Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (5 lettori)

[g.ln]

catastrofico, ma simpatico

Solo l'antipasto...il piatto forte deve ancora arrivare

certo che Gaudente e anche simpatico, oltre che catastrofico. Qualche sorriso l'ho strappa: questa è la fase che sembra dargli ragione, ripeto sembra .
Ciao, ciao, Giuseppe

 

[frmaoro]

ESEG Buy MOT GREECE 18 4.6 EUR 5000 61,05 10/03/11 14:38:37 5000 61,05

 

[tommy271]

Greece asks EU to take urgent steps on rating agencies





ATHENS | Thu Mar 10, 2011 1:32pm GMT





ATHENS (Reuters) - Greece on Thursday asked EU and ECB leaders to urgently address problems created by rating agencies for countries struggling with debt crises, just days after Moody's downgraded Athens by three notches.
Such "unjustified" moves by rating agencies can hinder Greece and other troubled countries from regaining access to financial markets, the finance minister said in a letter to Eurogroup chairman Jean-Claude Juncker, EU monetary affairs commissioner Olli Rehn, EU's financial services chief Michel Barnier and ECB President Jean-Claude Trichet.
"Rating agencies must be regulated effectively at a European and world level," George Papaconstantinou said in the letter, which was released by the Finance Ministry. "This is an issue that must be dealt with urgently by eurogroup and ecofin."
On Monday, Moody's slashed Greece's credit rating by three notches citing an increased default risk, increasing pressure on euro zone leaders to ease repayment terms on bailout loans to Athens.
Greek debt was downgraded to B1 from Ba1 -- lower than Egypt -- raising the price of insuring Greek, Spanish and Portuguese debt against default and Greek bond spreads over German bunds.
The government issued an angry protest, saying reports by the EU and IMF, which have extended Greece a 110 billion euro bailout, have been positive on progress.
"Such unjustified and imbalanced decisions could become self-fulfilling prophecies," Papaconstantinou said. "They can hinder the course of Greece and other countries in a similar position as we try to regain access to international markets."
Moody's, the first of the three main rating agencies to cut Greece so low, said risks stemmed from a revenue shortfall and slow reforms of healthcare and state-owned companies.
Papaconstantinou said Moody's downgrade revealed the "distorted incentives and lack of accountability" on the part of rating agencies and slammed them for missing the signs of the 2008 financial crisis.

 

[lupolupo]

nel caso di un haircut, è possibile che vengano coinvolti solo i titoli a breve tipo 2011-2015? d'altra parte saranno circa l'80-90% del totale dei bond in circolazione. Le scadenze 2025 ed oltre potrebbero restare intonse?

 

[tommy271]

Berlin plays down chances of euro breakthrough






Thu Mar 10, 2011 8:32am EST



* Berlin opposes secondary bond market buys by rescue fund
* Says Friday summit will not decide boost to EFSF
* Germany leaves door open to primary market bond purchases


BERLIN, March 10 (Reuters) - Germany played down the chances of sealing a debt crisis breakthrough at a euro zone summit on Friday and made clear it opposed allowing the bloc's rescue fund to buy the bonds of troubled states on the secondary market.
Leaders from the 17-nation euro area meet in Brussels on Friday to discuss new measures to fight a crisis that has deepened in recent days, with both Greece and Spain suffering ratings downgrades that have weighed on the single currency.
This week's summit comes two weeks before a March 24-25 meeting at which EU leaders have promised to unveil a comprehensive new package of anti-crisis steps.
The euro zone remains divided on how to proceed, with Germany and a handful of allies including Finland and Netherlands reluctant to bow to calls to alleviate the burden on crisis-hit countries like Greece and Ireland.
A day before the summit, a senior German official told reporters that focus of Friday's meeting would be the "competitiveness pact" that Berlin and Paris proposed last month, saying no decisions would be taken on boosting the bloc's rescue fund, the European Financial Stability Facility (EFSF).
"The German government does not believe it is the right time to discuss this," the official said, requesting anonymity.
He also said Berlin opposed using the EFSF or its planned successor fund, the European Stability Mechanism (ESM), to buy the bonds of troubled member states on the secondary market or lend to them so they can repurchase their own debt.
"We are not in favour of the buying of bonds on the secondary market," the official said, making clear he was referring to both direct and indirect purchases.
The official left open the door, however, to primary market bond buys, which would presumably involve using the fund to buy debt in auctions.
Asked about market turbulence following the downgrades of Greece and Spain, the official played down the need for urgent action, reiterating that member states would unveil their wider package later this month.


***
Intorno alle questione del EFSF escono sempre nuove proposte ... ora quello di intervenire direttamente nelle aste per sottoscrivere il debito.
Le Vie del Signore sono proprio infinite ...

 

[tommy271]

nel caso di un haircut, è possibile che vengano coinvolti solo i titoli a breve tipo 2011-2015? d'altra parte saranno circa l'80-90% del totale dei bond in circolazione. Le scadenze 2025 ed oltre potrebbero restare intonse?

Anche questa è un'opzione.
Come sappiamo la "gobba" dei rimborsi è sulle prossime scadenze sino al 2015.
A partire dal 2014 dovrebbero partire anche i rimborsi alla troika, il periodo "critico" è quello.

Potrebbero, dunque, far slittare proprio le scadenze entro i 5 anni e spostarle di qualche annetto più avanti (sono queste le scadenze che hanno perso di più negli ultimi giorni).

Ma sono i soliti discorsi, la solita accademia ... niente di tutto questo è sul tavolo delle discussioni.
Sappiamo unicamente della richiesta di diluizione a sette anni dei rimborsi sulla troika (accettati al 90%), sappiamo della richiesta di abbassamento dei tassi da pagare (questo quasi sicuro, ma se ne parlerà il 25) e sul ruolo fondamentale del EFSF, qui i giochi e le proposte sono ancora aperti.

Per il resto ... haircut, default ecc. sono solo ipotesi non suffragate da nessuna dichiarazione ufficiale. Anzi sono sempre tutti pronti a respingere l'idea (e forse è questo che lascia il dubbio ).

Buy-back e Piano Brady sono anch'esse proposte operative per ridurre il deficit/Pil ellenico e riportarlo entro limiti sostenibili.
Anche queste rimangono "accademia" pur essendo ipotesi più realistiche rispetto al default.

 

[frmaoro]

merkel escude restrutturazione debito greco
news cnbc

 

[discipline]

Curioso che sulla 2019 6% (dove m'hanno beccato in denaro stamattina tra l'altro) sono apparsi degli ordini in denaro da 148k, pari circa a 100k reali di controvalore

 

[Ivone]

merkel escude restrutturazione debito greco

Chi te l'ha detto?

 

[amorgos34]

Chi te l'ha detto?

Grecia: Merkel, Diamogli 3 Anni Per Rimborso Prestiti Ue - Yahoo! Finanza



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