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

[tommy271]

Grecia/ Barroso-Van Rompuy plaudono austerità: Verso nuovi aiuti

d
Bruxelles, 30 giu. (TMNews) - Non si è fatto attendere il concreto apprezzamento delle istituzioni europee all'approvazione da parte della Grecia delle misure di austerità di bilancio supplementari che le si chiedeva.
"Ora ci sono le condizioni per decidere il versamento della prossima tranche di aiuti alla Grecia, e per compiere progressi rapido sul secondo piano di sostegni".
Lo affermano il presidente del Consiglio europeo, Herman van Rompuy e il presidente della Commissione Ue Jose Manuel Barroso con una nota congiunta.
Oggi il Parlamento greco ha definitivamente varato un piano di risanamento supplementare che prevede economie di bilancio per oltre 28 miliardi di euro da qui al 2015.
Ue e Fmi lo pretendevano sia per sbloccare il versamento di una tranche da 12 miliardi di euro sugli aiuti già previsti per il paese, sia e ancor più per approntare un nuovo programma di sostegni che estenda gli aiuti a tutto il 2014. (fonte Afp)

 

[tommy271]

Greece still has tough battles ahead - PM






ATHENS, June 30 | Thu Jun 30, 2011 11:29am EDT

ATHENS, June 30 (Reuters) - Greece has gone through a major hurdle by adopting austerity laws on Wednesday and Thursday but it still faces tough challenges, Prime Minister George Papandreou told a cabinet meeting.
"The two parliamentary votes, yesterday and today, were a crucial step in our country's difficult path," Papandreou said. "We have still many difficult and crucial battles ahead of us."

 

[tommy271]

Contagion biggest threat to insurers in Greek crisis






LONDON, June 29 | Thu Jun 30, 2011 11:38am EDT

LONDON, June 29 (Reuters) - Greece's debt crisis has stirred fears of a wider euro zone sovereign credit meltdown that would be damaging for insurers, although the sector should be able to easily withstand any losses on its Greek debt, analysts said.
Most European insurers' holdings of Greek government bonds are small relative to their overall portfolios, enabling them to absorb any losses in the event of a default or restructuring, according to ratings agencies and equity analysts.
But Greece's escalating crisis has reawakened fears that other heavily indebted but far larger euro zone members such as Spain or Italy could be forced into default, potentially inflicting bigger losses on holders of their bonds.
"Insurers' exposure to Greece is relatively limited, with only a couple of exceptions," said James Shuck, an analyst at stockbroker Jefferies International in London.
"The issue is one of contagion."
Fears of an imminent Greek default eased on Wednesday after the country's parliament backed a package of tough austerity measures, putting it on course to secure fresh international bailout cash and continue servicing its debts.
The Stoxx 600 European insurance share index rose 2 percent in the wake of the Greek vote, but is still down 5.8 percent in the last two months, weighed in part by concerns the Greek crisis could spread, analysts say.
Any spread of default worries to major euro zone nations would likely be accompanied by a slump in stock markets and a sharp rise in credit spreads, potentially sapping economic growth and piling further pressure on the insurance industry.
"If you look at the amount of paper outstanding issued by other peripheral countries, we're talking about much larger numbers," said Federico Faccio, a senior director in the insurance group at ratings agency Fitch.
"So any further dislocation to the price of these holdings, and also equity prices, would certainly be a much bigger area of concern."
Italy's Generali is the insurer with the greatest exposure to Greek sovereign bonds, with holdings of 3 billion euros, followed by Groupama of France with 2 billion euros, Barclays Capital said last week.
Other insurers with significant exposure are Axa, Allianz and Ageas, with holdings of 1.9 billion euros, 1.3 billion euros and 1.1 billion euros respectively.
Insurers with the biggest holdings of bonds issued by the four most critically-indebted euro zone nations - Greece, Ireland, Portugal, Spain and Italy - tend to be those with the biggest operations in those countries, analysts say.
This is because insurers mainly hold a country's debt to fund local currency payments to policyholders there, although some also hold sovereign debt purely for investment purposes.
The European Central Bank in December said insurers' exposure to risky euro zone government bonds was "manageable" overall, with euro area sovereign debt overall accounting for 17 percent of the industry's financial assets.

 

[PASTELLETTO]

Dentro con 210K comprate stamane, +1,08%...Vedremo.
grazie per la telecronaca!
Meglio della ADNKRANIOS

 

[tommy271]

Enabling law clears Parliament hurdle



(ANA-MPA) -- An implementation or enabling law linked with the Medium-Term Fiscal Strategy Programme was ratified, in principle, on Thursday in Parliament, with 155 deputies voting in favour to 136 against. Out of the 296 MPs present for the vote, five voted "present".

The process concluded mostly along strict party lines, with main opposition New Democracy (ND) deputies voting against the law, in principle, for in favour of 21 out of 49 separate articles. The vote followed yesterday's vote in favour of the mid-term programme.

"Allow me to be complete clearly. We agree, in principle, to three chapters of the draft bill, out of the total six, namely, we agree to the ones on privatisations, the transparency law and in reducing spending," ND rapporteur Costis Hatzidakis said.

He echoed earlier statements by ND leader Antonis Samaras, who said from Parliament's podium that "if you (government) do not substantially change the direction of your policies, we will vote against any Memorandum II, regardless of whether you table it with 180, 250 or even with 300 votes necessary (to ratify the draft bill)..."

(ana.gr)

 

[tommy271]

Greek bond market closing report


The yield spread between the 10-year Greek and German benchmark bonds continued easing, although at a slow pace, in the domestic electronic secondary bond market on Thursday, with the spread falling to 13.14 pct form 13.28 pct on Wednesday. The Greek bond yielded 16.17 pct and the German Bund 3.03 pct.

Turnover in the market was a thin 3.0 million euros, all sell orders, while the 10-year benchmark bond was the most heavily traded security with a turnover of 1.0 million euros.

In interbank markets, interest rates moved slightly up, with the 12-month rate at 2.16 pct, the six-month rate at 1.78 pct, the three-month at 1.54 pct and the one-month rate was unchanged at 1.32 pct.

(ana.gr)

***
Sul mercato ellenico volumi bassissimi.

 

[general gain]

Potete confermarmi che a fine luglio il ggbei 2025 2,9 darà il 2,9% di cedola?

 

[sdrushi]

Potete confermarmi che a fine luglio il ggbei 2025 2,9 darà il 2,9% di cedola?

No, darà il 2,9% moltiplicato per il coeff. di indicizzazione (circa 1,19) = 3,45% (circa)

 

[general gain]

No, darà il 2,9% moltiplicato per il coeff. di indicizzazione (circa 1,19) = 3,45% (circa)

Grazie.
E alla scadenza quanto rimborsa?
Quando l'ho acquistata oltre alla quotazione ho pagato una specie di sovraprezzo penso commisurato all'inflazione già maturata...

 

[general gain]

Trovata qui la risposta...
GR0338001531 - Borsa Italiana

In effetti sembra avere una doppia indicizzazione (sulla cedola e sul rimborso a scadenza-se la Grecia non va in default, of course)

Eppure il mercato sembra snobbarla...