ferdo
Utente Senior
2014 - 2017 - 2019
con 1k / 2k al meglio stamattina in asta pre-apertura, ovviamente poi il mattacchione si è tolto
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (5 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
2014 - 2017 - 2019
con 1k / 2k al meglio stamattina in asta pre-apertura, ovviamente poi il mattacchione si è tolto
Nobody's
Γένοιο οἷος εἷ
Nobody's
Γένοιο οἷος εἷ
Tourism, exports help shrink current account deficit
By Dimitra Manifava
Tourism is once again propping up the Greek economy, as Bank of Greece data indicate that the rebound in arrivals from abroad has translated into an increase in revenues.
In June there was a 21.7 percent rise in revenues from tourism compared with the same month in 2010, as receipts amounted to 1.49 billion euros, versus 1.23 billion last year. In the first half of the year tourism spending in Greece amounted to 3.21 billion euros, posting growth of 12.6 percent over the same period in 2010.
Receipts from exports showed an 11.1 percent rise and this has also helped in the reduction of the country’s deficit in the balance of payments by 14 percent in June: It came to 1.58 billion euros, down 258 million from June 2010. In the first half of the year the deficit in the account balance shrank by 6 percent year-on-year to end at 13.3 billion euros.
A worrying figure in June was the 11 percent decline in transport receipts, traditionally dominated by shipping revenues.
ekathimerini.com , Thursday August 18, 2011 (23:23)
tommy271
Forumer storico
Recession to continue into 2012
Various estimates are indicating that GDP may contract by 5 pct in 2011 and a further 2 pct next year
By Sotiris Nikas
The 2011 budget is running a serious risk of missing its targets, owing to the deeper-than-expected recession that the country is experiencing this year.
The contraction of Greece’s gross domestic product by 6.9 percent in the second quarter, as announced last week, has led analysts and the government to revise their estimates of a 3.8 percent recession at the end of the year that the Finance Ministry and Greece’s creditors had planned for. Many now fear that GDP will shrink by up to 5 percent this year.
That would be the killing blow for this year’s budget, given that the target for the deficit (forecast at 7.6 percent of GDP) will clearly be too distant to meet. Finance Ministry officials say that whether the budget is executed depends on the recession, stressing that the signs are far from encouraging at present.
The only positive point is that the so-called troika of representatives of the country’s international creditors (the European Union, European Central Bank and International Monetary Fund) is not going to ask for new interventions in order for the deficit to go down. That’s because the troika is also responsible for the failed forecast, and in any case there are only a few months left until the end of the year.
The joint responsibility that the troika has may actually prove to be in Greece’s favor, as given the bigger-than-expected recession Athens should find it easier to receive the 8-billion-euro installment next month after the completion of the monitoring that began on Thursday: The troika’s low-level representatives met with Finance Ministry officials and continued their checks of the banking system. They will continue with visits to the ministry and the state’s General Accounting Office on Monday.
The negative developments in the Greek economy are clear to foreign observers, too. Credit Suisse suggested in a report that the shrinking of Greece’s GDP by 5 percent this year “is not out of the question.” It added that due to the lower-than-expected collection of revenues, the general government deficit will rise to 10 percent instead of a targeted 7.6 percent.
Also on Thursday, a Wall Street Journal survey showed that analysts expect the recession to continue next year at a 2 percent rate, against a government estimate for growth of 0.6 percent.
ekathimerini.com , Thursday August 18, 2011 (23:10)
***
Da leggere.
Various estimates are indicating that GDP may contract by 5 pct in 2011 and a further 2 pct next year
The 2011 budget is running a serious risk of missing its targets, owing to the deeper-than-expected recession that the country is experiencing this year.
The contraction of Greece’s gross domestic product by 6.9 percent in the second quarter, as announced last week, has led analysts and the government to revise their estimates of a 3.8 percent recession at the end of the year that the Finance Ministry and Greece’s creditors had planned for. Many now fear that GDP will shrink by up to 5 percent this year.
That would be the killing blow for this year’s budget, given that the target for the deficit (forecast at 7.6 percent of GDP) will clearly be too distant to meet. Finance Ministry officials say that whether the budget is executed depends on the recession, stressing that the signs are far from encouraging at present.
The only positive point is that the so-called troika of representatives of the country’s international creditors (the European Union, European Central Bank and International Monetary Fund) is not going to ask for new interventions in order for the deficit to go down. That’s because the troika is also responsible for the failed forecast, and in any case there are only a few months left until the end of the year.
The joint responsibility that the troika has may actually prove to be in Greece’s favor, as given the bigger-than-expected recession Athens should find it easier to receive the 8-billion-euro installment next month after the completion of the monitoring that began on Thursday: The troika’s low-level representatives met with Finance Ministry officials and continued their checks of the banking system. They will continue with visits to the ministry and the state’s General Accounting Office on Monday.
The negative developments in the Greek economy are clear to foreign observers, too. Credit Suisse suggested in a report that the shrinking of Greece’s GDP by 5 percent this year “is not out of the question.” It added that due to the lower-than-expected collection of revenues, the general government deficit will rise to 10 percent instead of a targeted 7.6 percent.
Also on Thursday, a Wall Street Journal survey showed that analysts expect the recession to continue next year at a 2 percent rate, against a government estimate for growth of 0.6 percent.
ekathimerini.com , Thursday August 18, 2011 (23:10)
***
Da leggere.
PASTELLETTO
Guest
Eeeeppazzzienza (ormai ragiono così).
tommy271
Forumer storico
Soros Sees Greece Likely to Remain in Euro Area, Hvg.hu Says
By Andras Gergely - Aug 18, 2011 6:02 PM GMT+0200
Thu Aug 18 16:02:13 GMT 2011
Greece is more likely to remain in the euro area than exit it, George Soros, the billionaire investor, said in an interview with Hungarian news portal hvg.hu published today.
The meeting of German Chancellor Angela Merkel and French President Nicolas Sarkozy showed that the bigger member states “want to do everything” to keep Greece in the currency area, “so I am seeing a bigger chance of that,” the website quoted Soros as saying.
A failure of euro-area countries to issue joint euro bonds would make the group lose its credibility, which would have “unthinkable” implications for the global economy and financial system, Soros added.
(Bloomberg)
By Andras Gergely - Aug 18, 2011 6:02 PM GMT+0200
Thu Aug 18 16:02:13 GMT 2011
Greece is more likely to remain in the euro area than exit it, George Soros, the billionaire investor, said in an interview with Hungarian news portal hvg.hu published today.
The meeting of German Chancellor Angela Merkel and French President Nicolas Sarkozy showed that the bigger member states “want to do everything” to keep Greece in the currency area, “so I am seeing a bigger chance of that,” the website quoted Soros as saying.
A failure of euro-area countries to issue joint euro bonds would make the group lose its credibility, which would have “unthinkable” implications for the global economy and financial system, Soros added.
(Bloomberg)
PASTELLETTO
Guest
Ha cambiato idea!
Spesso mi domando come cavolo facciano questi a diventare billioners.
Ci sono vaghe sconcertanti possibilità (dal film: "UNA CALIBRO VENTI PER LO SPECIALISTA") che sia solo cul0 (o massoneria).
tommy271
Forumer storico
Vedo che il DAX e il CAC si sono portati sopra il FTSE-MIB.
La situazione rimane estremamente tesa.
Frau Merkel e Sarkozy dovranno gestire meglio e ripensare le proprie strategie.
tommy271
Forumer storico
Gente falsa.
- Stato