Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1

[tommy271]

Europe Must Be Clear About Greece Aid, Padoan Tells Messaggero

By Francesca Cinelli - May 29, 2011 11:30 AM GMT+0200 Sun May 29 09:30:48 GMT 2011




European governments have to clarify whether they intend to extend the Greek aid plan, Pier Carlo Padoan, chief economist of the Organization for Economic Cooperation and Development, told Il Messaggero in an interview.
Greece should be able to weather the crisis by implementing the government’s measures within the announced timeframe, Padoan told the newspaper, adding that a rescheduling of debt would make sense as it would allow the economic policy to produce visible results.
A decision must be made shortly, Padoan told Il Messaggero.



(Bloomberg)

 

[tommy271]

Eurogroup May Hold Special Greece Meeting June 6 -Report



ATHENS (Dow Jones)--European finance ministers from the 17 countries of the euro zone may gather at an extraordinary meeting June 6 to assess Greece's progress with its ongoing reform program, the Kathimerini reports Sunday.
Without citing sources, the newspaper said that the meeting of Eurogroup ministers would be briefed on the latest findings and recommendations by the so-called troika of European and international officials overseeing the Greek program.
A visiting delegation of European Union, International Monetary Fund and European Central Bank officials are now in Athens to see whether Greece has made enough progress in its reform drive to receive a fifth disbursement of a EUR110 billion bailout agreed last year.
At the same time, the Greek government is expected to soon detail some 28 billion euros in new austerity measures for the next five years, as well as commitments towards its ambitious 50-billion-euro privatization drive.
Those new measures are expected to be announced after consultations with the troika conclude and are seen as critical for Greece to receive further aid from its European partners and the IMF.
In a statement earlier Sunday, Greece's finance ministry said the troika visit was proceeding "satisfactorily" and would conclude within "the next few days."
Local media say the talks may finish by Friday, suggesting that the new measures will ready by early the following week.



***
Attenzione, probabile riunione straordinaria dell'Eurogruppo sulla Grecia per lunedì 6 giugno.

 

[tommy271]

PM: Greece comes first



(ANA-MPA)-Greece comes first, prime minister George Papandreou said on Sunday, adding that he will do his duty in the face of the risk of Greece remaining years behind, during an address to local officials in Kalavryta.

"At this time, the country comes first. Not myself, nor PASOK, nor the political parties. In the face of the risk of Greece remaining years behind, I will do my duty. I do not care about petty-party politics and the political cost," Papandreou said.

The premier said that from the outset he had sought cooperation so that the country would exit the crisis more quickly while, on last week's meeting of the political party leaders chaired by the President of the Republic, he said that "we converge on many things".(ANA-MPA)

"Political will is needed to transcend the party interests, and this will be proven in action. We can be different, but not enemies," Papandreou said, urging that such a picture of seriousness on the part of the country would give a resounding reply to those who doubt Greece.

(ana.gr)

 

[tommy271]

Thousands gather in Syntagma for 5th day



In greater numbers than on any night since the protests began earlier this week, the 'Indigants' kept the date made via Facebook and other social networking sites on Sunday, descending upon Syntagma Square for yet another sit-down demonstration against severe austerity cuts. This night they were joined by others in Milan's Piazza del Duomo, Bastille in Paris and another 100 cities of Europe that held a simultaneous peaceful protest.

People started arriving promptly at 6:00 p.m. and an hour later it was clear that Sunday's demonstration would be the largest of five consecutive protests that have taken place each night at Syntagma opposite Parliament since Wednesday.

With their numbers in the tens of thousands, people have filled Syntagma and spilled out onto nearby Voukourestiou, Panepistimiou and Stadiou and Filellinon streets. Metro trains are no longer stopping at Syntagma, reaching only as far as Evangelismos, and access to the city centre is impossible.

So far the demonstration has been entirely peaceful, without violent incidents as chants against parties and politicians alternate with booing, banging of pots, drum music and whistles.

The demonstrations have drawn a kaleidoscope of people of all age groups and walks of life that have gathered to protest against unemployment, tax hikes and more cuts. Those in the square made a mismatched crowd, with school children and youths in rasta braids rubbing shoulders with chic 40-somethings in suits and old-age pensioners. Most of the people arriving had nothing more in common than facebook friends and shared anger at the politicians they hold responsible for the state of the country's economy.

The groups that came every day had started to organise, setting up committees to take charge of hygiene, food, legal support and medical care and there were more tents than in all previous days. Today, for the first time, there was also a stronger police presence than on previous days.

As on other days, the Syntagma demonstration was matched by similar gatherings in other Greek towns, most notably the northern Greek city of Thessaloniki, where heavy rain at around 6:00 p.m. proved unable to deter protestors.

(ana.gr)

 

[tommy271]

Support and criticism for 'Indignant' movement



Protesters to return to Syntagma Square on Sunday in coordinated action across Europe

Greece’s deputy prime minister Theodoros Pangalos has dismissed the significance of the country’s ‘Indignant’ movement as protesters in several European countries prepared to coordinate their action on Sunday.
“It is a movement without an ideology or organization, which bases itself on only one feeling, that of rage,” Pangalos told Ethnos newspaper.
Greece’s version of the ‘Indignant’ movement, protesting austerity measures and demanding that political systems are more in tune with citizens’ needs, has led to thousands of people protesting in front or Parliament in Athens, as well as in other cities, every day since Wednesday. Some have started camping out overnight as well.
They are due to gather in Syntagma Square again from 6 p.m. on Sunday. Similar protest were due to be held in other European countries.
Famed Greek composer Mikis Theodorakis gave his public backing to the protesters and called for “the government of shame” to go along with “the politicians for destroying, plundering and subjugating Greece.”
The protesters also found an unlikely ally in Thessaloniki’s conservative bishop, Anthimos.
An MEP representing the centrist Democratic Alliance party, Theodoros Skylakakis said that the protesters would have to affect the political process if they want to have a real impact.
“These people have to become politicized and develop a greater political realization,” he told Skai TV. “They have to progress from “this is what I don’t like” to “this is what I like”.”
Organizers posted a message on their Facebook page on Saturday calling for the messages of the protest to become more specific. Suggestions included demands for the International Monetary Fund to leave Greece, for Parliamentary immunity to be lifted and for audit commission to be set up to establish how the country’s debt was amassed.






ekathimerini.com , Sunday May 29, 2011 (15:34)

 

[IL MARATONETA]

Vi sento un po' "giu'" ; Cosa e' cambiato ?

salve, grandemago, si parla che la v° tranche del prestito non verrà erogata; le dichiarazioni sono veritiere e di alti esponenti fmi, bce, ecc...
le forze politiche greche devono fare la loro parte, trovare un accordo politico, approvare la manovra economica, privatizzare; questa volta servono fatti non parole....quindi siamo alle strette, ma fiduciosi che il pressing funzioni....

 

[IL MARATONETA]

Se mi è consentito: attenzione alle Obbligazioni Subordinate, anche ai "tranquilli" LT2. A mio modesto parere è celato dietro questi tipi di emissione un rischio molto grande legato all'aria pesante che si sta respirando sui mercati. Ossia, già si parla di far partecipare alle perdite future anche gli obbligazionisti (in special modo se possessori di bond di banche primarie) e in quale modo si può far questo? Semplice, convertendo i bond in azioni e da dove cominciare se non da i detentori di bond subordinati (dal momento che già si assumono un rischio maggiore avvicinandosi a quello degli azionisti)? Così facendo l'emittente risolverebbe in parte anche il problema del suo debito: di fatto lo "ristrutturerebbe". E poi basta che inizi uno per poi vedere anche tutti gli altri fare lo stesso. Ad esempio il Credito Veltellinese: se non ricordo male fu il primo istituto a non esercitare la call su una sua emissione subordinata (mi pare uno o due anni fa) e da lì poi molti altri istituti, come se si fosse rotto un tabù, cominciarono a fare lo stesso. E in questi giorni, sempre il Creval ha iniziato la conversione di un suo prestito obbligazionario convertibile in azioni: c'è fame di capitale, ma senza la volontà di pagarlo troppo, nè di essere vincolati alla sua restituzione.

bentrovato nukios, certo che ti è consentito... e grazie per il parere.....

 

[IL MARATONETA]

Settimane cruciali, almeno da parte mia.....

...e la politica non fa il suo mestiere......

un saluto nobody's; io non ho particolari simpatie per i politici; ti dirò che riflettendo sulla riunione dei politi greci con il presidente della repubblica, ho pensato che se una cosa simile fosse accaduta in italia, la conflittualità delle forze politiche avrebbe sortito gli stessi effetti.....

 

[tommy271]

Belgium calls for pan-eurozone bond to help Greece



BRUSSELS: Eurozone states should consider reviving the controversial idea of creating a joint bond that could be used to help Greece overcome its debt crisis, Belgium's finance minister said Sunday.
Didier Reynders called for a "truly European solution" to the crisis as he dismissed talk of restructuring Greece's massive debt or any Greek exit from the 17-nation single currency area.
He said the solution was a "eurobond" that would be backed by all eurozone states, an idea that first surfaced last year but which was staunchly opposed by Germany, Europe's paymaster.
"I can understand the reluctance, notably in Germany, but it's a solution that seems sensible to me. In any case, we will have European bonds sooner or later," Reynders was quoted as saying by the Belga news agency.
"We must preserve eurozone unity. It would be absurd not to have this debate on eurobonds," he said, noting that eurozone finance ministers hold their next meeting on June 20.
Greek Prime Minister Georges Papandreou called for the creation of a pan-European bond earlier this month as his government scrambles to prevent a new debt crisis, one year after obtaining a 110-billion-euro EU-IMF bailout,
The principle of a eurozone bond is that it would enable weak eurozone countries to link up with stronger countries such as Germany and France to borrow money, instead of being exposed alone when they issue their own national bonds to raise money from investors.


(Agence France presse)


***
Intanto i belgi vogliono ripescare gli eurobond ...

 

[IL MARATONETA]

Eurogroup May Hold Special Greece Meeting June 6 -Report



ATHENS (Dow Jones)--European finance ministers from the 17 countries of the euro zone may gather at an extraordinary meeting June 6 to assess Greece's progress with its ongoing reform program, the Kathimerini reports Sunday.
Without citing sources, the newspaper said that the meeting of Eurogroup ministers would be briefed on the latest findings and recommendations by the so-called troika of European and international officials overseeing the Greek program.
A visiting delegation of European Union, International Monetary Fund and European Central Bank officials are now in Athens to see whether Greece has made enough progress in its reform drive to receive a fifth disbursement of a EUR110 billion bailout agreed last year.
At the same time, the Greek government is expected to soon detail some 28 billion euros in new austerity measures for the next five years, as well as commitments towards its ambitious 50-billion-euro privatization drive.
Those new measures are expected to be announced after consultations with the troika conclude and are seen as critical for Greece to receive further aid from its European partners and the IMF.
In a statement earlier Sunday, Greece's finance ministry said the troika visit was proceeding "satisfactorily" and would conclude within "the next few days."
Local media say the talks may finish by Friday, suggesting that the new measures will ready by early the following week.



***
Attenzione, probabile riunione straordinaria dell'Eurogruppo sulla Grecia per lunedì 6 giugno.

sarebbe una ottima notizia, segno che l'eurogruppo ha a cuore la situazione e che intende prendere in considerazione la fase di incertezza conseguente all'adozione delle nuove misure di austerità e le problematiche legate all'erogazione della V° tranche.