Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
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tommy271
Forumer storico
tommy271
Forumer storico
EU seeks to ease China's euro zone fears
By Ben Blanchard
BEIJING | Tue May 17, 2011 2:45am EDT
BEIJING (Reuters) - Europe will not let the euro fail and European Union countries are committed to cutting deficits, the president of the European Council told Chinese officials on Tuesday, seeking to ease fears that the euro zone crisis could imperil China's investments.
"All EU countries are bringing down public deficits. The most vulnerable countries are undertaking determined action to come out of the crisis," President Herman Van Rompuy said in a speech at the Central Party School in northwest Beijing, which trains rising Chinese leaders.
His four-day China visit has coincided with a deterioration in Europe's 18-month sovereign debt crisis, with growing concerns that Greece could be forced to restructure its debts and Ireland and Portugal also coming under pressure.
China signaled last month that it was ready to buy more debt from the euro zone's weaker states. There are no precise figures, but China has said it has bought billions of euros of debt.
"The euro is the world's second reserve currency and a strong and stable currency -- even too strong, compared, for instance, to your currency," he said.
"We are determined to defend and develop these assets, to the benefit of our citizens and in a dialogue with partners."
"I want to acknowledge the confidence that China has demonstrated toward Europe in those difficult moments. A stable euro zone is in our common interest," Van Rompuy said in remarks to officials studying at the sprawling school.
"China is investing in the euro zone and it (is) evidence of their confidence in the future of the euro zone and of the euro as an important reserve currency in the world."
Van Rompuy said that Greece and Ireland had received financial assistance attached to strict policy measures and that an agreement with Portugal had been reached.
"And allow me to remind you that although these countries enjoy a disproportionately high attention of international press, together they represent only 6 percent of the euro zone's GDP," he said.
Van Rompuy noted the strengthening of the banking regulation and EU's economic recovery, with expectations of 1.8 percent growth in the EU this year, and 2 percent growth in 2012.
"From the European side, our main contribution to stability for the world economy is first of all to put our house in order, stronger governance of the euro zone, and tackling the problems of weak economies and weak budgets," he said.
Van Rompuy also delicately pressed again on human rights and democracy, in his speech to Communist officials who will one day be charged with running the one-Party state, saying the world should learn a lesson from the present Middle East tumult.
"For us, the 'Arab Spring' has been a clear reminder that the values of justice, democracy and social development are universal," he said.
China's leaders are increasingly unyielding in the face of Western pressure but also wary about what they see as foreign-inspired dissent and subversion.
That alarm only grew after overseas Chinese websites in February spread calls for protests across China inspired by the "Jasmine Revolution" of anti-authoritarian uprisings across the Arab world.
China has this year jailed, detained or placed in secretive informal custody dozens of dissidents, human rights lawyers and protesters it fears will challenge Communist Party rule.
(Bloomberg)
By Ben Blanchard
BEIJING | Tue May 17, 2011 2:45am EDT
BEIJING (Reuters) - Europe will not let the euro fail and European Union countries are committed to cutting deficits, the president of the European Council told Chinese officials on Tuesday, seeking to ease fears that the euro zone crisis could imperil China's investments.
"All EU countries are bringing down public deficits. The most vulnerable countries are undertaking determined action to come out of the crisis," President Herman Van Rompuy said in a speech at the Central Party School in northwest Beijing, which trains rising Chinese leaders.
His four-day China visit has coincided with a deterioration in Europe's 18-month sovereign debt crisis, with growing concerns that Greece could be forced to restructure its debts and Ireland and Portugal also coming under pressure.
China signaled last month that it was ready to buy more debt from the euro zone's weaker states. There are no precise figures, but China has said it has bought billions of euros of debt.
"The euro is the world's second reserve currency and a strong and stable currency -- even too strong, compared, for instance, to your currency," he said.
"We are determined to defend and develop these assets, to the benefit of our citizens and in a dialogue with partners."
"I want to acknowledge the confidence that China has demonstrated toward Europe in those difficult moments. A stable euro zone is in our common interest," Van Rompuy said in remarks to officials studying at the sprawling school.
"China is investing in the euro zone and it (is) evidence of their confidence in the future of the euro zone and of the euro as an important reserve currency in the world."
Van Rompuy said that Greece and Ireland had received financial assistance attached to strict policy measures and that an agreement with Portugal had been reached.
"And allow me to remind you that although these countries enjoy a disproportionately high attention of international press, together they represent only 6 percent of the euro zone's GDP," he said.
Van Rompuy noted the strengthening of the banking regulation and EU's economic recovery, with expectations of 1.8 percent growth in the EU this year, and 2 percent growth in 2012.
"From the European side, our main contribution to stability for the world economy is first of all to put our house in order, stronger governance of the euro zone, and tackling the problems of weak economies and weak budgets," he said.
Van Rompuy also delicately pressed again on human rights and democracy, in his speech to Communist officials who will one day be charged with running the one-Party state, saying the world should learn a lesson from the present Middle East tumult.
"For us, the 'Arab Spring' has been a clear reminder that the values of justice, democracy and social development are universal," he said.
China's leaders are increasingly unyielding in the face of Western pressure but also wary about what they see as foreign-inspired dissent and subversion.
That alarm only grew after overseas Chinese websites in February spread calls for protests across China inspired by the "Jasmine Revolution" of anti-authoritarian uprisings across the Arab world.
China has this year jailed, detained or placed in secretive informal custody dozens of dissidents, human rights lawyers and protesters it fears will challenge Communist Party rule.
(Bloomberg)
tommy271
Forumer storico
giub
New Membro
meglio perdere due banchette o tutto il resto?
Poi non ho capito, la aziende sono indebitate "dalle banche"?
Poniamo a caso che la mia azienda ha debiti in euro che diventano debiti in newdracme....che valgono 1/5 dell'euro...
tommy271
Forumer storico
Se era così semplice, l'avrebbero già fatto.
E' tutto correlato, se ristrutturano il debito crollano le banche greche.
Crolla l'economia e il paese è allo sbando: non ci sono soldi per pagare stipendi e pensioni.
Si ritorna alla Dracma ma succede come in alcune ex repubbliche Yugoslave: la vera moneta accettata è l'Euro, anche se non è ufficiale.
La nuova moneta è carta straccia che non vuole nessuno.
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tommy271
Forumer storico
Greece must do "homework" to stay in euro -Austria
Tue May 17, 2011 3:10am EDT
(Repeats to additional subscribers)
BRUSSELS May 17 (Reuters) - Greece must do its "homework" by fulfilling previous fiscal pledges if it wants to stay in the euro zone, Austrian finance minister Maria Fekter said on Tuesday.
"Before Greece does its homework, no money can flow," Fekter said outside a meeting of finance ministers in Brussels.
"You can't make promises and then not get privatisation on its way," she added. "Greece is still remaining in the state we had in the seventies. It doesn't work that way. If you've cheated your way into the euro, then you have to catch up on your homework now. That's the homework necessary so that one can stay in a stable euro zone."
Fekter also said she was confident Portugal would soon be able to finance itself again and would need no further support.
Tue May 17, 2011 3:10am EDT
(Repeats to additional subscribers)
BRUSSELS May 17 (Reuters) - Greece must do its "homework" by fulfilling previous fiscal pledges if it wants to stay in the euro zone, Austrian finance minister Maria Fekter said on Tuesday.
"Before Greece does its homework, no money can flow," Fekter said outside a meeting of finance ministers in Brussels.
"You can't make promises and then not get privatisation on its way," she added. "Greece is still remaining in the state we had in the seventies. It doesn't work that way. If you've cheated your way into the euro, then you have to catch up on your homework now. That's the homework necessary so that one can stay in a stable euro zone."
Fekter also said she was confident Portugal would soon be able to finance itself again and would need no further support.
tommy271
Forumer storico
Greece May Sell Hellenic Telecom Stake in June, Kathimerini Says
By Natalie Weeks - May 17, 2011 8:47 AM GMT+0200 Tue May 17 06:47:37 GMT 2011
Hellenic Telecom may proceed with further cost cuts, including to benefits paid to employees, the Athens-based newspaper said, citing Chief Executive Officer Michael Tsamaz.
Deutsche Telekom holds a 30 percent stake in Hellenic Telecom and the Greek state owns 20 percent of the company.
(Bloomberg)
By Natalie Weeks - May 17, 2011 8:47 AM GMT+0200 Tue May 17 06:47:37 GMT 2011
Hellenic Telecom may proceed with further cost cuts, including to benefits paid to employees, the Athens-based newspaper said, citing Chief Executive Officer Michael Tsamaz.
Deutsche Telekom holds a 30 percent stake in Hellenic Telecom and the Greek state owns 20 percent of the company.
(Bloomberg)
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