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

[tommy271]

Greek bank credit to households shrinks faster






ATHENS | Tue May 31, 2011 10:57am EDT

ATHENS May 31 (Reuters) - Bank credit to Greek households shrank at an accelerating pace in April as austerity-fuelled recession suppressed demand for loans, according to central bank figures published on Tuesday.
The Bank of Greece said loans to households fell 2.2 percent in annual terms, declining for a fourth consecutive month and after a 2.0 percent drop in March.
The annual pace of credit growth to businesses grew slightly, however, to 1.2 percent in April from 1.1 percent in March.
Recession, coupled with tighter credit conditions, is eating into the borrowing that boosted consumption and economic expansion in Greece in earlier years.
Greek economic output contracted by 4.3 percent in 2010, hit by austerity measures to shrink the budget deficit, including tax hikes and cuts in public sector pay and pensions.

 

[tommy271]

German FDP expert calls for Greek euro zone exit-report






BERLIN | Tue May 31, 2011 10:30am EDT

BERLIN May 31 (Reuters) - A leading finance expert of the junior coalition partner in Germany's parliament called on Tuesday for debt-laden Greece to exit the euro zone.
"As long as Greece hasn't privatised a single cent worth of assets, increasing the aid would be absolutely the wrong signal," Free Democrat parliamentarian Frank Schaeffler told business daily Handelsblatt.
"At the same time governments must help with an orderly euro zone exit," added Schaeffler, one of the loudest dissenting voices against Greek aid in the FDP. Athens should restructure its debt and private creditors should participate in the restructuring, he said


***
La parola agli esperti ...

 

[tommy271]

BoG: Credit Granted To Private Sector Decelerated Further



Bank of Greece announced on Tuesday that the annual growth rate of total credit granted to the domestic private sector slightly decelerated further to -0.5% in April 2011, from -0.4% in March 2011 and 0.0% in December 2010.

The net flow of total credit to the domestic private sector was negative amounting to € -377 million (April 2010: € -146 million), according to an announcement.

Credit to enterprises

The net flow of credit to enterprises in April 2011 was positive, amounting to € 212 million (April 2010: € 27 million) and the annual growth rate of credit slightly increased to 1.2% compared to 1.1% in March 2011 (December 2010: 1.1%).

Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was negative, amounting to € -191 million in April 2011, and the annual rate of change of credit decreased in comparison with the previous month (April 2011: -1.5%, March 2011: -0.4%, December 2010: 0.3%).

Credit to individuals and private non-profit institutions

In April 2011, the net flow of credit to individuals and private non-profit institutions was negative, amounting to € -399 million (April 2010: € -174 million). As a result, the annual growth rate of credit to individuals and private non-profit institutions decreased further (April 2011: -2.2%, March 2011: -2.0%, December 2010: -1.3%).

(capital.gr)

 

[Nobody's]

31-05-11
GRECIA: SHAEFFLER (FDP), NESSUN AIUTO, ESCA DALL'EURO (HANDESLBLATT)

(ASCA) - Roma, 31 mag - I parlamentari tedeschi del partito liberale (Fdp), forza di minoranza nella coalizione governativa guidata da Angela Merkel, tornano alla carica sulla crisi debitoria della Grecia.

''La Grecia non ha privatizzato un bel niente, nemmeno un centesimo, nuovi aiuti sarebbero un segnale sbagliato.

L'Eurozona dovrebbe aiutare il paese ad uscire in maniera ordinata dall'euro'', cosi' Frank Schaeffler, parlamentare del partio libelare in una intervista al quotidiano tedesco Handelsblatt.

 

[METHOS]

31-05-11
GRECIA: SHAEFFLER (FDP), NESSUN AIUTO, ESCA DALL'EURO (HANDESLBLATT)

(ASCA) - Roma, 31 mag - I parlamentari tedeschi del partito liberale (Fdp), forza di minoranza nella coalizione governativa guidata da Angela Merkel, tornano alla carica sulla crisi debitoria della Grecia.

''La Grecia non ha privatizzato un bel niente, nemmeno un centesimo, nuovi aiuti sarebbero un segnale sbagliato.

L'Eurozona dovrebbe aiutare il paese ad uscire in maniera ordinata dall'euro'', cosi' Frank Schaeffler, parlamentare del partio libelare in una intervista al quotidiano tedesco Handelsblatt.

Immagino che abbia una posizione così intrasigente anche con le banche tedesche...

 

[METHOS]

Bce si opporrà a pressioni su Bini Smaghi per dimissioni - fonti

martedì 31 maggio 2011 16:57







(Marc Jones, Gavin Jones, Paul Taylor, Francesca Landini)



***
Questione Draghi/BCE/Smaghi/Bankitalia.

A me ultimamente piace un molto Bini Smaghi. Ha preso subito una posizione e non ha mollato.

 

[tommy271]

Methos, il nostro Shaeffler pensa di più al recupero dei voti del FDP che non alla Grecia.
Cerca di ritagliarsi il suo spazio dopo che alle ultime amministrative il suo partito si è letteralmente liquefatto.
Non avendo altro, si mette a fare il populista.
In Finlandia ed in Olanda diversi movimenti hanno raccolto voti su queste tematiche. Però governano altri ... .

 

[tommy271]

Borsa Atene: Ase chiude a +5,6%, bene bancari



MILANO (MF-DJ)--L'indice Ase della Borsa di Atene termina le contrattazioni in rialzo del 5,6% a quota 1309,46 punti. I volumi si attestano a 160,84 mln euro.
A condizionare positivamente l'andamento della seduta contribuisce l'articolo del Wall Street Journal sulla decisione presa dalla Germania, pronta a prendere in considerazione nuovi aiuti per la Grecia.
In territorio positivo National Bank of Greece e Eurobank a +11%, Alpha Bank a +8,7% e Piraeus Bank a +5,2%

 

[tommy271]

Greek Banks Surge Higher



The General Index of Athens Stock Exchange recorded the largest percentage rise in the last 12 months on Tuesday, amid expectations for the smooth disbursement of the fifth instalment and a new aid loan to Greece.

After a prolonged period of weakness that the investing sentiment had being carried by hearsay and public statements, the domestic market reacted violently upwards, as an agreement between the Greek government and the troika is in the offing, regarding the measures of the medium-term fiscal program.

Foreign press contributed to the reversal of the sentiment, reporting that Germany is likely to abandon its proposal of Greek debt restructuring that faced ECB strong opposition. This development is estimated to increase the possibilities of a new aid loan to Greece.

The improved sentiment was reflected on the narrowing of Greek bond spreads and CDS, which retreated by 30 and 40 basis points respectively.
"There is a lot of joy in the market today," an analyst told Dow Jones Newswires. "This has been the best session we have had in weeks."

Ask-side interest emerged in the largest part of the board, with 129 shares rising, 114 remaining unchanged and only 38 declining.

The General Index ended at 1,309.46 units, up 5.58%, moving into positive territory throughout the trading session. The cumulative losses for the month were reduced to 8.73% from 13.55% at the closure of the yesterday’s meeting.

Banks’ performance has been even more impressive, ending at session’s high of 974.44 units, recording a surge of 10.06%. The cumulative losses for the month were limited to 10.18% from 18.39%.

Trading turnover was significantly increased, exceeding €160m (160.94m), while volume amounted to 48.4 million units.
Bank of Cyprus, MIG, Eurobank and National Bank topped FTSE20, with profits of 17.35%, 14.29%, 10.80% and 10.61% respectively. Mytilineos, Alpha Bank and Hellenic Postbank followed, posting gains of 9.11%, 8.59% and 8.00% respectively. On the other hand PPC and Hellenic Petroleum declined by 2.02% and 0.45% respectively.

(capital.gr)

 

[tommy271]

Candidate Companies For Oil Exploration In Greece



Hellenic Petroleum confirmed on Monday at Oilandgas Conference that it would express interest in oil exploration in Greece, giving a positive sign for the procedures in gestation.

The company would probably involve in oil exploration and production through joint ventures. It should be noted that CEO Ioannis Kostopoulos had forecasted that the oil market would open in 2012, creating opportunities in the region.

Besides Hellenic Petroleum, Motor Oil and other companies controlled by Vardinoyannis family are monitoring relative procedures for oil concessions. Motor Oil sources note that the company maintains its interested but any discussion before the beginning of the procedures is considered premature.

Energean Oil & Gas, which operates in Prinos region, has spoken openly about its interest. The company has stated that it would be interested in proceeding with a horizontal drilling in Katakolo area.

Apart from the three Greek companies, two foreign companies have been in the spotlight recently. Norwegian Statoil, which has an indirect presence in Greece through gas pipeline TAP, has informed government officials of its interest in Ionian Sea.

Moreover, U.S. Noble Energy is already active in eastern Mediterranean Sea, as it has been granted the rights to a lot in Cyprus.

Besides oil companies, several companies have expressed interest in conducting seismic and geological explorations. Petroleum Geo – Services, TGS - Nopec Geophysical Company and Spectrum are among the interested companies.

(capital.gr)