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

[tommy271]

ENEL GREEN POWER: OPERATIVO NUOVO PARCO EOLICO DA 5 MW IN GRECIA


(ASCA) - Roma, 30 ago - Enel Green Power ha avviato l'esercizio del nuovo parco eolico di Kouloukonas, a Rethimnon sull'isola di Creta, grazie al quale sale a 186 MW la capacita' totale installata della societa' in Grecia.

L'impianto, costituito da 6 turbine da 0,85 MW per una capacita' totale installata di 5 MW, spiega EGP, sara' in grado di produrre quasi 9,5 milioni di kWh all'anno, riuscendo a soddisfare il fabbisogno energetico di 2.300 famiglie e a risparmiare l'emissione in atmosfera di 10.500 tonnellate di CO2 all'anno.

''La Grecia sta dimostrando nei fatti una grande attenzione rivolta al settore delle rinnovabili'', nota Francesco Starace, Amministratore delegato di Enel Green Power. '' Stiamo proseguendo la nostra crescita e rafforzando la nostra presenza in questo paese. Progetti per ulteriori 40 MW di eolico, idroelettrico e fotovoltaico stanno entrando in fase di realizzazione''.

Enel Green Power e' presente in Grecia con parchi eolici per una capacita' totale di 172 MW, situati in Tracia, Macedonia, Peloponneso, Evia, Creta e in alcune isole del Dodecaneso. La societa' di Enel per le rinnovabili ha realizzato inoltre alcune piccole centrali idroelettriche in Grecia centrale, occidentale e in Tessaglia per una capacita' totale installata di 14 MW.

 

[tommy271]

Troika Officials Begin Talks Over Greek Reforms



ATHENS -- The heads of a visiting troika of international inspectors began their first full day of meetings in Athens Tuesday to assess the country's eligibility for the next tranche of international aid.
The talks are expected to focus on Greece's progress in meeting its fiscal targets amid a deepening recession that threatens to derail the country's deficit goals, as well as possible delays in its privatization plans.
"The troika will conduct a review of all the programs with an emphasis on privatizations and budget execution," a Greek finance ministry official said.
The inspectors--from the International Monetary Fund, the European Commission and the European Central Bank--arrived in Athens late Monday and are scheduled Tuesday to meet Finance Minister Evangelos Venizelos and Bank of Greece governor George Provopoulos.
The visit is expected to conclude by Sept. 5, and comes days after Greece acknowledged that the economy is expected to shrink by between 4.5% and 5.3% in 2011--against an officially forecast 3.9% decline.
That will have an impact on Greece's efforts to collect tax revenues and rein in outlays, as the downturn squeezes businesses while also forcing the government to spend more on welfare programs.
As a result, senior government officials say Greece's 2011 budget deficit could hit 8% to 8.5% of gross domestic product, compared with an official target of 7.6%.
According to the latest data, Greece's state budget deficit in the seven months to July widened 24.6% on the year to EUR15.51 billion, while net budget revenues fell 6.4%, and budget expenditures jumped 7.1%.
In May 2010, Greece narrowly avoided default with the help of a EUR110 billion bailout from its fellow euro-zone members and the IMF in exchange for measures to bring down its deficit. Since then, European leaders have pledged EUR109 billion in fresh financing.
Under the terms of the original loan deal, Greece is due to receive the next EUR8 billion tranche of that loan by mid-September.
However, a sharp sell-off in the Greek stock market in recent weeks has further clouded prospects for the country's privatization drive.
Greece is aiming to raise EUR1.7 billion from privatizations by the end of September, and up to EUR5.5 billion by year end. But with stock market prices falling to 15-year lows and investor sentiment weak, Greece has been loathe to proceed with sales of state-owned listed companies.
Venizelos insists that the short-term targets can be met through the sale of other assets and license fees that can be sold off quickly, but has raised concerns about the sale of listed assets.



-By Stelios Bouras, Dow Jones Newswires;

 

[tommy271]

Barroso: EU Sees Progress On Greek Collateral



BRUSSELS (Dow Jones)--The European Commission said Tuesday that negotiations have made progress this week in finding a resolution to Finland΄s requirement for collateral from Greece, but comments from other leaders signaled that there is no quick fix.

"There was progress at the expert level just yesterday [Monday]," Commission President Jose Manuel Barroso said Tuesday at a press conference, adding that he hopes the final details will find consensus "very soon."

Euro-zone governments are looking into alternative forms of collateral to meet Finland΄s demand in order for the country to contribute to Greece΄s second bailout, after a cash deal reached earlier between Greece and Finland was rejected by key member countries, including Germany and the Netherlands.

However, Austrian Finance Minister Maria Fekter said Tuesday that a solution can΄t be solved at the administrative level that discussions are now taking place. They require political talks, which will take place at the next meeting of euro-zone finance ministers Sept. 16, she said.

Meanwhile, Richard Sulik, head of Slovakian Freedom and Solidarity Party, also known as SaS, told German newspaper Die Welt that Greece should default rather than receive additional financial support.

Sulik is quoted as saying in an interview with the paper he "will do everything" to stop parliament approving the euro zone΄s second rescue package for Greece, along with a proposed increase in the lending capacity of the euro zone΄s chief bailout vehicle.

The four-party Slovak government coalition is dependent on SaS for its majority in parliament.

"Negotiations are still going on," the Finnish finance minister΄s special adviser, Matti Hirvola, told Dow Jones Newswires Tuesday, adding there were no further information to be given.

Barroso urged euro-area governments to act as quickly as possible to implement decisions made at the July 21 leaders summit, which include plans for Greece΄s aid package, as well as expanding the size and powers of the bloc΄s bailout fund, the European Financial Stability Facility.

"The implementation of these decisions are crucial for the European Union as a whole," said Barroso.

He also called for a rapid agreement between the EU member states and the EU Parliament on economic governance legislation that has been under debate for months.

Barroso said the set of six proposals would be a crucial step forward in strengthening the EU΄s surveillance of fiscal policies and macroeconomic balances. "I hope that shortly all parties will be able to find the best solution," he said.

He added that proposals will be forthcoming on a financial transaction tax, saying it could be a "key instrument to ensure the financial sector makes a fairer contribution to public accounts."

 

[giub]

siamo sotto 1600!

 

[tommy271]

siamo sotto 1600!

Forse siamo vicini ad un accordo "tecnico" con la Finlandia.

 

[asterix967]

[Reuters] German opposition criticises "bad banks'" Greek aid
[WDLG.UL NUEG.UL] BERLIN, Aug 30 (Reuters) -
Finance experts from Germany's
opposition Greens and Social Democrats (SPD) said Berlin's plans
to involve the country's state-controlled "bad banks" in
Greece's second bailout package are unjustified and would hit
taxpayers unfairly.
In a guest column for the Reuters German news service
published on Tuesday, the parties said including Hypo Real
Estate [NUEG.UL] and WestLB [WDLG.UL] in a planned bond swap
would place an extra burden on the state that should be
shouldered by the private sector.
"The idea of creditor participation is to reduce Greece's
debt burden -- at the expense of its private creditors, not the
taxpayer," Greens finance expert Gerhard Schick and SPD budget
expert Carsten Schneider wrote.
HRE and WestLB were bailed out by the government during the
financial crisis, with their non-performing and non-strategic
assets -- including holdings of Greek debt -- hived off into
separate entities.
FMS, the bad bank spun off from bailed-out Hypo Real Estate,
holds the larger amount of Greek paper -- 7.4 billion euros --
while EAA, spun off from WestLB, holds 1.1 billion.
Both bad banks, which still function as separate legal
entities despite being underwritten with state guarantees, have
yet to give a final decision on their role in the bond swap.
Without their help, Germany's financial sector may well fall
short of its commitments to the Greek debt exchange programme
and jeopardise the goal of securing a participation rate of 90
percent among private investors. The finance ministry has said
it expects them to make a contribution.
In the German private sector, Commerzbank <CBKG.DE> is the
largest creditor, with some 3 billion euros in Greek paper.
Schick and Schneider argue that FMS belongs to the federal
government and thus taxpayers, and has a mandate designed to
liquidate some 190 billion euros of HRE's holdings and old
businesses.
"A contribution to helping Greece does not figure in their
statutes," the two wrote, adding that as state assets the bad
banks should not be lumped in with private creditor
contributions to Greek debt relief.
On June 30, German Finance Minister Wolfgang Schaeuble and
Deutsche Bank chief Joseph Ackermann agreed a 3.2 billion euro
participation in the Greek package from Germany's financial
sector, including 1.2 billion from the bad banks.[ID:nL6E7HU0ZS]
According to their statutes, the two units can only take
part in a restructuring if it would bring a business benefit,
which the opposition says is clearly not the case.
Greece aims to swap or roll over 135 billion euros of
outstanding bonds under the plan for private sector creditors,
who have agreed to take a 21 percent loss on their bond
holdings.
Germany's next general election is not until 2013, but
latest opinion polls show that if the vote was held next
weekend, a Greens/SPD coalition would easily oust Chancellor
Angela Merkel's CDU/CSU conservatives and their liberal partners
the FDP.

 

[Baro]

Ai prezzi attuali se vuoi continuare a puntare sulla Grecia, dovresti almeno switchare alla 2014 5,5% o alla 2013.
Con un simile loss non ha alcun senso restare legato alla Grecia fino al 2019.
Dovresti puntare a tornare il prima possibile al 100% di nominale se la storia dello swap va a buon fine e il retail si salva.
Se sei in pensiero perchè ti chiedi dopo, tornato a 100%, chi te la darà una cedola del 6%....ti dico...magari un BTP se continua così...
Comunque a parte gli scherzi, per te l'interesse principale dovrebbe essere propiziarti il recupero e se vuoi continuare a giocarti la carta Grecia dovresti almeno avvicinarti di scadenza. Nel peggiore dei casi risulterà una mossa inutile, ma credo che per come stanno le cose, in nessun caso dannosa.

Sui nostri bancari c'è un potenziale enorme upside effettivamente, se la si finisce con questa continua emergenza dell'area euro.
Però io aspetterei di vedere un accenno di manovre serie varate dell'Italia.
Meglio poi sarebbe se con lo psiconano "fora di ball' "...
Rimbalzelli erratici e tecnici a parte mi aspetto una bella seconda gamba di ribassi sul nostro listino come monito per farci fare sul serio, specie appena la BCE prenderà fiato sul mercato secondario dei BTP.

A questo punto vedendo le quotazioni sono moooolto tentato di swicciare la mia 2024 che sul tlx è a 42,2 e andare sulla 2014 5,5% a 51,2% ...si accettano commenti....forse vale la pena fare un loss del 9% e accorciare di 10 anni...

 

[tommy271]

Bank of Greece: Primary Dealers Ranking



The Bank of Greece announced the evaluation of Primary Dealers’ performance in the Greek government bond market during the period January-June 2011.

The ranking of the Primary Dealers on the basis of their activity in the Greek government bond market is as follows:

1. NATIONAL BANK OF GREECE SA
2. PIRAEUS BANK SA
3. EFG EUROBANK ERGASIAS SA
4. HSBC BANK PLC
5. ALPHA BANK SA
6. MORGAN STANLEY & Co. INTERNATIONAL PLC
7. CITIGROUP GLOBAL MARKETS LTD
8. BARCLAYS BANK PLC
9. EMPORIKI BANK
10. ING BANK NV
11. DEUTSCHE BANK AG
12. GOLDMAN SACHS INTERNATIONAL
13. JP MORGAN SECURITIES LTD
14. UBS Ltd
15. NOMURA INTERNATIONAL PLC
16. MERRILL LYNCH INTERNATIONAL
17. CREDIT SUISSE SECURITIES (EUROPE) LTD
18. BNP PARIBAS SA
19. ROYAL BANK OF SCOTLAND PLC
20. SOCIETE GENERALE
21. BANCA IMI S.p.A
22. UNICREDIT BANK AG (MILAN)

(capital.gr)

 

[tommy271]

A questo punto vedendo le quotazioni sono moooolto tentato di swicciare la mia 2024 che sul tlx è a 42,2 e andare sulla 2014 5,5% a 51,2% ...si accettano commenti....forse vale la pena fare un loss del 9% e accorciare di 10 anni...

Ciao Baro, questo non è propriamente uno switch ... si tratta di metterci dentro dei soldi.

 

[tommy271]

National Bank: Net Income Of €29m



National Bank of Greece recorded net profit of €29 million before write-down of bonds in the first half of 2011. According to a statement, the q2 results were burdened by the impairment of Greek government bonds of €1645 million pre-tax. Provisions amounted to €822 million, an increase of 27%, compare with the first half of 2010.

(capital.gr)