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Ma il pulsante cancella nel programma del tuo TOL non ci sta ?
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (10 lettori)
- Creatore Discussione Imark
- Data di Inizio
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tommy271
Forumer storico
Geithner Urges 'Balance' in Europe's Crisis Strategy
Tuesday, 08 Mar 2011 12:04 PM
U.S. Treasury Secretary Timothy Geithner urged Europe on Tuesday to strike a balance between tough fiscal reforms and financial support for troubled member states ahead of two crucial EU summits to resolve the bloc's debt crisis.
Geithner was on an unusual one-day visit to Germany which was announced only late last week, fuelling speculation Washington is concerned about Europe's ability to seal a robust new package of anti-crisis measures at the summits on March 11 and March 24-25.
Germany is resisting pressure from some of its euro zone partners, the European Commission and the European Central Bank to give the bloc's rescue fund new powers and alleviate the cost for Greece and Ireland of their bailouts.
Geithner told a news conference after talks with German Finance Minister Wolfgang Schaeuble that he was convinced European authorities "understand what it's going to take" to deal with the crisis.
But he also stressed several times that they should strike "the right balance" between support for reform programs and the financial support needed to make them work.
Geithner described the reforms being implemented by Greece, Ireland and other euro zone states as "incredibly difficult" and said that in order for them to work, they needed to be supported by "carefully designed conditional financial assistance."
On Monday, ratings agency Moody's slashed its credit rating for Greece on fears the country's efforts to cut its debt will be insufficient, raising pressure on EU leaders to ease the repayment terms on loans to Athens to avert a default.
Ireland's incoming government has also pleaded with its euro zone partners for an easing of the terms on the bailout Dublin sealed in late 2010, but has been told there will be "no free lunches."
ACTIVE LOBBYING
Both Geithner and U.S. President Barack Obama lobbied European leaders vigorously last year in the run-up to a landmark summit at which they agreed to set up a new rescue mechanism for troubled euro states, known as the European Financial Stability Fund (EFSF).
Washington may be doing the same thing now, worried that efforts to improve the fund, ease the burden on stricken states and calm jittery markets may fall short, setting off more turbulence which could eventually ensnare the United States.
Geithner said he and Schaeuble had discussed a wide range of issues, including the outlook for the global economy, high oil prices, sanctions against Libya and Iran.
Earlier in the day, Geithner met with senior members of the European Central Bank, which signaled last week it could raise interest rates as soon as next month — in stark contrast to the U.S. Federal Reserve which is expected to keep policy ultra-loose for some time yet to support growth.
Geithner declined to comment on monetary policy when asked whether he was concerned about higher interest rates in Europe.
(Reuters.com)
***
Alla fine arriverà la telefonata di Obama ...
.
Tuesday, 08 Mar 2011 12:04 PM
U.S. Treasury Secretary Timothy Geithner urged Europe on Tuesday to strike a balance between tough fiscal reforms and financial support for troubled member states ahead of two crucial EU summits to resolve the bloc's debt crisis.
Geithner was on an unusual one-day visit to Germany which was announced only late last week, fuelling speculation Washington is concerned about Europe's ability to seal a robust new package of anti-crisis measures at the summits on March 11 and March 24-25.
Germany is resisting pressure from some of its euro zone partners, the European Commission and the European Central Bank to give the bloc's rescue fund new powers and alleviate the cost for Greece and Ireland of their bailouts.
Geithner told a news conference after talks with German Finance Minister Wolfgang Schaeuble that he was convinced European authorities "understand what it's going to take" to deal with the crisis.
But he also stressed several times that they should strike "the right balance" between support for reform programs and the financial support needed to make them work.
Geithner described the reforms being implemented by Greece, Ireland and other euro zone states as "incredibly difficult" and said that in order for them to work, they needed to be supported by "carefully designed conditional financial assistance."
On Monday, ratings agency Moody's slashed its credit rating for Greece on fears the country's efforts to cut its debt will be insufficient, raising pressure on EU leaders to ease the repayment terms on loans to Athens to avert a default.
Ireland's incoming government has also pleaded with its euro zone partners for an easing of the terms on the bailout Dublin sealed in late 2010, but has been told there will be "no free lunches."
ACTIVE LOBBYING
Both Geithner and U.S. President Barack Obama lobbied European leaders vigorously last year in the run-up to a landmark summit at which they agreed to set up a new rescue mechanism for troubled euro states, known as the European Financial Stability Fund (EFSF).
Washington may be doing the same thing now, worried that efforts to improve the fund, ease the burden on stricken states and calm jittery markets may fall short, setting off more turbulence which could eventually ensnare the United States.
Geithner said he and Schaeuble had discussed a wide range of issues, including the outlook for the global economy, high oil prices, sanctions against Libya and Iran.
Earlier in the day, Geithner met with senior members of the European Central Bank, which signaled last week it could raise interest rates as soon as next month — in stark contrast to the U.S. Federal Reserve which is expected to keep policy ultra-loose for some time yet to support growth.
Geithner declined to comment on monetary policy when asked whether he was concerned about higher interest rates in Europe.
(Reuters.com)
***
Alla fine arriverà la telefonata di Obama ...
.
Gaudente
Forumer storico
Occhio che il 13 porta sfiga
ferdo
Utente Senior
discipline
Forumer storico
Io niente, ero veramente troppo in basso con l'ordine. Forse sarà buono domani... Sulla 19 c'è denaro, la 14 pare invece che non la voglia proprio più nessuno
IL MARATONETA
Forumer storico
Spendi parecchio... magari si riesce a migliorare il debito/PIL....
buon viaggio....
tommy271
Forumer storico
S&P's Kraemer: Can't Say Greek Default Probability Negligible
LONDON (MNI) - The probability of a Greek default is not negligible and it is too optimistic to assume the upcoming European Council meeting will be a great leap forward in tackling the peripheral eurozone debt crisis, according to a top Standard and Poor's official.
Moritz Kraemer, Managing Director and Lead Analytical Manager for Sovereign Ratings, Europe, Middle East and Africa at credit ratings agency Standard and Poor's, said the eurozone peripheral countries' problems varied, and he highlighted problems in Greece.
On Greece, Kraemer said "I cannot stand up here and say the probility of default is negligible, I cannot do that and I wouldn't."
He acknowledged the steps taken by the Greek government, but also talked about what would happen in the event of a Greek default.
"We've said publically that we believe that if Greece were to default ... that recovery for Greek bondholders, in our opinion, would come in between 30-50%, so a haircut of more than 50%," he said.
"The contagion would be much worse than we have seen in any Latin area," he added.
Kraemer said there were signs of "EMU fatigue" among member states but "We're not as terminally gloomy as many market participants are."
He said eurozone "policymakers are facing the challenge of addresing this and turning it around, having a credible, unified voice and planning is critical."
Kraemer also said that he did not expect the upcoming meeting of the European Council to come up with a solution that significantly calms the ongoing sovereign debt crisis.
"There is a lot of talk about this upcoming European Council meeting that this will be the great leap forward, but that's hoping too much, focussing on the political reality, that's very unlikely to happen," he said.
He highlighted the differences between the eurozone peripheral states.
"I would say that there's lots of shades of grey here. There is lots of temptation to throw everything into the same basket," Kraemer said.
"The speed at which Ireland has adjusted is very encouraging," Kraemer added.
(imarketnews.com)
***
Altro analista.
Se fosse così semplice, senza nessuna ripercussione, il taglio del 50/70% perchè non è stato fatto sinora?
Sono argomenti molto deboli quelli portati dai "pessimisti", credere che con il default si risolvano i problemi ...
LONDON (MNI) - The probability of a Greek default is not negligible and it is too optimistic to assume the upcoming European Council meeting will be a great leap forward in tackling the peripheral eurozone debt crisis, according to a top Standard and Poor's official.
Moritz Kraemer, Managing Director and Lead Analytical Manager for Sovereign Ratings, Europe, Middle East and Africa at credit ratings agency Standard and Poor's, said the eurozone peripheral countries' problems varied, and he highlighted problems in Greece.
On Greece, Kraemer said "I cannot stand up here and say the probility of default is negligible, I cannot do that and I wouldn't."
He acknowledged the steps taken by the Greek government, but also talked about what would happen in the event of a Greek default.
"We've said publically that we believe that if Greece were to default ... that recovery for Greek bondholders, in our opinion, would come in between 30-50%, so a haircut of more than 50%," he said.
"The contagion would be much worse than we have seen in any Latin area," he added.
Kraemer said there were signs of "EMU fatigue" among member states but "We're not as terminally gloomy as many market participants are."
He said eurozone "policymakers are facing the challenge of addresing this and turning it around, having a credible, unified voice and planning is critical."
Kraemer also said that he did not expect the upcoming meeting of the European Council to come up with a solution that significantly calms the ongoing sovereign debt crisis.
"There is a lot of talk about this upcoming European Council meeting that this will be the great leap forward, but that's hoping too much, focussing on the political reality, that's very unlikely to happen," he said.
He highlighted the differences between the eurozone peripheral states.
"I would say that there's lots of shades of grey here. There is lots of temptation to throw everything into the same basket," Kraemer said.
"The speed at which Ireland has adjusted is very encouraging," Kraemer added.
(imarketnews.com)
***
Altro analista.
Se fosse così semplice, senza nessuna ripercussione, il taglio del 50/70% perchè non è stato fatto sinora?
Sono argomenti molto deboli quelli portati dai "pessimisti", credere che con il default si risolvano i problemi ...
IL MARATONETA
Forumer storico
Il nostro cannoniere, sempre pronto e micidiale.....
IL MARATONETA
Forumer storico
Si, in effetti gli avvoltoi non mancano mai......
IL MARATONETA
Forumer storico
Grande Ferdo, chi non risica non rosica.....
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