Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (11 lettori)
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tommy271
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Easier bailout terms sought for Greece, Ireland
Associated Press, 03.04.11, 11:52 AM EST
ATHENS, Greece -- European Socialist parties on Friday called on the EU and IMF to lower the interest rates on Greece and Ireland's rescue loans and agree new measures to steady the continent's economy.
European Socialist group leader Poul Nyrup Rasmussen on Friday said he backed an immediate drop in the loan rates by the conservative-led European Union at a leaders meeting on March 25.
"I think the lack of solidarity from the dominant conservatives has gone on long enough," Rasmussen said at the meeting of European Socialist parties.
Greece is struggling to see through a second year of drastic austerity measures in exchange for a euro110 billion ($154 billion) bailout loan package that rescued it from bankruptcy in May last year. Ireland also received a bailout late last year due to massive losses in its banking sector.
Rasmussen said the Socialists support calls to create a European bond, which would effectively tie together the debt markets of different countries, and to impose a "transaction tax" on banks and financial institutions.
"Don't blame Europe for what is happening, but blame Europe's conservative majority," Rasmussen said. "Our message tonight is: Lower the interest rate for Greece and Ireland."
Greece's Socialist Prime Minister said financially troubled Spain and Portugal could avoid resorting to Europe's bailout mechanism if the EU provides a more comprehensive plan to rebuild market confidence."My belief is that Spain and Portugal should not enter the mechanism because thay have done everything they are supposed to," he said. "So it is Europe's responsibility."
Rasmussen told the AP that studies commissioned by the European Socialists suggested that a 0.05 percent tax on financial transactions could provide the EU more than euro220 billion ($307 billion) in revenue per year.
"Our belief is that the financial institutions would not leave Europe" if the tax was imposed, he said. "Europe in total is the biggest economy in the world"
Associated Press, 03.04.11, 11:52 AM EST
ATHENS, Greece -- European Socialist parties on Friday called on the EU and IMF to lower the interest rates on Greece and Ireland's rescue loans and agree new measures to steady the continent's economy.
European Socialist group leader Poul Nyrup Rasmussen on Friday said he backed an immediate drop in the loan rates by the conservative-led European Union at a leaders meeting on March 25.
"I think the lack of solidarity from the dominant conservatives has gone on long enough," Rasmussen said at the meeting of European Socialist parties.
Greece is struggling to see through a second year of drastic austerity measures in exchange for a euro110 billion ($154 billion) bailout loan package that rescued it from bankruptcy in May last year. Ireland also received a bailout late last year due to massive losses in its banking sector.
Rasmussen said the Socialists support calls to create a European bond, which would effectively tie together the debt markets of different countries, and to impose a "transaction tax" on banks and financial institutions.
"Don't blame Europe for what is happening, but blame Europe's conservative majority," Rasmussen said. "Our message tonight is: Lower the interest rate for Greece and Ireland."
Greece's Socialist Prime Minister said financially troubled Spain and Portugal could avoid resorting to Europe's bailout mechanism if the EU provides a more comprehensive plan to rebuild market confidence."My belief is that Spain and Portugal should not enter the mechanism because thay have done everything they are supposed to," he said. "So it is Europe's responsibility."
Rasmussen told the AP that studies commissioned by the European Socialists suggested that a 0.05 percent tax on financial transactions could provide the EU more than euro220 billion ($307 billion) in revenue per year.
"Our belief is that the financial institutions would not leave Europe" if the tax was imposed, he said. "Europe in total is the biggest economy in the world"
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tommy271
Forumer storico
Brave EU decisions needed to calm down markets (Update)
Prime Minister George Papandreou said on Friday that 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.
"Only a coordinated policy can calm the markets,” Papandreou told members of his party.
"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."
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.
Papandreou added that the European Union needed to become more competitive and that it faced a dilemma in which model it should adopt.
“Decisions over the next few weeks will be decisive for the EU,” he said. “There is no room for complacency or delays.”
Papandreou said competitiveness should be based on a model that invests in “people, education, innovation and infrastructure.” He said earlier that wage cuts wouldn’t necessarily usher in competitiveness.
With uncertainty over Greece’s debt future growing, the country’s two-year government notes fell, with the yield surging 14 basis points to 15.05 percent on Friday, after rising to 15.07 percent, the highest since May 10.
Meanwhile, Spanish Finance Minister Elena Salgado said that her country favors giving Greece “more flexibility” on rescue loans.
Spain supports considering “different formulas” for the Greek loan to ease the interest-rate burden as the country steps up austerity measures, Salgado told Bloomberg.
Terms should be “re-examined” as they’re “the same when the country is bearing the impact of the austerity measures as when those measures will be easing” in two or three years.
Her comments follow German Chancellor Angela Merkel’s increased resistance to cutting rates on bailout loans while European leaders are still seeking to reach a consensus on boosting the firepower of the region’s 440 billion-euro rescue fund.
ekathimerini.com , Friday March 4, 2011 (17:34)
"Only a coordinated policy can calm the markets,” Papandreou told members of his party.
"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."
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.
Papandreou added that the European Union needed to become more competitive and that it faced a dilemma in which model it should adopt.
“Decisions over the next few weeks will be decisive for the EU,” he said. “There is no room for complacency or delays.”
Papandreou said competitiveness should be based on a model that invests in “people, education, innovation and infrastructure.” He said earlier that wage cuts wouldn’t necessarily usher in competitiveness.
With uncertainty over Greece’s debt future growing, the country’s two-year government notes fell, with the yield surging 14 basis points to 15.05 percent on Friday, after rising to 15.07 percent, the highest since May 10.
Meanwhile, Spanish Finance Minister Elena Salgado said that her country favors giving Greece “more flexibility” on rescue loans.
Spain supports considering “different formulas” for the Greek loan to ease the interest-rate burden as the country steps up austerity measures, Salgado told Bloomberg.
Terms should be “re-examined” as they’re “the same when the country is bearing the impact of the austerity measures as when those measures will be easing” in two or three years.
Her comments follow German Chancellor Angela Merkel’s increased resistance to cutting rates on bailout loans while European leaders are still seeking to reach a consensus on boosting the firepower of the region’s 440 billion-euro rescue fund.
ekathimerini.com , Friday March 4, 2011 (17:34)
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tommy271
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EU Summit Will Determine Fate Of Portugal, Spain-Greek PM
ATHENS (Dow Jones)--Decisions taken by European leaders later this month on a financial bailout mechanism for Europe will ultimately determine whether the region's debt crisis spreads to Portugal and Spain, Greece's prime minister said Friday.
"Those two countries are going through a very critical moment. And the decisions taken by the European Union will be decisive for Spain and Portugal," Prime Minister George Papandreou said at a news conference.
He urged European leaders to help calm financial markets, saying fellow euro-zone members Spain and Portugal have already taken steps in the right direction.
"They are doing the right things," Papandreou said. "So it is not a question of their responsibility. It is a question of collective responsibility."
His remarks come at the start of a one-day summit of European socialists in Athens to forge a common stance on Europe's debt crisis ahead of two key meetings later this month.
Next Friday, leaders of the 17 countries that use the euro will gather to discuss details of a future permanent bailout mechanism for euro-zone countries facing financial difficulties.
Those talks will be followed two weeks later by a meeting of all 27 EU leaders that is expected to put the final touches on an emergency bailout fund.
Last May, Greece received an EUR110 billion bailout from the EU and International Monetary Fund after being effectively shut out from international capital markets as investors shunned Greek government bonds.
Similarly, in November, Ireland sought a EUR85 billion bailout and many analysts expect that euro-zone members Portugal and possibly Spain may reach a point where borrowing from the markets becomes untenable.
The fund being discussed by EU leaders is meant to assuage those fears and prevent Europe's debt crisis from spreading further.
However, European financial markets have recently come under renewed pressure amid growing expectations that EU leaders won't be able to reach a satisfactory deal by the end of the month.
ATHENS (Dow Jones)--Decisions taken by European leaders later this month on a financial bailout mechanism for Europe will ultimately determine whether the region's debt crisis spreads to Portugal and Spain, Greece's prime minister said Friday.
"Those two countries are going through a very critical moment. And the decisions taken by the European Union will be decisive for Spain and Portugal," Prime Minister George Papandreou said at a news conference.
He urged European leaders to help calm financial markets, saying fellow euro-zone members Spain and Portugal have already taken steps in the right direction.
"They are doing the right things," Papandreou said. "So it is not a question of their responsibility. It is a question of collective responsibility."
His remarks come at the start of a one-day summit of European socialists in Athens to forge a common stance on Europe's debt crisis ahead of two key meetings later this month.
Next Friday, leaders of the 17 countries that use the euro will gather to discuss details of a future permanent bailout mechanism for euro-zone countries facing financial difficulties.
Those talks will be followed two weeks later by a meeting of all 27 EU leaders that is expected to put the final touches on an emergency bailout fund.
Last May, Greece received an EUR110 billion bailout from the EU and International Monetary Fund after being effectively shut out from international capital markets as investors shunned Greek government bonds.
Similarly, in November, Ireland sought a EUR85 billion bailout and many analysts expect that euro-zone members Portugal and possibly Spain may reach a point where borrowing from the markets becomes untenable.
The fund being discussed by EU leaders is meant to assuage those fears and prevent Europe's debt crisis from spreading further.
However, European financial markets have recently come under renewed pressure amid growing expectations that EU leaders won't be able to reach a satisfactory deal by the end of the month.
tommy271
Forumer storico
Trichet: Price Stability Very Important For All Citizens Of Euro zone
PARIS (Dow Jones)--European Central Bank President Jean-Claude Trichet said price stability is "very important" for the whole euro zone, a day after he said a rate increase is possible next month.
"We are responsible for price stability for 331 million European citizens. Price stability is very important for all Europeans," Trichet said on the sidelines of a conference in Paris.
He was responding to a question about whether an interest rate hike could make life difficult for Greece, which fellow euro zone countries bailed out of a financial crisis late last year.
Trichet said price stability is particularly important for the poorest citizens of Europe. "We will of course continue to ensure price stability in the coming years."
PARIS (Dow Jones)--European Central Bank President Jean-Claude Trichet said price stability is "very important" for the whole euro zone, a day after he said a rate increase is possible next month.
"We are responsible for price stability for 331 million European citizens. Price stability is very important for all Europeans," Trichet said on the sidelines of a conference in Paris.
He was responding to a question about whether an interest rate hike could make life difficult for Greece, which fellow euro zone countries bailed out of a financial crisis late last year.
Trichet said price stability is particularly important for the poorest citizens of Europe. "We will of course continue to ensure price stability in the coming years."
IL MARATONETA
Forumer storico
G.IN, anch'io ho avuto la possibilità di vendere in buon gain, ma l'obiettivo è portare a casa quota 100...Ciao Tommy, si è vero, ma volevo mettere in risalto la tenacia, cioè il fatto di operare sempre per recuperare, senza vendere in loss e chiudere la partita, come consiglia sempre qualcuno.... da quando sono entrato in Grecia, a fine aprile 2010, ne ho visti di su e giù.. ormai è un anno che si parla di imminente default, haircut ecc. ma nel frattempo di cedolone ne ho prese, e anche qualche minimo e quasi massimo.
Ciao, ciao, Giuseppe
IL MARATONETA
Forumer storico
Frmaoro, nel vertice di fine marzo, una intesa deve scaturire per forza, manteniamo la calma
tommy271
Forumer storico
US' Geithner to visit Germany ahead of EU summit
Fri Mar 4, 2011 3:29pm EST
* Visit comes days ahead of key Brussels EU meeting
* Libya, Iran on agenda for quick trip
* Oil prices not troubling for recovery yet in U.S. view (Recasts first paragraph, adds background)
By Glenn Somerville
WASHINGTON, March 4 (Reuters) - U.S. Treasury Secretary Timothy Geithner will make a quick trip to Germany on Tuesday for economic talks, days ahead of a key European Union summit about beefing up a rescue fund for debt-strapped bloc members.
Treasury said the one-day trip was "to discuss the global economic outlook and progress on international financial reform" as well as events in Libya and Iran. The department would not provide any further details.
Geithner told Congress on Thursday that European growth was trailing that of emerging-market countries and the United States, and he said the region needed to do whatever was necessary to help its most indebted members.
"It is important that European leaders continue to make clear that they will do whatever is necessary to make sure that the affected countries and their banks have the financing they need to enable these programs to succeed," he said.
Berlin, with Paris' backing, wants euro-zone countries to agree to a competitiveness pact at a March 11 meeting in Brussels in exchange for boosting the scope and capacity of an emergency fund for bailing out countries cut off from the markets.
Berlin wants other members to pass legislation like its own limiting the size of their debts before the so-called Emergency Financial Stability Facility is expanded, an idea that some, like debt-laden Greece, oppose.
Financial markets are watching the EU drama closely, particularly Germany's reluctance to pour more money into a fund and the surprise announcement this week by the European Central Bank that it may raise interest rates this spring. That has heightened anxiety about Europe's ability to contribute to the global recovery.
Geithner estimated on Thursday that growth in Europe and Japan this year would be only about 1.5 percent, compared with 6.5 percent in emerging-market countries and with U.S. growth somewhere between those two ranges.
Geithner will make stops in Frankfurt -- the home of the European Central Bank -- as well as in Berlin where he is expected to hold talks with his counterpart, Finance Minister Wolfgang Schaeuble.
There is plenty for the two finance chiefs to talk about, including the potential impact of soaring oil prices stemming from spreading fighting in Libya as well as unrest elsewhere in Northern Africa and the Middle East.
The Treasury said Geithner would discuss global efforts to impose sanctions applying maximum pressure on the Gaddafi government in Libya as well as a long-standing sanctions program against Iran.
The Obama administration has played down the potential impact of soaring oil prices on the global recovery, saying that production capacity is ample and that rich nations have strategic reserves of oil they can tap if necessary.
Geithner's visit to Germany came as a surprise. He was in Europe only two weeks ago attending a Feb. 18-19 Group of 20 meeting in Paris with German officials among others.
****
Buone notizie ...
Fri Mar 4, 2011 3:29pm EST
* Visit comes days ahead of key Brussels EU meeting
* Libya, Iran on agenda for quick trip
* Oil prices not troubling for recovery yet in U.S. view (Recasts first paragraph, adds background)
By Glenn Somerville
WASHINGTON, March 4 (Reuters) - U.S. Treasury Secretary Timothy Geithner will make a quick trip to Germany on Tuesday for economic talks, days ahead of a key European Union summit about beefing up a rescue fund for debt-strapped bloc members.
Treasury said the one-day trip was "to discuss the global economic outlook and progress on international financial reform" as well as events in Libya and Iran. The department would not provide any further details.
Geithner told Congress on Thursday that European growth was trailing that of emerging-market countries and the United States, and he said the region needed to do whatever was necessary to help its most indebted members.
"It is important that European leaders continue to make clear that they will do whatever is necessary to make sure that the affected countries and their banks have the financing they need to enable these programs to succeed," he said.
Berlin, with Paris' backing, wants euro-zone countries to agree to a competitiveness pact at a March 11 meeting in Brussels in exchange for boosting the scope and capacity of an emergency fund for bailing out countries cut off from the markets.
Berlin wants other members to pass legislation like its own limiting the size of their debts before the so-called Emergency Financial Stability Facility is expanded, an idea that some, like debt-laden Greece, oppose.
Financial markets are watching the EU drama closely, particularly Germany's reluctance to pour more money into a fund and the surprise announcement this week by the European Central Bank that it may raise interest rates this spring. That has heightened anxiety about Europe's ability to contribute to the global recovery.
Geithner estimated on Thursday that growth in Europe and Japan this year would be only about 1.5 percent, compared with 6.5 percent in emerging-market countries and with U.S. growth somewhere between those two ranges.
Geithner will make stops in Frankfurt -- the home of the European Central Bank -- as well as in Berlin where he is expected to hold talks with his counterpart, Finance Minister Wolfgang Schaeuble.
There is plenty for the two finance chiefs to talk about, including the potential impact of soaring oil prices stemming from spreading fighting in Libya as well as unrest elsewhere in Northern Africa and the Middle East.
The Treasury said Geithner would discuss global efforts to impose sanctions applying maximum pressure on the Gaddafi government in Libya as well as a long-standing sanctions program against Iran.
The Obama administration has played down the potential impact of soaring oil prices on the global recovery, saying that production capacity is ample and that rich nations have strategic reserves of oil they can tap if necessary.
Geithner's visit to Germany came as a surprise. He was in Europe only two weeks ago attending a Feb. 18-19 Group of 20 meeting in Paris with German officials among others.
****
Buone notizie ...
g.ln
Triplo Panico: comprare
portare i titoli a 100?? e cosa direbbe Gaudente!
Ciao Maratoneta, intanto i tuoi gain dimostrano che in Grecia si può guadagnare..
.. e poi, con la tripla pazienza, molte cose diventano possibili, anche portarli a 100 
.
Buonanotte agli amici coraggiosi, Giuseppe
Ciao Maratoneta, intanto i tuoi gain dimostrano che in Grecia si può guadagnare..
.. e poi, con la tripla pazienza, molte cose diventano possibili, anche portarli a 100 .Buonanotte agli amici coraggiosi, Giuseppe
tommy271
Forumer storico
Parallel summits highlight EU's north-south division
English.news.cn 2011-03-05 14:22:51
BRUSSELS, March 4 (Xinhua) -- European Union (EU) leaders separated into two parallel summits Friday, marking a widened north-south split in the 27-nation bloc in response to the devastating sovereign debt crisis.
Leaders of the center-left Party of European Socialists, including the debt-mired Greece, Portugal and Spain, met in Athens while conservative heads of government, including German Chancellor Angela Merkel, convened in Helsinki to chart out their response to the crisis.
The parallel summits were to prepare for an extraordinary EU meeting on March 11 and a March 25 summit of all EU leaders, when final decisions will be taken on the rescue mechanism for the eurozone.
The European sovereign debt crisis struck Greece in early 2010, later engulfed Ireland and is now threatening Spain and Portugal, amounting to the largest crisis since the single currency came into being in 1999.
While a "grand bargaining" looked inevitable, a north-south divide has begun to emerge over the exact means to contain the crisis and make the euro crisis-proof.
Estonian President Toomas Hendrik Ilves summed up the split last month: "The recent economic crisis has changed the geographical self-identification of the European economy, with the old dividing lines between East and West -- so-called 'new Europe' and 'old Europe' -- fading and being replaced by new lines between north and south Europe."
"The talk is not just of sustainable fiscal policies and responsible economic policy, but more broadly about the competitiveness of economies and also different attitudes towards the transparency of the economy and market economy as such," said Ilves, whose country joined the eurozone this year.
The sovereign debt crisis came as a wake-up call for many southern EU countries such as Greece and Portugal, which have over the years either lost their competitive edge in the global economy or have spent beyond their means. Their northern neighbors, such as Germany, have performed far better after pushing ahead with painful reforms.
Analysts say the competitiveness gap within the eurozone was one reason for the crisis, and the gap is likely to worsen as the southern countries experience economic contraction as a result of the debt crisis and austerity measures, while the north embarked on robust recovery.
In the comprehensive anti-crisis package to be finalized in late March, Germany will seek fundamental changes to the economic governance in the eurozone to prevent southern countries from running excessive deficits and to reduce the competitiveness gap.
Berlin, joined by Paris, proposed a "competitiveness pact" last month, calling for closer economic and fiscal coordination between the 17 EU countries that share the euro.
But the proposed measures, such as tax harmonization and abolition of automatic inflation-linked wage increases, raised hackles in the EU's southern territory and even within northern states.
Meanwhile, the southern countries are pushing for easier terms on the EU's financial loans and more firepower for the eurozone bailout fund, the European Financial Stability Facility (EFSF).
Germany, the EU's main paymaster, has been reluctant to put up more money to help the less disciplined countries. It has so far made no commitment to boost the lending capacity of the EFSF or make the use of the bailout fund more flexible.
Analysts warned the following weeks would be critical for the EU countries to overcome the sovereign debt crisis, but they have to first bridge the north-south division.
Related:
European socialist parties meet in Athens
ATHENS, March 4 (Xinhua) -- A two-day European socialist parties' meeting opened Friday in Athens with a plea that bold decisions to calm down markets should be made during the upcoming European Union (EU) summit later this month.
"We need to reach a comprehensive bold common policy to calm down markets. Otherwise, Europe will face further pressure," said Greek Prime Minister George Papandreou during a press conference prior to the opening dinner of the European socialist parties summit Friday evening. Full story
EU center-right leaders meet in Helsinki
HELSINKI, March 4 (Xinhua) -- A special summit of center-right EU leaders of the European People's Party (EPP) was held in Helsinki, the capital of Finland on Friday evening, preparing for the Eurozone Summit on March 11.
A dozen center-right leaders from eurozone countries, including German Chancellor Angela Merkel, Italian Prime Minister Silvio Berlusconi as well as Enda Kenny, Ireland's prime minister-elect, attended the meeting. In addition, European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy were present at the meeting.
(Agenzia Nuova Cina)
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