Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (12 lettori)

[tommy271]

Many of Greece’s Creditors Will Have Losses, Meaning Default, Moody’s Says

By Wes Goodman - Jul 25, 2011 8:43 AM GMT+0200 Mon Jul 25 06:43:02 GMT 2011

Greece’s creditors will suffer losses as the nation struggles to pay its debts, Moody’s Investors Service said in a weekly report.
“It is now virtually certain that many of Greece’s private-sector creditors will experience credit losses that we define as a default,” Alastair Wilson and Bart Oosterveld, both managing directors, wrote in the report that Moody’s sent by e- mail today.
Greece’s long-term foreign currency debt was cut three steps to Ca from Caa1 earlier today by the rating company.
The bailout plan will contain the risk that the region’s debt crisis will spread, the report said.



(Bloomberg)

 

[tommy271]

Papoulias prods PM over fighting tax evasion



Leaders play down eurozone deal as some lenders appear reluctant to participate

President Karolos Papoulias, presiding on Sunday over an event marking the return of democracy to Greece in 1974 following a seven-year military dictatorship, urged the government to do something that many Greek have been demanding for some months: Ensure that everyone is paying their fair share in the effort to overcome the debt crisis.
Speaking in the wake of the securing of a 159-billion-euro support package for Greece at the eurozone summit on Thursday, Papoulias, as he did on Friday when he met Prime Minister George Papandreou, attempted to dispel any thoughts of celebrations and urged the country’s politicians to focus on the task ahead.
“The time has come for all those who have been concealing their incomes to pay,” said Papoulias in reference to the sizable problem of tax evasion, which the government has so far found difficult to combat.
Earlier this month, the Finance Ministry revealed that some 900,000 people owe 41.1 billion euros. However, the vast amount of this money is owed by a very small number of people: 5 percent of tax dodgers owe 85 percent of the outstanding amount. Finance Minister Evangelos Venizelos said that the government would hire help from the private sector to tackle tax evasion among the 6,500 individuals and 8,200 businesses or organizations that owe 37 billion euros. Each of these owes more than 150,000 euros.
In a low-key ceremony on Sunday, Papandreou also tried to avoid issuing a statement that would make him appear to be reveling in the positive mood after the agreement in Brussels last week.
“We have a long way to go but history shows that when we stand united, overcoming differences and disagreements, and when we focus on a common target, no obstacle is too big to overcome and no sacrifice goes to waste,” he said.
The obstacles that lie ahead for Greece were emphasized by a report yesterday that indicated some private sector bondholders have not yet committed to participating in a part of the package for Greece that will provide 37 billion euros in funds to Athens over the next three years.
The Financial Times reported yesterday that the UK’s Royal Bank of Scotland, Germany’s DZ Bank and LBBW and Austria’s Erste Bank, which between them hold about 3 billion euros of Greek sovereign debt, are among the lenders that have not yet committed to take part in a scheme to swap or roll over their Greek debt for bonds that mature in 30 years.






ekathimerini.com , Sunday Jul 24, 2011 (23:28)

 

[Yunus80]

leggi qui sotto


A Par Bond Exchange into a new 30 year instrument with the principal collateralized by 30
year zero-coupon AAA rated bonds.
The zero coupon bonds are purchased using EFSF funds.
Greece pays the funding costs to the EFSF. The principal is repaid to the investor using the
proceeds of the maturity of the zero-coupon bonds.

Quindi, come pensavo questo ZC la Grecia se lo paga, e subito... non le verrà scontato proprio nulla

 

[tommy271]

Bund piatti, più sostenuti di Treasuries su timori debito Usa

lunedì 25 luglio 2011 08:48






LONDRA, 25 luglio (Reuters) - Apertura piatta per i titoli
di stato tedeschi, che fanno meglio dei Treasuries americani.

"I Bund dovrebbero fare meglio dei Treasuries, il tempo
stringe e sta per scadere" dice un trader, riferendosi alla
deadline del 2 agosto quando gli Usa, se non verrà innalzato il
tetto del debito, potrebbero andare incontro a un default
tecnico.

Repubblicani e democratici non sono stati in grado di
raggiungere un accordo sul limite del debito nel week-end,
facendo passare in secondo piano la crisi debitoria della zona
euro.

Sebbene gli analisti si aspettino ancora un accordo
dell'ultimo minuto sull'innalzamento del tetto del debito,
sembra improbabile che democratici e repubblicani riescano a
trovare un compromesso prima delle elezioni del 2012 su come
trovare circa 4 mila miliardi di dollari attraverso tagli e
aumento delle tasse.

Per quanto riguarda i rendimenti dei titoli di Spagna e
Italia, schizzati al rialzo nelle ultime settimane per i timori
di un rischio contagio, gli analisti si aspettano che restino a
livelli alti, sulla scorta di dubbi persistenti sull'efficacia
dei provvedimenti presi per evitare il rischio contagio.

Oggi Moody's ha declassato il debito della Grecia di 3
notches a Ca e ribadito che il paese deve affrontare sfide
importanti sulla sua solvibilità nel medio termine.

"Questa settimana c'è un'asta italiana e non sembra scontato
che la periferia sia uscita fuori dal guado" dice un trader.

 

[PASTELLETTO]

Bund piatti, più sostenuti di Treasuries su timori debito Usa

lunedì 25 luglio 2011 08:48






LONDRA, 25 luglio (Reuters) - Apertura piatta per i titoli
di stato tedeschi, che fanno meglio dei Treasuries americani.

"I Bund dovrebbero fare meglio dei Treasuries, il tempo
stringe e sta per scadere" dice un trader, riferendosi alla
deadline del 2 agosto quando gli Usa, se non verrà innalzato il
tetto del debito, potrebbero andare incontro a un default
tecnico.

Repubblicani e democratici non sono stati in grado di
raggiungere un accordo sul limite del debito nel week-end,
facendo passare in secondo piano la crisi debitoria della zona
euro.

Sebbene gli analisti si aspettino ancora un accordo
dell'ultimo minuto sull'innalzamento del tetto del debito,
sembra improbabile che democratici e repubblicani riescano a
trovare un compromesso prima delle elezioni del 2012 su come
trovare circa 4 mila miliardi di dollari attraverso tagli e
aumento delle tasse.

Per quanto riguarda i rendimenti dei titoli di Spagna e
Italia, schizzati al rialzo nelle ultime settimane per i timori
di un rischio contagio, gli analisti si aspettano che restino a
livelli alti, sulla scorta di dubbi persistenti sull'efficacia
dei provvedimenti presi per evitare il rischio contagio.

Oggi Moody's ha declassato il debito della Grecia di 3
notches a Ca e ribadito che il paese deve affrontare sfide
importanti sulla sua solvibilità nel medio termine.

"Questa settimana c'è un'asta italiana e non sembra scontato
che la periferia sia uscita fuori dal guado" dice un trader.

Apertura col botto, cvd.

 

[Topgun1976]

Astonishing!
Cmq già che non gli hanno dato direttamente F è già qualcosa.
Nel frattempo faccio un assegno a Mr Obama.

Adesso ha finito Pure Moody's dai manca solo Sp...speriamo si muova presto..poi hanno chiuso sulla grecia

Stà cominciando a diventare difficile prendere scadenze sotto il 19 inferiori a 60,per ora cè solo la 18

 

[tommy271]

China sees investment opportunities despite Greek crisis



Outgoing ambassador suggests privatizations, bonds and Piraeus port still of interest to Beijing

China’s outgoing ambassador to Greece, Luo Linquan, told Sunday’s Kathimerini that his country is confident Athens will overcome its debt crisis and that Beijing has already forged plans to buy Greek bonds and to invest in new projects.
Luo, who is due to leave Athens at the end of the month, revealed that China has not been phased by the debt crisis. “We believe that the so-called difficulty that Greece is facing today is temporary,” he said. “I am glad that an increasing amount of Chinese companies are expressing an interest in working with our Greek friends.”
Questioned about whether Beijing planned to invest in Greek government bonds, the ambassador said, “The process of buying Greek bonds has been set in motion.”
In an interview with China’s official Xinhua News Agency, Luo indicated that Chinese firms could be interested in Greek privatizations. “Greece needs structural reforms and privatization reforms,” he said. “Some transport, new energy, power, water and other basic facilities will gradually be opened by tender by foreign companies. These are projects that Chinese companies are quite good at.”
Speaking to Kathimerini, Luo cited the operation of a container terminal at Piraeus by Cosco as a good example of the fruitful cooperation between Greece and China. “Not only has the Chinese side started to see profits, but the prosperity and interests of Greek workers are being safeguarded,” he said. “The Greek and Chinese sides are making an effort to create the biggest transport and distribution station [for goods] from Asia to Europe, the Mediterranean and the Black Sea.”
Luo added that Beijing is hoping to have more frequent direct flights between China and Greece in the next few months, which should boost visitor numbers from China.






ekathimerini.com , Sunday Jul 24, 2011 (23:25)

 

[PASTELLETTO]

China sees investment opportunities despite Greek crisis



Outgoing ambassador suggests privatizations, bonds and Piraeus port still of interest to Beijing

China’s outgoing ambassador to Greece, Luo Linquan, told Sunday’s Kathimerini that his country is confident Athens will overcome its debt crisis and that Beijing has already forged plans to buy Greek bonds and to invest in new projects.
Luo, who is due to leave Athens at the end of the month, revealed that China has not been phased by the debt crisis. “We believe that the so-called difficulty that Greece is facing today is temporary,” he said. “I am glad that an increasing amount of Chinese companies are expressing an interest in working with our Greek friends.”
Questioned about whether Beijing planned to invest in Greek government bonds, the ambassador said, “The process of buying Greek bonds has been set in motion.”
In an interview with China’s official Xinhua News Agency, Luo indicated that Chinese firms could be interested in Greek privatizations. “Greece needs structural reforms and privatization reforms,” he said. “Some transport, new energy, power, water and other basic facilities will gradually be opened by tender by foreign companies. These are projects that Chinese companies are quite good at.”
Speaking to Kathimerini, Luo cited the operation of a container terminal at Piraeus by Cosco as a good example of the fruitful cooperation between Greece and China. “Not only has the Chinese side started to see profits, but the prosperity and interests of Greek workers are being safeguarded,” he said. “The Greek and Chinese sides are making an effort to create the biggest transport and distribution station [for goods] from Asia to Europe, the Mediterranean and the Black Sea.”
Luo added that Beijing is hoping to have more frequent direct flights between China and Greece in the next few months, which should boost visitor numbers from China.






ekathimerini.com , Sunday Jul 24, 2011 (23:25)

Alla fine questi si comprano tutto e poi i treni si scontreranno con le metropolitane.

 

[tommy271]

German Government Bonds Advance After Moody’s Lowers Greek Credit Rating

By Lucy Meakin and Paul Dobson - Jul 25, 2011 8:55 AM GMT+0200 Mon Jul 25 06:55:55 GMT 2011

German bonds rose for a second day on concern that the aid package for Greece announced last week won’t be enough to stop the spread of the region’s debt crisis after Moody’s Investors Service cut Greece’s credit rating.
Italian bonds opened lower. The Greek sovereign rating was downgraded three steps by Moody’s, which said the new measures imply “substantial economic losses” for private creditors. Germany is scheduled to sell 3 billion euros ($4.3 billion) of 12-month bills, while Belgium plans to issue 3.5 percent debt due 2017 as well as 4.25 percent bonds maturing 2021 and 2041. France will sell 8 billion euros of 91-, 182- and 336-day bills.
Ten-year bund yields fell two basis points to 2.81 percent as of 7:49 a.m. in London. The 3.25 percent security maturing in July 2021 gained 0.15 or 1.5 euros per 1,000-euro face amount to 103.74. Yields on two-year notes also fell two basis points, to 1.37 percent.
Italian two-year yields climbed seven basis points to 3.72 percent, while 10-year yields were two basis points higher at 5.43 percent.
German debt fell last week on waning demand for the safest assets, pushing 10-year yields to the highest since July 8.
German government bonds handed investors 1.3 percent this year, compared with 3.5 percent for U.S. Treasuries, according to indexes compiled by Bloomberg and the European Federation of Financial Analysts Societies. Greek bonds have lost 9.4 percent, while Portugal’s have declined 23 percent, the indexes show.



(Bloomberg)

 

[tommy271]

Quindi, come pensavo questo ZC la Grecia se lo paga, e subito... non le verrà scontato proprio nulla

Comunque dobbiamo metterci d'accordo ... le agenzie di rating dicono che gli investitori privati ci perderanno nel concambio.
Tanto meglio ... più perdita = meno debito.
I "critici" affermano che la Grecia non ci guadagnerà granchè ...
Io resto convinto che il piano permetterà alla Grecia di tirare il fiato e renderà molto più sostenibile il debito (non rimborserà e verrà rollato).