tommy271
Forumer storico
Beh, Constancio è il vice di Trichet ...
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Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
- Creatore Discussione Imark
- Data di Inizio
- Stato
Beh, Constancio è il vice di Trichet ...
tommy271
Forumer storico
EU Juncker: Greece Deal "Feasible," Wants It Before End-June
AACHEN, Germany (MNI) - Agreement on a new aid package for Greece is "feasible" and it would be desirable to complete it before the end of June, Eurogroup President Jean-Claude Juncker said Thursday.
"I would like us to come to a final conclusion as far as Greece is concerned before the end of this month," Juncker told reporters on the sidelines of an event here. "My personal feeling at the moment is that Greece will have a new program, to be submitted under strong conditionality."
Juncker denied rumors that he had called for a "crisis" Eurogroup meeting for next Monday June 6. That date would be too early in any event, since no deal will be struck before inspectors from the European Commission, the International Monetary Fund and the European Central Bank -- the so-called "troika" -- publish the findings from their current mission in Greece.
"We are waiting for the report to be given by the troika, which is still on the ground in Athens," Juncker said, adding that he expected the report to be ready in the "coming days." Media reports on Thursday said the team might wrap up their work on Friday, but that doesn't mean their report will be ready then.
As part of any new aid package -- which could be worth more than E60 billion -- Greece "will have to prove that it is able to achieve its budget target for 2011," Juncker said.
It will also have to implement a "very ambitious" privatization program and launch a certain number of structural reforms, he said.
"Under these conditions, and assuming that the IMF will be part of the whole package, a new program for Greece is feasible," he said.
Juncker confirmed that he would meet in Luxembourg Friday afternoon at 3 p.m. with Greek Prime Minister George Papandreou to "discuss the entire matter."
Juncker was attending a ceremony for ECB President Jean-Claude Trichet, who received the prestigious International Charlemagne Prize, awarded by the city of Aachen. Juncker himself received the prize in 2006.
AACHEN, Germany (MNI) - Agreement on a new aid package for Greece is "feasible" and it would be desirable to complete it before the end of June, Eurogroup President Jean-Claude Juncker said Thursday.
"I would like us to come to a final conclusion as far as Greece is concerned before the end of this month," Juncker told reporters on the sidelines of an event here. "My personal feeling at the moment is that Greece will have a new program, to be submitted under strong conditionality."
Juncker denied rumors that he had called for a "crisis" Eurogroup meeting for next Monday June 6. That date would be too early in any event, since no deal will be struck before inspectors from the European Commission, the International Monetary Fund and the European Central Bank -- the so-called "troika" -- publish the findings from their current mission in Greece.
"We are waiting for the report to be given by the troika, which is still on the ground in Athens," Juncker said, adding that he expected the report to be ready in the "coming days." Media reports on Thursday said the team might wrap up their work on Friday, but that doesn't mean their report will be ready then.
As part of any new aid package -- which could be worth more than E60 billion -- Greece "will have to prove that it is able to achieve its budget target for 2011," Juncker said.
It will also have to implement a "very ambitious" privatization program and launch a certain number of structural reforms, he said.
"Under these conditions, and assuming that the IMF will be part of the whole package, a new program for Greece is feasible," he said.
Juncker confirmed that he would meet in Luxembourg Friday afternoon at 3 p.m. with Greek Prime Minister George Papandreou to "discuss the entire matter."
Juncker was attending a ceremony for ECB President Jean-Claude Trichet, who received the prestigious International Charlemagne Prize, awarded by the city of Aachen. Juncker himself received the prize in 2006.
tommy271
Forumer storico
Alessandro Fugnoli: Il nome della cosa
http://www.kairospartners.com/drupa...newsletter/Il nome della cosa-RN-02.06.11.pdf
http://www.kairospartners.com/drupa...newsletter/Il nome della cosa-RN-02.06.11.pdf
tommy271
Forumer storico
Greek Tourist Industry Goes “VIP”
The Ministry of Culture and Tourism is targeting on high-income tourists, with the Deputy Minister Giorgos Nikitiadis stating that high-end tourism services had been an unknown term in the ministry.
Through six initiatives, the ministry attempts to attract tourists of high-income, bringing Greece among the top destinations. This year, tourism industry expects arrivals to increase by a double-digit rate and revenue of €1.5b.
-The ministry looks for great companies around the world that reward top sellers by offering high-value vacations in various tourist resorts.
-It also looks for high-income tourists from USA, Russia, Saudi Arabia, India, Japan through private clubs, which ensure privacy for their customers.
-Giorgos Nikitiadis stated that the ministry aims to enhance the value of services. “VIP tourists want to enjoy VIP services”.
-The establishment of high quality tourist accommodation would attract high-income tourists.
-Golf. Golfers rank second in spending after tycoons. The spend at least €1,000 per day, so more golf courses should be built in the country.
-Cruise, along with the low-budget airlines, boost tourism with visitors who spend much more than tourists who arrive by charter flights, arranged by tour operators.
(capital.gr)
The Ministry of Culture and Tourism is targeting on high-income tourists, with the Deputy Minister Giorgos Nikitiadis stating that high-end tourism services had been an unknown term in the ministry.
Through six initiatives, the ministry attempts to attract tourists of high-income, bringing Greece among the top destinations. This year, tourism industry expects arrivals to increase by a double-digit rate and revenue of €1.5b.
-The ministry looks for great companies around the world that reward top sellers by offering high-value vacations in various tourist resorts.
-It also looks for high-income tourists from USA, Russia, Saudi Arabia, India, Japan through private clubs, which ensure privacy for their customers.
-Giorgos Nikitiadis stated that the ministry aims to enhance the value of services. “VIP tourists want to enjoy VIP services”.
-The establishment of high quality tourist accommodation would attract high-income tourists.
-Golf. Golfers rank second in spending after tycoons. The spend at least €1,000 per day, so more golf courses should be built in the country.
-Cruise, along with the low-budget airlines, boost tourism with visitors who spend much more than tourists who arrive by charter flights, arranged by tour operators.
(capital.gr)
tommy271
Forumer storico
ECB not against role for banks on Greece: Vitor Constancio
By Sakari Suoninen
AACHEN, Germany | Thu Jun 2, 2011 8:56am EDT
AACHEN, Germany (Reuters) - The European Central Bank does not rule out private sector involvement in a new deal to aid Greece but is firmly opposed to outright debt restructuring, ECB Vice-President Vitor Constancio said on Thursday.
EU and ECB policymakers have differed over the shape of a second rescue for Greece currently being worked on across Europe, with the euro zone's central bank arguing firmly against any form of restructuring.
ECB hawk Juergen Stark offered a glimmer of compromise on Wednesday, saying a voluntary deal for investors to keep renewing their Greek debt holdings might be acceptable as part of a broader package.
"We have never refused every form of private sector involvement in Greece," Constancio told reporters when asked about the impact on investors who have loaned money to Greece.
"Some forms of private sector involvement which are voluntary -- there are many forms -- and some forms we have always admitted as possibilities," he added, speaking on the sidelines of an event in Germany.
He declined to give examples but said the bank's concerns had always been about avoiding a technical default on Greece's debt -- something European officials have been working to find a way around in talks with Athens.
European officials are racing to come up with a politically palatable solution that will bail out Greece -- still firmly locked out of financial markets -- for a second time and allow it to service its huge debt next year.
Investors are hopeful a solution will be found and a government official said that Athens intends to present a fresh austerity plan on Friday. But rating agency Moody's cut Greece deeper into junk territory on Thursday and said there was an even chance of eventual default.
Speaking at the same event, Eurogroup chairman Jean-Claude Juncker said a decision would be made based on a report by EU, IMF and ECB inspectors now in Greece, which should land in coming days.
He gave no new indication of the likely terms and said there were no plans for an emergency meeting of euro zone finance ministers to approve any deal.
"We will take this report under examination and discuss the matter and I would like us to come to a final conclusion as far as Greece is concerned before the end of this month," he told reporters.
"My personal feeling is that Greece will have a new program submitted under strong conditionality. (...) Greece will have to implement a very ambitious privatization program, it has to implement it, not only announce it, and Greece will have to launch a certain number of structural reforms."
By Sakari Suoninen
AACHEN, Germany | Thu Jun 2, 2011 8:56am EDT
AACHEN, Germany (Reuters) - The European Central Bank does not rule out private sector involvement in a new deal to aid Greece but is firmly opposed to outright debt restructuring, ECB Vice-President Vitor Constancio said on Thursday.
EU and ECB policymakers have differed over the shape of a second rescue for Greece currently being worked on across Europe, with the euro zone's central bank arguing firmly against any form of restructuring.
ECB hawk Juergen Stark offered a glimmer of compromise on Wednesday, saying a voluntary deal for investors to keep renewing their Greek debt holdings might be acceptable as part of a broader package.
"We have never refused every form of private sector involvement in Greece," Constancio told reporters when asked about the impact on investors who have loaned money to Greece.
"Some forms of private sector involvement which are voluntary -- there are many forms -- and some forms we have always admitted as possibilities," he added, speaking on the sidelines of an event in Germany.
He declined to give examples but said the bank's concerns had always been about avoiding a technical default on Greece's debt -- something European officials have been working to find a way around in talks with Athens.
European officials are racing to come up with a politically palatable solution that will bail out Greece -- still firmly locked out of financial markets -- for a second time and allow it to service its huge debt next year.
Investors are hopeful a solution will be found and a government official said that Athens intends to present a fresh austerity plan on Friday. But rating agency Moody's cut Greece deeper into junk territory on Thursday and said there was an even chance of eventual default.
Speaking at the same event, Eurogroup chairman Jean-Claude Juncker said a decision would be made based on a report by EU, IMF and ECB inspectors now in Greece, which should land in coming days.
He gave no new indication of the likely terms and said there were no plans for an emergency meeting of euro zone finance ministers to approve any deal.
"We will take this report under examination and discuss the matter and I would like us to come to a final conclusion as far as Greece is concerned before the end of this month," he told reporters.
"My personal feeling is that Greece will have a new program submitted under strong conditionality. (...) Greece will have to implement a very ambitious privatization program, it has to implement it, not only announce it, and Greece will have to launch a certain number of structural reforms."
frmaoro
il Fankazzista
la grecia continua a prendere per il cul o continua a fare annunci ma fatti zero
ma la germania non molla per fortuna
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tommy271
Forumer storico
Greece Talks With Troika Seen Concluding Friday-Officials
ATHENS -(Dow Jones)- Talks between the Greek government and a visiting troika of European and FMI officials will likely conclude Friday, officials said.
"The two sides are very close, they will probably conclude by Friday," said one official who asked to remain anonymous.
Since early May, Greece has been holding talks with a delegation from the European Union, European Central Bank, and International Monetary Fund that is assessing Greece's progress in implementing a promised, multi-year austerity and reform program.
Greece pledged those reforms in exchange for a EUR110 billion bailout it received a year ago from its fellow euro-zone members and the International Monetary Fund as the country verged on default.
Since then, Greece has cut its budget deficit by about a third, to 10.5% of gross domestic product. But after missing its budget target last year and dragging its feet on an ambitious, but much-delayed, EUR50 billion privatization program, Greece has failed to win back investor confidence that it can service its giant debt burden.
Faced with still prohibitively high borrowing costs, Greece is now asking for a further EUR60 billion in aid to cover its financing needs for the next two years.
The current talks with the troika are focused on new measures to bring Greece's budget deficit below 1% of GDP by 2015, as well as steps to speed up privatizations.
Specifically, the new austerity program will include EUR6.4 billion in fresh spending cuts and revenue measures to bring this year's budget back on track with targets, and EUR22 billion in further measures to cut the deficit below 1% of GDP in 2015.
Once the talks conclude, the new measures are expected to be presented to the Greek parliament by Monday.
Separately, on Friday, Greek Prime Minister George Papandreou will meet with Jean-Claude Juncker, head of the informal Eurogroup college of euro-zone finance ministers, at a one-on-one meeting in Luxembourg.
Papandreou is expected to detail the outcome of the talks, as well as Greece's need for further assistance.
ATHENS -(Dow Jones)- Talks between the Greek government and a visiting troika of European and FMI officials will likely conclude Friday, officials said.
"The two sides are very close, they will probably conclude by Friday," said one official who asked to remain anonymous.
Since early May, Greece has been holding talks with a delegation from the European Union, European Central Bank, and International Monetary Fund that is assessing Greece's progress in implementing a promised, multi-year austerity and reform program.
Greece pledged those reforms in exchange for a EUR110 billion bailout it received a year ago from its fellow euro-zone members and the International Monetary Fund as the country verged on default.
Since then, Greece has cut its budget deficit by about a third, to 10.5% of gross domestic product. But after missing its budget target last year and dragging its feet on an ambitious, but much-delayed, EUR50 billion privatization program, Greece has failed to win back investor confidence that it can service its giant debt burden.
Faced with still prohibitively high borrowing costs, Greece is now asking for a further EUR60 billion in aid to cover its financing needs for the next two years.
The current talks with the troika are focused on new measures to bring Greece's budget deficit below 1% of GDP by 2015, as well as steps to speed up privatizations.
Specifically, the new austerity program will include EUR6.4 billion in fresh spending cuts and revenue measures to bring this year's budget back on track with targets, and EUR22 billion in further measures to cut the deficit below 1% of GDP in 2015.
Once the talks conclude, the new measures are expected to be presented to the Greek parliament by Monday.
Separately, on Friday, Greek Prime Minister George Papandreou will meet with Jean-Claude Juncker, head of the informal Eurogroup college of euro-zone finance ministers, at a one-on-one meeting in Luxembourg.
Papandreou is expected to detail the outcome of the talks, as well as Greece's need for further assistance.
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innocentiproject
Forumer attivo
ciao king OPA,
la germania non molla perche ha ineteressi economici enormi:
-si finanzia a meno di zero grazie al fly to quality
-indebolisce l'euro favorendo il suo export
-si compra a sconto carta greca
-si compra a sconto aziende greche
quando la paura greca passerà gainnera dalla rivendita di GGB e aziende greche anziche vendendo bund.
- Stato
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