Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (12 lettori)

[gianfranco199]

Volevo saper le ultime notizie, circa default o aircut .Non ho capito, se si parla di allungamento di scadenze ,tagli su cedole o prospettive acclarate di default. tipo argentina, con perdita secca di quasi il 70% sul capitale.
Saluti

 

[tommy271]

Greek PM says EU needs bold decisions to calm markets


Fri Mar 4, 2011 6:40am EST



* Greek PM says EU summit must take brave decisions
* Markets will not calm if EU measures insufficient


ATHENS, March 4 (Reuters) - European Union leaders need to take brave decisions during a summit on the euro zone debt crisis later this month for markets to calm down, Greek Prime Minister George Papandreou said on Friday.

Euro zone leaders will meet on March 11 to hammer out a comprehensive package of measures against the bloc's debt crisis, before EU leaders sign off on the deal at a meeting in Brussels on March 24/25.

"Only a coordinated policy can calm the markets," Papandreou said in a speech to his socialist party's national council. "If our decisions in the EU are not brave and effective, markets will react very quickly and we will find ourselves at the negotiating table again."

Greece last year became the first euro zone country to obtain a bailout to avoid bankruptcy. But investors question whether the country can sustain the pain of further austerity to avoid a debt restructuring.

European conservative and socialist leaders discuss the debt crisis at separate meetings in Helsinki and Athens on Friday, trying to forge a common position before the EU's two critical summits later this month.

"This is not just a Greek, but a European battle," Papandreou said.

 

[tommy271]

Volevo saper le ultime notizie, circa default o aircut .Non ho capito, se si parla di allungamento di scadenze ,tagli su cedole o prospettive acclarate di default. tipo argentina, con perdita secca di quasi il 70% sul capitale.
Saluti

Ciao Gianfranco, al momento nessuna novità: tantomeno sul fronte default o haircut.
Si parla molto di buy-back e Brady bond ... ma siamo lungi dal trovare una mediazione.
Gli eurobond sono stati scartati.

 

[tommy271]

Athens Market Holds A Wait-And-See Stance



Greek Stocks move on positive grounds on Friday in a trading session with a very thin turnover.

Banks also move upwards, with Bank of Cyprus and Marfin Popular Bank topping banking sector’s profits, while Viohalco and Jumbo are FTSE20’s highlights with profits of 4.11% and 2.5% respectively.

“Positive sign could be reiterated on the back of foreign markets upward movement, which seems to be supported by easing oil prices and upbeat US macro data”, according to Marfin Analysis. Volumes should remain thin, says Marfin in its morning report.
“Hints about a potential rise of euro interest rate from the ECB higher than the current 1% boost the euro and benefit euro-denominated assets such as ASE-listed equities”, according to Kyprou Securities.

It expects trading value to remain at low levels in March on the back of May 25 EU summit unless extraordinary events trigger increased volatility, while the market seems to hold a wait-and-see stance on the ASE.
Pegasus Securities comments that it is quite promising that the Athens market succeeded to remain in positive territories throughout yesterday’s session, despite pressures asserted on domestic banks following ECB’s statement of a possible increase of rates by April.

Across the board, the General Index is at 1583.42, up 0.17% in a turnover of EUR 26mn. A total amount of 55 shares rise, 49 decline and 57 remain unchanged. Banks gain 0.35%, currently at 1347.1 units.


(capital.gr)


***
La situazione a metà giornata presso la Borsa di Atene.


I nostri spread rimangono lievemente cedenti, ma non sui massimi degli ultimi giorni. Attualmente intorno a 891 pb.

 

[tommy271]

EU Rehn: Mustn't Slow Reforms As Markets Calm, Growth Improves




PARIS -(Dow Jones)- European Union Commissioner for Economic and Monetary Affairs Olli Rehn Friday warned European governments mustn't be complacent and slow down the pace of reform as markets calm down and the economic outlook improves.
"It is essential that we do not allow the relative calm in the financial markets and the improved macroeconomic outlook to lower the level of ambition or slow down the completion of the reforms," Rehn told a meeting of the world's leading central bankers in Paris.
Correcting divergence in competitiveness and macroeconomic imbalances is key to avoiding a crisis like the one seen in Ireland, Rehn said.
Economic surveillance must be enforced by stronger incentives and sanctions that kick in sooner and more automatically, he said.
To avoid a crisis like in Greece, Rehn said the single currency's Stability and Growth Pact should be strengthened and the commission wants to make medium- term budget objectives more operational and binding.
Rehn didn't deliver the whole speech as planned in Paris. In the prepared remarks he also said the European Commission backs the ambitious competitiveness pact that is currently being negotiated by euro-zone countries.
Some countries have balked at Franco-German proposals they fear will violate their sovereignty in areas like pensions and wage indexation.
"If the competitiveness and convergence pact--or whatever it will be called-- provides political willingness and support to urgent actions that will lead to more growth and employment, it can only be welcomed," Rehn said.

 

[tommy271]

German Two-Year Government Notes Rise on Peripheral Borrowing Cost Concern

By Emma Charlton and Keith Jenkins - Mar 4, 2011 11:58 AM GMT+0100 Fri Mar 04 10:58:11 GMT 2011

March 4 (Bloomberg)


German two-year government notes rose while their Greek equivalents fell, on concern higher borrowing costs may hamper the region’s most indebted countries, spurring demand for the euro zone’s safer assets.

Greece’s two-year yields reached the highest since May 10, the first trading day after the European Union and the international Monetary Fund announced the creation of a bailout fund to backstop the euro. European Central Bank President Jean- Claude Trichet said yesterday it’s “possible” that rates will rise at the central bank’s April meeting.

His comments drove the German two-year yield up 23 basis points yesterday, the biggest increase since January 2009.

“There are some questions being asked about what tighter policy does for wider Europe, so that’s helping the bid toward core product,” said Eric Wand, a rates strategist at Lloyds Bank Corporate Markets in London. “Trichet was pretty clear that there would be a hike come April, so that’s going to underpin the German front-end going forward.”

The two-year note yield was two basis points lower at 1.76 percent as of 10:56 a.m. in London after reaching 1.84 percent, the highest since December 2008, according to data compiled by Bloomberg. The 1.5 percent security due March 2013 rose 0.035, or 35 euro cents per 1,000-euro ($1,387) face amount, to 99.49. The yield on German 10-year bunds, Europe’s benchmark government debt securities, was one basis point lower at 3.32 percent.


March 25 Deadline


Trichet will speak alongside governing council members including Mario Draghi and Christian Noyer at a Banque de France conference in Paris today. The ECB’s anti-inflation stance comes as European Union leaders approach a March 25 deadline for a reinforced plan to aid debt-strapped countries.

Greece’s two-year yields surged 24 basis points to 15.16 percent. The yield difference between German 2-year notes and Greek securities of a similar maturity was 13.41 percentage points, the widest since May 7, according to data compiled by Bloomberg.

Ten-year bunds were higher before a U.S. labor market report that is forecast to show employers added 196,000 workers last month, after a 36,000 gain in January, according to the median forecast of 84 economists surveyed by Bloomberg News. The report may also show the jobless rate increased to 9.1 percent from 9 percent.

“Right in front of payrolls data, people aren’t going to want to set too much risk on their books,” Wand said.


German-U.S. Spread


The yield difference, or spread, between German two-year notes and U.S. securities of the same maturity, narrowed four basis points to 98 basis points. It reached 103 basis points yesterday, the highest since Dec. 30, 2008, as traders added to bets that the European Central Bank will raise borrowing costs before the Federal Reserve.

The Frankfurt-based central bank, which left its key rate at a record low of 1 percent yesterday, is concerned about so- called second-round inflation effects, when companies raise prices and workers demand more pay to compensate for soaring energy and food costs, Trichet said. Euro-area inflation accelerated to 2.4 percent last month.

Euribor futures fell, pushing the implied yield on the contract expiring in December 2011 up two basis points to 2.18 percent. Earlier it rose to 2.215 percent, matching the highest since Feb. 22, 2010, as investors added to bets that the ECB will increase borrowing costs.

Forward contracts on the euro overnight index average, or Eonia, signal investors think the ECB will increase the key rate 25 basis points by its July meeting, Deutsche Bank AG data shows.


Higher Yields


“We are seeing consolidation at substantially increased yield levels,” said Kornelius Purps, an interest-rate strategist at UniCredit SpA in Munich. “The market has priced in three interest rate hikes by the end of the year.” UniCredit has “penciled in a rate of about 2.5 percent by the end of this year,” on the two-year, he said.

Since the end of January, Greece’s 10-year bonds have risen on six trading days, falling on 18. They fell for the seventh- straight day today, pushing the yield up three basis points to 12.1 percent.

German government bonds lost investors 2.3 percent this year, compared with a 0.7 percent loss for U.S. Treasuries, according to indexes compiled by Bloomberg and the European Federation of Financial Analysts Societies. Greek debt returned 1.7 percent over the same period, the indexes showed.

 

[IL MARATONETA]

ho venduto il 100% della 25 per recuperare 2/3 delle perdite sulla 24
ora vorrei swicciare il rimanente sulla '14..
ma non saprei.. boh!
mi sono anche stancata di pensare alla grecia

Una manovra che potrebbe interessante, quella di posizionarsi sul breve dei GGb. Ci penserò.....

 

[tommy271]

Zona euro, non è garantita risoluzione crisi debito - Rehn

venerdì 4 marzo 2011 13:27

PARIGI, 4 marzo (Reuters) - Non c'è garanzia che si esca bene dalla crisi del debito europeo e le sanzioni contro i paesi che gestiscono in maniera irresponsabile le loro finanze devono essere più automatiche. Lo ha detto il commissario Ue agli Affari economici e monetari Olli Rehn.
"Le riforme della governance e le politiche che sono al momento in corso nell'Unione europea mostrano che l'Europa ha tratto la giusta lezione dalla crisi e che sta agendo di conseguenza" ha detto Rehn nel corso di una conferenza organizzata dalla Banca di Francia a Parigi.
"Tuttavia, un buon risultato non è assolutamente garantito" ha detto, aggiungendo che è importante per i paesi Ue di non ridurre la propria ambizione di riforme con il miglioramento delle prospettive economiche. Rehn ha detto che le riforme sul meccanismo di sorveglianza dei bilanci dell'Unione europea devono garantire che le conseguenze di "comportamenti irresponsabili" siano più automatiche e soggette a minori procedimenti politici.



***
In italiano.

 

[tommy271]

Greek witnesses of Libya evacuation admire Chinese gov't, people​

English.news.cn 2011-03-04 20:31:13


by Maria Spiliopoulou


HERAKLION, Greece, March 4 (Xinhua)-- Admiration for the hard work, solidarity, good planning and effectiveness of the Chinese government and people is the widespread feeling among residents of Crete over China's mass evacuation from Libya via the southern Greek island.

As the last Chinese evacuees who have reached Crete onboard chartered Greek ships packed their few belongings to fly home from the island, locals shake hands with new friends and can't help voice their admiration for the efficient rescue operation of thousands.

More than 35,000 Chinese citizens had been evacuated from Libya up to Wednesday evening Beijing time in the largest and most complicated overseas evacuation ever conducted by the Chinese government since 1949, according to the Foreign Ministry.

"I had never come so close to so many Chinese people before. I am amazed at their exemplary behavior. I saw the orderly transfer of thousands of people from Heraklion port to hotels and airports of Chania and Heraklion. If it were other nationalities, I bet there would be chaos all over the island," taxi driver Thodoros Hatziantoniou told Xinhua.

Heraklion airport ground stuff member Yiannis Adamidis agrees. He has been working at the airport for five years.
"Chinese are the most cooperative passengers we ever had so far. They are very well organized and no problem has occurred up to now. It is unbelievable that with so many people here, everything runs smoothly," he told Xinhua.

Internet entrepreneur Patritsia Massouraki visited China years ago and it was not the first time that she noticed the Chinese people queue, coordinate, help each other and follow the rules to make everybody's life easier and safe.

"This is a fine example we should follow. Most of the times Greeks have to be under enormous pressure to cooperate efficiently. In crises and major tests we win praises. It happened with the 2004 Athens Olympic Games. It happened now with local authorities and hoteliers working fine with the Chinese," she said.
If she could use only one word to describe this operation, said Massouraki, it is "solidarity."

"This evacuation mission showcased to all of us what it really means to care for others, for your compatriots in danger. Our world would be a better place if all governments thought of no expenses to protect their peoples and all citizens rushed to help when there is need," she said.

Massouraki and her friend Ioanna Ferekidou saw closely and followed local media reports on the mobilization of the Chinese government, the Chinese embassy in Greece, and Chinese citizens living in Greece.

"The speed at which everything runs during this operation was amazing. But what is most amazing is that thousands of people were evacuated from a war zone, reached Crete and reunite with their families without any casualties or major problems," said Ferekidou, an accountant who knows well about speed as she is married to a fireman.

Stelios Daskalakis, owner of a store near a hotel which hosted the crisis management center of Chinese officials in Greece and thousands of evacuees from Libya, will keep one memory in his mind of this unprecedented mobilization in Crete: hard work.

"I saw people who took part in this operation rushing for hours, day and night, to serve their compatriots. I knew that according to the stereotype Chinese are hard working, but I never imagined how much," he said.

"From my contact with all these Chinese these days, I also found that they are extremely polite and grateful," said Daskalakis, as he greeted his next Chinese customers.


(agenzia Nuova Cina)

 

[frmaoro]

Quotazioni correlate


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venerdì, 4 marzo 2011 - 13:38
Non c'è garanzia che si esca bene dalla crisi del debito europeo e le sanzioni contro i paesi che gestiscono in maniera irresponsabile le loro finanze devono essere più automatiche. Lo ha detto il commissario Ue agli Affari economici e monetari Olli Rehn.
"Le riforme della governance e le politiche che sono al momento in corso nell'Unione europea mostrano che l'Europa ha tratto la giusta lezione dalla crisi e che sta agendo di conseguenza" ha detto Rehn nel corso di una conferenza organizzata dalla Banca (Valencia: 51.VA - notizie) di Francia a Parigi.
"Tuttavia, un buon risultato non è assolutamente garantito" ha detto, aggiungendo che è importante per i paesi Ue di non ridurre la propria ambizione di riforme con il miglioramento delle prospettive economiche.
Rehn ha detto che le riforme sul meccanismo di sorveglianza dei bilanci dell'Unione europea devono garantire che le conseguenze di "comportamenti irresponsabili" siano più automatiche e soggette a minori procedimenti politici.
già si mette le mani avanti