ferdo
Utente Senior
mah ...
un anno fa correre a "spegnere il fuoco in casa del vicino" era più fattibile: ora che ognuno ha il proprio fuocherello, ...
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (10 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
mah ...
un anno fa correre a "spegnere il fuoco in casa del vicino" era più fattibile: ora che ognuno ha il proprio fuocherello, ...
tommy271
Forumer storico
Grecia, con privati in bailout più costi per contribuenti-Bini
lunedì 18 luglio 2011 19:31
ROMA, 18 luglio (Reuters) - Coinvolgere i creditori privati nel salvataggio della Grecia potrebbe inaspettatamente creare costi più elevati per governi e contribuenti, secondo Lorenzo Bini Smaghi, membro dell'esecutivo della Bce.
"Sembra una buona idea in teoria - spiega Bini Smaghi in un'intervista a Foreign Affairs - ma perché i contribuenti del resto dell'Ue dovrebbero salvare le irresponsabili banche greche?".
"Inoltre nel bel mezzo di questa crisi costringere il settore privato a farsi carico delle perdite potrebbe fino con il costare di più ai contribuenti".
Bini Smaghi fa notare come gran parte del debito della Grecia sia detenuto all'interno del Paese da poche banche private. "Non potrebbero farsi carico di svalutazioni sul debito e collassare. alla fine, la Ue dovrà salvare sia le banche sia l'economia greca, un compito molto più costoso".
***
Opinioni talmente semplici ed elementari che fanno fatica ad entrare nella testa di alcuni leader europei.
lunedì 18 luglio 2011 19:31
ROMA, 18 luglio (Reuters) - Coinvolgere i creditori privati nel salvataggio della Grecia potrebbe inaspettatamente creare costi più elevati per governi e contribuenti, secondo Lorenzo Bini Smaghi, membro dell'esecutivo della Bce.
"Sembra una buona idea in teoria - spiega Bini Smaghi in un'intervista a Foreign Affairs - ma perché i contribuenti del resto dell'Ue dovrebbero salvare le irresponsabili banche greche?".
"Inoltre nel bel mezzo di questa crisi costringere il settore privato a farsi carico delle perdite potrebbe fino con il costare di più ai contribuenti".
Bini Smaghi fa notare come gran parte del debito della Grecia sia detenuto all'interno del Paese da poche banche private. "Non potrebbero farsi carico di svalutazioni sul debito e collassare. alla fine, la Ue dovrà salvare sia le banche sia l'economia greca, un compito molto più costoso".
***
Opinioni talmente semplici ed elementari che fanno fatica ad entrare nella testa di alcuni leader europei.
tommy271
Forumer storico
ECB's Nowotny-must study selective default options
FRANKFURT, July 19 | Tue Jul 19, 2011 1:21am EDT
FRANKFURT, July 19 (Reuters) - Some options for dealing with Greece's debt would trigger a short-lived 'selective default' without major negative consequences and must be studied carefully, European Central Bank policymaker Ewald Nowotny said.
"There is ... a full range of options and definitions -- from a clear-cut default to selective default, to a credit event and so on," Nowotny, head of Austria's national central bank, told CNBC in an interview broadcast on Tuesday.
"This indeed has to be studied in a very serious way. There are some proposals that deal with a very short-lived selective default situation that would not really have major negative consequences," he added.
FRANKFURT, July 19 | Tue Jul 19, 2011 1:21am EDT
FRANKFURT, July 19 (Reuters) - Some options for dealing with Greece's debt would trigger a short-lived 'selective default' without major negative consequences and must be studied carefully, European Central Bank policymaker Ewald Nowotny said.
"There is ... a full range of options and definitions -- from a clear-cut default to selective default, to a credit event and so on," Nowotny, head of Austria's national central bank, told CNBC in an interview broadcast on Tuesday.
"This indeed has to be studied in a very serious way. There are some proposals that deal with a very short-lived selective default situation that would not really have major negative consequences," he added.
tommy271
Forumer storico
Oggi in pieno marasma si terrà la consueta asta dei trimestrali ellenici. Se seguiranno il calendario precedente sarà l'ultima prima di settembre. Seguiremo i risultati che saranno noti tra le ore 11 e le 12.
Sempre tante le proposte per uscire da una situazione che ormai ha contagiato Spagna e Italia, l'ultima qulla di una tassa sulle banche dell'eurozona per creare un fondo di solidarietà in soccorso della Grecia.
Ieri la pressione è proseguita, a farne le spese in maniera evidente è la parte bassa della classifica con il Belgio prepotentemente in bilico.
Anche la Francia inizia a segnare punti in allargamento, lunedì ha chiuso a 70 pb. sul Bund.
I nostri greci, alle soglie di decisioni importantissime, hanno ritoccato il max storico.
Vediamo se oggi sarà un'altra giornata ad alta tensione.
Grecia 1565 pb. (1493)
Irlanda 1190 pb. (1157)
Portogallo 1021 pb. (1022)
Spagna 371 pb. (342)
Italia 337 pb. (312)
Belgio 172 pb. (160)
Sempre tante le proposte per uscire da una situazione che ormai ha contagiato Spagna e Italia, l'ultima qulla di una tassa sulle banche dell'eurozona per creare un fondo di solidarietà in soccorso della Grecia.
Ieri la pressione è proseguita, a farne le spese in maniera evidente è la parte bassa della classifica con il Belgio prepotentemente in bilico.
Anche la Francia inizia a segnare punti in allargamento, lunedì ha chiuso a 70 pb. sul Bund.
I nostri greci, alle soglie di decisioni importantissime, hanno ritoccato il max storico.
Vediamo se oggi sarà un'altra giornata ad alta tensione.
Grecia 1565 pb. (1493)
Irlanda 1190 pb. (1157)
Portogallo 1021 pb. (1022)
Spagna 371 pb. (342)
Italia 337 pb. (312)
Belgio 172 pb. (160)
tommy271
Forumer storico
Italy Turbulence Threatens Global Recovery, Summers Says in FTD
By Niklas Magnusson - Jul 19, 2011 7:47 AM GMT+0200 Tue Jul 19 05:47:00 GMT 2011
Europe’s debt crisis has entered a “new, more dangerous dimension” because of the turbulence in Italian markets, former U.S. Treasury Secretary Larry Summers wrote in an editorial in the Financial Times Deutschland.
The crisis threatens European integration and the recovery of the world economy and Greece, Ireland and Italy need debt relief because creditors can only cope with limited losses, Summers added.
(Bloomberg)
By Niklas Magnusson - Jul 19, 2011 7:47 AM GMT+0200 Tue Jul 19 05:47:00 GMT 2011
Europe’s debt crisis has entered a “new, more dangerous dimension” because of the turbulence in Italian markets, former U.S. Treasury Secretary Larry Summers wrote in an editorial in the Financial Times Deutschland.
The crisis threatens European integration and the recovery of the world economy and Greece, Ireland and Italy need debt relief because creditors can only cope with limited losses, Summers added.
(Bloomberg)
tommy271
Forumer storico
PM set for new consensus bid ahead of summit
Papandreou or Venizelos to speak to opposition leaders as all options remain open for Thursday meeting
Prime Minister George Papandreou might make another attempt to find some common ground with opposition leaders ahead of a eurozone summit in Brussels on Thursday, which Greek government sources referred to as the most important such meeting in the last 20 years.
It is likely that the prime minister or Finance Minister Evangelos Venizelos will speak to opposition leaders, probably over the phone, before the summit.
Speaking on Monday, government spokesman Ilias Mossialos criticized New Democracy leader Antonis Samaras, saying he was motivated by “petty party political gains,” but invited him to “realize how crucial the circumstances are.”
The chances of any agreement between PASOK and ND appear extremely slim at the moment. The two parties have been involved in a furious exchange over the past few days after Health Minister Andreas Loverdos admitted that the Socialists had been irresponsible when they were in opposition. ND accused Loverdos of admitting that PASOK had told lies.
The minister commented again on the issue on Monday. Speaking to Skai TV, he said, “I will continue to speak out because I have a completely different view about what the role of opposition parties should be.” Loverdos denied that he harbored ambitions to lead PASOK.
Another factor that makes consensus virtually impossible is that it is unclear what the eurozone leaders will agree on, if anything. Greece is hoping to clinch a deal for a second bailout, which is likely to include the involvement of the private sector. Several forms of participation are being discussed, including a bond swap and a haircut. Another idea that was made public yesterday was the possibility of a bank levy being used to raise money for Greece.
An unnamed European Union official told Reuters that any agreement on a bond swap this week would probably be quite small but would pave the way for a more comprehensive restructuring in a few months’ time.
ekathimerini.com , Monday Jul 18, 2011 (23:20)
***
Sempre molto acceso lo scontro politico interno in Grecia.
Papandreou or Venizelos to speak to opposition leaders as all options remain open for Thursday meeting
It is likely that the prime minister or Finance Minister Evangelos Venizelos will speak to opposition leaders, probably over the phone, before the summit.
Speaking on Monday, government spokesman Ilias Mossialos criticized New Democracy leader Antonis Samaras, saying he was motivated by “petty party political gains,” but invited him to “realize how crucial the circumstances are.”
The chances of any agreement between PASOK and ND appear extremely slim at the moment. The two parties have been involved in a furious exchange over the past few days after Health Minister Andreas Loverdos admitted that the Socialists had been irresponsible when they were in opposition. ND accused Loverdos of admitting that PASOK had told lies.
The minister commented again on the issue on Monday. Speaking to Skai TV, he said, “I will continue to speak out because I have a completely different view about what the role of opposition parties should be.” Loverdos denied that he harbored ambitions to lead PASOK.
Another factor that makes consensus virtually impossible is that it is unclear what the eurozone leaders will agree on, if anything. Greece is hoping to clinch a deal for a second bailout, which is likely to include the involvement of the private sector. Several forms of participation are being discussed, including a bond swap and a haircut. Another idea that was made public yesterday was the possibility of a bank levy being used to raise money for Greece.
An unnamed European Union official told Reuters that any agreement on a bond swap this week would probably be quite small but would pave the way for a more comprehensive restructuring in a few months’ time.
ekathimerini.com , Monday Jul 18, 2011 (23:20)
***
Sempre molto acceso lo scontro politico interno in Grecia.
tommy271
Forumer storico
Clinton sees opportunities in Greece
US foreign policy chief cites US interest in fuel reserves, investment, pushes concensus
In a wide-ranging interview with Skai TV, aired on Monday night, visiting US Secretary of State Hillary Clinton referred to US interest in oil and gas reserves in the eastern Mediterranean and in possible investments in the tourism and renewable energy sectors, saw opportunities for Greece in the broader region, and stressed the importance of Greece’s Socialist government seeking consensus with its political rivals.
The former first lady told Skai that efforts to locate energy deposits in the eastern Mediterranean were still in the early stages but were of interest to the US. She also highlighted the potential of Greece as a “regional hub” for the transport of oil and natural gas.
Asked about possible investments by US firms, Clinton said she believed that there are “great opportunities” and highlighted the tourism sector and the relatively untapped renewable energy market.
As reforms aimed at improving the climate for would-be foreign investors are implemented, Greece will become increasingly “attractive” to investors, she said.
Clinton also commented on thorny diplomacy issues including a longstanding dispute over the name of the Former Yugoslav Republic of Macedonia, saying that the Balkan state should not join the European Union before the row is settled.
Questioned about domestic politics in Greece and attempts by the government to secure cross-party consensus on austerity, Clinton said such efforts were crucial. She acknowledged the difficulties of getting rivals to sit down and talk but said, “It is always the best approach.”
Before leaving Greece for India, Clinton met the leader of the main conservative opposition New Democracy party, Antonis Samaras.
The opposition leader expressed his party’s opposition to the involvement of private sector bondholders in a new rescue package for Greece.
ekathimerini.com , Monday Jul 18, 2011 (23:10)
***
Sull'ultimo paragrafo è la prima volta che mi trovo d'accordo con Samaras ...
US foreign policy chief cites US interest in fuel reserves, investment, pushes concensus
The former first lady told Skai that efforts to locate energy deposits in the eastern Mediterranean were still in the early stages but were of interest to the US. She also highlighted the potential of Greece as a “regional hub” for the transport of oil and natural gas.
Asked about possible investments by US firms, Clinton said she believed that there are “great opportunities” and highlighted the tourism sector and the relatively untapped renewable energy market.
As reforms aimed at improving the climate for would-be foreign investors are implemented, Greece will become increasingly “attractive” to investors, she said.
Clinton also commented on thorny diplomacy issues including a longstanding dispute over the name of the Former Yugoslav Republic of Macedonia, saying that the Balkan state should not join the European Union before the row is settled.
Questioned about domestic politics in Greece and attempts by the government to secure cross-party consensus on austerity, Clinton said such efforts were crucial. She acknowledged the difficulties of getting rivals to sit down and talk but said, “It is always the best approach.”
Before leaving Greece for India, Clinton met the leader of the main conservative opposition New Democracy party, Antonis Samaras.
The opposition leader expressed his party’s opposition to the involvement of private sector bondholders in a new rescue package for Greece.
ekathimerini.com , Monday Jul 18, 2011 (23:10)
***
Sull'ultimo paragrafo è la prima volta che mi trovo d'accordo con Samaras ...
tommy271
Forumer storico
Borse Europa viste rimbalzare dopo serie di sedute negative
martedì 19 luglio 2011 07:42
PARIGI, 19 luglio (Reuters) - I bookmaker finanziari si attendono che gli indici di riferimento delle borse europee partano al rialzo, arrestando la serie di dieci sedute consecutive negative che ha portato la gran parte degli indici di borsa in territorio di ipervenduto.
Tuttavia, i guadagni, che dovrebbero essere trainati in parte dalla forza dell'euro, sono visti vulnerabili a seguito dei timori legati al possibile default della Grecia.
Gli spreadbetter finanziari si aspettano che l'indice Ftse-100 britannico .FTSE apra in rialzo di circa lo 0,3%, che il Dax tedesco .GDAXI salga dello 0,4% e che il Cac-40 .FCHI avanzi dello 0,3%.
Ieri a Wall Street il Dow Jones .DJI ha chiuso la seduta in calo dello 0,76% a 12.385 punti. Ibm (IBM.N: Quotazione) - che ha comunicato i dati a mercati Usa chiusi - ha chiuso il secondo trimestre con un utile per azione di 3 dollari e un fatturato di 26,7 miliardi di dollari in linea con le attese degli analisti che stimavano un utile di 3,03 dollari e ricavi per 25,35 miliardi.
martedì 19 luglio 2011 07:42
PARIGI, 19 luglio (Reuters) - I bookmaker finanziari si attendono che gli indici di riferimento delle borse europee partano al rialzo, arrestando la serie di dieci sedute consecutive negative che ha portato la gran parte degli indici di borsa in territorio di ipervenduto.
Tuttavia, i guadagni, che dovrebbero essere trainati in parte dalla forza dell'euro, sono visti vulnerabili a seguito dei timori legati al possibile default della Grecia.
Gli spreadbetter finanziari si aspettano che l'indice Ftse-100 britannico .FTSE apra in rialzo di circa lo 0,3%, che il Dax tedesco .GDAXI salga dello 0,4% e che il Cac-40 .FCHI avanzi dello 0,3%.
Ieri a Wall Street il Dow Jones .DJI ha chiuso la seduta in calo dello 0,76% a 12.385 punti. Ibm (IBM.N: Quotazione) - che ha comunicato i dati a mercati Usa chiusi - ha chiuso il secondo trimestre con un utile per azione di 3 dollari e un fatturato di 26,7 miliardi di dollari in linea con le attese degli analisti che stimavano un utile di 3,03 dollari e ricavi per 25,35 miliardi.
tommy271
Forumer storico
ECB, Berlin at odds over Greek bailout formula
Disagreement on private sector’s share
By Costas Karkayiannis
BRUSSELS - The European Central Bank and Berlin have reached a standoff over the contribution of the private sector to a second Greek bailout package ahead of a eurozone summit on Thursday where the burning issue is to be discussed.
ECB chief Jean-Claude Trichet warned eurozone governments that the onus of funding the Greek banking sector will fall on them if they decide to opt for Greek debt solutions that lead to a selective default.
“If a country defaults, we can no longer accept as normal eligible collateral defaulted bonds issued by the government of that country,” the French banker told Financial Times Deutschland. “The responsibility lies with the governments and they have been warned.”
ECB executive board member Lorenzo Bini Smaghi added that the private sector’s participation would cost taxpayers more, as the Greek debt is held by a few private banks that would crumble if forced to suffer the cost of a debt write-off.
German Chancellor Angela Merkel meanwhile continues to insist private sector involvement must be part of a new deal for saving Greece. “The more significant the voluntary contribution of the private sector, the more unlikely new measures will be required,” she told German state television. She added that the eurozone meeting will need to issue a clear message of stability about Greece.
However, she appears to have a different strategy to the German Finance Ministry, which openly supports a Greek debt restructuring. The chancellor said she is neither in favor of a restructuring nor efforts in that direction, as it would signal to other countries that fiscal measures are not necessary.
French Budget Minister Valerie Pecresse said on Monday that the private sector’s participation “is natural and fair, as everyone has to contribute.” She added that “the point now is to reach our target without impacting eurozone stability, meaning that it should not lose its attraction for investors.”
As preparations for the summit are finalized, the two main proposals on the table are a buyback of Greek bonds at their current value, which the ECB supports, and swapping old bonds for new ones, guaranteed by the European Financial Stability Facility.
Meanwhile, German newspaper Die Welt proposed a eurozone bank levy to help Greece.
ekathimerini.com , Monday Jul 18, 2011 (22:46)
***
Un riassunto della situazione ...
Disagreement on private sector’s share
BRUSSELS - The European Central Bank and Berlin have reached a standoff over the contribution of the private sector to a second Greek bailout package ahead of a eurozone summit on Thursday where the burning issue is to be discussed.
ECB chief Jean-Claude Trichet warned eurozone governments that the onus of funding the Greek banking sector will fall on them if they decide to opt for Greek debt solutions that lead to a selective default.
“If a country defaults, we can no longer accept as normal eligible collateral defaulted bonds issued by the government of that country,” the French banker told Financial Times Deutschland. “The responsibility lies with the governments and they have been warned.”
ECB executive board member Lorenzo Bini Smaghi added that the private sector’s participation would cost taxpayers more, as the Greek debt is held by a few private banks that would crumble if forced to suffer the cost of a debt write-off.
German Chancellor Angela Merkel meanwhile continues to insist private sector involvement must be part of a new deal for saving Greece. “The more significant the voluntary contribution of the private sector, the more unlikely new measures will be required,” she told German state television. She added that the eurozone meeting will need to issue a clear message of stability about Greece.
However, she appears to have a different strategy to the German Finance Ministry, which openly supports a Greek debt restructuring. The chancellor said she is neither in favor of a restructuring nor efforts in that direction, as it would signal to other countries that fiscal measures are not necessary.
French Budget Minister Valerie Pecresse said on Monday that the private sector’s participation “is natural and fair, as everyone has to contribute.” She added that “the point now is to reach our target without impacting eurozone stability, meaning that it should not lose its attraction for investors.”
As preparations for the summit are finalized, the two main proposals on the table are a buyback of Greek bonds at their current value, which the ECB supports, and swapping old bonds for new ones, guaranteed by the European Financial Stability Facility.
Meanwhile, German newspaper Die Welt proposed a eurozone bank levy to help Greece.
ekathimerini.com , Monday Jul 18, 2011 (22:46)
***
Un riassunto della situazione ...
- Stato