Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (4 lettori)

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tommy271

Forumer storico
Bond euro in rialzo, mercato concentrato su aste Btp e CCTeu

giovedì 28 luglio 2011 08:55



LONDRA, 28 luglio (Reuters) - Futures Bund di nuovo in
rialzo dopo un breve inizio di seduta in terreno negativo.
L'umore rimane nettamente contrario al rischio, a causa dei
crescenti dubbi del mercato riguardo la capacità delle recenti
misure adottate nella zona euro di arginare la crisi
finanziaria.

Su questo sfondo arrivano stamattinata i collocamenti
italiani a medio-lungo termine, con ben quattro titoli in asta,
tra cui il nuobo Btp triennale e la riapertura del dieci anni,
per un importo fino a 8,5 milairdi di euro. Se gli operatori
prevedono una domanda comunque solida, l'attenzione è
soprattutto sui rendimenti, che potrebbero salire a nuovi
massimi dall'introduzione dell'euro, oltre 11 anni fa.

"Sono sicuro che una volta in asta le cose andranno bene"
afferma un trader. "Potrebbe esserci un piccolo rally per i bond
italiani dopo il collocamento, ma non so quanto potrà durare".

D'altra è del tutto aperta la questione del debito Usa:
resta ancora da trovare entro il 2 agosto l'accordo
sull'innalzamento del tetto di legge, senza il quale il paese
rischia il default tecnico.

Ieri sera Standard & Poor's ha avvertito che, anche nel caso
di un accordo politico tra Casa Bianca e maggioranza
Repubblicana alla Camera, la tripla-A Usa resta comunque a
rischio, in mancanza di un piano di ampia riduzione del deficit.

"Saranno la situazione del debito negli Usa e il tono nella
periferia ad indirizzare il mercato. I Bund e i Gilt britannici
saranno i maggiori benficiari" aggiunge il trader.

Ieri sera S&P ha tagliato ulteriormente il rating sovrano
della Grecia a CC da CCC, spiegando che la recente proposta
europea di ristrutturazione del debito corrisponde a un 'default
selettivo'.

Il downgrade, ampiamente atteso, dovrebbe tuttavia avere un
impatto limitato sul mercato.
 

tommy271

Forumer storico
Emerging market reps warn IMF over Greek plan: report






LONDON | Thu Jul 28, 2011 2:53am EDT

LONDON (Reuters) - Representatives of leading emerging market countries at the International Monetary Fund have warned the Fund's management against pouring more large sums of money into Greece's second bailout, the Financial Times reported on Thursday.
Citing conversations with representatives of "non-European economies", the paper said several governments were "unwilling to risk financial contagion by curtailing IMF lending to Greece, but alarmed at the risks the fund was taking".
It said Brazil's IMF director Paulo Nogueira Batista, a member of the 24-strong Executive Board which steers the Fund's day-to-day operations, believed the Greek government's austerity plan was too tough and that the restructuring of Greek debt held by European banks was too small.
"Greece is not having an easy time," the paper quoted him as saying. "The mostly European private creditors of Greece have had an easy time."
It also quoted another director, India's Arvind Virmani, as saying the deal agreed by euro zone leaders last week dealt with short-term cash flows but left Greece with a large and precarious sovereign debt stock, threatening further defaults.
"I am not convinced <the plan> addresses the basic problem of liquidity versus solvency," the FT quoted him as saying.
The second Greek bailout envisages 109 billion euros in additional official funding from Europe and the IMF, but euro zone leaders have not said how much they expect the IMF to contribute, and the Fund has not commented. In past euro zone bailouts, the IMF has contributed one-third of the total sum.
 

giub

New Membro
fineco come al solito ridicola...
La cedola della 2025 deve ancora arrivare...quando su altre banche già c'era due giorni fa....
 

tommy271

Forumer storico
EFSF's Regling: euro zone no transfer union - paper






FRANKFURT, July 28 | Thu Jul 28, 2011 3:14am EDT

FRANKFURT, July 28 (Reuters) - The euro zone's latest Greek rescue package has not pushed the bloc closer to becoming a fiscal union, the head of its current bailout fund was quoted as saying, rejecting criticism by some German officials.
"The euro zone is in no sense a 'debt union'," European Financial Stability Facility (EFSF) chief Klaus Regling said in an interview with German mass-circulation newspaper Bild.
Euro zone leaders agreed on a 109 billion euro package for debt-stricken Greece last week and gave the EFSF the power to buy government bonds from private bondholders and provide lifelines to troubled euro zone banks and governments.
After the agreement, the head of Germany's Bundesbank, Jens Weidmann, criticised the euro zone, saying it had taken "a big step toward collectivisation of risks", with countries that have maintained solid finances having to take risks on behalf of others.
Regling said the latest bailout package was not about transferring debt, but about providing credit under clear conditions.
"No country accepts euro aid lightly. Because in return, the people of that country have to save rigorously for years and the government has to hand over some of its authority to the EU and the International Monetary Fund," he said.
Regling added that so far no taxpayers' money had been lost.
"And also in future, the EFSF will not act without the consent of the European Central Bank and the national governments -- Germany has a veto at all times," he was quoted as saying.
With the new bailout package, Greece will be able to reduce its debt ratio by "a good quarter" by 2020, Regling said.
Greece's debt is now at about 150 percent of gross domestic product, after soaring to 143 percent last year from 127 percent in 2009.



***
Rassicurazioni agli "elettori" tedeschi.
 

tommy271

Forumer storico
Schaeuble: Greece Will Need A Decade To Regain Competitiveness

By Market News International || July 28, 2011 at 07:13 GMT


BERLIN (MNI) – Greece will need years to regain its
competitiveness, German Finance Minister Schaeuble said in a newspaper
interview published Thursday.
“The Greeks will likely need a decade to become competitive again,”
Schaeuble told the German regional daily Passauer Neueste Nachrichten.
Commenting on the U.S. debt row, the finance minister said, “I
remain confident that a sustainable solution will be found — even
though maybe only at the last minute.” Still, the core problem of
excessive public debt in the U.s. will not be solved by this, he
cautioned.
 
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