Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (43 lettori)

[lorixnt2]

Fossi in loro metterei Zio Paperone alle Finanze e la Banda Bassotti al "servizio riscossione tributi"

Anche se il thread è quello sbagliato e me ne scuso un'idea da parte di un tecnico su quello che potrebbe essere a viable haircut per i vari PIIGS e, in primis, per l'Italia sarebbe la benvenuta just in case eh gau ...

 

[ficodindia]

L'effetto domino è in azione.

"Financial markets piled pressure on peripheral euro zone countries on Monday as investors worried about heightened risks in Spain and Greece and fresh concerns over Italy".

Euro zone periphery under pressure over new risks - Yahoo! Finance=

Per chi ha ancora qualche dubbio, l'effetto domino della crisi greca è già in azione. Pensate cosa succederebbe se la Grecia fosse costretta a dichiarare bancarotta. Ma dopo il piano di 50 mld, in corso di approvazione, sarebbe possibile?

 

[tommy271]

Chissà se il Consiglio dei Ministri è terminato o meno.
Non mi pare sia stata rilasciata nessuna dichiarazione.

 

[Nobody's]

Non ho il coraggio di aprire i book quando torno....

 

[ferdo]

con i soldi bruciati oggi di qua e di là del mare, ci pagavano tutto il debito greco o quasi

 

[tommy271]

ASE Declines For Fourth Consecutive Session



The Athens market was forced into losses for a fourth consecutive session on Monday, pending announcements of the new fiscal measures by the cabinet and amid losses in European Indices.

The downgrade of Greece’s credit ratings by Fitch on Friday, elections in Spain and S&P’s decision to downgrade Italy’s outlook, a rating action that refueled the debate on a possible contagion of debt crisis, prepossessed in a new declining session.

The trading activity remained unchanged from the recent sessions, with low volumes, intense pressures on banks and new 14-year lows for shares and indices.

PPC, Hellenic Postbank and Thessaloniki Port topped FTSE20 and General Index, ahead of the privatization program. However, it is indicative that with the exception of Hellenic Postbank and unchanged Attica Bank and Marfin Popular Bank, Greek banks ended in negative territory.

Market analysts expect nervousness to maintain in the near future, as the market would be called to evaluate the measures announced by the Greek government. Shares directly involved in the privatization program are expected to benefit.

The market was struggling today and we saw some key blue chips fail to see support at key levels," a local analyst told Dow Jones Newswires. "Meanwhile, everyone is waiting for a clear policy message from the government”, he added.

Across the board, the General Index ended at 1,280.10 units, down 1.33%, moving in negative territory throughout the trading session. Approximately 23 million units worth €74.3 million were traded on Monday, while a total amount of 100 shares declined, 153 remained unchanged and 29 rose.

Banks ended at 937.50 units, down 2.05%. ATEbank fell by 5.88%, while National Bank and Bank of Cyprus declined by 3.00% and 2.78% respectively. Piraeus Bank, Alpha Bank and Eurobank posted losses of 1.94%, 1.48% and 1.24% respectively.

(capital.gr)

 

[tommy271]

Su alcuni siti ellenici si discute con insistenza della cosiddetta "Iniziativa di Vienna" che ha regolato un pò la crisi nell'Europa dell'Est nel 2009.
Si chiederebbe agli investitori istituzionali di tenersi in tasca i GGB per dar modo alla Grecia di rimborsare i suoi debiti e alle maggiori banche di non ritirare gli investimenti da Atene.
L'iniziativa, un paio d'anni fa, aveva dato buoni risultati tanto che i bond, si sono poi ripresi.
Qualcuno ne sa qualcosa di più?

 

[tommy271]

Greece to unveil fiscal plan next week- sources






ATHENS | Mon May 23, 2011 11:58am EDT



ATHENS May 23 (Reuters) - Greece will reveal next week a much-awaited mid-term fiscal plan to meet its bailout budget deficit targets, government officials said on Monday.
"The details of the mid-term plan will be specified next week," one government official told Reuters on condition of anonymity after a seven-hour cabinet meeting. "We expect to submit the mid-term plan to parliament in early June."

 

[tommy271]

Euro zone c.banks too loose on collateral: Spiegel






BERLIN | Mon May 23, 2011 11:49am EDT



BERLIN (Reuters) - Euro zone central banks have been lending money to commercial banks against highly questionable collateral, leaving the central banks potentially exposed to hundreds of billions of euros of bad loans, Germany's Der Spiegel magazine reported.
Without citing its sources, Spiegel said commercial banks from Ireland, Greece, Portugal and Spain had used risky asset-backed securities (ABS) as collateral in money market operations to obtain funds from the European Central Bank.
Some national central banks in the euro zone, accepting the collateral on behalf of the ECB, have not applied collateral standards stringently enough and have not imposed the required level of discounts to compensate for the risk of those securities, Spiegel said.
Currently, the outstanding amount lent by the ECB in its open market operations totals 417 billion euros. According to ECB figures, 480 billion euros of ABS, which are securities backed by pools of underlying assets such as real estate, are deposited at the central bank, though not all of it is being used as collateral.
Spiegel reported that almost a third of the 78 various securities submitted as collateral to the Irish central bank by Depfa Bank, the Irish unit of failed German lender Hypo Real Estate, were valued too richly. If guidelines had been applied correctly, Depfa would have been able to borrow about 20 percent less using those assets, the magazine said.
Spiegel said it had contacted the Irish central bank about the discrepancies, and that the Irish central bank had responded by changing its handling of some collateral.
For example, at the end of February the Irish central bank more than doubled the discounts it applied to 21 securities submitted by Depfa, the magazine reported.
The ECB declined to comment on the Spiegel report, while there was no immediate comment from the Irish central bank.
Since each euro zone central bank holds a share of the ECB's capital, all the central banks are collectively liable for defaults in any part of the system.
For example Germany's central bank, the Bundesbank, holds 27 percent of the ECB's capital. This means the Bundesbank may not have set aside enough reserves for possible losses between 2010 and 2012, since it has only made provisions for 4.9 billion euros, Spiegel said. Bundesbank officials could not immediately be reached for comment.


***
Altarini nascosti ...

 

[tommy271]

France's Lagarde:Calls For Coordinated Approach On Greece-CNBC




PARIS -(Dow Jones)- French Finance Minister Christine Lagarde Monday said any changes in Greece's bailout package will be decided in a coordinated way between the European Central Bank, the European Commission and the International Monetary Fund.
"Whatever we do we do it all together," Lagarde said in an interview on CNBC. "Whatever refinement, improvement changes being considered, they will be considered by the same three main authorities."
The ECB has rejected restructuring Greek debt, while other European countries and the European Commission's economic and monetary affairs chief Olli Rehn have mooted the possibility of a voluntary extension of loan maturities.
Quizzed on whether she would like to take the top post at the IMF after being backed by several European countries, Lagarde said it is too soon to say. "I'd say what an interesting question, but clearly premature. It's for others to decide," she said.