Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
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tommy271
Forumer storico
Sono 154.
Ma Venizelos sta "pressando" un malpancista per riportare quota 155.
Ieri un deputato di ND si è detto disposto a votare il pacchetto a "medio termine" nel caso il governo si fosse trovato in difficoltà.
Gaudente
Forumer storico
Quindi bastano 9k per far crollare un titolo ... mitico
tommy271
Forumer storico
Greece-Troika In Agonizing Negotiations
The terms of privatizations and further spending cuts in wages, investment and social benefits have been the apple of discord between the Finance Ministry and the Troika.
The negotiations stopped late Thursday with ministry officials noting that the major issues have been finalized. They added that after the scheduled meeting between the two sides Friday morning focusing on “technical details”, the Implementation Law is communicated to the parties and the public.
Troika’s top officials had long negotiations with the Finance Ministry which reversed the government program and canceled FinMin’s trip to Brussels. The concerned intensified when Troika’s leaders decided to arrive in Athens.
Anxiety reached a peak when it was leaked that there is a gap of €3.5-3.8b in the program, after government made several “social” adjustments to the program. FinMin Evangelos Venizelos reassessed the gap at €5.5b at a press conference, announcing additional tax hikes.
While, the revenue measures finalized on Thursday afternoon, the front of expenditure measures remained open. The minister admitted that further spending cuts of €1.3b should be decided. An amount of €400m refers to operating spending in 2011.
Officials said that it is hard to cut further commodity spending and the burden would inevitably fall to the new payroll, social benefits and investments.
Regarding privatizations, the troika requires strict deadlines and terms of development of real estate assets and public companies through the new fund of state property development.
The minister committed that the fund would fully belong to the Greek State. A five-member board would be appointed with the consent of the public utilities commission. The two Eurozone and European Commission representatives would have a monitoring role .
(capital.gr)
The terms of privatizations and further spending cuts in wages, investment and social benefits have been the apple of discord between the Finance Ministry and the Troika.
The negotiations stopped late Thursday with ministry officials noting that the major issues have been finalized. They added that after the scheduled meeting between the two sides Friday morning focusing on “technical details”, the Implementation Law is communicated to the parties and the public.
Troika’s top officials had long negotiations with the Finance Ministry which reversed the government program and canceled FinMin’s trip to Brussels. The concerned intensified when Troika’s leaders decided to arrive in Athens.
Anxiety reached a peak when it was leaked that there is a gap of €3.5-3.8b in the program, after government made several “social” adjustments to the program. FinMin Evangelos Venizelos reassessed the gap at €5.5b at a press conference, announcing additional tax hikes.
While, the revenue measures finalized on Thursday afternoon, the front of expenditure measures remained open. The minister admitted that further spending cuts of €1.3b should be decided. An amount of €400m refers to operating spending in 2011.
Officials said that it is hard to cut further commodity spending and the burden would inevitably fall to the new payroll, social benefits and investments.
Regarding privatizations, the troika requires strict deadlines and terms of development of real estate assets and public companies through the new fund of state property development.
The minister committed that the fund would fully belong to the Greek State. A five-member board would be appointed with the consent of the public utilities commission. The two Eurozone and European Commission representatives would have a monitoring role .
(capital.gr)
tommy271
Forumer storico
GRECIA, GOVERNO SPAGNOLO HA CHIESTO A BANCHE DI FARE ROLLOVER DEBITO GRECO PER PROSSIMI 5 ANNI - FONTEReuters - 24/06/2011 10:31:32
Grecia, Spagna ha chiesto a banche rollover debito 5 anni-fonte
venerdì 24 giugno 2011 10:44
MADRID, 24 giugno (Reuters) - Il governo spagnolo ha chiesto a banche e assicurazioni di rinnovare i titoli di stato greci per i prossimi cinque anni. Lo riferisce una fonte vicino alla situazione.
"Quello che hanno chiesto è che banche, cajas e assicurazioni mantengano le loro posizioni in bond greci nei prossimi 5 anni", dice la fonte.
***
Qui almeno, insieme alle news dal Belgio di ieri, abbiamo il dato del rollaggio a 5 anni anzichè 7, come inizialmente proposto da Schaeuble.
tommy271
Forumer storico
EU sweetens deal for Greece, pushes austerity
European leaders pledge extra 15 bln euros to boost growth, say midterm program must pass
European Union leaders meeting in Brussels on Thursday sought to encourage Greece to push through a new raft of austerity measures in a crucial Parliament vote next week, pledging an additional 15 billion euros in aid to boost growth and employment in the debt-ridden country and saying that Greek contribution to EU-subsidized projects would be limited to 15 percent.
European Council President Herman Van Rompuy told a press conference that support from the private sector would be involved in a new support package for Greece. At the same press conference European Commission President Jose Manuel Barroso said that an additional 15 billion euros could be disbursed to help Greece boost sluggish growth and tackle rising unemployment. He added that Greece’s contribution to EU-subsidized projects in the country would be limited to 15 percent.
However, in a joint statement, EU leaders attending the summit said any new support – including the scheduled disbursement of a 12-billion-euro tranche of rescue funding next month - would be dependent on Greece pushing a new package of austerity measures – the government’s so-called midterm fiscal program – through Parliament next week. The statement recognized the “significant progress” made by Greece and the “strong commitment” displayed by the government in persisting with its austerity drive. But it emphasized that “the complete package of reforms that has been agreed with the Commission, in cooperation with the European Central Bank and the International Monetary Fund and the adoption by the Greek Parliament of the fiscal strategy and privatization program must be urgently completed in the coming days.”
The statement reiterated appeals to Greek opposition parties to support the austerity program and facilitate its implementation following the persistent rejection of the plan by conservative New Democracy leader, Antonis Samaras, who was in Brussels on Thursday for a meeting of conservative MPs from various EU countries.
According to sources, Prime Minister George Papandreou asked his EU peers to commit to pledging another three years of rescue funding to Greece and was given a positive answer, on the condition that austerity measures are implemented.
Addressing reporters after the first session of talks in Brussels late Thursday, Papandreou said, “We received the support of our partners and this not only a green light but also a very positive sign for the future of Greece.”
ekathimerini.com , Friday June 24, 2011 (11:46)
***
Luci ed ombre.
European leaders pledge extra 15 bln euros to boost growth, say midterm program must pass
European Council President Herman Van Rompuy told a press conference that support from the private sector would be involved in a new support package for Greece. At the same press conference European Commission President Jose Manuel Barroso said that an additional 15 billion euros could be disbursed to help Greece boost sluggish growth and tackle rising unemployment. He added that Greece’s contribution to EU-subsidized projects in the country would be limited to 15 percent.
However, in a joint statement, EU leaders attending the summit said any new support – including the scheduled disbursement of a 12-billion-euro tranche of rescue funding next month - would be dependent on Greece pushing a new package of austerity measures – the government’s so-called midterm fiscal program – through Parliament next week. The statement recognized the “significant progress” made by Greece and the “strong commitment” displayed by the government in persisting with its austerity drive. But it emphasized that “the complete package of reforms that has been agreed with the Commission, in cooperation with the European Central Bank and the International Monetary Fund and the adoption by the Greek Parliament of the fiscal strategy and privatization program must be urgently completed in the coming days.”
The statement reiterated appeals to Greek opposition parties to support the austerity program and facilitate its implementation following the persistent rejection of the plan by conservative New Democracy leader, Antonis Samaras, who was in Brussels on Thursday for a meeting of conservative MPs from various EU countries.
According to sources, Prime Minister George Papandreou asked his EU peers to commit to pledging another three years of rescue funding to Greece and was given a positive answer, on the condition that austerity measures are implemented.
Addressing reporters after the first session of talks in Brussels late Thursday, Papandreou said, “We received the support of our partners and this not only a green light but also a very positive sign for the future of Greece.”
ekathimerini.com , Friday June 24, 2011 (11:46)
***
Luci ed ombre.
ferdo
Utente Senior
ora non resta che sapere quali scadenze di titoli sono interessate
tommy271
Forumer storico
Su questo versante è ancora tutto annebbiato: solo fino al 2015 o su tutte le scadenze?
tommy271
Forumer storico
EURO GOVT-Greek deal hurts Bunds, but not for long
Fri Jun 24, 2011 5:05am EDT
* German Bunds fall on austerity consent, prospect of funds
* 10-year yield near 2011-lows, 2.80 level eyed
* Economic backdrop, Greek worries to limit Bund downside
By Ana Nicolaci da Costa
LONDON, June 24 (Reuters) - German debt fell on Friday after Greece won a commitment for more international aid in return for further austerity, but uncertainty over Greece's ability to avoid default should keep bonds underpinned.
After a day of wrangling in Athens, new Finance Minister Evangelos Venizelos clinched a deal with EU and IMF inspectors on extra tax rises and spending cuts to plug a 3.8 billion euro funding gap due to a revenue shortfall. .
But the Greek parliament still has to vote on June 28 on a new package of austerity and reform measures.
The Bund future FGBLc1 fell 37 ticks to 126.82, pushing 10-year yields up 2.4 basis points to 2.89 percent.
"It's a question of trade now, ask questions later," Richard McGuire, rate strategist at Rabobank said.
"I don't think it changes the bigger picture, the same hurdles need to be overcome as was the case yesterday."
While Prime Minister George Papandreou has expressed confidence over the June 28 vote in public, Slovak Prime Minister Iveta Radicova said he had voiced uncertainty in a private telephone call on Wednesday -- meaning parliamentary approval was not a given. .
If the vote went through, and Greece did get more money from international lenders, it remained unclear how the private sector would be involved in a second bailout without prompting rating agencies to downgrade Greek debt to default.
There was also a growing view that any rescue package would only delay what is widely seen as an inevitable Greek default.
Peripheral bonds were broadly mixed but the cost of insuring Portuguese and Greek debt against default rose.
Five-year credit default swaps (CDS) on Greek government debt increased 32 basis points to 2,055 bps, according to data monitor Markit. This means it costs 2.055 million euros to protect 10 million euros of exposure to Greek bonds.
The cost of insuring Portuguese debt against default rose by 14 basis points to 825 basis points.
BULLISH BONDS
Ten-year German Bund yields, albeit higher on the day, still traded below the psychologically significant level of 3.00 percent. At 2.89 percent, benchmark yields were not far off a 2011-low of 2.845 hit in January.
"Below there the highs at 2.80 percent from June and July 2010 come into focus. A closing on a weekly basis below this area would be another bullish chart-technical signal," said Commerzbank in a research note.
Analysts said the bond sell-off would likely be short-lived as concerns over Greece and a gloomy global economic backdrop continued to underpin appetite for safe-haven assets.
Higher U.S. jobless claims on Thursday suggested the country's labour market was still struggling. . Investors will look at U.S. durable goods later in the session for fresh insight into the world's largest economy.
In a further sign of growing worries over the global economy, industrialised nations agreed to release oil from emergency stockpiles for the third time in history. .
The unexpected decision to release 60 million barrels over the next month showed the deepening concern among Western leaders over the damage of high energy costs to a worsening world economy.
As one trader put it: "I am not looking for a massive collapse in Bunds."
Fri Jun 24, 2011 5:05am EDT
* German Bunds fall on austerity consent, prospect of funds
* 10-year yield near 2011-lows, 2.80 level eyed
* Economic backdrop, Greek worries to limit Bund downside
By Ana Nicolaci da Costa
LONDON, June 24 (Reuters) - German debt fell on Friday after Greece won a commitment for more international aid in return for further austerity, but uncertainty over Greece's ability to avoid default should keep bonds underpinned.
After a day of wrangling in Athens, new Finance Minister Evangelos Venizelos clinched a deal with EU and IMF inspectors on extra tax rises and spending cuts to plug a 3.8 billion euro funding gap due to a revenue shortfall. .
But the Greek parliament still has to vote on June 28 on a new package of austerity and reform measures.
The Bund future FGBLc1 fell 37 ticks to 126.82, pushing 10-year yields up 2.4 basis points to 2.89 percent.
"It's a question of trade now, ask questions later," Richard McGuire, rate strategist at Rabobank said.
"I don't think it changes the bigger picture, the same hurdles need to be overcome as was the case yesterday."
While Prime Minister George Papandreou has expressed confidence over the June 28 vote in public, Slovak Prime Minister Iveta Radicova said he had voiced uncertainty in a private telephone call on Wednesday -- meaning parliamentary approval was not a given. .
If the vote went through, and Greece did get more money from international lenders, it remained unclear how the private sector would be involved in a second bailout without prompting rating agencies to downgrade Greek debt to default.
There was also a growing view that any rescue package would only delay what is widely seen as an inevitable Greek default.
Peripheral bonds were broadly mixed but the cost of insuring Portuguese and Greek debt against default rose.
Five-year credit default swaps (CDS) on Greek government debt increased 32 basis points to 2,055 bps, according to data monitor Markit. This means it costs 2.055 million euros to protect 10 million euros of exposure to Greek bonds.
The cost of insuring Portuguese debt against default rose by 14 basis points to 825 basis points.
BULLISH BONDS
Ten-year German Bund yields, albeit higher on the day, still traded below the psychologically significant level of 3.00 percent. At 2.89 percent, benchmark yields were not far off a 2011-low of 2.845 hit in January.
"Below there the highs at 2.80 percent from June and July 2010 come into focus. A closing on a weekly basis below this area would be another bullish chart-technical signal," said Commerzbank in a research note.
Analysts said the bond sell-off would likely be short-lived as concerns over Greece and a gloomy global economic backdrop continued to underpin appetite for safe-haven assets.
Higher U.S. jobless claims on Thursday suggested the country's labour market was still struggling. . Investors will look at U.S. durable goods later in the session for fresh insight into the world's largest economy.
In a further sign of growing worries over the global economy, industrialised nations agreed to release oil from emergency stockpiles for the third time in history. .
The unexpected decision to release 60 million barrels over the next month showed the deepening concern among Western leaders over the damage of high energy costs to a worsening world economy.
As one trader put it: "I am not looking for a massive collapse in Bunds."
- Stato
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