Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
- Creatore Discussione Imark
- Data di Inizio
- Stato
tommy271
Forumer storico
Eurozone puts demands, conditions on table
Greece will have to move quicker and with more consensus to secure loan instalment
Greece’s eurozone partners have asked for greater political consensus on reforms, a more aggressive privatization strategy and further cuts as conditions for approval of the next instalment of the country’s 110-billion-euro bailout and the further discussion of the possibility of restructuring or reprofiling its debt.
European Union finance ministers are due to discuss the state of the Greek economy on Tuesday after Greece’s Finance Minister Giorgos Papaconstantinou endured a grilling from his eurozone counterparts on Monday.
Sources said that it was made clear to Papaconstantinou that the 12-million-euro June instalment is on the line if the government fails to speed up its efforts to cut public spending and to increase revenues.
The Eurogroup seemed unimpressed with Greece’s plans to save 26 billion euros by 2015 as it has been informed by EU and International Monetary Fund officials that 10 million euros worth of these measures are questionable.
Finance ministers asked for Greece to reduce its deficit to 17 billion euros this year and to set up a private agency to oversee the sale of state assets in order to raise revenues.
They also called for some kind of public commitment from the opposition parties, particularly New Democracy, to support the measures. Sources said the Prime Minister George Papandreou spoke to ND leader Antonis Samaras this week and the conservative politician made it clear he would support specific reforms but would not give the government carte blanche.
Luxembourg’s Prime Minister and the head of the Eurogroup, Jean-Claude Juncker, indicated that if Greece can make progress by the time the eurozone finance ministers meet again on June 20, Athens would receive its loan instalment and further talks would be held on the issue of debt restructuring.
“Measures, measures and measures first,” said Juncker. «A large restructuring is no option,» Juncker said following a meeting of euro-zone finance ministers. «I wouldn't exclude in a definite way a kind of reprofiling.»
ekathimerini.com , Tuesday May 17, 2011 (11:31)
Greece will have to move quicker and with more consensus to secure loan instalment
European Union finance ministers are due to discuss the state of the Greek economy on Tuesday after Greece’s Finance Minister Giorgos Papaconstantinou endured a grilling from his eurozone counterparts on Monday.
Sources said that it was made clear to Papaconstantinou that the 12-million-euro June instalment is on the line if the government fails to speed up its efforts to cut public spending and to increase revenues.
The Eurogroup seemed unimpressed with Greece’s plans to save 26 billion euros by 2015 as it has been informed by EU and International Monetary Fund officials that 10 million euros worth of these measures are questionable.
Finance ministers asked for Greece to reduce its deficit to 17 billion euros this year and to set up a private agency to oversee the sale of state assets in order to raise revenues.
They also called for some kind of public commitment from the opposition parties, particularly New Democracy, to support the measures. Sources said the Prime Minister George Papandreou spoke to ND leader Antonis Samaras this week and the conservative politician made it clear he would support specific reforms but would not give the government carte blanche.
Luxembourg’s Prime Minister and the head of the Eurogroup, Jean-Claude Juncker, indicated that if Greece can make progress by the time the eurozone finance ministers meet again on June 20, Athens would receive its loan instalment and further talks would be held on the issue of debt restructuring.
“Measures, measures and measures first,” said Juncker. «A large restructuring is no option,» Juncker said following a meeting of euro-zone finance ministers. «I wouldn't exclude in a definite way a kind of reprofiling.»
ekathimerini.com , Tuesday May 17, 2011 (11:31)
tommy271
Forumer storico
Potrebbero fare qualche piccola operazione di cabotaggio, sulle scadenze a breve.
Come un paio di settimane fa ...
Qualcosa in cassa c'è.
Niente a che fare però con operazioni di ampio respiro: qui ci vuole il cash del EFSF.
tommy271
Forumer storico
Eurogroup Meeting Prolongs Uncertainty Over Greek Debt
The voluntary extension of the Greek debt expiring in 2012-2013 was discussed at the Eurogroup meeting, but any relevant decision has been postponed.
Once again European Finance Ministers ruled out a debt restructuring through a haircut of Greek government bonds, but admitted for the first time that a reprofiling of Greek debt for the next two years is possible, forasmuch as all measures provided by the Memorandum of Understanding fail. However, European Central Bank still rejects any proposal regarding a debt restructuring, warning about uncontrollable consequences.
The conclusion that comes from Eurogroup’s meeting is that the finance ministers can not yet decide on the fate of Greek debt, as the diversity of views among member states remains the key feature.
According to unconfirmed Capital.gr information, despite the endless debate about Greece, the ministers weren’t updated by troika, whose representatives travelled to Brussels for this very reason. They agreed instead to postpone the issue for June with the excuse that the troika’s review is not yet completed and therefore there is no efficient data for a decision.
Some ministers raised the “German” proposal of a privatization committee under troika’s supervision, but they didn’t insist because of objections.
However, the proposal is expected to reopen before the European Summit in June. As for the fifth trance of the aid loan, the European Commission has cleared that if the troika’s assessment is negative, then the European Council will be called to make a political decision on whether the instalment will be released and how.
(capital.gr)
***
Questione della "quinta tranche" e riprofilatura delle scadenze 2012/2013.
The voluntary extension of the Greek debt expiring in 2012-2013 was discussed at the Eurogroup meeting, but any relevant decision has been postponed.
Once again European Finance Ministers ruled out a debt restructuring through a haircut of Greek government bonds, but admitted for the first time that a reprofiling of Greek debt for the next two years is possible, forasmuch as all measures provided by the Memorandum of Understanding fail. However, European Central Bank still rejects any proposal regarding a debt restructuring, warning about uncontrollable consequences.
The conclusion that comes from Eurogroup’s meeting is that the finance ministers can not yet decide on the fate of Greek debt, as the diversity of views among member states remains the key feature.
According to unconfirmed Capital.gr information, despite the endless debate about Greece, the ministers weren’t updated by troika, whose representatives travelled to Brussels for this very reason. They agreed instead to postpone the issue for June with the excuse that the troika’s review is not yet completed and therefore there is no efficient data for a decision.
Some ministers raised the “German” proposal of a privatization committee under troika’s supervision, but they didn’t insist because of objections.
However, the proposal is expected to reopen before the European Summit in June. As for the fifth trance of the aid loan, the European Commission has cleared that if the troika’s assessment is negative, then the European Council will be called to make a political decision on whether the instalment will be released and how.
(capital.gr)
***
Questione della "quinta tranche" e riprofilatura delle scadenze 2012/2013.
tommy271
Forumer storico
ASE Moves Between Profits And Losses
The General Index of the Athens Exchange moves between profits and losses on Tuesday, while the turnover remains thin, unable to support any substantial reaction following yesterday’s lows.
Banks had posted profits of 1.57% earlier, moving in positive territory since the beginning of the session, while the auction of Greek treasury bills is at the centre of attention.
The lack of significant domestic news flow along with the negative sentiment in foreign markets are expected to maintain the downward momentum of the Greek capital market, which appears weak recently to carry even an intraday upward move, commented Pegasus Securities in its morning report.
“Technically, trading at the 14-year low region obviously decreases the effectiveness of support and resistance levels”, said Pegasus, which places the next support level at 1,280 units.
The market will most probably accumulate at current price levels with the risk lying to the downside, according to Marfin Analysis, while Eurobank Securities noted that investor sentiment is fragile, at a time where global capital markets seem to be in a rather profit-taking mode. Domestically, focus would likely remain on the country΄s debt dynamics, Eurobank added.
Across the board, the General Index is at 1,327.46 units, with minor losses of 0.21%. The turnover stands at €20m, while a total amount of 43 shares rise, 43 decline and 41 remain unchanged.
Banks move upwards by 1.23% at 979.00 units. Eurobank soars by 3.44%, while ATEbank, Alpha Bank and National Bank gain 1.96%, 1.44% and 1.07% respectively.
(capital.gr)
The General Index of the Athens Exchange moves between profits and losses on Tuesday, while the turnover remains thin, unable to support any substantial reaction following yesterday’s lows.
Banks had posted profits of 1.57% earlier, moving in positive territory since the beginning of the session, while the auction of Greek treasury bills is at the centre of attention.
The lack of significant domestic news flow along with the negative sentiment in foreign markets are expected to maintain the downward momentum of the Greek capital market, which appears weak recently to carry even an intraday upward move, commented Pegasus Securities in its morning report.
“Technically, trading at the 14-year low region obviously decreases the effectiveness of support and resistance levels”, said Pegasus, which places the next support level at 1,280 units.
The market will most probably accumulate at current price levels with the risk lying to the downside, according to Marfin Analysis, while Eurobank Securities noted that investor sentiment is fragile, at a time where global capital markets seem to be in a rather profit-taking mode. Domestically, focus would likely remain on the country΄s debt dynamics, Eurobank added.
Across the board, the General Index is at 1,327.46 units, with minor losses of 0.21%. The turnover stands at €20m, while a total amount of 43 shares rise, 43 decline and 41 remain unchanged.
Banks move upwards by 1.23% at 979.00 units. Eurobank soars by 3.44%, while ATEbank, Alpha Bank and National Bank gain 1.96%, 1.44% and 1.07% respectively.
(capital.gr)
Topgun1976
Guest
Ecco...tra poco si passerà alla ristrutturazione..la strada è apertaJUNCKER (EUROGRUPPO) - DOBBIAMO ARRIVARE A UNA RISTRUTTURAZIONE MORBIDA DEL DEBITO GRECOReuters - 17/05/2011 11:58:25
ghibli_70
Nuovo forumer
Successo dell'asta di titoli di Stato della Grecia. Piazza Affari sale con le banche in rialzo
Websim - 17/05/2011 11:51:01
Le Borse europee hanno annullato i cali iniziali e sono passate a metà mattina in cauto rialzo. A Milano l'indice FtseMib avanza dello 0,4% con buoni progressi per le banche dopo il successo dell'asta di titoli di Stato della Grecia e della Spagna.
Le Borse di Londra e Parigi salgono dello 0,1%, Francoforte scivola in calo dello 0,5% dopo il dato deludente dell'indice Zew. La Borsa di Madrid sale dello 0,3%.
Il governo di Atene ha collocato poco fa 1,62 miliardi di titoli di Stato a 3 mesi al tasso del 4,06%, in calo dal 4,10% della precedente asta di aprile. La domanda è stata pari a 3,3 volte l'offerta.
La Spagna ha piazzato 5,5 miliardi di bond con scadenza a 12 e 18 mesi con rendimenti in calo tra i 20 e 25 punti base rispetto all'asta precedente.
L'euro si rafforza a 1,42 euro contro il dollaro, da 1,415 della chiusura di ieri sera. La valuta unica non risente del dato deludente dell'indice Zew, che misura la fiducia degli investitori in Germania: lo Zew è sceso a quota 3,1 da 7,6 di maggio, contro una media delle previsioni che lo indicava a 5.
Ieri i ministri delle Finanze della zona euro hanno approvato un pacchetto di emergenza per il Portogallo da 78 miliardi di euro e hanno dichiarato che valuteranno se chiedere ai creditori privati della Grecia di estendere le scadenze dei bond.
Il petrolio americano Wti è scambiato a 97,3 dollari al barile, sostanzialmente invariato rispetto al livello dove è sceso ieri sera perdendo il 2,2%.
In Europa salgono i titoli delle tlc (Stoxx del settore +0,7%) guidati dal rialzo di Vodafone (VOD.L) che guadagna l'1,9% dopo avere annunciato risultati migliori delle attese. Ma Telecom Italia (TIT.MI) scivola in calo dello 0,1%.
Il rimbalzo delle banche guida il recupero della Borsa di Milano. Banco Popolare (BP.MI) sale del 2,5%, Ubi (UBI.MI) avanza dell'1,5%, bene anche Unicredit (UCG.MI) +1,4% che ha incassato due promozioni, una da Hsbc e l'altra da Kbw. Su Unicredit è stato inviato un WEBSIM SMS ALERT prima dell'apertura della Borsa.
Intesa (ISP.MI) sale dello 0,7%, Pop.Milano (PMI.MI) +0,5%, MontePaschi (BMPS.MI) +1%.
Fra le assicurazioni Fondiaria-Sai (FSA.MI) e Generali (G.MI) salgono entrambe dello 0,5%.
Al rialzo dei titoli finanziari si contrappone un generalizzato calo degli industriali. Fiat (F.MI) scende dell'1%, Finmeccanica (FNC.MI) perde l'1%, Prysmian (PRY.MI) -0,3%, StM (STM.MI) -0,7%.
Debole Tenaris (TEN.MI) che arretra dell'1,4%. Il primo produttore al mondo di tubi per l'industria petrolifera è condizionato dal calo delle quotazioni del greggio. Eni (ENI.MI), invece, sale dello 0,2% e Saipem (SPM.MI) guadagna l'1,1%.
Websim S.p.A.
Websim - 17/05/2011 11:51:01
Le Borse europee hanno annullato i cali iniziali e sono passate a metà mattina in cauto rialzo. A Milano l'indice FtseMib avanza dello 0,4% con buoni progressi per le banche dopo il successo dell'asta di titoli di Stato della Grecia e della Spagna.
Le Borse di Londra e Parigi salgono dello 0,1%, Francoforte scivola in calo dello 0,5% dopo il dato deludente dell'indice Zew. La Borsa di Madrid sale dello 0,3%.
Il governo di Atene ha collocato poco fa 1,62 miliardi di titoli di Stato a 3 mesi al tasso del 4,06%, in calo dal 4,10% della precedente asta di aprile. La domanda è stata pari a 3,3 volte l'offerta.
La Spagna ha piazzato 5,5 miliardi di bond con scadenza a 12 e 18 mesi con rendimenti in calo tra i 20 e 25 punti base rispetto all'asta precedente.
L'euro si rafforza a 1,42 euro contro il dollaro, da 1,415 della chiusura di ieri sera. La valuta unica non risente del dato deludente dell'indice Zew, che misura la fiducia degli investitori in Germania: lo Zew è sceso a quota 3,1 da 7,6 di maggio, contro una media delle previsioni che lo indicava a 5.
Ieri i ministri delle Finanze della zona euro hanno approvato un pacchetto di emergenza per il Portogallo da 78 miliardi di euro e hanno dichiarato che valuteranno se chiedere ai creditori privati della Grecia di estendere le scadenze dei bond.
Il petrolio americano Wti è scambiato a 97,3 dollari al barile, sostanzialmente invariato rispetto al livello dove è sceso ieri sera perdendo il 2,2%.
In Europa salgono i titoli delle tlc (Stoxx del settore +0,7%) guidati dal rialzo di Vodafone (VOD.L) che guadagna l'1,9% dopo avere annunciato risultati migliori delle attese. Ma Telecom Italia (TIT.MI) scivola in calo dello 0,1%.
Il rimbalzo delle banche guida il recupero della Borsa di Milano. Banco Popolare (BP.MI) sale del 2,5%, Ubi (UBI.MI) avanza dell'1,5%, bene anche Unicredit (UCG.MI) +1,4% che ha incassato due promozioni, una da Hsbc e l'altra da Kbw. Su Unicredit è stato inviato un WEBSIM SMS ALERT prima dell'apertura della Borsa.
Intesa (ISP.MI) sale dello 0,7%, Pop.Milano (PMI.MI) +0,5%, MontePaschi (BMPS.MI) +1%.
Fra le assicurazioni Fondiaria-Sai (FSA.MI) e Generali (G.MI) salgono entrambe dello 0,5%.
Al rialzo dei titoli finanziari si contrappone un generalizzato calo degli industriali. Fiat (F.MI) scende dell'1%, Finmeccanica (FNC.MI) perde l'1%, Prysmian (PRY.MI) -0,3%, StM (STM.MI) -0,7%.
Debole Tenaris (TEN.MI) che arretra dell'1,4%. Il primo produttore al mondo di tubi per l'industria petrolifera è condizionato dal calo delle quotazioni del greggio. Eni (ENI.MI), invece, sale dello 0,2% e Saipem (SPM.MI) guadagna l'1,1%.
Websim S.p.A.
tommy271
Forumer storico
Greece Sells €1.625b 13-Week T-Bills
Greece has sold €1.625b of 13- week Treasury Bills in an auction on Tuesday, with uniform yield at 4.06% and maturity on August 19, 2011.
The amount auctioned was €1.25b, with bid-to-cover ratio at 3.3, according to the Public Debt Management Agency.
Moreover, following are details of the auction.
Issue 13-week t-bills
Maturity Aug. 19, 2011
Amount on offer 1.25 bln
Bids received 4.126 bln
Bids accepted 1.625 bln
Bid-to-cover ratio 3.3 (3.45)
Uniform yield 4.06% (4.10%)
Cut-off price 98.984 (99.019)
Settlement date May 20, 2011
(capital.gr)
***
Tutti i dati nel dettaglio.
Greece has sold €1.625b of 13- week Treasury Bills in an auction on Tuesday, with uniform yield at 4.06% and maturity on August 19, 2011.
The amount auctioned was €1.25b, with bid-to-cover ratio at 3.3, according to the Public Debt Management Agency.
Moreover, following are details of the auction.
Issue 13-week t-bills
Maturity Aug. 19, 2011
Amount on offer 1.25 bln
Bids received 4.126 bln
Bids accepted 1.625 bln
Bid-to-cover ratio 3.3 (3.45)
Uniform yield 4.06% (4.10%)
Cut-off price 98.984 (99.019)
Settlement date May 20, 2011
(capital.gr)
***
Tutti i dati nel dettaglio.
tommy271
Forumer storico
Troika Questions €26b Medium-Term Package Strongly
The negotiations for the new package of measures enter the final phase, under severe conditions for the Greek government.
Finance Minister Giorgos Papakonstantinou arrives in Athens with the troika representatives to resume the negotiations, but further back from where he left them a day ago.
According to sources, ministers dealt the presentation of Greek measures to the Eurogroup meeting with displeasure and disaffectedness, and stated timidity in government’s interventions, resulting in the postponement of decisions for at least a month, until the meeting in June.
The Ministry resumes the final negotiations of the two packages of €26b revenue measures and €50b privatizations. Officials consider almost impossible to reach an agreement on Wednesday, as scheduled, while some others note that there is a slight possibility of continuing next week as more issues have raised:
- The establishment of an independent body is considered a step beyond by the troika, but state members ask for additional collaterals.
- The package has been finalized at €26b, of which €6-7b should be raised within 2011, but there is no agreement yet for the measures of 2011.
The troika also asks for bold commitments for shutdowns in loss-making public enterprises and bodies.
Moreover, it demands very specific reports for all social and welfare benefits, new single payroll, supplementary pensions, new taxes and regulations in arbitrary buildings.
-A new factor that complicates even more the situation is the very intense pressure from Brussels for political consensus on the measures.
(capital.gr)
The negotiations for the new package of measures enter the final phase, under severe conditions for the Greek government.
Finance Minister Giorgos Papakonstantinou arrives in Athens with the troika representatives to resume the negotiations, but further back from where he left them a day ago.
According to sources, ministers dealt the presentation of Greek measures to the Eurogroup meeting with displeasure and disaffectedness, and stated timidity in government’s interventions, resulting in the postponement of decisions for at least a month, until the meeting in June.
The Ministry resumes the final negotiations of the two packages of €26b revenue measures and €50b privatizations. Officials consider almost impossible to reach an agreement on Wednesday, as scheduled, while some others note that there is a slight possibility of continuing next week as more issues have raised:
- The establishment of an independent body is considered a step beyond by the troika, but state members ask for additional collaterals.
- The package has been finalized at €26b, of which €6-7b should be raised within 2011, but there is no agreement yet for the measures of 2011.
The troika also asks for bold commitments for shutdowns in loss-making public enterprises and bodies.
Moreover, it demands very specific reports for all social and welfare benefits, new single payroll, supplementary pensions, new taxes and regulations in arbitrary buildings.
-A new factor that complicates even more the situation is the very intense pressure from Brussels for political consensus on the measures.
(capital.gr)
- Stato
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