Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (2 lettori)
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tommy271
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IMF economist Blanchard: Greece has not “completely” derailed
By Jamie Coleman || May 26, 2011 at 13:34 GMT
By Jamie Coleman || May 26, 2011 at 13:34 GMT
- Adjustment period fro Greek economy 10 years
- Debt restructuring not a magic bullet, has contagion risks
- Restructuring not inevitable
- Restructuring would not impact world economy in major way
tommy271
Forumer storico
Eurogroup’s Juncker: Greece won’t reach 2011 deficit goal
Thu, May 26 2011, 13:30 GMT | Forex Live
By: Jamie Coleman
Debt reprofiling possible after other measures
Thu, May 26 2011, 13:30 GMT | Forex Live
By: Jamie Coleman
Debt reprofiling possible after other measures
tommy271
Forumer storico
Foreign state asset manager for Greece?
By Stelios Bouras
Just days after the government announced plans to get its stalled privatization program moving, pressure is mounting on Greece to provide foreign managers with a larger role in the unpopular sell-off procedure.
The European Union and the International Monetary Fund have said that any further aid given to Greece will be provided on the condition that the country speeds up its asset sale program, which aims at raising 50 billion euros by 2015, to pay down debt.
After increasing targeted privatization revenues in February, little had been done as the ruling Socialists dodge clashes with powerful union groups fiercely opposing sell-offs and possible job cuts.
The Finance Ministry outlined a more detailed privatization agenda earlier this week and the setting up of a sovereign wealth fund composed of state assets to accelerate the process, without providing further details.
Frustrated at the lack of action on a revenue raiser that could ease Greece’s debt woes, EU leaders have been pushing for international oversight of this fund by Brussels, the IMF or possibly also the European Central Bank.
Kevin Featherstone, director of the Hellenic Observatory at the London School of Economics, said that by appointing a “foreigner,” there’s plenty of scope for populist attacks about “imperial powers” but there is also a positive side.
“If the foreigner failed to deliver as much privatization as sought by the troika [as the team of officials from the European Commission, the IMF and the ECB are known], then the criticism could not be directed at ‘awkward’ or ‘lethargic’ Greeks,” he told Kathimerini English Edition.
“In other words, it might be a good tactical ploy between Athens and the troika.”
The issue is certain to split public opinion, even though recent surveys show that most Greeks agree with privatizing assets.
Minister of State Haris Paboukis told Reuters recently that he was cautious about any external involvement, questioning whether handing control of Greek companies to foreign managers is right when they “have no knowledge of their management, or of how to deal with social or political issues.”
ekathimerini.com , Thursday May 26, 2011 (16:31)
By Stelios Bouras
Just days after the government announced plans to get its stalled privatization program moving, pressure is mounting on Greece to provide foreign managers with a larger role in the unpopular sell-off procedure.
The European Union and the International Monetary Fund have said that any further aid given to Greece will be provided on the condition that the country speeds up its asset sale program, which aims at raising 50 billion euros by 2015, to pay down debt.
After increasing targeted privatization revenues in February, little had been done as the ruling Socialists dodge clashes with powerful union groups fiercely opposing sell-offs and possible job cuts.
The Finance Ministry outlined a more detailed privatization agenda earlier this week and the setting up of a sovereign wealth fund composed of state assets to accelerate the process, without providing further details.
Frustrated at the lack of action on a revenue raiser that could ease Greece’s debt woes, EU leaders have been pushing for international oversight of this fund by Brussels, the IMF or possibly also the European Central Bank.
Kevin Featherstone, director of the Hellenic Observatory at the London School of Economics, said that by appointing a “foreigner,” there’s plenty of scope for populist attacks about “imperial powers” but there is also a positive side.
“If the foreigner failed to deliver as much privatization as sought by the troika [as the team of officials from the European Commission, the IMF and the ECB are known], then the criticism could not be directed at ‘awkward’ or ‘lethargic’ Greeks,” he told Kathimerini English Edition.
“In other words, it might be a good tactical ploy between Athens and the troika.”
The issue is certain to split public opinion, even though recent surveys show that most Greeks agree with privatizing assets.
Minister of State Haris Paboukis told Reuters recently that he was cautious about any external involvement, questioning whether handing control of Greek companies to foreign managers is right when they “have no knowledge of their management, or of how to deal with social or political issues.”
ekathimerini.com , Thursday May 26, 2011 (16:31)
tommy271
Forumer storico
IMF not looking at Greece 2012 financing - Borges
PARIS | Thu May 26, 2011 9:55am EDT
PARIS May 26 (Reuters) - The International Monetary Fund is not discussing plans for financing Greece next year until a review of existing aid is completed, a senior IMF official said on Thursday.
"This is not an issue we can discuss now," Antonio Borges, director of the IMF's European department told reporters on the sidelines of a financial conference.
The current 110 billion euro international bailout was put together by the IMF and EU.
"We have a mission in Greece right now. It's negotiating with the government on the terms of the normal review of the programme so a decision will be made when they conclude their work," Borges said.
He declined to comment on whether Greece would be forced to restructure its debt, as markets expect in some form.
Analysts say Athens as unlikely to be able to resume borrowing from the markets next year, as envisaged under last year's rescue, so the EU is preparing a new aid plan that would meet Greece's funding needs in 2012 and 2013.
PARIS | Thu May 26, 2011 9:55am EDT
PARIS May 26 (Reuters) - The International Monetary Fund is not discussing plans for financing Greece next year until a review of existing aid is completed, a senior IMF official said on Thursday.
"This is not an issue we can discuss now," Antonio Borges, director of the IMF's European department told reporters on the sidelines of a financial conference.
The current 110 billion euro international bailout was put together by the IMF and EU.
"We have a mission in Greece right now. It's negotiating with the government on the terms of the normal review of the programme so a decision will be made when they conclude their work," Borges said.
He declined to comment on whether Greece would be forced to restructure its debt, as markets expect in some form.
Analysts say Athens as unlikely to be able to resume borrowing from the markets next year, as envisaged under last year's rescue, so the EU is preparing a new aid plan that would meet Greece's funding needs in 2012 and 2013.
tommy271
Forumer storico
Juncker: IMF may not release next tranche to Greece next month– Bloomberg
Thu, May 26 2011, 13:51 GMT | Forex Live
***
Attenzione, notizia da verificare.
Thu, May 26 2011, 13:51 GMT | Forex Live
***
Attenzione, notizia da verificare.
tommy271
Forumer storico
President Of Greece Invites Political Leaders To A Meeting
President of the Hellenic Republic Karolos Papoulias invited officially the Greek political leaders to an extraordinary meeting on Friday noon.
Only Dora Bakoyanni and Fotis Kouvelis weren’t invited as their newly founded parties haven’t gained legitimacy through elections.
New Democracy leader Antonis Samaras and LAOS leader Giorgos Karatzaferis have already accepted the invitation, while KKE and SYRIZA leaders Aleka Papariza and Alexis Tsipras haven’t replied yet.
This meeting comes after Prime Minister George Papandreou failed to gain opposition’s consensus, as leaders agreed with several government’s proposals but disagreed with the new “tax raid”.
It should be noted that Giorgos Karatzaferis still insists that the Prime Minister is positive towards a coalition government.
In case the leaders fail to reach to an agreement, all options are considered possible, even early elections.
Besides early polls, there are rumours going about coalition government or reshuffle involving technocrats .
(capital.gr)
President of the Hellenic Republic Karolos Papoulias invited officially the Greek political leaders to an extraordinary meeting on Friday noon.
Only Dora Bakoyanni and Fotis Kouvelis weren’t invited as their newly founded parties haven’t gained legitimacy through elections.
New Democracy leader Antonis Samaras and LAOS leader Giorgos Karatzaferis have already accepted the invitation, while KKE and SYRIZA leaders Aleka Papariza and Alexis Tsipras haven’t replied yet.
This meeting comes after Prime Minister George Papandreou failed to gain opposition’s consensus, as leaders agreed with several government’s proposals but disagreed with the new “tax raid”.
It should be noted that Giorgos Karatzaferis still insists that the Prime Minister is positive towards a coalition government.
In case the leaders fail to reach to an agreement, all options are considered possible, even early elections.
Besides early polls, there are rumours going about coalition government or reshuffle involving technocrats .
(capital.gr)
fabriziof
Forumer storico
Breaking now: Euro Group president Jean-Claude Juncker just said that the IMF may not give Greece the next tranche of its bailout funds next month, according to Bloomberg. Juncker says that, according to IMF rules, refinancing guarantees must be in place for 12 months. That means the IMF needs to be convinced that Greece can rollover its debt for the next 12 months.
If it isn't convinced, then it won't shell out the cash.
And Juncker says the "troika," or ECB, IMF, and EU, won't be convinced that this is "a given."
If it isn't convinced, then it won't shell out the cash.
And Juncker says the "troika," or ECB, IMF, and EU, won't be convinced that this is "a given."
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tommy271
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