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

[tommy271]

Samaras briefed by FinMin on Eurogroup



(ANA-MPA) -- Main opposition New Democracy (ND) leader Antonis Samaras was briefed by Finance Minister Evangelos Venizelos on the recent Eurogroup meeting in Luxembourg, during a telephone contact on Tuesday morning, the finance ministry said in an announcement.

Venizelos, in reply to press questions, said he discussed the closely watched Medium-Term Fiscal Programme, due to be voted in on Parliament on June 28, and on the programme's implementation law.

He also said that Samaras said he understands the need to abide by the timetable agreed in the Eurogroup regarding the ratification of the two laws (Medium-Term programme and application law) by the end of June, regardless of the position ND will take on the substance of the measures.

To another question on whether the reference to national unity contained in the Eurogroup announcement after the Luxembourg meeting meant that the a condition for progress in the procedures was the opposition's positive vote for ratification of the Medium-Term Programme and its application law, Venizelos replied that this has not been placed as a condition, although it would be desirable for the government.

(ana.gr)

 

[tommy271]

Greek-Israeli collaboration





(ANA-MPA) -- The potential for new business collaborations between Greece and Israel in water resources management, as was the case between Israel with Italy and Spain, was at the focus of an event entitled "Water and Renewable Energy Sources - New techniques, regulations and trends", organised on Tuesday by the Greek-Israel Chamber of Commerce and Technology.

The event was held within the context of activities aimed at enhancing Greece-Israel relations in the fields of trade, research and technology.

Israeli water resources management innovations were presented at the event, such as reuse of waste and desalination with use of renewable energy sources.

(ana.gr)

 

[tommy271]

Tax bureau: Only 18.47% of 2011 tax returns show net tax liability




(ANA-MPA) -- After the latest batch of 574,455 notifications was sent to taxpayers on Monday, the number of tax returns in 2011 showing a net liability for more taxes is only 18.47 pct of the total.

Of the 2,221,078 tax notifications mailed to taxpayers so far, 39.74 percent inform them of a tax refund, 41.95 percent show a zero debt and 18.47 percent notified of additional taxes.

The number of those eligible for a refund is significantly increased relative to previous years, chiefly as a result of a measure that uses sales receipts for goods and services to build up one's tax allowance.

(ana.gr)

 

[tommy271]

I TITOLI DEI GIORNALI DI QUESTA MATTINA:

Expectedly, deliberations and political developments surrounding the closely watched fifth installment of an EC-ECB-IMF bailout loan to Greece dominated the headlines in Athens' dailies on Tuesday, while some papers also cited the drop in college entrance exam scores.


ADESMEFTOS TYPOS: "State owes 6.1 billion euros to the market..."

AVGI: "Syntagma protesters against a vote of confidence".

AVRIANI: "(New FinMin Evangelos) Venizelos should call up protesters to his office".

DIMOKRATIA: "Venizelos 'kowtowed' before lenders".

ELEFTHEROTYPIA: "Education gets a failing grade".

ΕLEFTHEROS TYPOS: "Entrance levels drop by as much as 1,500 points".

ESTIA: "This is how the 20-month period (of PASOK governance) was lost".

ETHNOS: "Drop in scores for best schools".

KATHIMERINI: "Pressure on Greece at the max".

IMERISSIA: "Bank sector armaggedon of two trillion euros".

NAFTEMPORIKI: "Not a euro in loan money before Mid-term programme is passed".

RIZOSPASTIS: "The people will demolish the bourjourois political system".

ΤΑ ΝΕΑ: "Carrot and stick".

(ana.gr)

 

[tommy271]

EURO GOVT-Bunds down, Greek bonds rise before key vote






Tue Jun 21, 2011 12:41pm EDT

* Analysts hope vote will pave way for austerity, bailout
* Hefty demand for Spanish T-bills but yields rise



By Ana Nicolaci da Costa and Marius Zaharia


LONDON, June 21 (Reuters) - German government bonds fell and Greek bonds rose on Tuesday as investors braced for a key parliamentary confidence vote which they hoped would take Greece to a second bailout and to avoiding default.
Markets expect Greek Prime Minister George Papandreou to survive the late-night vote, but traders said there was a risk.
Even if Greece's prime minister survives the vote, Bund selling should be short-lived since Papandreou still faces the tricky task of pushing through key fiscal reforms next week.
A failure to secure political backing for a fresh round of painful austerity measures would raise doubts over the 12 billion euro lifeline readied by international lenders to save Greece from near-term default.

"There is increased optimism that 1) the prime minister will survive the confidence motion tonight and 2) that will pave the way for austerity measures to be passed. As a result, Greece will get the necessary financing to push the debt restructuring further down the road," Nick Stamenkovic, bond strategist at RIA Capital Markets said. "But the stakes are high."
The Bund future FGBLc1 was down at a settlement close of 125.89, with ten-year yields DE10YT-TWEB up 2.6 basis points at 2.98 percent.
The yield spread between 10-year Greek bonds GR10YT=RR and their German counterparts was about 60 basis points tighter around 1,420 basis points.
The 10-year yield spread between Portuguese and German bonds also narrowed to 907 basis points, while the equivalent Spanish/German Bund spread was tighter at 250 basis points.
"The view is that the Greek confidence vote is a done deal so the backdrop for risk assets is looking more positive in the short-term," a trader in London said.
But a significant improvement in risk appetite was hard to imagine even if Greece hammers through the IMF/EU prescribed reforms, as debate over how to involve the private sector in a second bailout package will continue.
Fitch warned again on Tuesday it would regard a voluntary rollover of Greece's bond maturities as default.




GERMAN SENTIMENT
A green light for Papandreou, coupled with portfolio adjustment before a Bund auction on Wednesday, could send Bund yields back to 3 percent, said Credit Agricole strategist Peter Chatwell.
Germany will auction up to 4 billion euros of 10-year debt on Wednesday, where demand will be closely watched following a lacklustre two-year bond auction this week.
"To justify the current levels of the market you need a deterioration of the situation to be sustained," said Chatwell.
"If Papandreou fails, the fear trade will be back on again."
An impasse over how to bailout Greece and how to get private investors involved have underpinned bond markets in recent weeks, while peripheral bonds struggled with concerns of contagion.
The fear is that a Greek default could send yields on the bonds of other euro zone weaklings sharply higher, locking those countries out of money markets for longer than expected.
Testing appetite for non-core bonds, Spain found hefty demand for its T-bills in an auction on Tuesday, but had to pay a 1.568 percent yield for three-month paper. That was 19 basis points higher than at a previous sale and 6 bps above two-year German yields.
"The strong cover seen here is reassuring but the higher yields underline the fact that while Spain has currently no problem in funding itself, this comes at an increasing price," said Rabobank strategist Richard McGuire.

 

[tommy271]

Economic Historian: 'Germany Was Biggest Debt Transgressor of 20th Century' - SPIEGEL ONLINE - News - International

 

[tommy271]

IIF bank lobby to discuss creditor role in Greece


BERLIN, June 21 | Tue Jun 21, 2011 1:38pm EDT

BERLIN, June 21 (Reuters) - The head of the Institute of International Finance will travel to Greece later this week to talk to banks there about the debt crisis and see how it can help, a spokesman for the industry lobby said on Tuesday.
The IIF, whose managing director Charles Dallara will be travelling to Athens, is "trying to be helpful in this process" but has not formally been asked by the euro zone, International Monetary Fund or European Central Bank to get involved, he said.
One banking industry source said the institute grouping banks, investment managers and other institutions was testing the water for the possible involvement of private creditors in a new Greek aid package.

 

[tommy271]

Grecia, Venizelos: nuovo sistema tasse priorità assoluta

martedì 21 giugno 2011 20:03






ATENE, 21 giugno (Reuters) - La priorità della Grecia dopo che il nuovo governo avrà ottenuto la fiducia sarà un sistema di tassazione più equo. Lo ha detto oggi il neo ministro delle Finanze al Parlamento.
"La nostra priorità assoluta sarà mettere in atto un nuovo sistema di tasse che ponga fine all'ingiustizia per cui coloro che non evadono le tasse sono gli unici a pagare", ha detto il ministro delle Finanze Evangelos Venizelos.
Il governo del primo ministro greco George Papandreou dovrebbe superare il voto di fiducia di stanotte, ma dovrà rapidamente approvare un pacchetto di misure di austerity per ottenere altri aiuti da Ue e Fmi ed evitare il default.

 

[tommy271]

IMF Lipsky: 'Very Hopeful' On Greece After Luxembourg Meeting

First Published Tuesday, 21 June 2011 08:14 pm


BERLIN (MNI) - IMF Acting Managing Director John Lipsky on Tuesday praised the outcome of the meeting of Eurozone finance ministers in Luxembourg, saying he hoped for real progress on Greece's fiscal problems now.
"I think it is a positive signal that the Eurogroup came to a consensus view on the way forward" for Greece, Lipsky told reporters at the sidelines of an event organized by the American Academy in Berlin.
The IMF head said he is now "very hopeful" on Greece and "hopes to see real progress" in the country.
In order for the fifth tranche of financial aid from the IMF and the EU to be paid out to Greece, the Greek authorities need to assure that they will go ahead in implementing the structural and fiscal adjustment program, Lipsky stressed. Otherwise, the conditions for paying out this aid will not be met, he reminded.
Asked to comment on a possible additional financial aid package for Greece, Lipsky said that there "was no request by the Greek authorities to discuss a new program."
In his speech and a question-and-answer session, Lipsky said the core problem of Greece and Portugal was not their elevated public debt, but their lack of economic competitiveness.
"If competitiveness cannot be restored in these economies than growth cannot be restored, this is the focus," the IMF head elaborated. "Debt is a problem that reflects the underlying problem of a lack of competitiveness."
As long as these countries will continue to implement the required adjustment programs, "we will make sure that their financial needs are met," Lipsky vowed.
If Greece implements the structural reform program fully, "it has a reasonable chance of success," he reckoned. Yet, the key question remains whether the Greek government will be able to actually implement the painful reforms, he added.
Asked to comment on widespread market expectations that Greece will eventually default on its debt, Lipsky acknowledged that "right now there is scepticism in the markets." Yet, he noted that "markets get it wrong, markets change their mind."
Commenting on global developments, the IMF head said "it remains a concern" that developed economies are not producing sufficient growth to substantially reduce unemployment.
Regarding emerging economies, the trend of rising consumer price inflation is becoming worrisome, Lipsky said. "Emerging economies are growing in a way that threatens to become unbalanced," he warned.

 

[Nobody's]

Vedo che fai la guardia stasera tommy ehh...ehhh