Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (11 lettori)

[tommy271]

Greece΄s GDP Dropped By 5.5% In Q1 2011



The Hellenic Statistical Authority (ELSTAT) announced on Thursday that the Gross Domestic Product for the 1st quarter of 2011 at constant prices 2000 decreased by 5.5 % in comparison with the 1st quarter of 2010 and increased by 0.2 % in comparison with the 4th quarter of 2010, according to available seasonally adjusted data.

Total final consumption expenditure recorded a decrease of 6.9% in comparison with the 1st quarter of 2010, while gross fixed capital formation (GFCF) decreased by 19.2% in comparison with the 1st quarter of 2010.

External trade deficit decreased by 40.7%, contributing positively to the GDP percent change.

Exports decreased by 2.0% in comparison with the 1st quarter of 2010. Exports of goods increased by 6.5% while exports of services decreased by 8.3%.

Imports decreased by 15.5% in comparison with the 1st quarter of 2010. Imports of goods decreased by 16.4% and imports of services by 12.0%.

As already reported, the methods of compiling quarterly data for General Government transactions for 2009-2011 have been changed compared with those used for the period 2000-2008. Quarterly estimates for the years 2009-2011 are made with data mainly from direct sources, while for the period 2000-2008 estimates were made by allocating the annual results to the quarters. This affects the comparability of the 2008 and 2009 data, and thus the quarterly rate of change of GDP between these two years reported here should be treated with caution.

It should be noted that estimates of government expenditure data for the 1st quarter of 2011 are highly preliminary and are subject to revision.

Due to the break in the time series of quarterly General Government data, and as the data compiled using the new method was only available for a very short period (Q12009-Q12011), the previously implemented method for the seasonal adjustment did not provide satisfactory results. To address the problem, ELSTAT in consultation with Eurostat, has applied a new method of seasonal adjustment, which allows for seasonal breaks and is deemed to provide more reliable results. Nevertheless, data users should continue to use caution in using these results until a longer time series is established.


(capital.gr)

 

[frmaoro]

come se ne esce da questa situazione ?
i papa continuano a rimandare l'approvazione della legge finanziaria
non hanno i numeri difficile sboccare la situazione si continua a rimandare
vedremo chi cederà alla fine

 

[tommy271]

ELSTAT: Imports Dropped, Exports Rose In April 2011



The total value of imports-arrivals, excluding oil products, in April 2011 amounted to €2,522.6 million against €2,950.8 million in April 2010, recording a drop of 14.5%.

The total value of imports-arrivals, excluding oil products, for the 12-month time period of May 2010 - April 2011 decreased by 16.4% compared to the corresponding 12-month time period of May 2009 - April 2010.

The total value of exports-dispatches in April 2011 amounted to €1,697.2 million against €1,296.3 million in April 2010, recording an increase of 30.9%.

The total value of exports-dispatches, excluding oil products, in April 2011 amounted to €1,293.0 million against €1,180.1 million in April 2010 recording an increase of 9.6%.

The total value of exports-dispatches, excluding oil products, for the 12-month time period of May 2010 - April 2011 increased by 10.5% compared to the corresponding 12-month time period of May 2009 - April 2010.

The total value of imports-arrivals in April 2011 amounted to €3,060.2 million against €3,711.3 million in April 2010. The statistics of imports for oil products are calculated according to the data derived from the customs declarations. The status of the audited incomplete customs declarations, for April 2010, has been integrated in the compilation of the external trade statistics. The corresponding declarations for April 2011 have not been integrated yet, since they have not been finalized entirely, having as a result the lack of comparability of the external trade statistics data between April 2011 and April 2010.

(capital.gr)

***
Ieri i brutti dati sull'occupazione e sulla manifattura contrastano, oggi, con i buoni dati dell'export.

 

[tommy271]

Greek Stocks Mixed as Investors Weigh New Fiscal Measures



The General Index of Athens Stock Exchange moves between profits and losses on Thursday, following three consecutive downward sessions.

FTSE20 shares post mixed signs, with Marfin Popular Bank and Alpha Bank standing out, while ATEbank, MIG and Ellaktor are under pressure.

In the wake of a merger proposal between Hellenic Postbank (TT) and TBank, the banking index moves into positive territory, although early profits of 2.68% have been already trimmed.

Market analysts comment that TT and TBank talks could revive discussions on consolidation in the banking sector, however they expect the market to react much more cautiously in relation with the unfruitful merger of National Bank and Alpha Bank.

This is attributed to the different magnitude of a potential deal and the stock “fatigue” that has preceded, along with the growing concern caused by fiscal developments. Moreover, there are still pending issues for the release of the fifth aid instalment to Greece, while the government is about to announce further austerity measures.

Across the board, the General Index is at 1,260.74 units, with marginal profits of 0.14%. The turnover stands at €30m, while a total amount of 30 shares rise, 39 decline and 26 remain unchanged.

Banks are currently at 947.39 units, posting profits of 0.95%. Marfin Popular Bank and Alpha Bank gain 1.61% and 1.59% respectively, while National Bank moves upwards by 1.47%. On the other hand, ATEbank falls by 4.17%.


(capital.gr)

 

[tommy271]

Consumer Price Index Rose By 3.3% In May 2011



The Consumer Price Index (CPI) in May 2011 compared with May 2010, increased by 3.3%. In May 2010, the annual rate of change of the CPI was 5.4%, the Hellenic Statistical Authority said.

According to an announcement, the CPI in May 2011 compared with April 2011 increased by 0.2%. In May 2010, the monthly rate of change of the CPI was 0.8%.

In the twelve-month period from June 2010 to May 2011 compared with the period from June 2009 to May 2010 the annual average rate of change of the CPI was 4.9%. The corresponding annual average rate of change of the CPI in the previous year (June 2009 to May 2010), was 2.3%.


(capital.gr)

 

[Nobody's]

Vediamo Trichet che dice....

14.30

 

[tommy271]

Pimco backs private creditor involvement in Greece






FRANKFURT, June 9 | Thu Jun 9, 2011 6:30am EDT

FRANKFURT, June 9 (Reuters) - Participation by private creditors in Greece's restructuring is "unavoidable", the head of portfolio management at the Munich office of Pimco, a unit of Europe's biggest insurer Allianz (ALVG.DE), said.
"I am in favour of participation by the private sector simply on the grounds of fairness," Andrew Bosomworth said on Thursday.
PIMCO has already reduced its exposure to Greece to zero, however, he said.
"Our baseline is that default is inevitable and that it will happen inside the monetary union," Bosomworth said.
However, he said it is becoming clear that an alternative scenario on the other extreme is also a growing possibility: that Greece seeks to regain competitiveness outside the monetary union.
"There is no middle ground, (the alternatives) are very binary," Bosomworth said.

 

[tommy271]

German insurers halved Greek debt exposure -report






BERLIN | Thu Jun 9, 2011 7:03am EDT

BERLIN May 9 (Reuters) - German insurers halved their exposure to the sovereign debt of Greece in the year to March and slashed holdings in Irish, Portuguese, Spanish and Italian debt, according to a report for Germany's parliament.
Their exposure to Greek debt fell to 2.79 billion euros in March 2011 from 5.83 billion a year earlier; Irish debt holdings fell to 3.89 billion from 7.13 billion; Italian debt to 20.04 billion from 27.79 billion; Portuguese debt to 2.79 billion from 4.50 billion and Spanish to 9.06 billion from 20.93 billion.
The data came from a report on German insurers' exposure to sovereign debt prepared for the finance committee of the lower house or Bundestag, which was obtained by Reuters on Thursday.
It said their total exposure to the sovereign debt of the broader European Union totalled 256.18 billion euros as of March 31 this year.

 

[Nobody's]

Pimco backs private creditor involvement in Greece






FRANKFURT, June 9 | Thu Jun 9, 2011 6:30am EDT

FRANKFURT, June 9 (Reuters) - Participation by private creditors in Greece's restructuring is "unavoidable", the head of portfolio management at the Munich office of Pimco, a unit of Europe's biggest insurer Allianz (ALVG.DE), said.
"I am in favour of participation by the private sector simply on the grounds of fairness," Andrew Bosomworth said on Thursday.
PIMCO has already reduced its exposure to Greece to zero, however, he said.
"Our baseline is that default is inevitable and that it will happen inside the monetary union," Bosomworth said.
However, he said it is becoming clear that an alternative scenario on the other extreme is also a growing possibility: that Greece seeks to regain competitiveness outside the monetary union.
"There is no middle ground, (the alternatives) are very binary," Bosomworth said.

.

 

[tommy271]

GRECIA: OGGI NUOVI SCIOPERI E PROSEGUONO PROTESTE




12:44 09 GIU 2011

(AGI) Atene - Oggi in Grecia gli addetti delle imprese pubbliche che rischiano di essere privatizzate incrociano le braccia per 24 ore, mentre migliaia di impiegati delle aziende pubbliche protestano nelle strade contro le misure di austerita'.
Intanto il governo cerca di bloccare l'emorragia di deputati socialisti dissidenti che intendono schierarsi in Parlamento contro le nuove misure di austerita' richieste dalla troika (Ue, Bce e Fmi) per garantire la sostenibilita' del debito.
.