Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (43 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
tommy271
Forumer storico
Foreign Companies Interested In PPC, Obstacles In Way
The Greek government is examining ways to speed up the privatization of Public Power Corporation within 2011, as IMF/EU/ECB requested, but it encounters several obstacles.
According to sources, the acceleration of selling of a 10% or 17% stake of PPC to privates investors is under consideration. The reduction of state’s participation to 34% has been scheduled officially for 2012, while Greece will maintain the control and management.
Market sources note that there is interest from at least two investors. Italian company ENEL, with which there is already an agreement for joint investments in Balkans, and German RWE are the two interested parties.
Those, who support a faster privatization of PPC, indicate that the entrance of an investor would have the advantage of better performance, but the sale of packages through the Athens Stocks Exchange could limit the benefit to €500m because of the low market valuation.
This amount, officials note, does not reflect the true value of PPC, and equals to the profits of a “good” 5-year period.
Before any development occurs, the issue of European Commission’s decision in 2008 must be resolved, regarding the sale of 40% of lignite production to private companies. The government is in contact with Brussels, while Energy Minister Tina Birbili said recently that a solution is already found.
But she implied that that the privatization should come first, otherwise it would cause further reduction of PPC’s profitability. Ministry sources noted that European Commission could be convinced that the reduction of state’s participation decreases or removes the need for reduction of lignite production, as there would be another investor.
Officials state that the solving of the issue with the European Commission would consists another reason for acceleration of privatization process. But the objections of PPC’s workers’ union GENOP and the compensation of the company for the option of purchase of 30% of gas company DEPA are two more obstacles.
(capital.gr)
***
La complessa questione energetica.
The Greek government is examining ways to speed up the privatization of Public Power Corporation within 2011, as IMF/EU/ECB requested, but it encounters several obstacles.
According to sources, the acceleration of selling of a 10% or 17% stake of PPC to privates investors is under consideration. The reduction of state’s participation to 34% has been scheduled officially for 2012, while Greece will maintain the control and management.
Market sources note that there is interest from at least two investors. Italian company ENEL, with which there is already an agreement for joint investments in Balkans, and German RWE are the two interested parties.
Those, who support a faster privatization of PPC, indicate that the entrance of an investor would have the advantage of better performance, but the sale of packages through the Athens Stocks Exchange could limit the benefit to €500m because of the low market valuation.
This amount, officials note, does not reflect the true value of PPC, and equals to the profits of a “good” 5-year period.
Before any development occurs, the issue of European Commission’s decision in 2008 must be resolved, regarding the sale of 40% of lignite production to private companies. The government is in contact with Brussels, while Energy Minister Tina Birbili said recently that a solution is already found.
But she implied that that the privatization should come first, otherwise it would cause further reduction of PPC’s profitability. Ministry sources noted that European Commission could be convinced that the reduction of state’s participation decreases or removes the need for reduction of lignite production, as there would be another investor.
Officials state that the solving of the issue with the European Commission would consists another reason for acceleration of privatization process. But the objections of PPC’s workers’ union GENOP and the compensation of the company for the option of purchase of 30% of gas company DEPA are two more obstacles.
(capital.gr)
***
La complessa questione energetica.
tommy271
Forumer storico
EU Launches Antitrust Probes Of Credit Default Swaps Market
The European Commission said on Friday that it has opened two antitrust investigations into the financial institutions that operate the global market for credit default swaps, the derivatives that act as insurance against a debt default.
The first investigation focuses on the financial information necessary for trading CDS. The Commission has indications that the 16 banks that act as dealers in the CDS market give most of the pricing, indices and other essential daily data only to Markit, the leading financial information company in the market concerned.
This could be the consequence of collusion between them or an abuse of a possible collective dominance and may have the effect of foreclosing the access to the valuable raw data by other information service providers. If proven, such behaviour would be in violation of EU antitrust rules, said the Commission in a statement.
The 16 CDS bank dealers are: JP Morgan, Bank of America Merrill Lynch, Barclays, BNP Paribas, Citigroup, Commerzbank, Crédit Suisse First Boston, Deutsche Bank, Goldman Sachs, HSBC, Morgan Stanley, Royal Bank of Scotland, UBS, Wells Fargo Bank/Wachovia, Crédit Agricole and Société Générale, while the behaviour of UK-based Markit will also be examined.
The second probe will examine whether contracts signed between a number of agreements between nine of the above 16 CDS dealers and ICE Clear Europe, the subsidiary of Intercontinental Exchange Inc.
They contain a number of clauses (preferential fees and profit sharing arrangements) which might create an incentive for the banks to use only ICE as a clearing house. The effects of these agreements could be that other clearing houses have difficulties successfully entering the market and that other CDS players have no real choice where to clear their transactions.
These nine CDS dealers are Bank of America Corporation, Barclays Bank plc, Citigroup Inc, Crédit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group, Inc., JP Morgan Chase & Co, Morgan Stanley and UBS AG.
(capital.gr)
The European Commission said on Friday that it has opened two antitrust investigations into the financial institutions that operate the global market for credit default swaps, the derivatives that act as insurance against a debt default.
The first investigation focuses on the financial information necessary for trading CDS. The Commission has indications that the 16 banks that act as dealers in the CDS market give most of the pricing, indices and other essential daily data only to Markit, the leading financial information company in the market concerned.
This could be the consequence of collusion between them or an abuse of a possible collective dominance and may have the effect of foreclosing the access to the valuable raw data by other information service providers. If proven, such behaviour would be in violation of EU antitrust rules, said the Commission in a statement.
The 16 CDS bank dealers are: JP Morgan, Bank of America Merrill Lynch, Barclays, BNP Paribas, Citigroup, Commerzbank, Crédit Suisse First Boston, Deutsche Bank, Goldman Sachs, HSBC, Morgan Stanley, Royal Bank of Scotland, UBS, Wells Fargo Bank/Wachovia, Crédit Agricole and Société Générale, while the behaviour of UK-based Markit will also be examined.
The second probe will examine whether contracts signed between a number of agreements between nine of the above 16 CDS dealers and ICE Clear Europe, the subsidiary of Intercontinental Exchange Inc.
They contain a number of clauses (preferential fees and profit sharing arrangements) which might create an incentive for the banks to use only ICE as a clearing house. The effects of these agreements could be that other clearing houses have difficulties successfully entering the market and that other CDS players have no real choice where to clear their transactions.
These nine CDS dealers are Bank of America Corporation, Barclays Bank plc, Citigroup Inc, Crédit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group, Inc., JP Morgan Chase & Co, Morgan Stanley and UBS AG.
(capital.gr)
sethi
Forumer storico
Si si mi fanno ridere scusa se lo scrivo ..........ho letto tre libri nelle vacanze natalizie parlavano della crisi.......Too big Too fail...... Bancarotta...e ..La crisi non è finita....... libri fatti bene e analizzano bene i fatti le conseguenze e i risultati.................Risultati bene la fed dovrebbe imputare se stessa ossia l'agente di polizia dovrebbe mettersi le manette e presentarsi davanti a......a chi?
Alla persona a cui ha pagato le tangenti per poter fare l'agente di polizia.......
oggi sono caustico
allora e cosa faranno gli fanno una multa a chi sta guadagnando sui cds .....bene e chi la paga la multa ......i contribuenti dato che le povere banche utilizzeranno gli aiuti di stato per poter risollevare i bilanci altrimenti l'economia mondiale rischia il disfacimento..........
un ultima osservazione magari sarebbe un bene fare dei fondi dato che gli ultimi emolumenti dati ai CFO delle grandi aziende bancarie mi sembrano che siano un pò troppo esigui..............cominciamo a fare una sottoscrizione volontaria prima che in ambito europeo si inventino un fondo che possa aiutare le banche USA a non fallire e a noi toccherebbe pure pagare una nuova tassa x gli emolumenti............
tommy271
Forumer storico
Si si mi fanno ridere scusa se lo scrivo ..........ho letto tre libri nelle vacanze natalizie parlavano della crisi.......Too big Too fail...... Bancarotta...e ..La crisi non è finita....... libri fatti bene e analizzano bene i fatti le conseguenze e i risultati.................Risultati bene la fed dovrebbe imputare se stessa ossia l'agente di polizia dovrebbe mettersi le manette e presentarsi davanti a......a chi?
Alla persona a cui ha pagato le tangenti per poter fare l'agente di polizia.......
oggi sono caustico
allora e cosa faranno gli fanno una multa a chi sta guadagnando sui cds .....bene e chi la paga la multa ......i contribuenti dato che le povere banche utilizzeranno gli aiuti di stato per poter risollevare i bilanci altrimenti l'economia mondiale rischia il disfacimento..........
un ultima osservazione magari sarebbe un bene fare dei fondi dato che gli ultimi emolumenti dati ai CFO delle grandi aziende bancarie mi sembrano che siano un pò troppo esigui..............cominciamo a fare una sottoscrizione volontaria prima che in ambito europeo si inventino un fondo che possa aiutare le banche USA a non fallire e a noi toccherebbe pure pagare una nuova tassa x gli emolumenti............
Per quanto riguarda la Grecia il bello è che il valore dei CDS assicurati pare ammonti a 76 MLD.
Quindi basterebbe una piccola rinegoziazione del debito o lo spostamento di una sola cedola per far scattare i CDS.
Mi piacerebbe vedere come faranno a pagare gli "assicuratori" ...
pluto
$sell = PMC ++
xfetto, grazie !
stefanofabb
GAIN/Welcome
eventi economici prossima settimana
(Il Sole 24 Ore Radiocor) - Roma, 29 apr -
Giovedi' 5/05
GB - Pmi servizi, aprile h. 10,30
Precedente: 57,1 / consenso: 55,8
GER - Ordini all'industria mm, marzo h. 12,00
Precedente: 2,4% / consenso: 0,6%
USA - Costo unitario del lavoro tt ann. (prelim.),
I trimestre h. 14,30
Precedente: -0,6% / consenso: 0,8%
USA - Produttivita' (escl. Agricoltura) tt ann. (prelim.)
I trimestre h. 14,30
Precedente: 2,6% / consenso: 1,0%
USA - Richieste di sussidio, settimanali h. 14,30
Precedente: 429 x1000 / consenso: --
USA - Discorso di Lockhart (Fed) sullo scenario
economico americano h. 1,00
EUR - Riunione Bce (Prev. Intesa Sanpaolo:
refi stabile a 1,25%) h. 13,00
EUR - Conferenza stampa di Trichet h. 13 (M.IMPORTANTE)
GB - Riunione Bank of England (prev. Intesa Sanpaolo:
bank rate stabile a 0,5%, Apf inv.) h. 13,00
USA - Intervento di Evans (Fed) a conferenza su struttura
bancaria e concorrenza h. 15,15
USA - Discorso di Bernanke a conferenza
su struttura bancaria h. 15,30
USA - Discorso di Kocherlakota (Fed)
sulla politica monetaria h. 19,15
Venerdi' 6/05
GB - Ppi (output) aa, aprile h. 10,30
Precedente: 3,0% / consenso: 3,0%
GB - Ppi (output) mm, aprile h. 10,30
Precedente: 0,4% / consenso: 0,3%
GER - Produzione industriale mm, marzo h. 12,00
Precedente: 1,6% / consenso: 0,5%
USA - Nuovi lavoratori dipendenti non agricoli, apr. h.14,30
Precedente: 216 x1000 / consenso: 180 x1000
USA - Salari contrattuali mm, aprile h. 14,30
Precedente: 0% / consenso: 0,2%
USA - Tasso di disoccupazione, aprile h. 14,30
Precedente: 8,8% / consenso: 8,8%
USA - Discorso di Yellen sulla crescita economica
in Finlandia h. 13,30
USA - Intervento di Dudley (Fed) a conferenza stampa
sull'economia regionale h. 16,00
(Il Sole 24 Ore Radiocor) - Roma, 29 apr -
Giovedi' 5/05
GB - Pmi servizi, aprile h. 10,30
Precedente: 57,1 / consenso: 55,8
GER - Ordini all'industria mm, marzo h. 12,00
Precedente: 2,4% / consenso: 0,6%
USA - Costo unitario del lavoro tt ann. (prelim.),
I trimestre h. 14,30
Precedente: -0,6% / consenso: 0,8%
USA - Produttivita' (escl. Agricoltura) tt ann. (prelim.)
I trimestre h. 14,30
Precedente: 2,6% / consenso: 1,0%
USA - Richieste di sussidio, settimanali h. 14,30
Precedente: 429 x1000 / consenso: --
USA - Discorso di Lockhart (Fed) sullo scenario
economico americano h. 1,00
EUR - Riunione Bce (Prev. Intesa Sanpaolo:
refi stabile a 1,25%) h. 13,00
EUR - Conferenza stampa di Trichet h. 13 (M.IMPORTANTE)
GB - Riunione Bank of England (prev. Intesa Sanpaolo:
bank rate stabile a 0,5%, Apf inv.) h. 13,00
USA - Intervento di Evans (Fed) a conferenza su struttura
bancaria e concorrenza h. 15,15
USA - Discorso di Bernanke a conferenza
su struttura bancaria h. 15,30
USA - Discorso di Kocherlakota (Fed)
sulla politica monetaria h. 19,15
Venerdi' 6/05
GB - Ppi (output) aa, aprile h. 10,30
Precedente: 3,0% / consenso: 3,0%
GB - Ppi (output) mm, aprile h. 10,30
Precedente: 0,4% / consenso: 0,3%
GER - Produzione industriale mm, marzo h. 12,00
Precedente: 1,6% / consenso: 0,5%
USA - Nuovi lavoratori dipendenti non agricoli, apr. h.14,30
Precedente: 216 x1000 / consenso: 180 x1000
USA - Salari contrattuali mm, aprile h. 14,30
Precedente: 0% / consenso: 0,2%
USA - Tasso di disoccupazione, aprile h. 14,30
Precedente: 8,8% / consenso: 8,8%
USA - Discorso di Yellen sulla crescita economica
in Finlandia h. 13,30
USA - Intervento di Dudley (Fed) a conferenza stampa
sull'economia regionale h. 16,00
Ultima modifica:
tommy271
Forumer storico
Greek Producer Price Inflation At 11-month High In March
4/29/2011 7:49 AM ET
(RTTNews) - Producer price inflation in Greece increased for a second straight month in March to its highest level in eleven months, the latest report released by the Hellenic Statistical Authority showed Friday.
Producer prices increased 8.7 year-on-year in March, faster than 8.5 percent in the previous month. The inflation rate is the highest since April last year, when it was 9.8 percent.
Prices in the domestic market rose 8.2 percent annually during the month, while prices of goods meant for export increased by 10.6 percent.
Intermediate goods prices rose 6.5 percent, while prices of capital goods and durables moved up 0.4 percent and 0.5 percent, respectively. There was an 18.9 percent increase in energy prices in March.
Month-on-month, prices moved up 1.6 percent, after rising 1.4 percent in February. Prices of goods sold in the domestic market rose 1.5 percent, while export goods prices grew by 2 percent.
4/29/2011 7:49 AM ET
(RTTNews) - Producer price inflation in Greece increased for a second straight month in March to its highest level in eleven months, the latest report released by the Hellenic Statistical Authority showed Friday.
Producer prices increased 8.7 year-on-year in March, faster than 8.5 percent in the previous month. The inflation rate is the highest since April last year, when it was 9.8 percent.
Prices in the domestic market rose 8.2 percent annually during the month, while prices of goods meant for export increased by 10.6 percent.
Intermediate goods prices rose 6.5 percent, while prices of capital goods and durables moved up 0.4 percent and 0.5 percent, respectively. There was an 18.9 percent increase in energy prices in March.
Month-on-month, prices moved up 1.6 percent, after rising 1.4 percent in February. Prices of goods sold in the domestic market rose 1.5 percent, while export goods prices grew by 2 percent.
sethi
Forumer storico
AIG fa scuola paga lo stato ossia i contribuenti, cioè gli altri stati zona euro ossia i contribuenti degli altri stati zona euro cioe........NOI......... e loro guadagnano compensi milionari ............
tommy271
Forumer storico
Eurostat: Euro Area Unemployment Rate At 9.9%
The euro area1 (EA17) seasonally-adjusted2 unemployment rate3 was 9.9% in March 2011, unchanged compared with February4. It was 10.1% in March 2010, according to Eurostat. The EU271 unemployment rate was 9.5% in March 2011, also unchanged compared with February4. It was 9.7% in March 2010.
Eurostat estimates that 22.828 million men and women in the EU27, of whom 15.596 million were in the euro area, were unemployed in March 2011. Compared with February 2011, the number of persons unemployed fell by 10 000 in the EU27 and by 9 000 in the euro area. Compared with March 2010, unemployment decreased by 291 000 in the EU27 and by 260 000 in the euro area.
Among the Member States, the lowest unemployment rates were recorded in the Netherlands (4.2%), Austria (4.3%) and Luxembourg (4.5%), and the highest in Spain (20.7%), Lithuania (17.3% in the fourth quarter of 2010) and Latvia (17.2% in the fourth quarter of 2010).
Compared with a year ago, the unemployment rate fell in sixteen Member States, increased in ten and remained stable in Poland. The largest falls were observed in Latvia (20.1% to 17.2% between the fourth quarters of 2009 and 2010), Estonia (16.1% to 14.3% between the fourth quarters of 2009 and 2010) and Germany (7.4% to 6.3%). The highest increases were registered in Greece (10.2% to 14.1% between the fourth quarters of 2009 and 2010), Bulgaria (9.7% to 11.4%) and Ireland (13.1% to 14.7%).
Between March 2010 and March 2011, the unemployment rate for males fell from 9.9% to 9.6% in the euro area and from 9.8% to 9.4% in the EU27. The female unemployment rate decreased from 10.3% to 10.2% in the euro area, but increased from 9.5% to 9.6% in the EU27.
In March 2011, the youth unemployment rate (under-25s) was 19.8% in the euro area and 20.7% in the EU27. In March 2010 it was 20.9% and 21.1% respectively. The lowest rates were observed in the Netherlands (6.9%), Germany (8.2%) and Austria (9.4%), and the highest in Spain (44.6%), Greece (36.1% in the fourth quarter of 2010), Slovakia (35.2%) and Lithuania (34.2% in the fourth quarter of 2010).
(capital.gr)
The euro area1 (EA17) seasonally-adjusted2 unemployment rate3 was 9.9% in March 2011, unchanged compared with February4. It was 10.1% in March 2010, according to Eurostat. The EU271 unemployment rate was 9.5% in March 2011, also unchanged compared with February4. It was 9.7% in March 2010.
Eurostat estimates that 22.828 million men and women in the EU27, of whom 15.596 million were in the euro area, were unemployed in March 2011. Compared with February 2011, the number of persons unemployed fell by 10 000 in the EU27 and by 9 000 in the euro area. Compared with March 2010, unemployment decreased by 291 000 in the EU27 and by 260 000 in the euro area.
Among the Member States, the lowest unemployment rates were recorded in the Netherlands (4.2%), Austria (4.3%) and Luxembourg (4.5%), and the highest in Spain (20.7%), Lithuania (17.3% in the fourth quarter of 2010) and Latvia (17.2% in the fourth quarter of 2010).
Compared with a year ago, the unemployment rate fell in sixteen Member States, increased in ten and remained stable in Poland. The largest falls were observed in Latvia (20.1% to 17.2% between the fourth quarters of 2009 and 2010), Estonia (16.1% to 14.3% between the fourth quarters of 2009 and 2010) and Germany (7.4% to 6.3%). The highest increases were registered in Greece (10.2% to 14.1% between the fourth quarters of 2009 and 2010), Bulgaria (9.7% to 11.4%) and Ireland (13.1% to 14.7%).
Between March 2010 and March 2011, the unemployment rate for males fell from 9.9% to 9.6% in the euro area and from 9.8% to 9.4% in the EU27. The female unemployment rate decreased from 10.3% to 10.2% in the euro area, but increased from 9.5% to 9.6% in the EU27.
In March 2011, the youth unemployment rate (under-25s) was 19.8% in the euro area and 20.7% in the EU27. In March 2010 it was 20.9% and 21.1% respectively. The lowest rates were observed in the Netherlands (6.9%), Germany (8.2%) and Austria (9.4%), and the highest in Spain (44.6%), Greece (36.1% in the fourth quarter of 2010), Slovakia (35.2%) and Lithuania (34.2% in the fourth quarter of 2010).
(capital.gr)
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