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

[tommy271]

Euro extends gains on report of Greece deal



NEW YORK (MarketWatch) -- The euro extended gains against the dollar on Thursday after a report from Reuters said senior euro zone officials have come to a tentative agreement to extend loans to Greece for three years. The plan would involve some participation of private sector investors, but it would be limited to avoid triggering a credit event or default, according to the report. The euro /quotes/comstock/21o!x:seurusd EURUSD +1.1661% rose to $1.4484, compared to $1.4362 Wednesday. The dollar index /quotes/comstock/11j!i:dxy0 DXY -0.47% , which measures the greenback's performance against a basket of six global currencies, fell to 74.361, from 74.740 in late North American trading on Wednesday.

 

[tommy271]

Senior euro zone officials agree in principle on new 3 year adjustment plan for Greece – Source

Thu, Jun 02 2011, 16:51 GMT | Forex Live

 

[tommy271]

Athens finalizes more painful measures




Midterm plan to be unveiled in coming days; ECB softens stance on private sector involvement

As Greece agreed with its European Union and International Monetary Fund creditors to impose yet deeper austerity, the European Central Bank indicated on Thursday that private investors may be involved in supporting a new aid plans for Athens.
The Greek government is believed to have signed up to 6.4 billion euros in new measures to cut its 2011 budget deficit and aims to wrap up bailout talks with international inspectors on Friday.
Prime Minister George Papandreou will present the main points of the government’s midterm budget plan when he meets Jean-Claude Juncker, the chairman of the group of eurozone finance ministers, in Luxembourg Friday.
The so-called troika team from the EU, IMF and ECB has been in Athens since early May negotiating two main points: whether the government has qualified for a fifth tranche of funding under an existing 110-billion-euro rescue deal, and the sustainability of Greece’s 340-billion-euro debt.
Details on the midterm budget plan, which includes tax increases and lower income tax exemptions, are expected to be made public in the coming days.
As the ink dries on the 2012-15 agenda, ECB Vice President Vitor Constancio did not rule out on Thursday private sector involvement in a new deal to aid Greece but firmly opposes any outright debt restructuring.
EU and ECB policymakers have differed over the shape of a second rescue for Greece currently being worked on across Europe, with the eurozone’s central bank arguing firmly against any 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 Aachen, 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 EU officials have been trying to find a way around in talks with Athens.






ekathimerini.com , Thursday June 2, 2011 (19:53)

 

[tommy271]

Group of PASOK MPs press PM on measures



Sixteen deputies express concern about potential lack of debate

Sixteen PASOK MPs have sent a letter to Prime Minister George Papandreou demanding that he ensure that the new set of austerity measures Greece is about to agree with the troika be debated properly by the party and Parliament.
Papandreou looks set to reveal the measures on Friday, when he will meet with Jean Claude-Juncker, the head of the Eurogroup but the Socialist deputies expressed concern about the mid-term fiscal package and the government’s privatization plan not being subject to the usual democratic process.
“A year after signing the memorandum, we are at a crucial juncture again. Why?” the MPs asked in their letter. “It is not just an issue of political responsibility; logic demands that we have an evaluation. It is a question of patriotism, democracy and responsibility.
“It is the most basic proof that we respect the votes of our citizens.”
The deputies are concerned that the mid-term fiscal plan and the privatization bill will be rushed through Parliament without being debated fully.
Sources said this week that the government is likely to present its fiscal plan as one article in order to prevent Parliament voting on it article by article, which would give PASOK MPs and other lawmakers the chance to vote against specific aspects of the draft law.






ekathimerini.com , Thursday June 2, 2011 (16:37)

***
Malpancisti ...

 

[tommy271]

Bonds drop for second day




Greek 10-year government bonds fell for a second day on Thursday after Moody’s said there is a 50 percent chance that the country will default.
“The market’s focus is on when we will get the new bailout package and what conditions will feature, and that’s continuing to be the name of the game,” David Schnautz, a fixed-income strategist at Commerzbank in London, told Bloomberg.
Greek 10-year yields rose 10 basis points to 16.26 percent. The 6.25 percent security due June 2020 slipped 0.300 or 3 euros per 1,000-euro face amount, to 54.210.
Moody’s downgraded Greece to Caa1 from B1, the same level as Cuba, late Wednesday.
On Thursday, the euro gained versus the dollar to the highest level in almost a month as German Chancellor Angela Merkel said she’s committed to the shared currency.
The European shared currency gained as policymakers considered asking investors to reinvest in new Greek debt when existing bonds mature. The euro rose 0.9 percent to $1.4453.






ekathimerini.com , Thursday June 2, 2011 (20:13)

 

[tommy271]

Grecia/ Van Rompuy e Berlusconi: Atene mantenga gli impegni presi

Berlusconi ribadisce: Pareggio di bilancio entro il 2014

TMNews


Nel loro colloquio a Villa Pamphili, il premier Silvio Berlusconi e il presidente del Consiglio Ue Herman Van Rompuy hanno concordato sulla "necessità che vengano implementate e applicate le misure annunciate dal governo greco" per il risanamento del debito.
"C'è una comune volontà europea sul fatto che la Grecia metta ordine nei conti" hanno riferito fonti diplomatiche al termine dell'incontro.

In vista del prossimo vertice europeo, Van Rompuy e Berlusconi hanno discusso dei piani di riforme nazionali per il prossimo semestre.
Da parte italiana, hanno spiegato le fonti, si è ricordato come "il deficit italiano sia oggi il secondo più basso in rapporto al Pil dopo quello della Germania".
Berlusconi ha infine ribadito l'impegno italiano a centrare il pareggio di bilancio entro il 2014.

 

[METHOS]

Una interessante chiave di lettura
FINANZA/ Quanto ci costerà il grande "bluff" di Francia e Germania?

 

[g.ln]

orgoglio e pazienza

La strada è ancora lunga ma se la situazione si sistema, voglio vedere i miei 17/18 a 100.
Piuttosto aspetto la scadenza naturale insieme alle cedole.
Con tutto il penare che ci hanno fatto fare, non li venderò poi per un piatto di lenticchie...

Sono pienamente d'accordo. Un po' d'orgoglio!!!
Buona serata a Tommy e agli altri amici coraggiosi.
Giuseppe

 

[tommy271]

Il sentiment prevalentemente positivo sulla situazione in Grecia contribuisce a rinfrancare i periferici, specie i meno esposti.
L'Euro riguadagna posizioni ad ogni annuncio di risoluzione.
Oggi è atteso l'incontro tra Papandreou e Juncker mentre a partire da lunedì la manovra dovrà essere discussa in Parlamento per ottenere il via libera.
Il pacchetto è molto duro, fatto di tagli e licenziamenti nel settore pubblico. I sindacati hanno già preannunciato l'ennesimo sciopero generale.
La discussione è alta anche all'interno del Pasok mentre è auspicabile un accordo di massima tra tutte le forze politiche disponibili.

Grecia 1339 pb. (1334)
Irlanda 800 pb. (815)
Portogallo 670 pb. (689)
Spagna 231 pb. (233)
Italia 166 pb. (175)
Belgio 108 pb. (113)

 

[tommy271]

Gov't οn tourist arrivals



ANA-MPA/Culture & Tourism Minister Pavlos Geroulanos on Wednesday expressed his satisfaction over tourism trends so far this year.
Speaking to the ANA-MPA, the Greek minister stressed that all significant markets for Greek tourism are moving higher, such as the UK, Germany, Italy, Russia, China and Turkey.
Geroulanos said this development was welcome as tourist arrivals' figures to the country's major travel destinations led to expectations of a significant increase in tourist arrivals in 2011.
He said that a tourism campaign through the Internet was already bearing fruit, particularly in Russia, where travel agents were promoting Greece as a travel destination through the "You in Greece" website which is available in Russian.
Tourist arrivals at the Greek airports totaled 1,147,000 in the first four months of 2011, from 1,086,000 in the same period last year, for an increase of 5.6 pct, with tourism officials forecasting a record number of arrivals this year.


(ana.gr)