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tommy271
Forumer storico
Greek Independence Day at White House
(ANA-MPA) -- US President Barack Obama greets Archbishop of America Demetrios on Saturday, March 26, 2011, on the occasion of a special ceremony hosted at the White House in Washington D.C. to commemorate the 190th anniversary of the Greek War of Independence against Ottoman rule, which was celebrated on Friday, March 25, in Greece and throughout ethnic Greek communities around the world.
The contribution of Greece, the birthplace of democracy, to the founding and enrichment of the national character of the United States was stressed by Obama in a proclamation entitled "Greek Independence Day: A National Day of Celebration of Greek and American Democracy", issued on Friday.
In the proclamation, Obama also underscored the role played by the Greek American community as a bridge between the two countries and also as one of the most dynamic elements of American society.
(ana.gr)
(ANA-MPA) -- US President Barack Obama greets Archbishop of America Demetrios on Saturday, March 26, 2011, on the occasion of a special ceremony hosted at the White House in Washington D.C. to commemorate the 190th anniversary of the Greek War of Independence against Ottoman rule, which was celebrated on Friday, March 25, in Greece and throughout ethnic Greek communities around the world.
The contribution of Greece, the birthplace of democracy, to the founding and enrichment of the national character of the United States was stressed by Obama in a proclamation entitled "Greek Independence Day: A National Day of Celebration of Greek and American Democracy", issued on Friday.
In the proclamation, Obama also underscored the role played by the Greek American community as a bridge between the two countries and also as one of the most dynamic elements of American society.
(ana.gr)
tommy271
Forumer storico
Papoutsis address in NYC
NEW YORK CITY (ANA-MPA) --- Citizens' Protection Minister Christos Papoutsis emphasised the importance of cooperation between the Greek and Cypriot side with the United States, speaking here on Saturday during an address at the 39th Convention of the Cyprus Federation of America.
"Greece and Cyprus are at the forefront of developments in our region," he said, emphasising the importance of "cooperation with the United States on all levels," he said.
Papoutsis noted that there was an "enormous field" for joint action by Greece, Cyprus and the U.S. and also that Greece had recently felt strong support from the U.S. since the stance of the German government had changed after the visit of the US Secretary of the Treasury to Germany.
(ana.gr)
NEW YORK CITY (ANA-MPA) --- Citizens' Protection Minister Christos Papoutsis emphasised the importance of cooperation between the Greek and Cypriot side with the United States, speaking here on Saturday during an address at the 39th Convention of the Cyprus Federation of America.
"Greece and Cyprus are at the forefront of developments in our region," he said, emphasising the importance of "cooperation with the United States on all levels," he said.
Papoutsis noted that there was an "enormous field" for joint action by Greece, Cyprus and the U.S. and also that Greece had recently felt strong support from the U.S. since the stance of the German government had changed after the visit of the US Secretary of the Treasury to Germany.
(ana.gr)
tommy271
Forumer storico
Tension between Cosco and Piraeus Port
Problems reported in the implementation of the concession agreement between Chinese company Cosco and the Piraeus Port Authority (OLP) have led to tensions between the two parties, sources suggest, as well as the recent resignation of OLP alternate managing director Nikos Moustakis.
One of the issues pending is payment of the first installment of the annual leasing agreement with the port of Piraeus, as Cosco insists on withholding payment for the period during which employees and truck drivers were on strike.
ekathimerini.com , Sunday March 27, 2011 (21:39)
One of the issues pending is payment of the first installment of the annual leasing agreement with the port of Piraeus, as Cosco insists on withholding payment for the period during which employees and truck drivers were on strike.
ekathimerini.com , Sunday March 27, 2011 (21:39)
tommy271
Forumer storico
Investors appear cautious in local stock exchange
The rebound in the Greek bourse at the end of last week took the main index above the 1,600-point level, but turnover remained relatively low for the whole of the week, which signifies that investors are still waiting for more clear signs regarding the country’s economy before they make their move.
The Athens Exchange (ATHEX) general index closed last Thursday at 1,622.13 points, up by 1.78 percent from the previous Friday’s closing of 1,593.78 points. The bourse was closed on Friday, March 25, due to the national holiday. On most days turnover did not exceed 100 million euros.
The new week will see a number of listed companies, such as state-owned Public Power Corporation (PPC) and ATEbank, issuing their annual results for 2010, which may well affect the course of the market in the coming days.
Bourse observers say that it might make a difference to investors’ frame of mind if there is even a slender majority among the 261 listed companies to show profits for 2010.
It is no secret that many top entrepreneurs in the country have expressed fears that 2011 will see a culmination of the recession that will dry the market out. The sectors that seem to have taken a particularly bad hit in the first quarter of the year are food, minerals, coastal shipping and retailing.
ekathimerini.com , Sunday March 27, 2011 (21:28)
The rebound in the Greek bourse at the end of last week took the main index above the 1,600-point level, but turnover remained relatively low for the whole of the week, which signifies that investors are still waiting for more clear signs regarding the country’s economy before they make their move.
The Athens Exchange (ATHEX) general index closed last Thursday at 1,622.13 points, up by 1.78 percent from the previous Friday’s closing of 1,593.78 points. The bourse was closed on Friday, March 25, due to the national holiday. On most days turnover did not exceed 100 million euros.
The new week will see a number of listed companies, such as state-owned Public Power Corporation (PPC) and ATEbank, issuing their annual results for 2010, which may well affect the course of the market in the coming days.
Bourse observers say that it might make a difference to investors’ frame of mind if there is even a slender majority among the 261 listed companies to show profits for 2010.
It is no secret that many top entrepreneurs in the country have expressed fears that 2011 will see a culmination of the recession that will dry the market out. The sectors that seem to have taken a particularly bad hit in the first quarter of the year are food, minerals, coastal shipping and retailing.
ekathimerini.com , Sunday March 27, 2011 (21:28)
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stefanofabb
GAIN/Welcome
buona sera tommy.il g7 ci preserva e ci onora per ora .speriamo rimanga tale anche perchè abbiamo poco indebitamento privato. ho idea che i cds Italy possano arrivare in zona 100 a medio termine
;uno stravolgimento della lista sovrana per noi sarebbe un danno lo pagheremmo molto caro .anche perchè si protrarrebbe per anni
ferdo
Utente Senior
la sinistra è più solidale sul tema grecia
C.Bonacieux
Forumer attivo
Sì, i rigoristi a tutti i costi erano i liberali della FDP, che hanno preso una batosta storica. Quindi perdono un po' peso politico per far valere le loro posizioni anche a livello federale.
tommy271
Forumer storico
ECB Nowotny Sees Risk Greece May Not Be Able To Pay Its Debt
VIENNA (MNI) - There is a risk that Greece may ultimately be unable to pay its debts, but the answer won't be known for a few years, European Central Bank Governing Council member Ewald Nowotny said in a television interview Sunday.
Nowotny also said that in economic terms it was probably to be recommended that Portugal seek aid from the European Financial Stability Facility (EFSF), but he conceded that the current political situation in Lisbon could make that a complicated proposition.
Asked by Austria's public television station ORF2 whether he thought Greece would pay off its debts on its own, Nowotny replied: "That is a question that will be answered first in three or four years. In the meantime there is the rescue system."
He added that if growth improved in all of Europe, as well as abroad, than Greece would have "a good chance" to pay back its debt.
However, "a certain amount of risk, to be honest, is present," he continued. "The markets see it this way as well because the rates [that Athens must pay on its debt] are appropriately high...We are assuming that Greece will succeed. But of course we know...that there is a risk."
Nowotny, who heads the Austrian National Bank, observed that the domestic political situation in Portugal had "significantly worsened," and that the country "definitely has a competitiveness problem." While the deficit-cutting measures implemented by Lisbon are "impressive," the country must raise about E11.5 billion in the capital markets between now and June, he noted.
"We'll see if that happens at a reasonable ... interest rate."
Asked if he agreed with the E75 billion figure mentioned last week by Eurogroup Chairman Jean-Claude Juncker as the amount Portugal would need in aid, Nowotny said "it is not an unrealistic amount." It is, he said, what would be needed "purely from the statistics." But other factors, including economic developments and bank ratings, must also be taken into account.
However, following the collapse last week of Portugal's minority Socialist government and likely elections to be held sometime in spring, it could be difficult for Portugal to negotiate an aid package, the Austrian central bank chief noted. "Sustainable reforms can only be carried out when there is a stable governmental constellation. That is unfortunately not the case in Portugal," he said.
Nowotny made clear that ECB interest rates will be going up, as has been clearly signaled by the central bank. But he was non-committal about whether the first step would come at its April meeting in ten days' time.
"Central bankers can't commit in advance, but in principle [the ECB is moving] in the direction of [monetary policy] normalization," he said.
"We must as central bankers carefully watch economic developments. That's why there is the famous phrase from Trichet 'we do not pre-commit,'" Nowotny said. "We can't pre-commit. Because as we saw with Japan there can always be new developments. We are analyzing what this, for example, means for the European economy." But he then added: "My personal view is that nothing would change our original goal of moving towards normalization."
(Imarketnews.com)
***
Per sapere se la Grecia sarà in grado di ripagare tutti i suoi debiti, è questione di anni.
VIENNA (MNI) - There is a risk that Greece may ultimately be unable to pay its debts, but the answer won't be known for a few years, European Central Bank Governing Council member Ewald Nowotny said in a television interview Sunday.
Nowotny also said that in economic terms it was probably to be recommended that Portugal seek aid from the European Financial Stability Facility (EFSF), but he conceded that the current political situation in Lisbon could make that a complicated proposition.
Asked by Austria's public television station ORF2 whether he thought Greece would pay off its debts on its own, Nowotny replied: "That is a question that will be answered first in three or four years. In the meantime there is the rescue system."
He added that if growth improved in all of Europe, as well as abroad, than Greece would have "a good chance" to pay back its debt.
However, "a certain amount of risk, to be honest, is present," he continued. "The markets see it this way as well because the rates [that Athens must pay on its debt] are appropriately high...We are assuming that Greece will succeed. But of course we know...that there is a risk."
Nowotny, who heads the Austrian National Bank, observed that the domestic political situation in Portugal had "significantly worsened," and that the country "definitely has a competitiveness problem." While the deficit-cutting measures implemented by Lisbon are "impressive," the country must raise about E11.5 billion in the capital markets between now and June, he noted.
"We'll see if that happens at a reasonable ... interest rate."
Asked if he agreed with the E75 billion figure mentioned last week by Eurogroup Chairman Jean-Claude Juncker as the amount Portugal would need in aid, Nowotny said "it is not an unrealistic amount." It is, he said, what would be needed "purely from the statistics." But other factors, including economic developments and bank ratings, must also be taken into account.
However, following the collapse last week of Portugal's minority Socialist government and likely elections to be held sometime in spring, it could be difficult for Portugal to negotiate an aid package, the Austrian central bank chief noted. "Sustainable reforms can only be carried out when there is a stable governmental constellation. That is unfortunately not the case in Portugal," he said.
Nowotny made clear that ECB interest rates will be going up, as has been clearly signaled by the central bank. But he was non-committal about whether the first step would come at its April meeting in ten days' time.
"Central bankers can't commit in advance, but in principle [the ECB is moving] in the direction of [monetary policy] normalization," he said.
"We must as central bankers carefully watch economic developments. That's why there is the famous phrase from Trichet 'we do not pre-commit,'" Nowotny said. "We can't pre-commit. Because as we saw with Japan there can always be new developments. We are analyzing what this, for example, means for the European economy." But he then added: "My personal view is that nothing would change our original goal of moving towards normalization."
(Imarketnews.com)
***
Per sapere se la Grecia sarà in grado di ripagare tutti i suoi debiti, è questione di anni.
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