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

[tommy271]

Greece, India investment pact




(ANA-MPA) -- Greece and India on Monday signed a protocol for strengthening bilateral cooperation in investments, wrapping up the 6th Joint Greek-Indian Ministerial Committee held in Athens. The two sides also agreed that Deputy Foreign Minister Spyros Kouvelis should visit New Delhi at the head of a business delegation in the near future.

"We want to build up strategic economic cooperation with a dynamically growing economy and this is very significant for Greece, which is in the midst of an effort for outward-looking growth," Kouvelis said after the end of the committee meeting.

The agreement covers a number of sectors, including renewable energy sources and green technologies; tourism; port development; air and sea transport; science and technology; agriculture; and construction and infrastructure - all areas that are currently growing strongly in India.

According to Indian Minister of State for Commerce and Industry Jyotiraditya Scindia, who co-chaired the meeting with Kouvelis, afterward spoke of "great potential" for promoting trade transactions and investments. He referred to long-standing ties between the two countries since antiquity and invited Kouvelis to visit India.

(ana.gr)

 

[IL MARATONETA]

Borsa Atene: Ase chiude a -0,7%, Ppc a -5,3%


MILANO (MF-DJ)--L'indice Ase della Borsa di Atene termina una seduta dai volumi scarsi in ribasso dello 0,7% a quota 1611,51 punti, dopo il lungo weekend di chiusura del mercato greco.
"I volumi sono stati molto bassi e gli investitori hanno preso a stento una direzione", commenta un trader locale.
In territorio negativo Ppc a -5,3%, a seguito della pubblicazione dei conti deludenti del 4* trimestre, Nbg a -3,6%, Alpha a -0,4% ed Eurobank a -0,2%

Un saluto a tutti i naviganti:
- rientrato da una settimana bianca a Colfosco; in questo periodo non sono stato collegato a internet e le scarse notizie che ho ascoltato, strappate a qualche telegiornale della TV, mi suggerivano prudenza, circa le quotazioni dei nostri titoli.
Ancora una volta, il vertice UE, che credevamo potesse essere decisivo, per dare un impulso alla ripresa dei corsi, ha deluso le nostre aspettative.
Per la grecia ci sono state comunque decisioni vitali quali l'allungamento del debito e la diminuzione del tasso, ma per evitare il default, il mercato avverte che servono dati positivi di bilancio. Basta con i proclami; deve essere rispettato il piano di rientro , si devono mettere in cassa i soldi delle privatizzazioni. Solo i numeri, contano a questo punto, e solo dati favorevoli possono consentire la ripresa.

 

[tommy271]

Commenti:

Se Frau Merkel scuote l'euro - Il Sole 24 ORE

 

[tommy271]

Grecia: perdite per oltre 23 milioni per Aegean Airlines nel 2010



Monday, 28 March 2011 17:26



La maggiore compagnia aerea ellenica, Aegean Airlinea, ha chiuso il 2010 con una perdita netta di 23,3 milioni di euro, per effetto della crisi e della recessione che hanno duramente colpito la Grecia. La debolezza della domanda, che ha portato ad una significativa riduzione prezzi e la crescita del prezzo del carburane sono i maggiori fattori alla base di tale risultato.

Nel corso del 2010, i ricavi della compagnia sono scesi del 5 per cento, a 591 milioni di euro; il direttore operativo, Dimitris Gerogiannis, ha affermato che la situazione continuerà ad essere difficile, nonostante la prevista crescita del numero di turisti in arrivo. Dopo aver chiuso il 2010 con una contrazione del 4,5 per cento, la Grecia dovrebbe chiudere il 2011 con un arretramento del 3 per cento. La compagnia aerea ellenica continuerà a subire gli effetti della crescita prevista del costo del carburante.

Nel corso del 2010 il traffico internazionale del vettore è cresciuto del nove per cento, a fronte di una contrazione del 16 p.c. del mercato interno; per il 2011 è previsto un ulteriore ampliamento delle rotte internazionali: tra le nuove destinazioni previste, vi sono Mosca e Bologna.

Aegean Airlines e il suo maggiore competitor domestico Olympic hanno recentemente annunciato che si appelleranno contro la decisione dell´UE di impedire il loro piano di fusione: la decisione è stata motivata con la prospettiva che dalla fusione esca un soggetto dominante sul mercato interno ellenico, con effetti negativi sia sulla competitibilità del mercato stesso, che sui prezzi praticati.

Marcello Berlich
(portalino.it)

 

[tommy271]

28 marzo 2011
DA 4.800 TEU

THENAMARIS SHIPS
DUE UNITà IN ARRIVO



Tre armatori greci hanno firmato nuovi ordini per la costruzione di navi portacontainer in Cina e in Corea del Sud. La decisione arriva in un momento in cui effettivamente, la tendenza generale in Grecia è proprio quella di investire su queste unità.
Tutti i nuovi ordini firmati nei giorni più recenti sono stati per navi da circa 4.800 teu di capacità, che con tutta probabilità andranno a operare su linee da e verso Sud America e Africa, dove in questo momento si stanno facendo diversi investimenti per potenziare e rendere più profondi gli scali portuali.
Thenamaris Ships Management ha siglato contratti per due unità da 4.800 teu ai cantieri Zhejiang Ouhua, entrando così nel campo delle portacontainer. La compagnia guidata da Dinos Martinos, che ha una flotta essenzialmente composta da cisterne e rinfusiere, era stata al centro di rumors lo scorso anno, che la vedevano vicina alla firma per due unità, più altre due in opzione, con i cantieri Jiangsu Yangzijiang.
Invece i contratti sono stati finalizzati presso il cantiere Ouhua, mentre fonti interne alla compagnia sottolineano che il contratto con Jiangsu è saltato. Le navi sono in consegna per il 2013 per un valore di 57 milioni di dollari ciascuna.


(Shippingonline.it)

 

[tommy271]

Rimane sempre debole la situazione del gruppetto di testa dei "Periferici".
La sconfitta della Merkel, insieme a quella di Sarkozy, nelle elezioni locali di domenica indica un grado di insoddisfazione generale del proprio elettorato.
Le ragioni sono diverse, e diverse le motivazioni.
Ieri la bilancia commerciale greca ha rivisto in meglio il rientro dal deficit mentre l'esecutivo di Atene sta preparando l'ennesima manovra per rientrare entro i termini del Memorandum.
E' previsto l'arrivo della delegazione della Troika verso la metà di aprile, per quella data dovvranno essere presentati le misure correttive atte al rilascio della quinta tranche del prestito.
Il Belgio ha battuto un record mondiale. dopo quasi 300 giorni dalle elezioni non si è ancora giunti alla formazione di un nuovo governo.

Grecia 949 pb. (929)
Irlanda 678 pb. (677)
Portogallo 487 pb. (466)
Spagna 188 pb. (189)
Italia 150 pb. (146)
Belgio 95 pb. (94)

 

[tommy271]

Gov't: Signs of growth




(ANA-MPA) -- Speaking to reporters after an interministerial session chaired by Prime Minister George Papandreou on Monday on the planning of the government's work, a senior minister stressed that "growth has begun to appear."

According to the same source, apart from the fiscal framework, the discussion focused on the government's growth initiatives, while conveying the "spirit" in which the government is moving, he said that it concerns "how we secure in the fiscal planning growth priorities in each sector and ministry" and additionally how "we shall unblock growth procedures."

According to reports, Papaconstantinou presented during the meeting macroeconomic data by which growth has begun to appear and recession is becoming "shallower."

(ana.gr)

 

[tommy271]

FM interview with 'Hurriyet'




(ANA-MPA) -- There must be a solution in exploratory talks between the Greek and Turkish foreign ministries, otherwise recourse should be taken in the International Court of Justice at The Hague over the Aegean's continental shelf, following the upcoming general elections in Turkey, Greek FM Dimitris Droutsas was quoted as saying on Monday.

He also called on EU member-state Turkey to sign the widely implemented UN Convention on the Law of the Sea.

In an interview appearing in the Turkish mass daily "Hurriyet", Droutsas said exploratory talks need to produce a result, adding that, from the contacts and statements that have been made, it is perceived that the conditions have ripened for Turkey to sign the Law of the Sea Convention.

"They tell us that Turkey is following a policy of zero problems with its neighbours; that it has changed; that it respects international law; that it wants to be a protagonist in the region and does not desire tension," Droutsas said, adding that: "On a daily basis, however, we face many issues that cause tension -- Turkish warplanes fly constantly over isles inhabited by Greek people. Turkish fleet vessels constantly sail very close to our territorial waters".

Droutsas stressed that Athens has the right to extend its territorial waters to 12 nautical miles under the international law of the seas, whereas Turkey has threatened to take counter-measures if this occurs, something viewed in Athens as a "casus belli" directed against Greece. "That, however, is an open violation of the UN convention, which is the sacred text of the Law of the Sea. And I ask, is this how Turkey will develop the dogma of zero problems?"

(ana.gr)

***
Rapporti greco-turchi.

 

[tommy271]

As deadline looms, privatization plan divides ministers

Government says it will unveil program by April 15 but there is growing dissent in the ranks

A privatization plan that will seek to raise up to 50 billion euros by 2015 will be unveiled by the government within the next couple of weeks, it was revealed on Monday, as ministers continued to argue about what Greece should sell off and what should remain in state hands.

Government spokesman Giorgos Petalotis said that the Cabinet would approve the final privatization program by April 15. The European Union and the International Monetary Fund have agreed with the government that it should raise 50 billion euros over the next four years as part of the effort to reduce its huge public debt.

Representatives of the European Commission, the European Central Bank and the IMF are due back in Athens next week and are unlikely to be encouraged by the apparent lack of consensus within the Cabinet on which public assets should be sold off.

Environment Minister Tina Birbili added her voice to those of ministers who have expressed concern about the government’s privatization strategy. In an interview with Ta Nea newspaper, Birbili said it would be unwise for Greece to sell a stake in publicly listed state-controlled firms such as Public Power Corporation or the Athens Water and Sewage Company (EYDAP) because their share prices are low as a result of the recession. Prime Minister George Papandreou met yesterday with Birbili and several other ministers to discuss the issue of privatization.

When questioned about the environment minister’s objections, Petalotis indicated that the government would not exclude any public assets from the privatization program. “Privatizations along with the commercial use of public property are included in the target of 50 billion euros that we have set so that we can create growth,” he said.

Finance Minister Giorgos Papaconstantinou is due to meet this week with Roland Mahler, head of Central and Eastern European operations for Deutsche Telekom, which already owns almost a third of OTE telecom, to discuss among other things the possibility of the German firm increasing its stake.

Greece’s latest attempt to tackle its debt crisis comes as a survey of 52 professional European economic forecasters found that two-thirds of respondents believe that Greece will default on its debt. A third believe that Ireland will also go bust. However, the vast majority think the euro could survive the crisis.

ekathimerini.com , Monday March 28, 2011 (22:28)

 

[tommy271]

Vulture funds circle over Greece


By Vangelis Mandravelis






Recently on a Greek island in the Ionian Sea, a luxury 70 room hotel was sold for 2.5 million euros. The buyer is an investor described in the market as being a distress fund.

According to market sources, the investor landed a good deal since the construction of the hotel in 2009 cost 7.5 million euros. If one takes into account the value of the land it is built on, then its total value reaches the ten million euro mark. The new owners paid just a quarter of this amount.

These sorts of examples are numerous in Greece. As the recession deepens, tens of real estate assets and businesses are in the radar of potential investors.

However, this particular category of investors is not very well known as they normally have a low profile.

The reason? They buy assets from owners under pressure from creditors, which means they need money quickly.
This is why some people label distress funds as vulture funds.

The most well known example of a distress fund being active in Greece is undoubtedly in the case of Wind Hellas.
The mobile phone company, which had loans of 1.8 billion euros, was recently acquired for 780 million euros by six large investment funds.

This decision, made in agreement with the company’s creditors, however, kept the company in business since it was no longer in a position to meet financial obligations.

Spyros Trahanis, manager at Oxygen Capital, said that distress funds provide solutions when the creditors to the business in strife - normally banks - can no longer do so.

“Banks usually avoid providing these sort of solutions which almost always involve a haircut on loans provided and they don't want to end up with assets they don't know much about,” he said.

"Additionally, banks don’t want to send the wrong message to the market. If it was so easy for a bank customer to restructure his debt then everyone would ask for this.”

ekathimerini.com , Monday March 28, 2011 (16:53)