Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (2 lettori)

[Baro]

Sono contento per te che la compri a questi prezzi da saldo.....pensa che io ce l'ho un carico a 97

Non ti preoccupare... io ho la 2024 in carico a 97 che è peggio della tua 2014 ma penso di non essere solo ad avere questi valori (oggi assurdi) di carico. Su col morale!

 

[tommy271]

Sono contento per te che la compri a questi prezzi da saldo.....pensa che io ce l'ho un carico a 97

Chi l'ha in carico attorno alla parità il discorso è molto più complesso.
Un'operazione di mediazione potrebbe comportare un'elevato rischio di maggiore esposizione.
Si potrebbe recuperare qualcosa avendo la "fortuna" di saper vendere sui picchi massimi e riacquistare sui minimi.
Questo in molti lo sanno fare ... personalmente, molto umilmente, mi riesce difficile. Mi può capitare, ma non è la regola...

Non conosco la tua esposizione complessiva del portafoglio, ma arrivato a questo punto conviene mantenere.
Se poi la situazione dovesse precipitare irrimediabilmente, sarei il primo a vendere: anche in pesante loss.

La tua ventina di punti persi è niente, dinnanzi alla minaccia di default.

 

[Baro]

La faccenda è proprio questa.

A mio parere i 250 MLD disponibili dal Fondo per mantenere la tripla AAA (ed ottenere risorse a basso costo) sono sufficienti per Grecia e Irlanda.
Non lo sono se aggiungiamo il Portogallo, a meno di concordare una possibilità di rating inferiore (però queste sono questioni tecniche).
Il terreno per giungere ad un soddisfacente esito ci sono tutti: basta volerlo.

I fondi non sarebbero sufficienti (anche allargando a 440 MLD e rating inferiore) se dovesse aggiungersi la Spagna. In questo caso si parla di incrementare la potenza del fondo sino a 750 MLD.
Questi poi non sarebbero sufficienti se dietro l'angolo spuntasse anche l'Italia.

A questo punto credo che neanche il Signore potrebbe compiere un miracolo ...

Non finirà il mondo...

 

[tommy271]

ΝD leader in Helsinki for EPP summit


(ΑΝΑ-ΜPA) -- Main opposition New Democracy (ND) leader Antonis Samaras will be in Helsinki later on Wednesday to attend the European People's Party (EPP) summit on Europe's economic governance, to take place on Friday.

In the summit, Samaras will outline his party's positions on Greece's economic crisis and underline the need to take development measures including the utilisation of public property.

Samaras is expected to point out that the debt problem faced by Ireland and southern European countries should be dealt with on a single basis, and as regards Greece, he will back the extension of the repayment period for its bailout package without the adoption of additional economic measures.

The Helsinki Summit will be attended by EU heads of state and government who are members of the EPP, European Commission President Jose Manuel Barroso, European Council President Herman Van Rompuy and European Parliament President Jerzy Buzek.

***
Venerdì 4 ci sarà la riunione dei Partiti Convervatori della UE.
Sarà da monitorare ...

 

[Ivone]

Non ti preoccupare... io ho la 2024 in carico a 97 che è peggio della tua 2014 ma penso di non essere solo ad avere questi valori (oggi assurdi) di carico. Su col morale!

Ci provo. Comunque se la Frau non molla l'osso mi impegnerò a non comprare più un solo prodotto tedesco.....

 

[tommy271]

Barroso - Van Rompuy Present Diluted Economic Convergence Plan But Some Member States Still Remain Unconvinced

Source: eGov monitor - A Policy Dialogue Platform
Published Wednesday, 2 March, 2011 - 17:48

The Presidents of the European Council and the European Commission have drafted a diluted version of the "Competitiveness Pact" proposed by Germany and France, last month to harmonise economic policies across the eurozone, but some member states are still not convinced.



"The objective of the 'pact' is to deepen the economic pillar of the monetary union by fostering convergence among the economies of the euro area," the Van Rompuy - Barroso document says. The draft proposals were presented to senior eurozone bureaucrats last Monday but it failed to develop the consensus EU officials were hoping for.

The two biggest economies within the Eurozone, France and Germany proposed a six point plan for all eurozone members to adopt in exchange for increasing the scope and funding for the EU bailout fund.

However, many member states including Belgium, Luxemborg and Italy opposed the idea and saw it as a Franco-German "diktat". The EU proposals, developed by aides to the two Presidents, are supposed to reassure reluctant member states but some of them still find parts of the plan "unsatisfactory".

The new proposals do not require member states to move away from an inflation indexed wage system but still requires a "debt brake" enacted through national legislation which would ensure public sector deficit remains below a certain threshold. However, most of the criteria highlighted in the Franco-German pact still remains in place.

One of the most controversial areas would be increasing the retirement age in public pension systems which many member states are disinclined to pursue. There are some key differnces as well between the Franco-German proposals and the latest EU document. Instead of forcing countries to move away from the inflation indexed wage system, the EU proposes setting up a system to monitor and rectify wage and productivity imbalances among the various member states within the eurozone. This is a key bone of contention for some countries such as Belgium and Luxemborg.

The eurozone leaders would be meeting on 11 March to decide the future of the EU bailout fund and discuss these convergence plans. France and Germany have backed the proposals from Barroso and Van Rompuy. The meeting on the 11th is expected to be contentious as Germany has indicated that it would not consider any changes in the European bailout mechanism or the terms of the current bailout to Greece and Ireland without eurozone members accepting proposals to harmonise economic policies.

Even then Chancellor Merkel's ability to negotiate has been seriously limited after losses in provincial elections and domestic opposition to changes to the EFSF.

 

[tommy271]

Non finirà il mondo...

Non finirà il mondo, solo qualcosa in meno nelle nostre tasche ...

Mi stavo dimenticando, in caso di parziale insuccesso del Vertice, prepariamoci ad un'ondata di downgrade sui debiti dei periferici ...

 

[THE LAST]

Nonostante tutte queste perplessità e timori l'euro cresce di valore sul $ questo dovrebbe significare che i mercati sono fiduciosi nel debito dei paesi eu e tutto sommato anche dei periferici, non temendo nessun default

 

[tommy271]

El-Erian Says Pimco Won't Buy EU Peripheral Bonds Until Debt Restructuring

By Emma Charlton - Mar 2, 2011 5:55 PM GMT+0100 Wed Mar 02 16:55:22 GMT 2011



Pacific Investment Management Co. Chief Executive Officer Mohamed El-Erian said his funds won’t buy bonds from Greece, Portugal or Ireland until the countries undertake debt restructuring.

“We would rather stay on the sidelines until these countries are both willing and able to confront their problems and at that stage, we will consider buying their bonds,” El- Erian told Andrea Catherwood in Bloomberg Television’s “The Last Word” program.

El-Erian said he would need to see “an orderly, pre- emptive and voluntary restructuring of the debt, something that we’ve seen in other countries like Uruguay.

‘‘The second condition is a set of structural reforms that allow these economies to grow over time,’’ he said. ‘‘So we are waiting, we have a check-list, if you like, and we are waiting to see policy actions that address both the debt overhang and the growth deficit. If we see that, then we will get involved again.’’


(Bloomberg)

***
Mi sembra abbia corretto il tiro ... sino all'altro giorno diceva che il default era inevitabile ...

 

[tommy271]

Rogoff Says Debt Restructuring ‘Inevitable’ in Greece, Ireland

By Rainer Buergin - Mar 2, 2011 7:10 PM GMT+0100 Wed Mar 02 18:10:59 GMT 2011



Greece and Ireland will need to restructure their debts and Spain and Portugal may face doing so to survive Europe’s sovereign debt crisis, Harvard University professor Kenneth Rogoff said.

“I do think the eventual restructuring of two or three countries -- Greece, Ireland, Portugal -- is inevitable,” Rogoff said at an event at the German Finance Ministry in Berlin today. It “may be called something else, for face-saving reasons.”

The comments by Rogoff, a former International Monetary Fund chief economist, reiterate his view that some euro-region members may have to restructure their debts and bond holders should be forced to take losses of as much as 40 percent to help the bloc overcome its debt crisis.

“It’s inescapable to have public and/or private debt restructured in all four countries” of Greece, Ireland, Portugal and Spain, he said. “The risk of waiting too long is that it gets bigger and it costs you more.”

Portugal’s 10-year bond yield reached 7.64 percent on Feb. 10, the most since the inception of the euro in 1999, and was at 7.47 percent as of 6:42 p.m. in Berlin. It first climbed above 7 percent on Nov. 10 and has been above that level since Feb. 4. Greece needed a rescue within 17 days of its 10-year yield breaching 7 percent on April 6, while Ireland lasted less than a month after it cracked that level in October.

‘Too Big’

“If Spain were to have a restructuring of central government debt, I don’t think it would end there” and countries including Belgium and others would be affected, Rogoff said. Spain is just too big.”

Portugal will accept a financial bailout “within the next few weeks” as the cost of issuing debt becomes unsustainable, according to Axa Investment Managers, which oversees $714 billion in assets. Rogoff said in an interview with Frankfurter Allgemeine Zeitung published Feb. 10 that countries such as Greece and Portugal should be urged to leave the euro region for 10 to 15 years to help restore public finances.

Greece leaving the euro region “would be a sensible solution but I don’t think it will happen,” Rogoff said today. “It’s not on the table, but I think a default will be difficult to avert.”

(Bloomberg)

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Rogoff invece è sempre quello ...