Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1

Stato
Chiusa ad ulteriori risposte.
Praet: Greece Should Be Given Time



ECB executive board nominee Peter Praet said Wednesday that he thought Greece wouldn΄t need to default on its debt.

Greece should be given time to sort out its finances before talk of any debt restructuring, which would have serious consequences, Praet said.

He added that the measures being put in place by the Greek government would help the economy start growing again.

"Some say the negative externalities would be limited. Some have a different judgment, and that is my point of view," Praet stated.

"I think we have a very strong program," he said at a hearing on his nomination at the European Parliament. "You have to give a chance to this programme in Greece. It΄s very tough but the country is very committed."


(capital.gr)
 
PM: Solution is in our hands



(ANA-MPA)-Prime minister George Papandreou briefed parliament on Wednesday on the outcome of last Friday's informal eurogroup and extraordinary EU summits in Brussels, which decided an extension of Greece's 110 billion euro EU/IMF loan repayment period and reduction of the interest rate, stressing that it was a very tough negotiation but the government achieved what it had said it would try to.

In the briefing, taking place at Papandreou's initiative, the premier warned that Greece has much ahead of it to do, following the informal summit.

"The solution is in the hands of all of us, with the big changes we have commenced and others that are still ahead of us to do," he said, adding that the changes will affect privileges and long-standing established rationales and practices, while also calling on the opposition parties to submit "creative proposals" so as "to give to our children a Greece without debts".

Stressing that "we achieved what we fought for", Papandreou said that, following the summit, "the road, the path, becomes easier, given that the systematic daily changes that bear fruit are being made".

"Step by step we will bring growth and new jobs to our country. We will gradually reduce the debt, which we must not leave to our children,"
the premier added.

(ana.gr)
 
Ultima modifica:
Greek Property Sale Offers Investment Opportunity, Chamber Says

By Eleni Chrepa - Mar 16, 2011 2:44 PM GMT+0100


Wed Mar 16 13:44:47 GMT 2011
The Greek government’s sale of state assets and real estate represents a long-term opportunity for international investors partly because of the country’s attraction as a tourist resort, said Constantinos Michalos, President of the Athens Chamber of Commerce & Industry.
The government will outline a plan to raise 50 billion euros ($70 billion) in state asset sales and real estate ventures by the end of the month, the Greek Finance Ministry announced on March 13.
Greece continues to have geostrategic advantages as well as offering investment opportunities,” Michalos said at a conference in Athens today organized by the Greek-Russian Chamber of Commerce.
Russian investors may be especially attracted by the sale of real estate that will enable hotel complexes and theme parks to be expanded, he said.



(Bloomberg)
 
The government is economy's problem






(ANA-MPA)-Main opposition New Democracy (ND) leader Antonis Samaras launched a scathing attack on the government during a briefing by prime minister George Papandreou on the outcome of last week's EU summit, accusing the premier and government of themselves being the problem of the country's economy, and reiterating that the only solution is a change of the Memorandum conditions and turn towards growth.

He said that the government should not be celebrating, because everything won, which indeed are a relief, had been decided ahead of the summit, while the policy being followed by the government paves the way for consecutive new Memorandums so as to perpetuate Greece's dependence.

"You are the problem, that's why you can't find a solution, which is growth," Samaras said, addressing himself to the prime minister and the government".

(ana.gr)

***
Opposizione.
 
Greece still planning bond market return in 2011, but may need new EU support mechanism




ATHENS, Greece (AP) - Greek Finance Minister George Papaconstantinou says his heavily indebted country still plans to return to bond markets this year but could use a newly-expanded European assistance program in 2012 if it fails to do so.
European Union leaders at the weekend agreed to improve the terms of Greece's bailout loans, totaling euro110 billion ($153.5 billion) through 2013, and allow a new financial rescue fund to buy bonds directly from struggling eurozone countries in exceptional circumstances.
Papaconstantinou told parliament Wednesday that Greece needs to borrow euro66 billion ($92.1 billion) in 2012 and would need to raise euro27 billion ($37.7 billion) through bond sales, on the market or with EU help.


(Associated Presse)
 
Ultima modifica:
La Borsa chiude oggi a 1611 punti con + 1,3%. Alti volumi di scambio a 130 MLN.
Lo spread è risalito da 939 pb agli attuali 943 pb, nel range di oscillazione di ieri.
 
Greek Stocks Up But Off Day Highs



Athens Stocks ended on positive grounds on Wednesday, however far off intraday high, while increased volatility remained the market’s key characteristic.

The Greek market verified its intension to differentiate from the course of foreign indices, however the upward surge due to the positive resolutions of the European Summit have been affected by the crisis in Japan, according to analysts.

They note that high volatility is expected to remain the main feature of the following trading sessions.

The European Summit decisions are no panacea to solve Greece’s financial problems, said Merit Securities. A drastic solution requires more issues to be resolved in the Summit in March 25, it added.


Greek side would like to discuss the issue of repurchase of Greek government bonds by the European Financial Stability Facility, but faced the opposition of Germany, according to Merit.


That resulted in an upward momentum which was challenged shortly on 9/3. The rise lasted only two days due to the heavy pressures caused by the disaster in Japan.

Across the board, the General Index ended at 1611.09 units, up 1.3%, moving in green throughout the trading session with intraday gains of 3.06%.

Approximately 30.17 million units, worth EUR 131.05mn were traded on Wednesday, while a total amount of 112 shares rose, 45 declined and 126 remained unchanged.

Banks’ profits were 1.47%, at 1385.83 units. Proton Bank, Alpha Bank and Attica Bank rose by 3.7%, 3.66% and 2.83% respectively, while Eurobank, Piraeus Bank and National Bank gained 2.06%, 1.99% and 1.47% respectively. On the other hand, Bank of Cyprus declined by 1.08%

Across FTSE20, MIG, Viohalco and OPAP rose by 3.53%, 2.44% and 2.13% respectively.


(capital.gr)
 
Borsa atene: Ase chiude a +1,3%, bene bancari


MILANO (MF-DJ)--L'indice Ase della Borsa di Atene chiude la seduta in rialzo dell'1,3% a quota 1.611,09 punti con un volume di scambi di 130,98 mln euro in scia a una propensione all'acquisto.
Tra i bancari Nbg guadagna l'1,5%, Alpha il 3,7% ed Eurobank il 2,1%
 
IMF: Greater Emphasis On Underlying Reforms Needed In Greece



LONDON (Dow Jones)--Greece will need to put greater emphasis on underlying reforms and a medium-term budget strategy should be completed by May in order to put the country's fiscal adjustment on a firmer foundation, the International Monetary Fund said Wednesday.
The IMF said it had completed a third review of Greece's economic performance under the debt-laden country's EUR110 billion three-year loan program that allowed for the immediate disbursement of a further EUR4.1 billion of the funds.
The country had made further progress towards the objectives of the loan program, but some major reforms still need to be implemented to build the critical mass necessary to underpin fiscal and economic recovery, it said.
"While the 2010 fiscal target was met, the strategy of under-executing the state budget to offset revenue shortfalls and overspending at subnational levels cannot be sustained," John Lipsky, IMF First Deputy Managing Director, said in a statement.
To help put the fiscal adjustment on a firmer foundation, it will be important to complete a medium-term budget strategy by May, he said.
"Implementation should begin during 2011 to address a projected budget gap," he said. "In parallel, the government should redouble efforts to combat tax evasion and control spending, especially at the local government level."
 
Stato
Chiusa ad ulteriori risposte.

Users who are viewing this thread

Back
Alto