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

[tommy271]

German Govt: Haven't Given Up Plan Of Substantl PSI In Greece



BERLIN (MNI) - The German government on Friday reaffirmed that it still insists on a substantial private sector involvement (PSI) in the planned new fiscal aid package for Greece.
"It is our firm belief that [the new aid Greek aid package] will include a participation of private creditors," government spokesman Steffen Seibert said at a regular press conference.
Finance ministry spokesman Martin Kotthaus also said at the press conference that Germany had not given up its demand of a substantial private sector involvement, thereby denying a newspaper report from Thursday.
German business daily Handelsblatt reported yesterday that the German government had given up on its goal of having the private sector contribute some E30 billion to the new fiscal aid package for Greece.
Commenting on the chances for an extraordinary summit of EU leaders on Greece, Seibert said such a summit would only make sense once Eurozone finance ministers have agreed on the next aid package for Greece.
Regarding Italy's recently adopted budget consolidation package, Kotthaus said the finance ministry believes that financial markets will like the plan.
On the U.S. quarrels about raising the country's debt limit, Seibert said the German government is confident that a compromise will be reached, "and we hope soon."

 

[tommy271]

EU:Will Reduce Co-Financing Requirement For EU Money For Greece




BRUSSELS -(Dow Jones)- The European Commission will reduce the amount of money that Greece has to pay to receive European Union funds earmarked for the country, a commission spokesman said Friday.
Greece, which is facing years of government spending cuts as a result of accepting the EU-International Monetary Fund bailout program, needs all the money it can get.
The country currently must pay 21% of the cost of a project, with the rest of the money coming from the EU budget. The commission will reduce this requirement to 15% once it receives a request from the Greek government, Ton Van Lierop said.
"We now need to take action, and that will be done," he said.
Only EUR4.9 billion of EUR20.2 billion earmarked for Greece through 2013 has been spent. That is slightly below the average for spending EU funds.



***
Aiutini dalla UE.

 

[tommy271]

No outflows from Greek banks in Bulgaria - FinMin






SOFIA, July 15 | Fri Jul 15, 2011 7:21am EDT

SOFIA, July 15 (Reuters) - Greek bank units in Bulgaria are stable and no profit outflow has been reported, Finance Minister Simeon Djankov said on Friday, seeking to ease worries their parents may pull funds.
Greek banks account for 28 percent of assets in Bulgaria's banking system and about a sixth in both Romania and Serbia.
"The institutions are well-capitalised, with good liquidity, they are profitable for 2010 and the first half of 2011 and are obviously able to react to changes in the environment," Djankov said in parliament.
"From the reports of these banks, it can be seen there is no export of profits since 2008 ... and there is strengthening of their capital position in Bulgaria."
The biggest Greek lenders in the region are National Bank of Greece (NBGr.AT), EFG Eurobank (EFGr.AT), Piraeus Bank (BOPr.AT), Alpha Bank (ACBr.AT) and Emporiki Bank (CBGr.AT).
Analysts say governments and central banks in southeast Europe have the resources to cover the gap if Greek parent banks start reducing their credit lines.
"In the Bulgarian banking system there are additional capital buffers equalling approximately four percent of gross domestic product," Djankov said.

 

[tommy271]

ASE Posts Mild Profits Ahead Of Stress Test Results



Greek Stocks move mildly upwards on Friday to end a tough week of losses. Greek banks are again in the centre of attention ahead of the results of the European stress tests.

In the wake of the warning of rating agencies to downgrade U.S. credit ratings and pending developments about the debt crisis, investors now they turn their attention to the result of bank stress tests, which are expected at 19:00 local time.

Market analysts expect Greek banks to pass, although ATEBank is considered doubtful, according to Dow Jones Newswires, while Greek FinMin reiterated that Greek banking sector won’t face any problem.

Liveliness is observed in the banking sector, as Alpha Bank has received an approval for capital increase of €1b within the next twelve months and a bond loan issue, with the share price of the bank to rise. Moreover, Eurobank announced its intention to sell a majority stake of a Turkish subsidiary, while Piraeus Bank announced that Standard Chartered is interest in acquiring Piraeus Bank Egypt.

Dimitris Tzanas, investment advisor at Proton Bank, told Capital.gr that he does not expect any negative surprises from the stress results. “If confirmed, we may see a slight relief to the market”, he added.

Dimitris Tzanas stressed that the major issue is to what extent would the European s decide the details of the new package to Greece. “The challenge is to define the terms of the package and the profile of the new “transmutated” Europe” he said, adding that after the threat of the market to Italy, decisions should be substantial and comprehensive.

Germany and France must understand that the whole disagreement leads nowhere and must change their stand, said the advisor.

On the board, the General Index is at 1,196.90 units with profits of 0.73%, moving into a narrow margin. The turnover stands at €23m, while a total amount of 59 shares rise, 45 decline and 122 remain unchanged.

Banks move upwards by 0.97% at 818.10 units. Eurobank and Marfin Popular Bank gain 2.55% and 2.13 respective.

(Capital.gr)

 

[velico]

dai ormai si va verso un sd speriamo in un haircut benevolo 30-40%

se l'haircurt è obbligatorio non si tratta di sd ma sola d

 

[ferdo]

Dopo l’aumento dei costi di finanziamento e l’approvazione di misure di stretta fiscale nell’ambito della manovra finanziaria 2011, Citi ritiene che la crescita del Pil 2011 dell’Italia possa essere più debole di quanto precedentemente ipotizzato.

parla dell'Italia
... solo per dire che quanto si entra nella spirale è difficile uscire
tasse ergo mancata crescita ...

 

[frmaoro]

se l'haircurt è obbligatorio non si tratta di sd ma sola d

tu chiamalo come vuoi ma la sostanza è un taglio dell 30-40%

 

[fabios61]

rendimenti a breve termine

Sapete quali sono i rendimenti dei titoli a brevissimo termine ( 3 mesi, 6 mesi) dello stato greco? portoghese e irlandese? Grazie a tutti

 

[tommy271]

Alla riunione di oggi a Roma, dell'IIF, è presente il direttore della PDMA.
L'atteggiamento dell'Europa rispetto al problema greco è cambiato sensibilmente con il dilagare della crisi sull'Italia.
Non risulta, tutt'ora, nessuna decisione presa e accettata da tutti.
Secondo fonti la riduzione del debito può essere fatta in forma di scambio di obbligazioni esistenti con altre nuove (swap) o in forma di riacquisto delle stesse obbligazioni (buy-back)

​

In tutti i casi, i creditori privati ​​dovranno probabilmente accettare una riduzione del valore nominale dei titoli.
In secondo luogo, ci saranno misure per ricapitalizzare le banche europee, in particolare quelle greche per essere in grado di far fronte alla perdita di valore dei GGB che hanno nel loro portafoglio.
Ci saranno anche misure per garantire il finanziamento delle banche che non hanno accesso ai mercati.
In terzo luogo, un piano a lungo termine per rilanciare l'economia greca, che si concentrerà sul recupero piuttosto che ridurre il deficit.
Infine i prestiti verranno concessi a tassi più bassi e con maggiore durata.
Rimane ferma l'opposizione della BCE a qualunque ipotesi di SD.

 

[frmaoro]

nostra manovra fa ridere
buffoni