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Air China to begin Greek flights in May

Air China will in May begin flights from Beijing to Athens, Greek officials said on Thursday, with the debt-hit eurozone country eager to tap tourism income from the vast Chinese market.

"In early May, Air China will begin flights from Beijing to Athens via Munich," Deputy Foreign Minister Spyros Kouvelis said after a meeting with his Chinese counterpart Fu Ying.

Greece, grappling with massive debt of over 300 billion euros ($425 billion), is trying to shore up its finances by boosting a tourism industry which accounts for nearly a fifth of its economy.

Fu noted that out of 60 million Chinese who travelled abroad in 2010, only 10,000 came to Greece. "Our two countries are working to simplify tourist visas to Greece," Kouvelis said.

Fu was in Athens to deliver a letter of thanks from Chinese Prime Minister Wen Jiabao to his counterpart George Papandreou for Greek assistance in evacuating over 13,000 Chinese workers from conflict-torn Libya via Crete.

Over 36,000 Chinese overall were pulled out of Libya, making their way home through Greece, Malta and other countries.

"This enormous operation would not have happened without Greek help," Fu said, adding: "It is in difficult circumstances where true friends are seen."

In turn, she noted that China intended to continue its financial support of Greece, which almost defaulted last year when concerns about the state of its deficit-ridden economy sent its borrowing costs to unmanageable levels.

During a visit in October, Prime Minister Wen promised to buy Greek bonds as soon as the debt-hit country returns to the long-term money markets. "China keeps its promises," Fu said.



-AFP


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Qualcosa abbiamo visto dalla Cina, specie sullo shipping, ma ci attendiamo di andare oltre ai convenevoli di rito ... ;).
 
La Borsa di Atene ha chiuso con un + 2,18% a 1622 punti. Gli scambi però sono stati bassi a 88 MLN. Prevale l'incertezza.

I nostri spread rimangono stazionari tra i 948/950 pb.
Nulla da segnalare.

Attendiamo le dichiarazioni questa sera alla chiusura della prima giornata del Summit.
 
Forte sisma in Birmania-Thailandia-Laos


La Farnesina verifica il coinvolgimento di italiani



(ANSA) - WASHINGTON, 24 MAR - Un terremoto di magnitudo 7 ha colpito un'area fra Thailandia, Birmania e Laos. Lo riferisce l'Istituto geologico americano (USGS) sul suo sito. Il terremoto si è verificato 69 miglia a nord di Chiang Rai, nel nord della Thailandia, al confine con Birmania e Laos. Il tremito è stato sentito anche nella capitale del Vietnam, Hanoi, dove la gente è stata evacuata dagli edifici alti. La Farnesina sta verificando l'eventuale coinvolgimento di connazionali nel sisma.

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I nostri due amici che stanno a Puckett dovrebbero essere fuori zona.
 
Euro, un collasso non è 'impensabile' - Warren Buffett a Cnbc

giovedì 24 marzo 2011 16:12



NEW DELHI, 24 marzo (Reuters) - Un crollo della moneta euro non è "impensabile", se essa è oggetto di troppe tensioni.
Lo ha detto il miliardario Warren Buffett alla Tv Cnbc.
"Tensioni abbastanza forti basterebbero a farlo cadere" ha detto Buffett al canale news. "So che alcune persone pensano che sia impensabile, io non credo che sia impensabile".

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Solite tensioni pre-vertice.
 
Ultima modifica:
Borsa Atene: Ase chiude a +2,1%, bene bancari


MILANO (MF-DJ)--L'indice Ase della Borsa di Atene termina una seduta dai volumi scarsi (88,1 mln euro) in rialzo del 2,1% a quota 1622,15 punti.
"Il mercato greco ha concentrato la propria attenzione sui risultati del vertice Ue e sulla crisi politica del Portogallo e si e' mosso in scia al Dax", dichiara un analista locale.
Tra i titoli bancari Nbg guadagna il 4,4% grazie ai dati oltre le attese del 4* trimestre, Piraeus sale del 4,7% dopo aver messo a segno, nel 4* trimestre, risultati finanziari in linea con le attese, Alpha Bank progredisce del 3,3%.
In territorio positivo anche Marfin Investment Group Holdings a +7,4%
 
Greek Stocks Gain 1.78% For Week



Athens Stocks ended close to session’s high on Thursday, as the market welcomed the financial results of the Greek banks, however the turnover remained thin ahead of European Union Summit in Brussels.

Banks ended with profits of 3%, with Piraeus Bank and National Bank standing out with gains of more than 4%, while MIG topped FTSE20 with profits of 7.41% at €0.87 and Mytilineos rose also by more than 4%, at €4.8.

Folli Follie and Sidenor rose by 5.61% and 4.48% respectively, while only six General Index shares moved downwards, with Lamda Development suffering most of the pressure (-2.82%).

Trading activity was aligned to the weak pattern of recent sessions, which analysts attribute to the uncertainty about the outcome of the European Summit.

Despite volatility and thin turnovers, the performance of certain stocks –most of them public listed companies- records a course of positive differentiation, they add.

As regarding banks, the decisions of European Summit on the issue of Greek debt would provide a clearer view.

"The market is focusing on the outcome of the summit and the political crisis in Portugal and has been tracking the DAX higher," a local analyst told Dow Jones Newswires.

Across the board, the General Index ended at 1622.15 units, up 2.13%, moving on positive grounds for the biggest part of the trading session. It also recorded cumulative profits of 1.78% for week. Approximately 28.84mn units worth €88.12mn were traded on Thursday, while a total amount of 87 shares rose, 56 declined and 140 remained unchanged.

Banks, which declined by 0.71% for week, ended at 1,375.66 units, up 2.94%, posting intraday profits of 3.10%. Piraeus Bank and National Bank soared by 4.67% and 4.36% respectively, while ATEbank and Attica Bank rose by 3.8%. Hellenic Postbank and Alpha Bank gained 3.39% and 3.27% respectively, while Eurobank and Bank of Cyprus posted profits of 1.46% and 0.37% respectively.


(capital.gr)
 
Greece OKs compensation for Jewish cemetery

March 24, 2011



ATHENS, Greece (JTA) -- The Greek government will compensate the Salonika Jewish community for the destruction of its cemetery during the Nazi occupation.
An income tax bill that passed Tuesday included the more than $14 million for the community payable in five- and 10-year government bonds with interest.
The country's Socialist majority approved the measure; the liberal main opposition party and several other parties voted against it.
The opposition argued that the government should not settle a matter that is pending in the courts. The government said it was "settling the matter out of court for humanitarian reasons and because the destruction was an act of the Nazis and this wrong should be made right."
The 500-year-old cemetery was one of the oldest and largest in Europe, with more than 300,000 graves. Many of its tombs were of great historical and epigraphic interest. The earliest was dated 1493, one year after the Jewish expulsion from Spain.
On Dec. 6, 1942, the cemetery was destroyed by the Greek puppet government with connivance of the Nazi occupiers. Three months later, the transport of Salonika Jews to the Nazi death camps started.
After the war, the cemetery was expropriated by the Greek government in favor of the Aristotelian University and its campus. Though the Salonika Jewish community held titles on a large portion of the cemetery property, the university and the Greek government had refused to pay compensation.
In September 1961, the Jewish community of Salonika sued the university asking for financial compensation.
 
SPIEGEL ONLINE: Still, in the early phases of the crisis, politicians reacted every time the markets exerted enough pressure. Won't that be the case this time as well?

Feld: Not if we minimize the risk of infection. To do that, we in the financial sector must achieve a sensible consolidation. Our current problems stem from the fact that banks -- particularly those in Germany and France -- wouldn't be able to cope with a massive restructuring of state debt. That's why we are rescuing heavily indebted countries. Restructuring the banking sector is just as urgent.

Solving the Euro Crisis: 'At Some Point, People Will Speculate against Germany' - SPIEGEL ONLINE - News - International

L'opinione di un "falco".
 
SPIEGEL ONLINE: Still, in the early phases of the crisis, politicians reacted every time the markets exerted enough pressure. Won't that be the case this time as well?

Feld: Not if we minimize the risk of infection. To do that, we in the financial sector must achieve a sensible consolidation. Our current problems stem from the fact that banks -- particularly those in Germany and France -- wouldn't be able to cope with a massive restructuring of state debt. That's why we are rescuing heavily indebted countries. Restructuring the banking sector is just as urgent.

Solving the Euro Crisis: 'At Some Point, People Will Speculate against Germany' - SPIEGEL ONLINE - News - International

L'opinione di un "falco".

Questi ce lo stanno dicendo a chiare lettere da mesi.
Poi non potremo dire che non ci avevano avvertito.
A loro interessa solo mettere al sicuro le banche, aggiungerei, le loro banche nello specifico. Fatto questo se ne fregheranno di mandare in default un PIG...
Quando hai preparato il mercato per due-tre anni in realtà non accadrebbe comunque un'apocalisse come qualcuno paventa.
Basta vedere che le borse occidentali, solo due settimane dopo hanno totalmente riassorbito il terremoto Giapponese e la radioattività...;)
 
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