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

[Nobody's]

tensione elevata sui btp

Si comincia a belare

 

[tommy271]

Grecia, banche e ministri vicini ad accordo su rollover - fonti

venerdì 24 giugno 2011 12:57



LONDRA/FRANCOFORTE, 24 giugno (Reuters) - I ministri finanziari dell'Ue e le banche europee sono vicini a una proposta di rollover delle posizioni dei creditori privati sul debito sovrano greco che eviti la dichiarazione di default da parte delle agenzie di rating.
Lo hanno riferito a Reuters due fonti, secondo cui la proposta prevede un 'rollover' volontario dei governativi greci detenuti in nuovi titoli di composizione creditizia diversa e non confrontabile.
Banche, assicurazioni e autorità finanziarie europee hanno tenuto una serie di incontri questa settimana per elaborare una soluzione alla crisi finanziaria greca.
Altre due fonti aggiungono che il ministero delle Finanze tedesco ha chiesto ai creditori privati tedeschi di sotttoporre entro l'inizio della prossima settimana i dati sulla loro esposizione verso la Grecia e sulle loro intenzioni di rollover.

 

[tommy271]

German MoF:Talks On Private Involvement For Greek Aid Ongoing




BERLIN -(Dow Jones)- Various talks with the private sector on an involvement in a new Greek aid package are ongoing, a German finance ministry spokesman said Friday, but couldn't disclose dates, places or details of those meetings.
"By July 3, we will have a figure" on the volume of possible private sector participation, finance minister spokesman Martin Kotthaus said at a regular government press conference.
"We're certain the private sector will assume its responsibility," Kotthaus said. Given the situation of Greek finances and the stability of the euro, it is in the interest of the private sector to participate in efforts to stabilize Greece, he added.
Germany doesn't only look at an involvement of German financial institutions, Kotthaus said, pointing to positive signals by banks in other countries regarding the issue.
An approval by Greece's parliament of further austerity measures is an important prerequisite for more aid, and national unity in Greece over a fresh package is of utmost importance, Kotthaus said.
"The new program will extend to the period beyond the next elections in Greece," Kotthaus said.
The spokesman cited Portugal as a positive example. The Portuguese opposition before recent elections agreed to austerity measures attached to the country's bailout package, which it adheres to now after being elected.

 

[tommy271]

Un altro parlamentare del Pasok, T. Robopoulos, avrebbe annunciato il suo voto contrario al pacchetto di "Medio Termine".
Avrebbe anche detto che si sarebbe dimesso.
Nel primo caso la maggioranza scenderebbe a 153 voti, nel secondo caso sarebbe sostituito da un altro più legato alla linea ufficiale del partito.

 

[tommy271]

WRAPUP 1-Athens struggles to win backing for austerity plan






Fri Jun 24, 2011 6:57am EDT

* Athens government faces opposition ahead of crucial vote
* Rebel ruling party deputy opposes austerity measures
* Protests continue against "unfair" cuts, tax hikes
* Banks pressed to take part in voluntary rollover

By George Georgiopoulos and Harry Papachristou



ATHENS, June 24 (Reuters) - Greece's government faces an electorate vehemently opposed to austerity measures which must be passed in parliament next week to avert default, but progress is being made in persuading banks to take part in a second bailout.
An opinion poll on Friday put Greece's conservative opposition -- which is refusing to support the plan -- 2.1 points ahead of Prime Minister George Papandreou's PASOK party and showed three quarters of Greeks were opposed to the raft of tax hikes and spending cuts that will hit them hard.
European Union leaders meeting in Brussels promised more money to help Greece stave off looming bankruptcy, provided its parliament enacts the debt-cutting plan, finalised in fraught last-minute talks with international lenders.
"We have agreed that there will be a new programme for Greece on which the Greek parliament will have to vote next week," German Chancellor Angela Merkel told reporters at an EU summit in Brussels.
If parliament does not pass the measures, the EU and International Monetary Fund have said they will not release a vital 12 billion euro funding tranche and Athens will run out of cash within days.
Papandreou, who won a confidence vote this week with 155 votes in the 300-strong parliament, has ditched his former finance minister and appointed party rival Evangelos Venizelos to sell the five-year plan to his party and a sceptical public.
Venizelos, a bull-necked party baron, said on Thursday the new draft laws, the mid-term plan and a separate implementation law will be approved by parliament by June 30.
But in a sign of the uncertainty around the vote, one deputy from the ruling PASOK party said he will vote against the mix of higher taxes, spending cuts and state selloffs.
"Shops are shutting down every day and we are taking anti-growth measures," said party maverick Thomas Robopoulos, a car dealer from Greece's second city, Thessaloniki, and one of the few businessmen in parliament.
"I will take the floor in parliament and try to convince them to do something. Let's form a national unity government. Papandreou can't make it on his own," he told Reuters.
The main opposition New Democracy party has said it will vote against the mid-term plan though its leader Antonis Samaras has said the party would support some measures. It agrees with the government on privatisations.
A German finance ministry spokesman said the euro zone expected not just the government to carry the measures but that broad consensus was needed.





GETTING BANKS ON BOARD
Greece accepted a package of 110 billion euros of EU/IMF loans in May 2010 but now needs a second bailout of a similar size to meet its financial obligations until the end of 2014, when it hopes to return to capital markets for funding.
The euro zone wants Greece's private bondholders to roll over as much as 30 billion euros of sovereign debt as part of a new package of emergency support for Athens.
There is a growing list of banks prepared, in principle, to take part in a voluntary rollover scheme although no details of how this scheme would work have been finalised yet.
The Spanish government has asked banks and insurance companies to roll over Greek sovereign debt during the next five years, a source close to the matter told Reuters on Friday.
That follows indications that Greek, Italian and Belgian financial institutions were willing to roll over Greek bonds when they reach maturity along the lines of the 2009 Vienna Initiative, where banks agreed to maintain their exposure to central and eastern Europe in the aftermath of the financial crisis.
Sources told Reuters on Wednesday that financial authorities in Germany, France and the Netherlands had also started discussions with banks and insurers.
Any scheme must be voluntary, otherwise it risks being classified by credit ratings agencies as a default, or at least a "credit event", which could have widespread repercussions for European and global markets -- something EU policymakers say they are determined to avoid.
Rating agency Fitch has said even a voluntary rollover will be classified as a default as far as it is concerned.
At the EU summit in Brussels, Papandreou promised to push through radical economic reform after Venizelos clinched agreement with EU and IMF inspectors on extra tax rises and spending cuts to plug a 3.8 billion euro funding gap.
But Greeks continued their now daily protests against the measures which many feel unfairly punish ordinary people.
"These measures are unfair and undemocratic," said 63 year-old artisan Filippos Vlatis. "They should put these bailout terms to a referendum. This country needs new people in government, in parliament, in the civil service."
Employees at Greece's dominant electricity producer PPC (DEHr.AT), which is slated for privatisation next year, were on rolling 48-hour strikes for a fifth day on Friday. The union opposes plans to sell a 17 percent stake in the firm and said the labour action will lead to power cuts.
The government has agreed with the so-called EU/IMF/ECB "troika" a five year austerity plan worth 28.4 billion euros.
On Thursday, Venizelos announced additional measures including extra spending cuts, lowering the minimum income tax threshold and imposing a special "solidarity levy".
"Many thought the change of guard at the finance ministry would have helped the weak income groups and those who consistently pay their taxes in the final version of the medium-term austerity package," said Ethnos, a centre-left daily that is normally supportive of the government.
"Unfortunately, these hopes were dashed."
Economists say even a second bailout plan for Greece may buy its government only a few months' respite and most expect Athens will have to default or write down its debt eventually.
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.

 

[Nobody's]

 

[tommy271]

Greek Socialist Lawmaker Wavers Over Austerity Package



ATHENS -(Dow Jones)- Socialist deputy Thomas Robopoulos said Friday he was not prepared to vote for the Greek government's planned austerity package, although he has not made a final decision, an official in his office said.
Speaking on private television channel Alter, Robopoulos said: "The way the mid-term program is now, I cannot vote for it. But I will make a final decision on Monday when it comes for debate in parliament," the official confirmed.
Greece has promised its international creditors--the European Union and the International Monetary Fund--that it will pass in parliament a promised EUR28 billion austerity package by the end of next week.
The Socialist government controls 155 seats in Greece's 300 member parliament, but faces a party revolt over the measures. One Socialist deputy has already said he would vote against the package, reducing the government's effective majority to 154.

 

[sethi]

dovessi dirla tutta ma tutta fino in fondo sono molto + preoccupato per la situazione in generale se l'italia dovesse beccarsi una serie di downgrade ravvicinati.....ma la preoccupazione naturalmente oltre che per i miei investimenti è anche per l'euro in generale.........come abbiamo detto tutti quanti la situazione è nata malgestita è invecchiata gestita ancor peggio e ora si vedono i risultati, se sta benedetta germania avesse subito imbastito la situazione in modo e maniera che senza l'aiuto dei privati non si poteva fare nulla ....ma sin dall'inizio e prima di partire in quarta tutti quanti si fossero messi d'accordo forse forse la situazione non degenerava fino a questo punto......ed infine senza nulla togliere alla Grecia ma sin dall'inizio dovevano essere chiari il vostro governo ha dichiarato il falso bene se volete rimanere in europa dovete sapere che sarete costretti a sforzi indicibili.
A parer mio era sufficente molta chiarezza .....cmq resta sempre il solito problema qui o sisalva la grecia o si affonda chi più chi meno tutti quanti ....non vedo alternative a ciò.......

 

[tommy271]

GRECIA: GHIZZONI, DA BANCHE SE INTERPELLATE RISPOSTA POSITIVA


(ASCA) - Roma, 24 giu - Le banche, come le altre imprese ad esempio le compagnie assicurative, se saranno interpellate daranno una risopsta positiva sul piano di salvataggio della Grecia. Lo ha detto l'amministratore delegato di Unicredit, Federico Ghizzoni, a margine della presentazione di un'iniziativa rivolta ai giovani della Provincia di Roma.

''E' una situazione molto complessa - ha detto Ghizzoni -, e va risolta. Non possiamo rimanere in questa situazione, il tempo stringe''.

''Le banche e i privati in genere, come ad esempio le compagnie di assicurazione - ha concluso Ghizzoni - se interpellate penso che siano pronte a dare una risposta concreta e positiva per risolvere il problema''.

 

[amorgos34]

o sisalva la grecia o si affonda chi più chi meno tutti quanti ....non vedo alternative a ciò.......

Permettimi: tu pensi che seguendo questo ragionamento sia facile per Papa convincere il suo popolo a mangiarsi da solo la pillola ?


Altri partiti in Grecia stanno già dicendo: "ci salveranno in ogni caso perchè se saltiamo noi salta tutto"( come hai appena detto)