage rises and for retirement ages to reflect life expectancy, Greece fears other EU members will reject the proposals and that this will scupper the chances of agreeing on a comprehensive structure to deal with debt crises in the eurozone, leaving Athens isolated.

ekathimerini.com , Tuesday February 22, 2011 (22:32)

***
Riassunto del testo, postato in greco, nella pagina precedente.

 

[Baro]

Posso chiedervi cosa ne pensate del blackout di ieri a Borsa Italiana ?

 

[tommy271]

Ieri sera l'incontro di Papandreou con la Merkel, pur mantenendo ancora un carattere interlocutorio, è stato un passo in avanti.
La Germania, ufficialmente, non ha escluso l'ipotesi di allungamento del prestito della troika ed il clima - durante la conferenza stampa - è stato particolarmente amichevole.
Ampi resoconti li potete leggere nei post precedenti.
Sappiamo che la Merkel non può sbilanciarsi troppo, è una persona che bada di più al risultato elettorale interno che non ai problemi generali dell'Europa. Inoltre la sua sedia è pericolosamente in bilico ... e ci tiene alla poltrona.

Su tutto aleggia la pericolosa situazione nel nordafrica con la Libia in testa.
I nostri ellenici si sono offerti di trasferire i lavoratori cinesi (circa 13.000) dalla Libia a Creta, l'operazione andrà in porto con ogni probabilità: la Grecia, anche il questo caso, rimane partner privilegiato dell'impero celeste.
Intanto la situazione libica appare confusa, con la Tripolitania in mano a Gheddafi e la Cirenaica con i rivoltosi.
Se nelle rivolte in Egitto e in Tunisia il fondamentalismo islamico pare svolgere un ruolo secondario (e sembra essere stato sopraffatto dagli avvenimenti) in Libia la contestazione è promossa da questi ambienti, tutt'altro che rassicuranti.

Oltre alle tensioni libiche non vanno sottaciute le manovre iraniane che rischiano di creare nuovi focolai di tensione. Il nuovo governo egiziano ha dato il permesso al transito nel canale di Suez delle due navi militari.
Un fatto che implica risvolti nella politica estera sin qui seguita.
Il Governo israeliano pare ormai isolato nell'area: Erdogan, il vecchio alleato turco, ha reciso gli ultimi legami.
Non rimane che il dirimpettaio greco e cipriota.

Spread sempre deboli su tutti i periferici con una qualche reazione di tenuta da parte greca, il fronte meridionale rimane sotto pressione con Portogallo, Spagna e Italia che allargano.

Grecia 856 pb. (849)
Irlanda 597 pb. (598)
Portogallo 432 pb. (427)
Spagna 222 pb. (218)
Italia 168 pb. (164)
Belgio 106 pb. (108)

 

[tommy271]

Posso chiedervi cosa ne pensate del blackout di ieri a Borsa Italiana ?

Hanno evitato un'apertura che rischiava di diventare troppo "pesante" ...
Sarà un caso, ma i guasti tecnici avvengono sempre nei periodi di massima tensione.

 

[tommy271]

Merkel offers lifeline to Greece ahead of 9th general strike

LEIGH PHILLIPS
Today @ 09:28 CET




EUOBSERVER / BRUSSELS - On a visit to Athens on Tuesday (22 February), German Chancellor Angela Merkel offered Greece something of a lifeline, suggesting that Berlin will back an extension of the payment period of the country's €110 billion bail-out.

"There certainly is a discussion about whether to consider extending the running time of the Greek program," she said, according to reports from a press conference between Ms Merkel and Greek Prime Minister George Papandreou.

She added that Ireland's bail-out terms covered a seven-year period, while Greece's was just three. "It's one point that's on the table," she noted.

But she also said that such a decision "can only be decided in connection with all the other measures."
She patted Greece on the head for its austerity programme, saying: "Greece has started to put its house in order ... We have been watching this with satisfaction because we know that this requires political boldness."

At the same time, like a watchful nanny inspecting how well a child has cleaned up his room, she warned that for all the cuts and liberalisation the centre-left government has imposed in the face of mass social unrest, Greece must still go further.

"I believe that there are still some more things for Greece to do and the more decisive that it is in following the necessary policies, the more Germany will believe that it can succeed," she said.

Mr Papandreou for his part thanked the German leader for considering Greece's request for a bail-out extension: "Angela, I want to thank you very much for what you have done, your support and your friendship."

Ahead of the top-level meeting, talks between the respective finance ministers, Giorgos Papaconstantinou and Wolfgang Schaeuble also took place in Athens. According to Greek daily Kathemerini, unnamed Greek diplomats said they are confident that the repayment period will be extended to 10 or 11 years, but are not as sure that the Berlin paymaster will accede to a lowering of the five percent interest paid on the sum.

The lifeline came ahead of the country's ninth general strike in opposition to austerity measures and a day after the parliament had managed to push through legislation introducing a wholesale liberalisation of a number of professions, including lawyers, architects, engineers and notaries, a landmark piece of legislation demanded by the EU-IMF-ECB troika in exchange for the bail-out.

The legislation was passed following a series of amendments to ensure dissident members of the governing Pasok party did not abstain.

On Wednesday, in a strike organised jointly by the two leading union federations, GSEE and ADEDY, flights will be grounded and most of public transport will come to a halt while schools will be shuttered and hospitals will only respond to emergency needs. All municipal services as well as doctors offices, gas stations and pharmacies will be closed.

The two unions have called for a single day of action, but the hard-left Syriza coalition and anarchist groups have called for protesters to stay on in the central Syntagma Square until the government is overthrown, inspired by protests in Egypt, Tunisia and Libya.


(euobserver.com)

 

[tommy271]

Greece Paralyzed By 24-Hour Nationwide Strike



By Alkman Granitsas
Of DOW JONES NEWSWIRES



ATHENS (Dow Jones)--Greece was paralyzed by a nationwide general strike Wednesday as hundreds of thousands of workers, shop keepers and civil servants walked off the job in a 24-hour protest over the Socialist government's ongoing austerity program.

The strike affected public services, with government ministries, local government offices, courts and schools all closed, while hospitals and many state-owned enterprises were operating on skeleton staffs.

Mass transit around the capital, Athens, also ground to a halt as bus, trolley, tram and subway operations were suspended, with only Athens' electric rail operating on a reduced schedule. More than four dozen domestic flights were canceled ahead of a four-hour walkout by air traffic controllers, while ferry operations to Greece's islands were also suspended.

Called by Greece's two major umbrella unions--private sector GSEE and public sector ADEDY--the strike comes as Greece stumbles its way through its worst recession in decades, made worse by a raft of government austerity measures and economic reforms.

"Workers today are living through the most barbaric attack at the expense of their rights and their lives," ADEDY said in a statement. "We have a collective and personal responsibility to ourselves and to our children to succeed in our struggle."

Recent data show that Greece's recession has deepened, with the economy contracting by a worse-than-expected 4.5% last year and with few signs of an upturn in sight. Joblessness has risen to 13.9%, while youth unemployment is a staggering 35.6%. Greece's retailers association, ESEE, estimates that 120,000 small businesses will go bankrupt this year alone.

At the same time, though, the Greek government is struggling to implement a three-year austerity program in an effort to close a budget deficit that reached a record 15.6% of gross domestic product in 2009. The austerity measures, along with a series of other economic reforms, are part of a deal Greece reached last May with the European Union and International Monetary Fund in exchange for a EUR110 billion bailout.

"The austerity measures are beginning to affect all of society even more now. The economic situation is becoming very difficult for both Greek businesses and for workers," said Anthony Livanios, an independent political economist and commentator. "Even so, the government appears determined to continue with its policies."

In recent public opinion polls, seven out of ten Greeks expect the austerity program to continue even beyond 2013 when the current bailout deal with the EU and IMF ends. The ruling Socialists have seen their popularity drop sharply in the past year, although they still retain a 3.5 percentage-point lead over the center-right opposition.

Still, in a sign of the widespread discontent, Wednesday's strike--the first general strike this year--has also drawn support from the business community, with ESEE calling on its members to close up their shops and join in the protest. Private doctors, pharmacists, and journalists also walked off the job Wednesday.

Three separate protest rallies are scheduled for later Wednesday amid concerns that past demonstrations have been marred by violence, including a deadly riot last May that left three bank workers dead.

"We are standing ready," said Panagiotis Papapetropoulos, a spokesman with the Greek police, who added that more than 3,000 police officers have been deployed on the streets of Athens. "We have already taken increased security measures."

 

[tommy271]

Apertura tranquilla in quel di Atene.
L'indice ASE segna 1634 + 0,91%, Spread intorno all'oscillazione giornaliera di ieri 872 pb.

 

[tommy271]

Provopoulos: Against Greek Debt Restructuring, Wants Bank Mergers

By Nick Skrekas
Of DOW JONES NEWSWIRES



ATHENS (Dow Jones)--George Provopoulos, a member of the European Central Bank’s Governing Council, said Tuesday he remains opposed to a Greek debt restructuring but would like to see friendly local bank mergers.

Last May, Greece inked a EUR110 billion bailout from the International Monetary Fund and the European Union to avert a sovereign debt default and buy time to implement tough reforms in order to be able to return to borrowing in the bond market.

"A debt restructuring would be a catastrophic choice, and I remain totally against it...we have to bite the bullet and do more on our own that just what is in the [IMF-EU] memorandum," Provopoulos, who is also governor of the Bank of Greece, said in presenting the central bank’s annual monetary policy statement to Parliament.

He advised Greece to do more to foster growth, exceed targets promised to international lenders and commit to even more than the ambitious EUR50 billion five-year privatization plan announced by the socialist government last week.

When committee members asked what a 30% "haircut"--or discount--on government debt actually means, Provopoulos said one of the obvious impacts, among the many devastating outcomes, would be lower pensions since state-controlled pension funds hold about EUR75 billion in Greek sovereign debt.

"Greece’s return to international market borrowings is hindered by the bad national debt dynamic," the Greek central bank governor said.
On Monday the Finance Ministry said central government debt stood at EUR340.3 billion at the end of 2010. The official target for general government debt for 2011 is EUR330.1 billion or 152.6% of gross domestic product.

Provopoulos was asked to weigh in on the rejection of the bid by Greece’s largest lender, National Bank of Greece SA (NBG), to acquire third-largest peer Alpha Bank SA (ALPHA.AT). "This is a decision for the shareholders," he said declining to comment on specifics.

"But, as I have previously said, the central bank wants to see preplanned friendly mergers in the banking system that can unlock significant synergies," the governor said.

Provopoulos said that if there was an extension on the repayment of the EUR110 billion loans to Greece it would "lighten the load greatly."

"If a European solution at the European Union summit meeting in March is below market expectations, then we can expect a very negative second round of reactions from financial markets. If decisions are positive, then [volatility] will be smoothed," Provopoulos added.

***
Un haircut sui GGB sarebbe dannoso anche per la Grecia ...