Ivone
Forumer attivo
Default....
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (24 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
Default....
tommy271
Forumer storico
Buongiorno a tutti !!!!
Non ricordo bene ma che fine hanno fatto i diaspora bond ?
Agli inizi di marzo è stata depositata alla SEC il prospetto informativo.
Dagli USA dovrebbero arrivare, secondo stime, 3 MLD.
Se poi la raccolta avrà successo (e i tassi offerti saranno in linea con la Troika) si passerà anche all'Australia.
A quanto mi risulta, è ancora tutto fermo.
tommy271
Forumer storico
Ci sono tantissimi passaggi intermedi.
Prima di tutto il riscadenziamento del debito, magari spostando in là di tre/cinque anni (magari anche meno) le scadenze a partire dal 2012.
Un pò di anni fa qualche stato dell'Europa dell'Est non pagò le cedole per un solo anno, ma rimborsarono tutto a 100.
Comunque c'è tempo, non credo abbiano problemi di "liquidità".
Il problema è far ripartire l'economia ...
Ultima modifica:
tommy271
Forumer storico
I "Diaspora Bond" sono uno strumento per ridare un pò di fiducia.
Non credo che servano poi più di tanto.
Mensilmente raccolgono tra 1 e 2 MLD senza troppi problemi, il bid/cover è sempre elevato.
tommy271
Forumer storico
La Borsa di Atene si prende questa mattina un pò di pausa, dopo un paio di giorni di crescita. Qualche realizzo ci stà bene.
L'indice ASE segna 1547 punti a -0,33%.
I nostri spread si trovano sempre nel solito trading-range, ma sopra i minimi raggiunti ieri. Attualmente intorno a 946 pb.
L'indice ASE segna 1547 punti a -0,33%.
I nostri spread si trovano sempre nel solito trading-range, ma sopra i minimi raggiunti ieri. Attualmente intorno a 946 pb.
tommy271
Forumer storico
Infatti, questa è la soluzione migliore per tutti ... ed è ragionevole.
Già da ora la BCE potrebbe far scendere di un 10% il debito pubblico con i suoi acquisti già effettuati, ma non ci sono le condizioni.
Bisognerà aspettare che la situazione si stabilizzi con l'Irlanda, Portogallo e Grecia unici referenti al EFSF.
Poi tramite l'EFSF potrebbero dare un megaprestito in grado di ricomprarsi sul mercato i bond.
Operazione non semplice, perchè a quel punto i prezzi salirebbero vanificando l'operazione. Rimangono, invece, fermi i benefici di un riacquisto diretto dalla BCE.
E' molto probabile però che l'operazione risollevi verso l'alto i bond, con indubbi vantaggi per la parte contabile delle banche.
tommy271
Forumer storico
ECB's Tumpel-Gugerell: Stiffer Penalties On EU Deficits Needed
FRANKFURT -(Dow Jones)- ECB Executive Board member Gertrude Tumpel-Gugerell Friday welcomed the "Euro Plus Pact" adopted by European Union leaders in March, but said that measures "don't go far enough," calling for stiffer penalties for countries that don't meet the deficit targets.
Legislative proposals on economic governance and budgetary surveillance are a "good starting point," she said, but called for a closer surveillance of macroeconomic imbalances.
"Let me also state clearly and without misunderstanding: solidarity is not a one-way street going from donor country to recipient country," Tumpel-Gugerell said at an event in Berlin, according to the text of the speech.
"Rather, solidarity is a reciprocal duty to support, that means that all member states have as a start the obligation to pursue a solid economic and fiscal policy. Each country must keep its own house in order and protect it from fire" and not rely on the fire insurance even if such insurance exists for emergency situations, she said.
***
Solite posizioni.
FRANKFURT -(Dow Jones)- ECB Executive Board member Gertrude Tumpel-Gugerell Friday welcomed the "Euro Plus Pact" adopted by European Union leaders in March, but said that measures "don't go far enough," calling for stiffer penalties for countries that don't meet the deficit targets.
Legislative proposals on economic governance and budgetary surveillance are a "good starting point," she said, but called for a closer surveillance of macroeconomic imbalances.
"Let me also state clearly and without misunderstanding: solidarity is not a one-way street going from donor country to recipient country," Tumpel-Gugerell said at an event in Berlin, according to the text of the speech.
"Rather, solidarity is a reciprocal duty to support, that means that all member states have as a start the obligation to pursue a solid economic and fiscal policy. Each country must keep its own house in order and protect it from fire" and not rely on the fire insurance even if such insurance exists for emergency situations, she said.
***
Solite posizioni.
tommy271
Forumer storico
BoC: Measures Taken From The Greek Government Will Be Effective
Bank of Cyprus CEO Andreas Iliades said that the risks in the Cypriot banking sector are of less importance than the ones specified by the credit rating agencies, according to a Proton Bank report. Cypriot banks have enhanced their capital levels, retained adequate liquidity and improved efficiency, he added.
Regarding Bank of Cyprus, CEO noted that it holds less than €2bn of Greek government bonds, which will be less than €1.8bn in two months, decreasing by 50% in the next four years.
Regarding Greece, Iliades commented that the measures taken from the Greek government will be effective, while in the event of a debt restructuring, Bank of Cyprus would be able to cover any losses just through profitability, without any impact on its capital base.
As for the bank’s operations in Greece, he stated that the bank seeks to grow carefully, with tight loan criteria, retaining better asset quality than the market’s average.
Proton Bank was content by the comments of Andreas Iliades regarding the potential impact from a Greek debt restructuring that are fully reflected in its Outperform rating.
(capital.gr)
***
Cipro.
Bank of Cyprus CEO Andreas Iliades said that the risks in the Cypriot banking sector are of less importance than the ones specified by the credit rating agencies, according to a Proton Bank report. Cypriot banks have enhanced their capital levels, retained adequate liquidity and improved efficiency, he added.
Regarding Bank of Cyprus, CEO noted that it holds less than €2bn of Greek government bonds, which will be less than €1.8bn in two months, decreasing by 50% in the next four years.
Regarding Greece, Iliades commented that the measures taken from the Greek government will be effective, while in the event of a debt restructuring, Bank of Cyprus would be able to cover any losses just through profitability, without any impact on its capital base.
As for the bank’s operations in Greece, he stated that the bank seeks to grow carefully, with tight loan criteria, retaining better asset quality than the market’s average.
Proton Bank was content by the comments of Andreas Iliades regarding the potential impact from a Greek debt restructuring that are fully reflected in its Outperform rating.
(capital.gr)
***
Cipro.
tommy271
Forumer storico
Greece to sell 1.25 bln eur of 6-mth T-bills Apr 12
ATHENS, April 8 | Fri Apr 8, 2011 6:33am EDT
ATHENS, April 8 (Reuters) - Greece will auction 1.25 billion euros ($1.8 billion) of 26-week T-bills on April 12 as part of its monthly short-term debt sales, the country's debt agency (PDMA) said on Friday.
The settlement date will be April 15. Only primary dealers will be allowed to participate and no commission will be paid.
ATHENS, April 8 | Fri Apr 8, 2011 6:33am EDT
ATHENS, April 8 (Reuters) - Greece will auction 1.25 billion euros ($1.8 billion) of 26-week T-bills on April 12 as part of its monthly short-term debt sales, the country's debt agency (PDMA) said on Friday.
The settlement date will be April 15. Only primary dealers will be allowed to participate and no commission will be paid.
- Stato