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

[tommy271]

Banche centrali unite in lotta contro inflazione - Trichet a Bri

lunedì 7 marzo 2011 14:32






BASILEA, 7 marzo (Reuters) - Le banche centrali di tutto il mondo sono unite nel cercare di dare un ancoraggio alle aspettative future di inflazione, anche se ciò non significa che tutte si debbano muovere esattamente alla stessa maniera.
A dirlo è il presidente della Bce Jean-Claude Trichet nella sua veste di presidente della Banca per i regolamenti internazionali (Bri), sottolineando come le pressioni inflazionistiche siano state rafforzate dal recente rialzo dei prezzi petroliferie e come l'economia globale sia instradata su un percorso di crescita relativamente robusta.
"La crescita è molto rapida (nelle economie emergenti) e (il surriscaldamento) è una minaccia. La minaccia dell'inflazione è particolarmente visibile nelle economie emergenti" ha affermato Trichet. "Siamo in un contesto che ha visto un picco dei prezzi petroliferi e delle materie prime, più acuto proprio nei tempi recenti".
Nell'ultimo meeting di giovedì scorso la Bce è intervenuta assumendo posizioni anti-inflazionistiche molto chiare, preannunciando un possibile rialzo dei tassi già il mese prossimo, mentre la Federal Reserve sembra indiirzzata a mantenere ancora un'impostazione espansiva.
"C'è unità d'intenti è ciò si cristallizza nell'obiettivo di dare un solido ancoraggio alle aspettative d'inflazione" ha affermato Trichet dopo l'incontro odierno della Bri. "Siamo tutti impegnati a continuare ad ancorare in maniera solida le apsettative inflazionistiche, il che non vuol dire che prendiamo le stesse decisioni".

 

[tommy271]

Eu's rehn: We must also look at loan maturities to take countries beyond 2014-2015 funding crunch



14:40-07/03

EU's Rehn:There is a case to reduce Greek, Irish rates


LUXEMBOURG, March 7 | Mon Mar 7, 2011 8:47am EST



LUXEMBOURG, March 7 (Reuters) - The most pressing issue for Greece and Ireland is debt sustainability and there is therefore a case for lowering the interest rate on their bailout loans, the EU's monetary affairs commissioner said on Monday.
"The issue now and tomorrow is debt sustainability and therefore I can see that there is a case to reduce the interest rates paid by Greece and Ireland," Olli Rehn told reporters after an event in Luxembourg.
"In that context, it is important that we also look at loan maturities so that we can go beyond the hump of 2014 and 2015 and that also contributes to debt sustainability," he said.
Ireland has said the average of about 5.8 percent that it is currently paying on about 40 billion euros of EU loans granted last November is punitive and is pushing to have the rate reduced. Germany is reluctant to agree to a reduction.

 

[tommy271]

Nel primo pomeriggio sul fronte degli spread la situazione è invariata: siamo intorno ai 906 pb.
Dopo il rimbalzo tecnico di giovedì, chiuso a 874 pb, i nostri hanno mostrato debolezza e scarsa reattività chiudendo poi la settimana a 900 pb.

 

[frmaoro]

IMM Buy MOT HELLENIC 19 6.5 EUR 10000 66,2 07/03/11 15:09:26 0

 

[tommy271]

Update-2: EU Rehn: Shld Lower Lending Rates To Greece,Ireland



FRANKFURT (MNI) - The European Union should lower interest rates on loans to Greece and Ireland and double Greece's repayment period, in the view of EU Monetary Affairs Commissioner Olli Rehn.
In an interview published Monday by the German business daily Handelsblatt, Rehn reminded EU leaders that the markets are looking for "a definitive answer to the debt crisis" to emerge from their summits this month.
"If we disappoint market expectations, it could be costly for us," he warned. The turbulence on financial markets "is continuing. We are not out of the woods yet."
Rehn's comments were accompanied Monday by a stark reminder: Moody's downgraded Greece's sovereign debt to B1 from BA1, citing the country's difficulty in collecting tax revenue; the long, hard road it faces in implementing its consolidation and reform package; and the risk of a sovereign default.
"The government leaders must commit to strict budget consolidation and growth-enhancing reforms, especially for labor markets," Rehn said. "They must also decide that all wobbly banks will be restructured and recapitalized. In addition, they must strengthen the euro rescue package."
The new Irish government must stick to the savings and reform program agreed with the Eurozone and the IMF -- "without modification," Rehn insisted. "However, we must also ensure that Ireland can repay its debt over time."
"The Eurozone should lower the borrowing rates for Greece and Ireland," he argued. "In addition, the duration of loans for Greece should be extended from three and a half years to seven."
The commissioner reiterated his opposition to haircuts on debts of the two countries, warning that this could force banks to write off billions in loans and lead to "dramatic" losses for sovereign debt of other Eurozone countries.
He urged the German parliament to rethink its opposition to allowing the European Financial Stability Facility (EFSF) to buy back government bonds, citing the "great risks" that several Eurozone governments are facing and the eventual fallout for Germany.
Klaus-Peter Flosbach, the parliamentary financial speaker of Chancellor Angela Merkel's CDU/CSU bloc, told the online edition of Handelsblatt today that the EFSF mandate should not be broadened.
"I think it would be wrong to widen the authority of the crisis mechanism and thereby shift the risks from an unsound economic policy ever more to the taxpayer," Flosbach was quoted as saying.
Rehn said wage policies must be a central element of the Eurozone reform package, and he proposed unit labor costs as key barometer for competitiveness. He favored decentralized wage negotiations based on the productivity of individual companies.
Rehn also noted growing determination to harmonize tax policy throughout the Eurozone and said the Commission this month would propose a yardstick for unified corporate taxes.
At the same time, he warned against forcing Dublin to hike corporate taxes: "We must avoid all risks for the Irish economy."
In a separate interview with the French business daily Les Echos, EU Taxation Commissioner Algirdas Semata explained that the Commission would propose a single corporate tax base for the EU and that business activity be taxed at the level of existing rates in each member country.
The distribution of a firm's activity across the EU would be determined for one third each according to turnover, capital and assets, and staff and salaries, he said. "These factors are closely linked to profits; they are clear and easy to calculate."
"The great majority of firms are favorable to our proposition, especially since it should help attract more foreign investment to Europe," Semeta said, adding that if there were no full accord among all 27 EU states, a smaller group could initially proceed with the harmonization of the tax base.



***
La posizione di Rehn e della Commissione Europea.

 

[tommy271]

Shrove Monday celebrated throughout Greece




(ΑΝΑ-ΜPA) -- “Shrove Monday”, better known in Greece as “Clean Monday”, was celebrated throughout the east Mediterranean country on Monday, March 7, 2011.
The religious holiday marks the first day of the “Great Lent”, and is often considered as the unofficial beginning of spring, although frigid temperatures and snow in most of the north of Greece dampened any hopes of an early spring.
Family picnics replete with Lenten meals, kite-flying and an array of local traditions and feasts take place throughout Greece and Cyprus.

(ana.gr)

***
La festività di oggi, in Grecia.

 

[Jessica.]

Lunedì 07 Marzo 2011 14:56 Raggiunta la soglia di 1040 punti per il Cds della Grecia. Il peggioramento odierno, ricordiamo, e' dovuto al downgrade di Moody's

fonte CMA | Bringing clarity to OTC markets

 

[LUP1051]

E' un'illusione credere che il "problema Grecia" si possa risolvere chiudendo il rubinetto agli ellenici.
Il mercato passerebbe a chiedere il conto a Irlanda e Portogallo.
Il mesetto successivo alla Spagna, poi all'Italia e al Belgio.

Senza calcolare le ripercussioni sulle banche francesi e tedesche ... sarebbe il crollo dell'Euro.
Ma questo, non lo vuole nessuno.

E' il " disclaimer" che ci ha convinto prima ad acquistare e successivamente a rimanere sui titoli............

 

[frmaoro]

ESEG Buy MOT GREECE 18 4.6 EUR 4000 62,51 07/03/11 12:13:34 4000 62,51

 

[frmaoro]

ESEG Buy MOT GREECE 18 4.6 EUR 4000 62,21 07/03/11 12:01:59 4000 62,21