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

[IL MARATONETA]

Art. 47.
La Repubblica incoraggia e tutela il risparmio in tutte le sue forme; disciplina, coordina e controlla l'esercizio del credito.
Favorisce l'accesso del risparmio popolare alla proprietà dell'abitazione, alla proprietà diretta coltivatrice e al diretto e indiretto investimento azionario nei grandi complessi produttivi del Paese.

 

[tommy271]

ECB to look at best Greek rating even in default -FT






FRANKFURT, July 5 | Tue Jul 5, 2011 2:43am EDT

FRANKFURT, July 5 (Reuters) - The European Central Bank will accept Greek government bonds as collateral until all rating agencies rate them as having defaulted, the Financial Times said on Tuesday, citing a financial sector source.
The move could keep the door open for a compromise deal on Greece's debt crisis as it is not yet certain that all rating agencies would put Greek debt in a default category after a voluntary rollover of bonds to involve private sector investors in a second bailout of the debt-ridden euro zone member.
Were the ECB to refuse to accept Greek debt, it could trigger a new wave of banking turmoil that could spread through the euro zone as Greek commercial banks would have diminished access to central bank funds on which they rely.
The ECB has suspended ratings requirements for Greek and Irish government bonds, but has said that it would stop accepting Greek bonds as collateral were the country to default on its obligations.
The ECB uses four rating agencies -- Standard & Poor's, Fitch, Moody's and their smaller rival DBRS -- to determine collateral eligibility in its liquidity operations.
"The ECB would rely on the principle of using the best rating available from the agencies," the FT said, quoting an unnamed senior financial sector official.
An ECB spokeswoman offered no comment on the report.
Standard & Poor's cast new uncertainty on Monday over euro zone efforts to rescue Greece by warning it would treat a French bank plan for a rollover of privately-held debt as a default.
French banks, major holders of Greek sovereign debt, proposed voluntarily renewing some of the bonds when they mature but on different terms.
However, Fitch Ratings has hinted it may not be so severe and may avoid downgrading Greek debt to default after the transaction period, leaving the ECB a chance to go on accepting the bonds.
Fitch has said that under a voluntary scheme, it may temporarily downgrade Greece's 'Issuer Default Rating' to 'restricted default' but keep the government bonds at 'CCC', although that was before the details of the French plan became public.



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Importante, da leggere.

 

[IL MARATONETA]

ECB to look at best Greek rating even in default -FT






FRANKFURT, July 5 | Tue Jul 5, 2011 2:43am EDT

FRANKFURT, July 5 (Reuters) - The European Central Bank will accept Greek government bonds as collateral until all rating agencies rate them as having defaulted, the Financial Times said on Tuesday, citing a financial sector source.
The move could keep the door open for a compromise deal on Greece's debt crisis as it is not yet certain that all rating agencies would put Greek debt in a default category after a voluntary rollover of bonds to involve private sector investors in a second bailout of the debt-ridden euro zone member.
Were the ECB to refuse to accept Greek debt, it could trigger a new wave of banking turmoil that could spread through the euro zone as Greek commercial banks would have diminished access to central bank funds on which they rely.
The ECB has suspended ratings requirements for Greek and Irish government bonds, but has said that it would stop accepting Greek bonds as collateral were the country to default on its obligations.
The ECB uses four rating agencies -- Standard & Poor's, Fitch, Moody's and their smaller rival DBRS -- to determine collateral eligibility in its liquidity operations.
"The ECB would rely on the principle of using the best rating available from the agencies," the FT said, quoting an unnamed senior financial sector official.
An ECB spokeswoman offered no comment on the report.
Standard & Poor's cast new uncertainty on Monday over euro zone efforts to rescue Greece by warning it would treat a French bank plan for a rollover of privately-held debt as a default.
French banks, major holders of Greek sovereign debt, proposed voluntarily renewing some of the bonds when they mature but on different terms.
However, Fitch Ratings has hinted it may not be so severe and may avoid downgrading Greek debt to default after the transaction period, leaving the ECB a chance to go on accepting the bonds.
Fitch has said that under a voluntary scheme, it may temporarily downgrade Greece's 'Issuer Default Rating' to 'restricted default' but keep the government bonds at 'CCC', although that was before the details of the French plan became public.



***
Importante, da leggere.

questo rimetterebbe in gioco la proposta francese e sopratutto eviterebbe l'accanimento di una qualche agenzia di rating verso grecia & c.

 

[Nobody's]

ECB to look at best Greek rating even in default -FT






FRANKFURT, July 5 | Tue Jul 5, 2011 2:43am EDT

FRANKFURT, July 5 (Reuters) - The European Central Bank will accept Greek government bonds as collateral until all rating agencies rate them as having defaulted, the Financial Times said on Tuesday, citing a financial sector source.
The move could keep the door open for a compromise deal on Greece's debt crisis as it is not yet certain that all rating agencies would put Greek debt in a default category after a voluntary rollover of bonds to involve private sector investors in a second bailout of the debt-ridden euro zone member.
Were the ECB to refuse to accept Greek debt, it could trigger a new wave of banking turmoil that could spread through the euro zone as Greek commercial banks would have diminished access to central bank funds on which they rely.
The ECB has suspended ratings requirements for Greek and Irish government bonds, but has said that it would stop accepting Greek bonds as collateral were the country to default on its obligations.
The ECB uses four rating agencies -- Standard & Poor's, Fitch, Moody's and their smaller rival DBRS -- to determine collateral eligibility in its liquidity operations.
"The ECB would rely on the principle of using the best rating available from the agencies," the FT said, quoting an unnamed senior financial sector official.
An ECB spokeswoman offered no comment on the report.
Standard & Poor's cast new uncertainty on Monday over euro zone efforts to rescue Greece by warning it would treat a French bank plan for a rollover of privately-held debt as a default.
French banks, major holders of Greek sovereign debt, proposed voluntarily renewing some of the bonds when they mature but on different terms.
However, Fitch Ratings has hinted it may not be so severe and may avoid downgrading Greek debt to default after the transaction period, leaving the ECB a chance to go on accepting the bonds.
Fitch has said that under a voluntary scheme, it may temporarily downgrade Greece's 'Issuer Default Rating' to 'restricted default' but keep the government bonds at 'CCC', although that was before the details of the French plan became public.



***
Importante, da leggere.

Buongiorno Tommy.

Dici che si stiano muovendo in questa direzione?

Io l' avevo pensata....ma.....visto l' ortodossia della BCE l' avevo accantonata.

Devono riscrivere qualche regolamento temo.

Se iniziassero a comprare sul secondario, e ci mettessero del suo, ci sarebbe molta più presa......ma non vogliono rischiare

Il piano Francese non era male.....

Comunque la BCE deve fare di più anche lei adesso.

 

[Nobody's]

questo rimetterebbe in gioco la proposta francese e sopratutto eviterebbe l'accanimento di una qualche agenzia di rating verso grecia & c.

Momentaneamente forse si.....

Il problema...... è l' obbiettivo delle stesse.

Tutti guardano all' € e vogliono €.

........e il dogma salta.

Per qualcuno il problema esiste.

 

[tommy271]

Buongiorno Tommy.

Dici che si stiano muovendo in questa direzione?

Io l' avevo pensata....ma.....visto l' ortodossia della BCE l' avevo accantonata.

Devono riscrivere qualche regolamento temo.

Se iniziassero a comprare sul secondario, e ci mettessero del suo, ci sarebbe molta più presa......ma non vogliono rischiare

Il piano Francese non era male.....

Comunque la BCE deve fare di più anche lei adesso.

Speriamo.

 

[Nobody's]

Cina, debito locale sottostimato per 540 mld dlr - Moody's

Ora buttano giù pure i cinesi

.....se comprano debito americano....si sistema tutto

 

[tommy271]

Cina, debito locale sottostimato per 540 mld dlr - Moody's

Ora buttano giù pure i cinesi

.....se comprano debito americano....si sistema tutto

Le statistiche cinesi sono poco affidabili.
Vi ricordate i piani quinquennali sovietici?
Erano sempre centrati...

 

[tommy271]

Bond euro, Bund in rialzo, persistono timori su rollover greco

martedì 5 luglio 2011 09:05




LONDRA, 5 luglio (Reuters) - I futures sul Bund si muovono
in rialzo, con le incertezze relative ai piani di un rollover
del debito greco che controbilanciano gli effetti delle attese
di un rialzo dei tassi giovedì.

Ieri di Standard & Poor's ha detto che il piano francese di
rollover comporterebbe un 'default selettivo'.

Sul mercato domina anche l'attesa della riunione di politica
monetaria di giovedì prossimo, con stime per una stretta
monetaria di 25 punti base all'1,50%.

"Con l'avvicinarsi della riunione Bce e dei dati sul mercato
del lavoro Usa, credo che il più probabile esito di oggi sia
quello di un movimento piatto, nonostante una sottostante
tendenza ribassista" ha detto lo strategist di Credit Agricole
Luca Jellinek.

 

[tommy271]

Greece’s Only Option Now is to Leave the Euro, Share’s Jacomb Writes in FT

By Alan Purkiss - Jul 5, 2011 8:21 AM GMT+0200 Tue Jul 05 06:21:04 GMT 2011

The motives for the European Union’s “rescue” of Greece are to preserve the euro and to prevent another banking crisis, but the policy won’t work, said Martin Jacomb, the chairman of Share Plc, a former chairman of Prudential Plc and a former director of the Bank of England.
Writing in the Financial Times, Jacomb said the EU’s future depends on enabling its poorest members to become competitive again, and that requires a quite different approach.
Greece can’t earn its way out of the mess it’s in, Jacomb said, because its adoption of the euro made it uncompetitive, and that will be the case as long as the euro remains its currency. Regaining competitiveness always involves a temporary reduction in labor costs and living standards, and the only way that can be accomplished with relative harmony is through currency devaluation, he argued.
Therefore, dismantling the euro is the least painful course of action for Greece and for the EU, Jacomb concluded.



(Bloomberg)


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Chi soffia contro l'Euro ...