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

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Ieri è ritornato il gelo sui periferici, dopo i guadagni delle ultime sedute i greci hanno segnato una battuta d'arretramento.
I motivi li conosciamo, tutti legati alla quinta trance insieme ad un nuovo programma di aiuti che ieri Schaeuble ha stimato in 90 MLD.
Intanto tra gli USA che rischiano un "default breve" e le rotative inglesi che continuano a stampare sterline, l'area dell'Euro - nonostante tutto - è l'unica ad aver iniziato a prendere politiche volte al contenimento del debito.
La situazione è grave, ma la strada di uscita è una sola. Se non si vuole il disastro.

Grecia 1324 pb. (1294)
Irlanda 800 pb. (757)
Portogallo 713 pb. (704)
Spagna 232 pb. (223)
Italia 171 pb. (165)
Belgio 112 pb. (107)
 
EURO GOVT-Greece in focus ahead of ECB meeting






LONDON, June 9 | Thu Jun 9, 2011 2:09am EDT



LONDON, June 9 (Reuters) - Greece looked set to remain in focus on Thursday after European officials said more steps were needed to meet deficit cutting targets, while debate continued over how policymakers should tackle the country's debt problems.
Bund futures edged 5 ticks higher at the open to 124.93, with trading ranges set to be limited ahead of the European Central Bank's meeting later in the day.
The EU, ECB and IMF mission to Greece said in a report obtained by Reuters on Wednesday that the next disbursement of Greek aid could not take place until it corrected the under-financing in its adjustment programme.
"It doesn't read very well at all... I can't see anything supportive in there for Greece," a trader said.
Meanwhile, policymakers appeared to be edging closer to a compromise on how to structure a second aid package to Greece, but markets remained sceptical over the immediate impact of any solution involving private sector bondholders.

"The risk is that if Greece restructures or reprofiles, Portugal and Ireland are going to get smashed and Spain and Italy are going to get shot at too. It's brutal," the trader said. The European Central Bank is expected to keep interest rates on hold in June when it holds its monthly policy meeting later in the day, but markets expect the bank to signal it will raise interest rates in July.
The 10-year German bond yield DE10YT=TWEB was down half a basis point at 3.05 percent, while the two-year yield DE2YT=TWEB was flat at 1.667 percent.
 
Germany Green Party: ECB Must Accept Greek Restructuring - Report

First Published Thursday, 9 June 2011 06:04 am - © 2011 Dow Jones


FRANKFURT -(Dow Jones)- The European Central Bank must accept the reality of a restructuring of Greek debt, Gerhard Schick, a financial policy expert representing Germany's Green political party, told German daily Handelsblatt in an interview published Thursday.
"Their strategy of 'keep at it' is hardly convincing," Schick said in an interview.
The ECB has thus far fiercely opposed any form of restructuring of Greek debt, on grounds it could increase contagion risks and force it to end its liquidity provision to Greek banks, which would in turn spark a domestic banking crisis.
Schick said further aid measures for Greece should seek to achieve a debt level for the country that is sustainable over the long-term. He said a proposal by German Finance Minister Wolfgang Schaeuble to extend the maturities on Greek sovereign debt by seven years wouldn't be sufficient for making Greek debt sustainable.
 
sinceramente, per quello che tommy, ha postato oggi, la mia preoccupazione maggiore è rivolta all'approvazione da parte della maggioranza di governo, al pacchetto austerità. questo mi pare un ostacolo da considerare; superato questo, la mia opinione è che nessuno ci cambierà scadenza e cedola, come nessuno ci proporrà scambi con altri titoli o con garanzie efsf.
Da quello che hanno dichiarato i compagni di merende PPE europei riguardo l'appoggio al piano di austerity, Samaras di ND voterà a favore.
Se il Pasok rimane unito e coeso lo scoglio parlamentare greco dovrebbe essere superato .
Sulla seconda parte del tuo pensiero, Maratoneta, ho qualche riserva purtroppo.
 
Ultima modifica:
Pressure mounts on PM to reshuffle his Cabinet



Education minister adds her voice to those calling for changes

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Prime Minister George Papandreou came under growing pressure on Wednesday to reshuffle his Cabinet in an attempt to give new momentum to his government, which is struggling under criticism from the European Union and the International Monetary Fund, dissenting PASOK MPs and protesting voters.
Education Minister Anna Diamantopoulou, one of the highest-profile members of the Cabinet, admitted that the government had lost its way and that changes needed to be made to its frontline personnel. “The government has lost enough time,” she told Mega TV. “Whoever is reluctant should get up and leave.”
Diamantopoulou appeared to agree with those who have been arguing that Papandreou needs to bring in people from outside the sphere of politics to help run the country. She called on the prime minister to draw from “the whole of society” to help “save the country.”
Sources said that ministers are taking it as a given that there will be a reshuffle. In fact, some are advising the prime minister to carry it out before the midterm fiscal plan, which will introduce fresh austerity measures, is passed through Parliament.
One of the ministers whose position could be under threat is Giorgos Papaconstantinou. The finance minister came under attack from PASOK MPs on Tuesday and his growing unpopularity within the ruling party could prompt Papandreou to replace him.
“I am stating it absolutely clearly that we will not accept any changes to the tax on heating oil without a redistribution mechanism,” PASOK deputy Paris Koukoulopoulos told Athina 984 radio on Wednesday. “We will not accept all the privatizations happening at the same time.”
Popular Orthodox Rally (LAOS) leader Giorgos Karatzaferis launched an outspoken attack on Papaconstantinou in Parliament, referring to him as “a college boy with no social or professional achievements who lacks any experience of the market.”
Papaconstantinou’s deputy, Filippos Sachinidis, also came under attack on Wednesday when he briefed MPs on whether the government is meeting its budget targets.






ekathimerini.com , Wednesday June 8, 2011 (23:15)

***
Sempre molto aspro il dibattito nel Pasok.
 
Da quello che hanno dichiarato i compagni di merende PPE europei riguardo l'appoggio al piano di austerity, Samaras di ND voterà a favore.
Se il Pasok rimane unito e coeso lo scoglio parlamentare greco dovrebbe essere superato .
Sulla seconda parte del tuo pensiero, Maratoneta, ho qualche riserva purtroppo.

Il rapporto della Troika diceva l'inverso.
Ma vediamo ... la situazione è in continua evoluzione.
Mi basta un'astensione o che alcuni membri, a titolo personale, votino a favore.
 
Samaras comes under EU pressure



Officials in Brussels urge Greece’s main opposition leader to cooperate with government

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The leader of the main conservative opposition New Democracy, Antonis Samaras, on Wednesday came under additional pressure from European Union officials who pressed him to reach a political consensus with Greece’s Socialist government on a new raft of austerity measures aimed at saving the country from default.
In a written statement, European Council President Herman Van Rompuy urged Samaras to “urgently” cooperate with the Greek government.
Following talks with Samaras in Brussels, Van Rompuy reiterated the EU’s readiness to continue supporting Greece but said he also expected “broader political backing from all sides” for the country’s austerity drive.
The president of the European Commission, Jose Manuel Barroso, was equally firm in a statement he issued after his talks with the ND leader, calling on Samaras to “practically commit to efforts to reach a broad national consensus.”
A source close to Samaras confirmed that the Greek opposition leader and the European officials had not seen eye-to-eye. “There were no grounds for agreement whatsoever,” the source told Kathimerini.
On Tuesday, French Prime Minister Francois Fillon urged Samaras to “support the new structural plan being negotiated by the Greek government” and emphasized “the need for Greek political forces to show responsibility at this crucial time.”
Samaras has resisted overtures from the Greek government for consensus, proposing instead his own alternative fiscal program featuring tax cuts rather than hikes.






ekathimerini.com , Wednesday June 8, 2011 (22:39)
 
Hellenic Petroleum also part of Greek asset sales

Thu Jun 9, 2011 6:20am GMT




ATHENS, June 9 (Reuters) - Greece's biggest refiner Hellenic Petroleum (HEPr.AT: Quote) was included in the country's privatisation plan, according to an EU/IMF report obtained by Reuters late on Wednesday.
Greece will sell its 35.5 percent stake in Hellenic in the first quarter of 2012, according to a provisional list of privatisation assets attached to the report.
Hellenic Petroleum has a market capitalisation of 2.06 billion euros ($3 billion). It is listed on the Athens Stock Exchange. The company runs refineries in Greece and Macedonia and petrol stations across southeast Europe and in Cyprus.
Hellenic's biggest single shareholder is POIH Investment Ltd, with a 41 percent stake. The company had hitherto not been included in Greece's privatisation plans, which are to raise 50 billion euros by 2015 to pay down debt.
According to the list in the EU/IMF report, Greece would also sell separately a 55 percent stake in natural gas company DEPA and a 31 percent stake in the country's natural gas grid operator DESFA. Both sales are scheduled for the last quarter of this year.
 
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