Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (9 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
tommy271
Forumer storico
Buongiorno Tommy
Certo che ormai di ristrutturazione se ne parla in tutte le salse, tu come la vedi che hai seguito per filo e per segno tutta la vicenda?
allungamento delle scadenze forse è la più plausibile e meno dolorosa ma poi come farebbe a riguadagnare credibilità sul mercato? e a che tassi? con il debito che comunque inizia a essere molto alto?
Si, un allungamento delle scadenze tenendo invariato il nominale alla scadenza è l'ipotesi più ragionevole, vista anche la pesante presenza degli istituzionali (che crescerà con il tempo, allontanando un default selvaggio ...).
Possibilissimo anche un piano di concambio con titoli EFSF.
Ieri, comunque, la Grecia ha effettuato un piccolo buy-back su alcune scadenze risparmiando - credo - parecchio.
Non è detto che, se le tensioni possano permanere, una strada possa essere anche quest'ultima.
Molto lenta, ma sicuramente efficace nella riduzione del debito pubblico.
tommy271
Forumer storico
Mihelakis: 'ND 'state audit' a mistake'
Main opposition New Democracy spokesman Yiannis Mihelakis on Wednesday repeated the party's position that the 'state audit' conducted by the ND government under Costas Karamanlis had "historically been proven a mistake".
Mihelakis, who first expressed the view during a radio interview on Tuesday, repeated the position during the regular press briefing in response to questions.
The spokesman said that his party had bravely dared to carry out its own self-criticism and stressed that people now looked to ND for solutions to the problems they faced.
He also placed responsibility for the audit squarely on the shoulders of then finance minister George Alogoskoufis, downplaying the role of the former prime minister Karamanlis. He stressed that the party was now looking firmly forward and that ND leader Antonis Samaras will soon be presenting a comprehensive and updated ND programme for exiting the crisis.
Mihelakis went on to describe relations between Samaras and Karamanlis as "very good".
(ana.gr)
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Prime riflessioni sulla responsabilità della crisi.
Main opposition New Democracy spokesman Yiannis Mihelakis on Wednesday repeated the party's position that the 'state audit' conducted by the ND government under Costas Karamanlis had "historically been proven a mistake".
Mihelakis, who first expressed the view during a radio interview on Tuesday, repeated the position during the regular press briefing in response to questions.
The spokesman said that his party had bravely dared to carry out its own self-criticism and stressed that people now looked to ND for solutions to the problems they faced.
He also placed responsibility for the audit squarely on the shoulders of then finance minister George Alogoskoufis, downplaying the role of the former prime minister Karamanlis. He stressed that the party was now looking firmly forward and that ND leader Antonis Samaras will soon be presenting a comprehensive and updated ND programme for exiting the crisis.
Mihelakis went on to describe relations between Samaras and Karamanlis as "very good".
(ana.gr)
***
Prime riflessioni sulla responsabilità della crisi.
tommy271
Forumer storico
Greek bond spreads, CDS hit new highs
The premium demanded by investors to hold Greek 10-year bonds continued to rise on Wednesday, reaching a peak of 16.17 percent and driving spreads with benchmark German bunds up by 1292 basis points.
The yield for shorter-term two-year Greek bonds was driven even higher to 23.9 percent.
Credit Default Swaps (CDS) insuring Greek debt against default reached an all-time high of 14.89 percent.
(ana.gr)
The premium demanded by investors to hold Greek 10-year bonds continued to rise on Wednesday, reaching a peak of 16.17 percent and driving spreads with benchmark German bunds up by 1292 basis points.
The yield for shorter-term two-year Greek bonds was driven even higher to 23.9 percent.
Credit Default Swaps (CDS) insuring Greek debt against default reached an all-time high of 14.89 percent.
(ana.gr)
belindo
Guest
Ok tutto chiaro tranne il punto in grassetto, perchè è scontato che aumenterà la quota degli istituzionali?
tommy271
Forumer storico
In proseguio del Memorandum sottoscritto, a cui la Grecia si attiene... se poi inoltre nel 2012 la Grecia si continuerà a vedere negata l'accessibilità sui mercati dovrà far ricorso ad altri 25 MLD da parte dell'EFSF.
Già ora, credo, le banche fanno fatica a riversare sul retail il proprio carico di GGB.
Si imporrà una soluzione che, contrariamente a far pagare ai soliti bondholder il carico delle ristrutturazioni, dovrà tener conto della complessità della situazione.
tommy271
Forumer storico
Athens backs calls for stricter EU border controls
Greece also hoping that Dublin II Regulation will be reviewed in light of North African revolts
Greece reacted positively on Wednesday to a proposal by French President Nicolas Sarkozy and Italian Prime Minister Silvio Berlusconi that the European Union should toughen its border controls in the wake of popular uprisings in several North African countries, which appear to have prompted a wave of immigration.
Interior Ministry sources told Kathimerini that Athens was heartened by the position of the two leaders and is hopeful it will lead to the review of the Dublin II Regulation, which stipulates that asylum applications have to be examined in the country where the applicant entered the EU. Greece feels the rule puts an undue burden on its resources as most asylum seekers and illegal immigrants enter through its borders.
Greece’s position was reiterated by Foreign Minister Dimitris Droutsas, who met in Athens on Wednesday with his Maltese counterpart Tonio Borg. “We think the conditions have matured for us to examine the Schengen Treaty and especially the Dublin II Regulation,” he said.
Borg added that Malta, where some 1,000 illegal immigrants from Libya have recently arrived, would also be in favor of re-examining the EU’s border and asylum rules.
Italy and France on Tuesday agreed to seek a revision of the Schengen border treaty that permits passport-free travel through Europe. France criticized Italy for granting temporary residency permits to some 20,000 Tunisian migrants.
Berlusconi and Sarkozy signed a joint letter to the EU demanding the Schengen Treaty take into account “exceptional” situations. “We want Schengen to survive, but to survive, Schengen must be reformed,” said Sarkozy.
ekathimerini.com , Wednesday April 27, 2011 (22:36)
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Il problema immigrazione, molto più sentito in Grecia con la dura recessione.
Greece also hoping that Dublin II Regulation will be reviewed in light of North African revolts
Greece reacted positively on Wednesday to a proposal by French President Nicolas Sarkozy and Italian Prime Minister Silvio Berlusconi that the European Union should toughen its border controls in the wake of popular uprisings in several North African countries, which appear to have prompted a wave of immigration.
Interior Ministry sources told Kathimerini that Athens was heartened by the position of the two leaders and is hopeful it will lead to the review of the Dublin II Regulation, which stipulates that asylum applications have to be examined in the country where the applicant entered the EU. Greece feels the rule puts an undue burden on its resources as most asylum seekers and illegal immigrants enter through its borders.
Greece’s position was reiterated by Foreign Minister Dimitris Droutsas, who met in Athens on Wednesday with his Maltese counterpart Tonio Borg. “We think the conditions have matured for us to examine the Schengen Treaty and especially the Dublin II Regulation,” he said.
Borg added that Malta, where some 1,000 illegal immigrants from Libya have recently arrived, would also be in favor of re-examining the EU’s border and asylum rules.
Italy and France on Tuesday agreed to seek a revision of the Schengen border treaty that permits passport-free travel through Europe. France criticized Italy for granting temporary residency permits to some 20,000 Tunisian migrants.
Berlusconi and Sarkozy signed a joint letter to the EU demanding the Schengen Treaty take into account “exceptional” situations. “We want Schengen to survive, but to survive, Schengen must be reformed,” said Sarkozy.
ekathimerini.com , Wednesday April 27, 2011 (22:36)
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Il problema immigrazione, molto più sentito in Grecia con la dura recessione.
tommy271
Forumer storico
Norway interested in drilling for oil in Greece
Norway has invited Greek Deputy Environment, Energy and Climate Change Minister Yiannis Maniatis to Oslo in order to discuss oil exploration rights expected to be awarded in the the Mediterranean country’s west.
Norwegian Deputy Minister of Petroleum and Energy Per Rune Henriksen formally invited Maniatis to a meeting where the two are scheduled to look at the searching, drilling and development of hydrocarbons in Greek waters.
In the next 18 to 24 months, the Greek government has said it will invite bids by private operators to search for oil and natural gas in a bid to cut energy imports.
At the moment, Energean is Greece’s only oil and natural gas exploration company, producing some 3,000 barrels of oil per day off Kavala, in the country’s north.
Maniatis is also expected to meet with officials from Norwegian oil giant Statoil, Petroleum Geo-Services (PGS) and TGS-NOPEC Geophysical Company (TGS).
ekathimerini.com , Wednesday April 27, 2011 (12:26)
Norway has invited Greek Deputy Environment, Energy and Climate Change Minister Yiannis Maniatis to Oslo in order to discuss oil exploration rights expected to be awarded in the the Mediterranean country’s west.
Norwegian Deputy Minister of Petroleum and Energy Per Rune Henriksen formally invited Maniatis to a meeting where the two are scheduled to look at the searching, drilling and development of hydrocarbons in Greek waters.
In the next 18 to 24 months, the Greek government has said it will invite bids by private operators to search for oil and natural gas in a bid to cut energy imports.
At the moment, Energean is Greece’s only oil and natural gas exploration company, producing some 3,000 barrels of oil per day off Kavala, in the country’s north.
Maniatis is also expected to meet with officials from Norwegian oil giant Statoil, Petroleum Geo-Services (PGS) and TGS-NOPEC Geophysical Company (TGS).
ekathimerini.com , Wednesday April 27, 2011 (12:26)
tommy271
Forumer storico
Damned truths and statistics
At last, some good news in a sea of bad publicity: Greece seems to have restored some of its tarnished credibility regarding its recording and processing of statistical economic data.
The statistical office of the European Commission, Eurostat, has accepted the data provided recently by the Greek statistical service without making any corrections.
This news marks a positive development because it demonstrates that the country does indeed have responsible staff who, given the proper leadership, have nothing to envy from their European counterparts.
That is the good news. The bad news, of course, is that Greece’s deficit is at 10.5 percent of economic output, which means that even if the country’s debt were to be canceled overnight, it would still not be able to survive without borrowing.
The government of Prime Minister George Papandreou must brave the political cost and take the necessary steps to reduce the size of the public sector.
ekathimerini.com , Tuesday April 26, 2011 (21:43)
***
Un editoriale del "Kathimerini" dell'altro giorno.
At last, some good news in a sea of bad publicity: Greece seems to have restored some of its tarnished credibility regarding its recording and processing of statistical economic data.
The statistical office of the European Commission, Eurostat, has accepted the data provided recently by the Greek statistical service without making any corrections.
This news marks a positive development because it demonstrates that the country does indeed have responsible staff who, given the proper leadership, have nothing to envy from their European counterparts.
That is the good news. The bad news, of course, is that Greece’s deficit is at 10.5 percent of economic output, which means that even if the country’s debt were to be canceled overnight, it would still not be able to survive without borrowing.
The government of Prime Minister George Papandreou must brave the political cost and take the necessary steps to reduce the size of the public sector.
ekathimerini.com , Tuesday April 26, 2011 (21:43)
***
Un editoriale del "Kathimerini" dell'altro giorno.
tommy271
Forumer storico
PPC union poised for powerful response
GENOP set to approve rolling 48-hour strikes but PM wants ministers to stand firm on privatization
One of Greece’s most powerful labor unions, GENOP, which represents Public Power Corporation workers, looks set for a head-on collision with the government as it is expected on Thursday to approve rolling 48-hour strikes that could affect electricity supplies around the country.
GENOP’s executive committee is due to meet on Thursday to rubber-stamp the open-ended action, which will signal a ratcheting up of the tension between the two sides in the wake of an investigation that suggested PPC’s management had been illegally funding the union for years and that much of this money was squandered on perks for its members.
The union, however, is unlikely to limit its fightback just to the imminent strikes. Sources said that its legal advisers are also examining the possibility of suing the government for failing to cover the shortfall in GENOP’s social security funds. They argue that the government is legally bound to plug the gaps in GENOP’s budget because it was part of the deal that saw the union allow its assets to be presented as PPC’s assets, which amount to 12 billion euros.
There was a shortfall of 900 million euros in social security funds last year as a result of a large number of PPC workers taking early retirement. The government only stumped up 600 million euros and GENOP now seems intent on suing for the remaining 300 million.
The tense atmosphere between the government and the union was triggered in part by the completion last week of a report by public administration inspector Leandros Rakintzis which claimed that GENOP received 31.2 million euros from PPC between 1999 and 2010 and that the funding broke the law. Rakintzis also alleged that hundreds of thousands of euros were spent on trips abroad, expensive restaurants, hosting visitors, fuel costs and various gifts.
The government and the union are also at loggerheads because Prime Minister George Papandreou said earlier this month that the state intends to reduce its holdings in PPC from 51 percent to 34 percent. GENOP argues that the further involvement of private investors would lead to bigger electricity bills for customers.
Government sources said that Papandreou has instructed his ministers not to buckle under the pressure from GENOP in the coming days. The premier feels that the union has lost the support of the public and many of its members. Papandreou is also aware that his government has to make it clear to markets and investors that it is willing to push through its privatization plans despite opposition.
ekathimerini.com , Wednesday April 27, 2011 (22:41)
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L'importante questione energetica ...
GENOP set to approve rolling 48-hour strikes but PM wants ministers to stand firm on privatization
GENOP’s executive committee is due to meet on Thursday to rubber-stamp the open-ended action, which will signal a ratcheting up of the tension between the two sides in the wake of an investigation that suggested PPC’s management had been illegally funding the union for years and that much of this money was squandered on perks for its members.
The union, however, is unlikely to limit its fightback just to the imminent strikes. Sources said that its legal advisers are also examining the possibility of suing the government for failing to cover the shortfall in GENOP’s social security funds. They argue that the government is legally bound to plug the gaps in GENOP’s budget because it was part of the deal that saw the union allow its assets to be presented as PPC’s assets, which amount to 12 billion euros.
There was a shortfall of 900 million euros in social security funds last year as a result of a large number of PPC workers taking early retirement. The government only stumped up 600 million euros and GENOP now seems intent on suing for the remaining 300 million.
The tense atmosphere between the government and the union was triggered in part by the completion last week of a report by public administration inspector Leandros Rakintzis which claimed that GENOP received 31.2 million euros from PPC between 1999 and 2010 and that the funding broke the law. Rakintzis also alleged that hundreds of thousands of euros were spent on trips abroad, expensive restaurants, hosting visitors, fuel costs and various gifts.
The government and the union are also at loggerheads because Prime Minister George Papandreou said earlier this month that the state intends to reduce its holdings in PPC from 51 percent to 34 percent. GENOP argues that the further involvement of private investors would lead to bigger electricity bills for customers.
Government sources said that Papandreou has instructed his ministers not to buckle under the pressure from GENOP in the coming days. The premier feels that the union has lost the support of the public and many of its members. Papandreou is also aware that his government has to make it clear to markets and investors that it is willing to push through its privatization plans despite opposition.
ekathimerini.com , Wednesday April 27, 2011 (22:41)
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L'importante questione energetica ...
- Stato