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tommy271
Forumer storico
Norway Suspends $42 Million in EEA Greek Development Funds
By Marianne Stigset and Josiane Kremer - May 20, 2011 5:13 PM GMT+0200 Fri May 20 15:13:06 GMT 2011
“Greece had committed to paying 50 percent of each project. This was not followed up,” Norwegian Foreign Ministry said in a statement posted on its website yesterday. “It’s also unclear whether the money already transferred to the Greek authorities was forwarded to the appropriate recipients.”
About 13 million kroner of the committed funds for the period of 2004 to 2009 had been paid out, the ministry said.
Greece’s debt will balloon to 157.7 percent of gross domestic product in 2011 as the economy slumps for the third year, the European Commission forecast last week, fueling doubts whether the country will generate enough growth to pay its bills.
The government has implemented austerity measures including wage and pension cuts and higher sales taxes in exchange for a 110 billion-euro bailout from the EU and International Monetary Fund that was agreed on last May.
(Bloomberg)
By Marianne Stigset and Josiane Kremer - May 20, 2011 5:13 PM GMT+0200 Fri May 20 15:13:06 GMT 2011
“Greece had committed to paying 50 percent of each project. This was not followed up,” Norwegian Foreign Ministry said in a statement posted on its website yesterday. “It’s also unclear whether the money already transferred to the Greek authorities was forwarded to the appropriate recipients.”
About 13 million kroner of the committed funds for the period of 2004 to 2009 had been paid out, the ministry said.
Greece’s debt will balloon to 157.7 percent of gross domestic product in 2011 as the economy slumps for the third year, the European Commission forecast last week, fueling doubts whether the country will generate enough growth to pay its bills.
The government has implemented austerity measures including wage and pension cuts and higher sales taxes in exchange for a 110 billion-euro bailout from the EU and International Monetary Fund that was agreed on last May.
(Bloomberg)
tommy271
Forumer storico
Norway Suspends NOK235M Greek Grant For Social Projects
By Gustav Sandstrom
Of DOW JONES NEWSWIRES
Norway, Iceland and Lichtenstein have suspended a 235 million Norwegian kroner ($42 million) grant to Greece because they find that the country hasn't lived up to its obligations under the grant agreement, the Norwegian foreign ministry said.
The grant was intended for a number of projects aiming to reduce differing economic and social conditions in Southern and Central Europe, the ministry said in a statement on its website. So far NOK13 million have been paid out for the projects.
Greece was required to take a 50% stake in all of the projects, but hasn't done so, the ministry said.
Norway's foreign ministry said it was unsure whether the money already transferred to Greek authorities has been sent on to the right recipients. Norway also has asked Greek authorities to document how the money has been used, the ministry said.
Norway, Iceland and Liechtenstein are not members of the European Union, which a year ago together with the International Monetary Fund put together a EUR110 billion bailout package to help Greece avoid defaulting on its debt.
But the three countries are members of the broader European Economic Area and participate in other financial aid programs in the region.
The suspension of the program is negligible considering concerns that Greece might need more financial aid from the IMF and the EU to cover funding needs for the next two years. Some European officials expect a new rescue package to come after an IMF audit of Greece's budget next month.
Greece has cut its budget deficit by about a third, to 10.5% of gross domestic product last year, and the government is expected to shortly announce a further EUR26 billion in new austerity measures to narrow that gap to 1% by 2015.
Austerity measures imposed on Greece by the EU and the IMF have weighed heavily on Greece's already sputtering economy, now entering a third year of recession after shrinking a worse-than-expected 4.5% last year, and with only a modest recovery expected later in 2011.
Greece has already cut its budget deficit by roughly a third, to 10.5% of gross domestic product last year. However, recent revisions in prior annual figures and a deeper-than-expected recession mean that Greece will need the additional EUR6 billion in austerity measures this year to meet its deficit goals.
By Gustav Sandstrom
Of DOW JONES NEWSWIRES
Norway, Iceland and Lichtenstein have suspended a 235 million Norwegian kroner ($42 million) grant to Greece because they find that the country hasn't lived up to its obligations under the grant agreement, the Norwegian foreign ministry said.
The grant was intended for a number of projects aiming to reduce differing economic and social conditions in Southern and Central Europe, the ministry said in a statement on its website. So far NOK13 million have been paid out for the projects.
Greece was required to take a 50% stake in all of the projects, but hasn't done so, the ministry said.
Norway's foreign ministry said it was unsure whether the money already transferred to Greek authorities has been sent on to the right recipients. Norway also has asked Greek authorities to document how the money has been used, the ministry said.
Norway, Iceland and Liechtenstein are not members of the European Union, which a year ago together with the International Monetary Fund put together a EUR110 billion bailout package to help Greece avoid defaulting on its debt.
But the three countries are members of the broader European Economic Area and participate in other financial aid programs in the region.
The suspension of the program is negligible considering concerns that Greece might need more financial aid from the IMF and the EU to cover funding needs for the next two years. Some European officials expect a new rescue package to come after an IMF audit of Greece's budget next month.
Greece has cut its budget deficit by about a third, to 10.5% of gross domestic product last year, and the government is expected to shortly announce a further EUR26 billion in new austerity measures to narrow that gap to 1% by 2015.
Austerity measures imposed on Greece by the EU and the IMF have weighed heavily on Greece's already sputtering economy, now entering a third year of recession after shrinking a worse-than-expected 4.5% last year, and with only a modest recovery expected later in 2011.
Greece has already cut its budget deficit by roughly a third, to 10.5% of gross domestic product last year. However, recent revisions in prior annual figures and a deeper-than-expected recession mean that Greece will need the additional EUR6 billion in austerity measures this year to meet its deficit goals.
Ultima modifica:
tommy271
Forumer storico
Fitch says Greece will need help beyond mid-2013
ATHENS | Fri May 20, 2011 11:54am EDT
ATHENS (Reuters) - Greece will not be able to return to bond markets before mid-2013 and will need more funding beyond that point, a Fitch analyst said on Friday after cutting the country's credit rating deeper into junk territory.
"We think it unlikely that Greece will be able to return to the bond market by mid-2013," Fitch senior director Paul Rawkins told Reuters.
"We would expect new aid to Greece to extend beyond May 2013, when the current EU/IMF program expires," he added. "It should probably be long enough for Greece to get a recovery in place, the fiscal position to be looking much better and the debt to be beginning to come down."
ATHENS | Fri May 20, 2011 11:54am EDT
ATHENS (Reuters) - Greece will not be able to return to bond markets before mid-2013 and will need more funding beyond that point, a Fitch analyst said on Friday after cutting the country's credit rating deeper into junk territory.
"We think it unlikely that Greece will be able to return to the bond market by mid-2013," Fitch senior director Paul Rawkins told Reuters.
"We would expect new aid to Greece to extend beyond May 2013, when the current EU/IMF program expires," he added. "It should probably be long enough for Greece to get a recovery in place, the fiscal position to be looking much better and the debt to be beginning to come down."
Comandante Gerard
Forumer storico
Parliamoci chiaro:
se la Grecia fosse uno Stato sudamericano sarebbe fallita da un pezzo.
L' FMI come sempre ha fatto in precedenza con gli pseudosalvataggi dei cosiddetti "emergenti" avrebbe imposto condizioni da schiavitù che forse il peggior usuraio non oserebbe chiedere.
Gli emergenti ora sono in gran parte "emersi".
L'FMI finora con la Grecia non è stato però altrettanto "schiavista"...
Ora si è aggiunto il fatto che quel "porcone" di DSK ha dovuto dimettersi.
Qualche stato emerso, legittimamente, rivendica la poltrona e forse un'identico trattamento da riservare alla Grecia.
Un bel contrappasso. E come dargli torto.
Lo spostamento del potere economico-politico è già molto più avanzato di quanto si sia immaginato finora.
Lo ha rivelato una cameriera del Sofitel di N.Y.
Improvvisamente diventa fondamentale che il posto di DSK sia dato a Madame Christine .
Un problema in più, e non di poco conto, per gli "statisti" della vecchia, in tutti i sensi, Europa.
se la Grecia fosse uno Stato sudamericano sarebbe fallita da un pezzo.
L' FMI come sempre ha fatto in precedenza con gli pseudosalvataggi dei cosiddetti "emergenti" avrebbe imposto condizioni da schiavitù che forse il peggior usuraio non oserebbe chiedere.
Gli emergenti ora sono in gran parte "emersi".
L'FMI finora con la Grecia non è stato però altrettanto "schiavista"...
Ora si è aggiunto il fatto che quel "porcone" di DSK ha dovuto dimettersi.
Qualche stato emerso, legittimamente, rivendica la poltrona e forse un'identico trattamento da riservare alla Grecia.
Un bel contrappasso. E come dargli torto.
Lo spostamento del potere economico-politico è già molto più avanzato di quanto si sia immaginato finora.
Lo ha rivelato una cameriera del Sofitel di N.Y.
Improvvisamente diventa fondamentale che il posto di DSK sia dato a Madame Christine .
Un problema in più, e non di poco conto, per gli "statisti" della vecchia, in tutti i sensi, Europa.
tommy271
Forumer storico
Largarde urges Greek asset sales, coy on IMF job
VIENNA | Fri May 20, 2011 11:58am EDT
VIENNA May 20 (Reuters) - French Finance Minister Christine Lagarde urged Greece on Friday to press head with privatisation plans to help it avert a threatened sovereign default but ruled out any rescheduling of the country's debt.
Lagarde said she would welcome any concessions made voluntarily by banks holding Greek bonds, however.
"Greece is threatened with state bankruptcy," Lagarde told Austrian newspaper Der Standard in an interview released ahead of publication on Saturday.
"On Monday we (euro zone) finance ministers expressed strong concerns about the sluggish progress. Together, these should suffice for now to spur the government in Athens to start the privatisations," she added.
Lagarde said she believed Europeans should play an active role in international organisations but declined to comment on whether she was in line to head the International Monetary Fund:
"I am pro-Europe and represent a euro zone country, so I am naturally convinced that Europeans should be active in international organisations and have to show presence."
Pressed on whether she would switch to the IMF, she said: "I feel very flattered but I will say nothing else about it."
VIENNA | Fri May 20, 2011 11:58am EDT
VIENNA May 20 (Reuters) - French Finance Minister Christine Lagarde urged Greece on Friday to press head with privatisation plans to help it avert a threatened sovereign default but ruled out any rescheduling of the country's debt.
Lagarde said she would welcome any concessions made voluntarily by banks holding Greek bonds, however.
"Greece is threatened with state bankruptcy," Lagarde told Austrian newspaper Der Standard in an interview released ahead of publication on Saturday.
"On Monday we (euro zone) finance ministers expressed strong concerns about the sluggish progress. Together, these should suffice for now to spur the government in Athens to start the privatisations," she added.
Lagarde said she believed Europeans should play an active role in international organisations but declined to comment on whether she was in line to head the International Monetary Fund:
"I am pro-Europe and represent a euro zone country, so I am naturally convinced that Europeans should be active in international organisations and have to show presence."
Pressed on whether she would switch to the IMF, she said: "I feel very flattered but I will say nothing else about it."
Baro
Umile contadino
Di solito non tifiamo per i francesi e la loro grandeur ma stavolta bisognerà farlo per la Lagarde.Credo proprio di si ...
E come dice il Comandante Gerard tra stasera sino a domenica si riuniranno i membri della Carboneria.
Tante le decisioni da prendere.
Per primis quella del FMI, poi le altre...
Attendiamo news dalla Germania, di solito arrivano da lì ...
tommy271
Forumer storico
Sarebbe un buon segno di cambiamento se a capo di un importante organismo internazionale ci fosse una donna ...
Ultima modifica:
tommy271
Forumer storico
Borse:Francoforte chiude in calo -1,24%
Pesa il rischio Grecia dopo abbassamento rating debito sovrano
(ANSA) - ROMA, 20 MAG - L'indice Dax dei trenta titoli a maggior capitalizzazione della Borsa di Francoforte ha chiuso in deciso calo (- 1,24% a 7.266,82 punti) in conseguenza del nuovo ribasso del rating della Grecia da parte dell'agenzia Fitch.
***
Le news positive ...
Pesa il rischio Grecia dopo abbassamento rating debito sovrano
(ANSA) - ROMA, 20 MAG - L'indice Dax dei trenta titoli a maggior capitalizzazione della Borsa di Francoforte ha chiuso in deciso calo (- 1,24% a 7.266,82 punti) in conseguenza del nuovo ribasso del rating della Grecia da parte dell'agenzia Fitch.
***
Le news positive ...
tommy271
Forumer storico
Grecia rischia fallimento, urgono privatizzazioni - Lagarde
venerdì 20 maggio 2011 18:15
VIENNA, 20 maggio (Reuters) - In un'intervista a un quotidiano austriaco, il ministro delle Finanze francese Christine Lagarde, considerata in pole per la successione a Dominique Strauss-Kahn alla guida del Fmi, ha affermato che la Grecia è a rischio fallimento e ha assoluto bisogno di implementare il programma di privatizzazioni.
Lagarde ha affermato che, a quanto le risulta, da questo punta di vista la Grecia non ha fatto molti progressi.
"La Grecia rischia di andare in fallimento" ha detto Lagarde al quotidiano austriaco Der Standard, che ha anticipato un'intervista che verrà pubblicata domani. "Lunedì noi ministri delle finanze (della zona euro) abbiamo espresso forti preoccupazioni sullo scarso progresso in tal senso".
Secondo Lagarde, il prolungamento delle scadenze dei titoli greci non avverrà. Il ministro francese ha poi aggiunto che sarebbe disposta ad accettare qualsiasi tipo di concessioni da parte delle banche sul debito greco.
Riguardo la successione di Strauss Kahn, Lagarde ha dichiarato: "Sono filo-europea e rappresento un paese membro della zona euro, e per questo mi sembra naturale che gli Europei debbano giocare un ruolo attivo nelle organizzazioni internazionali".
Lagarde non ha voluto rispondere alla domanda sull'imminenza del suo passaggio al Fondo Monetario, ma si è poi detta lusingata dalle dichiarazioni che la indicano come possibile guida del Fmi."Sono molto lusingata, ma non diro nulla su questo" ha affermato.
***
In italiano.
venerdì 20 maggio 2011 18:15
VIENNA, 20 maggio (Reuters) - In un'intervista a un quotidiano austriaco, il ministro delle Finanze francese Christine Lagarde, considerata in pole per la successione a Dominique Strauss-Kahn alla guida del Fmi, ha affermato che la Grecia è a rischio fallimento e ha assoluto bisogno di implementare il programma di privatizzazioni.
Lagarde ha affermato che, a quanto le risulta, da questo punta di vista la Grecia non ha fatto molti progressi.
"La Grecia rischia di andare in fallimento" ha detto Lagarde al quotidiano austriaco Der Standard, che ha anticipato un'intervista che verrà pubblicata domani. "Lunedì noi ministri delle finanze (della zona euro) abbiamo espresso forti preoccupazioni sullo scarso progresso in tal senso".
Secondo Lagarde, il prolungamento delle scadenze dei titoli greci non avverrà. Il ministro francese ha poi aggiunto che sarebbe disposta ad accettare qualsiasi tipo di concessioni da parte delle banche sul debito greco.
Riguardo la successione di Strauss Kahn, Lagarde ha dichiarato: "Sono filo-europea e rappresento un paese membro della zona euro, e per questo mi sembra naturale che gli Europei debbano giocare un ruolo attivo nelle organizzazioni internazionali".
Lagarde non ha voluto rispondere alla domanda sull'imminenza del suo passaggio al Fondo Monetario, ma si è poi detta lusingata dalle dichiarazioni che la indicano come possibile guida del Fmi."Sono molto lusingata, ma non diro nulla su questo" ha affermato.
***
In italiano.
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