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

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I TITOLI DEI GIORNALI:

The disagreements during an informal Cabinet meeting on the mid-term programme and the possibility of a referendum, salary cutbacks in the public sector and tax increases, mostly dominated the headlines on Tuesday in Athens' newspapers.

ADESMEFTOS TYPOS: "The 'distance' between Greece and China becomes smaller".
AVGHI: "Prime Minister George Papandreou in state of panic, plays dangerous game".
AVRIANI: "The MPs who really disagree with the government's handling should resign".
ELEFTHEROS TYPOS: "They're blaming each other for the failure".
ELEFTHEROTYPIA: "30 percent cuts in lump sum retirement benefit".
ESTIA: "Absurdities with taxation".
ETHNOS: "Objections over layoffs in public sector and tax-free ceiling reduction".
IMERISSIA: "Nine-hour thriller in the Cabinet - Disagreements and, at the end, agreement".
NAFTEMPORIKI: "Referendum dilemma and revision of measures".
KATHIMERINI: "Papandreou obsessed with referendum".
RIZOSPASTIS: "All join in the general strike against the imposition of the horrific measures".
TA NEA: "George (Papandreou) seeking support".
VRADYNI: "Major cuts in specialised aids for the disabled".


(ana.gr)
 
Qualcuno riesce ad averlo????




From Reprofiling to Vienna Initiative 2.0: The Nonsense of Purely 'Voluntary' Bail-Ins of Greece's Sovereign Bank Creditors
By Nouriel Roubini
Jun 03, 2011
 
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Mid-Term Program to be tabled by end of week



ANA-MPA/Finance minister George Papaconstantinou late Monday told an informal Cabinet meeting that the Medium-Term Program on the economy will be tabled in parliament by the end of the week, according to sources, but it will not be voted on before the upcoming EU summit due to lack of time.
The same sources said that the new tax bill for 2012 will be tabled in September, providing for simplification of the tax scale, reduction of taxation rates, reduction of taxation of businesses, and reduction of VAT, although the main VAT rate will rise to 23 percent. However, the sources cited Papaconstantinou as saying that foods will not be subject to the 23 percent VAT rate.ana-mpa
The sources further cited Papaconstantinou as admitting shortfalls in the implementation of the Memorandum, attributing them to the recession in the economy. He added, however, that the government will not back down on its targets.
The finance minister further noted that the government intends to incorporate two of the proposals recently unveiled by main opposition New Democracy, namely those concerning 'reserve labor' and incentives for the repatriation of capital, which it intends to combine with the purchase of Greek bonds with that capital, the sources added.


(ana.gr)
 
IMF open to extending terms on Greek loans


By Harry Papachristou and Lefteris Papadimas
ATHENS | Tue Jun 7, 2011 5:40am EDT



ATHENS (Reuters) - The IMF is open to delaying Greece's repayment of its international loans but believes a major restructuring of its debt would create untold problems in the euro zone, a Fund official said on Tuesday.
A senior Greek official also said that the government expected parliament to vote by the end of June on its medium-term austerity plan, a condition for a new international bailout by the IMF and European Union.
Athens has made progress in tackling its debt crisis but cannot afford to relax the pace of reforms, Bob Traa, the International Monetary Fund's senior representative in Greece, told a banking conference.
"Greece is at a critical juncture and has no time to waste, now is not the time to slow down," he said.
Athens is struggling to avoid defaulting on its debt, which totals 340 billion euros ($499 billion) or about 150 percent of GDP.
EU officials are struggling to find a solution for its financing needs for coming years which both avoids triggering a default and pushes some of the burden onto the private sector.
"If you want a debt restructuring that will really make a difference, it will need to be very large. Such a large debt restructuring would create untold problems not just in Greece, but also in the euro zone," Traa said.
But he did hint that the IMF was open to other solutions. "Stretching out payment terms, for instance in loans from euro area partners and the IMF, is a reasonable thing to think about because we have amortization right at the end of the program. This is a technical issue we can think about," he said.
Greece has already won an extension of the time it has to repay loans extended under last year's 110 billion euro rescue mounted by the EU and IMF.
Traa did not say whether his comments referred only to Greece's official international lenders, or whether terms could also be stretched for debt held by commercial creditors.
Euro zone politicians, including German Chancellor Angela Merkel, have made clear that private creditors must share some of the burden in a second rescue, which Greece agreed with the IMF, EU and European Central Bank last Friday.
The ECB strongly opposes cutting the overall value of Greek debt held privately, whereby creditors would receive less than the face value of government bonds when they matured.
However, it has signaled that it is open to the idea that creditors would agree "voluntarily" to buy new Greek bonds when old ones they hold mature, meaning that Athens would not have to produce the cash up front.
It is unclear whether private sector banks would sign up to such a deal, how much they would be prepared to contribute and whether ratings agencies would look on such a move as a default.


CLOSELY INTERTWINED


Economists fear that any Greek default would badly hurt banks, including those in Greece, which hold large amounts of bonds issued by the Athens government.
"The fate of the Greek sovereign and the banking system remain closely intertwined. We do not favor a sovereign restructuring scenario," Traa said.
Greek banks are excluded from wholesale funding due to the country's crisis, and they rely on funding from the European Central Bank. But Traa said this had to end eventually.
"The crisis has put Greek banks under a great deal of stress. The ECB's exceptional support needs to be unwound over time," he said.
Banks should increase further their capital cushions to help reduce markets' doubts.
Earlier, the senior official said the government also planned to cut corporate tax -- a demand of the conservative opposition -- and reduce value-added tax from 2012.
However, these measures would not be part of the medium-term economic plan, he told reporters after a marathon cabinet meeting which began on Monday but carried on into Tuesday.
"Parliament will vote on the medium-term plan by the end of-June. It will be voted on as a single article," he said, asking not to be named.
Dissenters within the ruling PASOK party have demanded that each part of the plan, which includes 6.4 billion euros in new austerity steps this year and accelerated sales of state assets to cut the budget deficit, be handled in separate votes.
Voting on the plan as a single package would prevent the doubters from rejecting individual measures such as tax increases or sales of state assets.
The official signaled that the government had offered a concession to the opposition New Democracy party, which has demanded a corporate tax cut to stimulate the economy in return for its support for the latest austerity drive.
"In September, there will be a new tax law lowering VAT and corporate tax rates from 2012. The law will be fiscally neutral," he said, without providing details.
A second official repeated government assurances that it would not seek early elections despite daily mass protests against yet more budget cuts.
The EU has called on all leading Greek parties to forge a consensus on the medium plan, which covers a period beyond the next scheduled elections in 2013.
Two senior government officials also said the government was not planning any referendum on austerity, even though Prime Minister George Papandreou said on Monday that he was open to studying legislation allowing such votes.
Greece already has such an article in the constitution, and it was not clear whether he was referring to this, or the possibility of amended or new legislation.
 
Bce: consiglia acquisto bond greci, boom euro
Il rally delle borse e della moneta unica merito delle parole di Trichet, che si dice favorevole all'acquisto di titoli di stato greci. Il mercato ad Atene e' ancora in calo, perche' i commenti sono abbastanza vaghi.
di
Pubblicato il 07 giugno 2011 | Ora 11:24
Fonte: WSI
Commentato: 6 volte

New York - Dopo quattro sedute negative le borse tornano a correre grazie alle parole pronunciate da Jean-Claude Trichet. Il numero uno della banca centrale europea ha esortato gli investitori ad acquistare piu' titoli di stato greci, dicendo che "potrebbe aiutare", anche se non e' sicuro. I commenti, tuttavia, sono difficilmente decifrabili e il fatto che siano cosi' vaghi non fa bene al mercato di Atene, che e' ancora in calo. Le borse europee sono invece ben intonate. Quello che fa preoccupare e' che i rialzi dell'euro invece non siano sempre stati accompagnati da una buona prova dell'azionario (vedi grafico del boom dell'euro negli ultimi giorni). "La Bce e' consapevole del fatto che non c'e' modo di raggiungere lo status quo nella crisi del debito", dice a Bloomberg Robert Halver, head of research di Baader Bank AG. "Trichet sa che un piano di ristrutturazione leggero e' l'unica maniera per risolvere il problema greco, ovvero tornando ai mercati di capitale e non solo affidandosi a un pacchetto di aiuti".
fosse così io sono in una botte di ferro
prima la fanno questa cazz o di ristrutturazione meglio è alternative non ci sono ormai si sono convinti tutti
vediamo che gioco di prestigio faranno tipo bad greece and good greece
 
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Bce: consiglia acquisto bond greci, boom euro
......Trichet, che si dice favorevole all'acquisto di titoli di stato greci. I.

.Il numero uno della banca centrale europea ha esortato gli investitori ad acquistare piu' titoli di stato greci, dicendo che "potrebbe aiutare", anche se non e' sicuro..

subito pensavo fosse una battuta, ma la ritenevo un po esagerata per essere credibile.....al limite dell'assurdo...

Invece è vera!!!!:lol::lol::lol::lol::lol::lol::lol::lol::lol:
 
Bce: consiglia acquisto bond greci, boom euro
Il rally delle borse e della moneta unica merito delle parole di Trichet, che si dice favorevole all'acquisto di titoli di stato greci. Il mercato ad Atene e' ancora in calo, perche' i commenti sono abbastanza vaghi.
di
Pubblicato il 07 giugno 2011 | Ora 11:24
Fonte: WSI
Commentato: 6 volte

New York - Dopo quattro sedute negative le borse tornano a correre grazie alle parole pronunciate da Jean-Claude Trichet. Il numero uno della banca centrale europea ha esortato gli investitori ad acquistare piu' titoli di stato greci, dicendo che "potrebbe aiutare", anche se non e' sicuro. I commenti, tuttavia, sono difficilmente decifrabili e il fatto che siano cosi' vaghi non fa bene al mercato di Atene, che e' ancora in calo. Le borse europee sono invece ben intonate. Quello che fa preoccupare e' che i rialzi dell'euro invece non siano sempre stati accompagnati da una buona prova dell'azionario (vedi grafico del boom dell'euro negli ultimi giorni). "La Bce e' consapevole del fatto che non c'e' modo di raggiungere lo status quo nella crisi del debito", dice a Bloomberg Robert Halver, head of research di Baader Bank AG. "Trichet sa che un piano di ristrutturazione leggero e' l'unica maniera per risolvere il problema greco, ovvero tornando ai mercati di capitale e non solo affidandosi a un pacchetto di aiuti".
fosse così io sono in una botte di ferro
prima la fanno questa cazz o di ristrutturazione meglio è alternative non ci sono ormai si sono convinti tutti
vediamo che gioco di prestigio faranno tipo bad greece and good greece

New York - Dopo quattro sedute negative le borse tornano a correre grazie alle parole pronunciate da Jean-Claude Trichet. Il numero uno della banca centrale europea ha esortato gli investitori ad acquistare piu' titoli di stato greci, per sostituire le securities in via di scadenza, dicendo che cio' "potrebbe aiutare", anche se non e' sicuro.

Se da un lato Trichet ha precisato di essere contrario all'imposizione di perdite ai creditori, approverebbe una situazione in cui gli istituti finanziari mantenessero i loro livelli di credito circolante. Anche se siamo contrari all'idea di imporre perdite ai creditori, questo non significa che siamo contro il fatto che il settore privato, come e' stato chiesto peraltro un anno fa quando e' stato lanciato il primo programma di aiuti alla Grecia, e agli istituti finanziari d'Europa venga chiesto di conservare i loro livelli di credito circolante".

"Non si tratterebbe di un default ma di gumberla", ha detto in un evento tenutosi a Montreal ieri. "sarebbe qualcosa che la Bce considererebbe appropriato".
 
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