Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (4 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
tommy271
Forumer storico
Un breve attimo di respiro per i periferici più esposti, mentre invece il fondo della classifica fa fatica a muoversi penalizzato dalle aste di settembre.
La nostra Grecia, in attesa dei dati sulla partecipazione dello swap, rimane stabile con oscillazioni minime tendenti al ribasso.
Le banche elleniche hanno provveduto a mettere a bilancio le perdite sullo swap. Da alcune fonti greche sappiamo che le adesioni complessive si aggirano attualmente intorno al 60/70%. C'è indecisione attorno all'adesione della BCE, probabilmente non aderirà.
La Troika ha iniziato la revisione dei conti ad Atene, la missione dovrebbe concludersi il 5 settembre.
In Italia la manovra di rientro di metà agosto è stata stravolta ma i saldi risultano identici. L'asta dei BTP è andata bene, ma il mercato non ha troppo gradito.
Giovedì appuntamento con la Spagna ed i suoi Bonos. Vedremo se si ripeterà il copione "Italia".
Grecia 1589 pb. (1597)
Portogallo 880 pb. (901)
Irlanda 654 pb. (675)
Italia 298 pb. (287)
Spagna 289 pb. (279)
Belgio 182 pb. (177)
La nostra Grecia, in attesa dei dati sulla partecipazione dello swap, rimane stabile con oscillazioni minime tendenti al ribasso.
Le banche elleniche hanno provveduto a mettere a bilancio le perdite sullo swap. Da alcune fonti greche sappiamo che le adesioni complessive si aggirano attualmente intorno al 60/70%. C'è indecisione attorno all'adesione della BCE, probabilmente non aderirà.
La Troika ha iniziato la revisione dei conti ad Atene, la missione dovrebbe concludersi il 5 settembre.
In Italia la manovra di rientro di metà agosto è stata stravolta ma i saldi risultano identici. L'asta dei BTP è andata bene, ma il mercato non ha troppo gradito.
Giovedì appuntamento con la Spagna ed i suoi Bonos. Vedremo se si ripeterà il copione "Italia".
Grecia 1589 pb. (1597)
Portogallo 880 pb. (901)
Irlanda 654 pb. (675)
Italia 298 pb. (287)
Spagna 289 pb. (279)
Belgio 182 pb. (177)
tommy271
Forumer storico
Venizelos sees chance of working with ND
Finance Minister Evangelos Venizelos suggested Tuesday that there is “fertile ground” between PASOK and New Democracy that could lead to the country’s two biggest parties finding the consensus that has been sought by Greece’s lenders.
Venizelos met Tuesday with New Democracy leader Antonis Samaras to brief him on the major economic policy decisions the government is preparing for September. Exiting ND headquarters, Venizelos said he discovered “much fertile ground where there is a convergence of views that can form the basis of consensus with New Democracy.”
The minister said his talks with Samaras were “extensive and substantial.” “We are not dealing with a party issue but a crisis that demands an honest and open cooperation between the government and New Democracy.”
Samaras did not make any public comments but ND sources emphasized that the two parties remain far apart on a number of issues, especially taxation. Another example given by the conservatives was the proposal for allowing owners of illegal properties to protect them from demolition. ND sources said that the conservatives’ scheme would bring in up to 12 billion euros from fines over four years, whereas the government aims to collect 1.6 billion euros over two years.
However, tax issues are likely to come to the fore over the next few days as the government’s plan to raise value-added tax at restaurants from 13 to 23 percent looks set to meet with resistance from restaurateurs. Their union, POESE, which also represents a number of fast-food chains, issued a statement yesterday asking the government to reduce the VAT to 6.5 percent rather than raise it.
It also suggested that the businesses would stop passing their VAT takings to the government unless the policy is changed.
ekathimerini.com , Tuesday August 30, 2011 (22:43)
***
Dopo i durissimi scontri, anche sul piano politico interno c'è un allentamento della tensione.
Venizelos met Tuesday with New Democracy leader Antonis Samaras to brief him on the major economic policy decisions the government is preparing for September. Exiting ND headquarters, Venizelos said he discovered “much fertile ground where there is a convergence of views that can form the basis of consensus with New Democracy.”
The minister said his talks with Samaras were “extensive and substantial.” “We are not dealing with a party issue but a crisis that demands an honest and open cooperation between the government and New Democracy.”
Samaras did not make any public comments but ND sources emphasized that the two parties remain far apart on a number of issues, especially taxation. Another example given by the conservatives was the proposal for allowing owners of illegal properties to protect them from demolition. ND sources said that the conservatives’ scheme would bring in up to 12 billion euros from fines over four years, whereas the government aims to collect 1.6 billion euros over two years.
However, tax issues are likely to come to the fore over the next few days as the government’s plan to raise value-added tax at restaurants from 13 to 23 percent looks set to meet with resistance from restaurateurs. Their union, POESE, which also represents a number of fast-food chains, issued a statement yesterday asking the government to reduce the VAT to 6.5 percent rather than raise it.
It also suggested that the businesses would stop passing their VAT takings to the government unless the policy is changed.
ekathimerini.com , Tuesday August 30, 2011 (22:43)
***
Dopo i durissimi scontri, anche sul piano politico interno c'è un allentamento della tensione.
tommy271
Forumer storico
Finnish stance remains a thorn
Finland’s insistence on collateral remains the biggest thorn in the granting of the new EU aid package to Greece, but the European Commission indicated on Tuesday that negotiations are making progress.
“There was progress at the expert level just yesterday,” Commission President Jose Manuel Barroso told a press conference, expressing hope that the final details would be ironed out “very soon.”
However, Austrian Finance Minister Maria Fekter said that since a solution appeared impossible on a technical level, the issue would be referred to the next Eurogroup meeting of September 16.
A German government spokesman, meanwhile, used strong language against Helsinki. “The demand for collateral for the bailout of an economy could prove fatal. Eurozone governments must talk to Finland regarding its demands,” he said.
The German newspaper Handelsblatt, quoting diplomatic sources, said Klaus Regling, head of the European Financial Stability Facility, which will give the new loan to Greece, proposed that the government give as collateral its shares in Greek banks.
ekathimerini.com , Tuesday August 30, 2011 (22:44)
***
Si cerca la mediazione con la Finlandia.
“There was progress at the expert level just yesterday,” Commission President Jose Manuel Barroso told a press conference, expressing hope that the final details would be ironed out “very soon.”
However, Austrian Finance Minister Maria Fekter said that since a solution appeared impossible on a technical level, the issue would be referred to the next Eurogroup meeting of September 16.
A German government spokesman, meanwhile, used strong language against Helsinki. “The demand for collateral for the bailout of an economy could prove fatal. Eurozone governments must talk to Finland regarding its demands,” he said.
The German newspaper Handelsblatt, quoting diplomatic sources, said Klaus Regling, head of the European Financial Stability Facility, which will give the new loan to Greece, proposed that the government give as collateral its shares in Greek banks.
ekathimerini.com , Tuesday August 30, 2011 (22:44)
***
Si cerca la mediazione con la Finlandia.
tommy271
Forumer storico
Greek debt provisions questioned
Accounting methods used are said not to reflect market values
By Haris Argyropoulos
Some European banks and insurance groups booked insufficient writedowns on Greek government bond holdings this year, the International Accounting Standards Board (IASB) said on Tuesday.
IASB found inconsistencies in how financial institutions wrote down the value of the Greek debt in 2011 second-quarter results, in view of the forthcoming bond rollover.
In July, EU leaders agreed that bondholders should contribute about 50 billion euros to a second international rescue package for Greece.
In a letter sent to the European Securities and Markets Authority (ESMA), dated August 4 and published yesterday, IASB noted that some companies valued these bond holdings in a way that reflected internal models rather than market prices. “This is a matter of great concern to us,” said IASB President Hans Hoogervorst.
IASB-related sources said some groups booked provisions valued at up to 51 percent of their Greek bond portfolio, while others only 21 percent, in line with the EU aid plan for holdings that mature by 2020.
The letter did not mention specific names, but a source said the letter reflected concern over the policies applied by France’s BNP Paribas and CNP Assurances, which had announced writedowns of 21 percent in the value of their bondholdings, while by contrast, the Royal Bank of Scotland booked a 51 percent provision.
The two French groups dismissed suggestions that the provisions had been insufficient.
Separately, sources of the Greek Debt Management Agency said that everything will be ready by September 9 to launch the largest rollover of sovereign debt ever. Banks will have to notify of their participation within the next 10 days. The participation of Greek financial institutions does not exceed 30-35 percent of the total package.
Fitch Ratings said in its latest report on the eurozone that market confidence remained elusive for Greece, although it acknowledged that investors’ anxieties were largely quelled by the July, 109-billion euro package for Greece. The rating agency has said that the participation of private bondholders in the package would amount to a restricted default event. Also, that the cut in the interest rates of the EU loans to Greece and the rollover open for a window of opportunity for this country to regain its credibility.
ekathimerini.com , Tuesday August 30, 2011 (22:31)
***
Il punto attuale sullo swap...
Accounting methods used are said not to reflect market values
Some European banks and insurance groups booked insufficient writedowns on Greek government bond holdings this year, the International Accounting Standards Board (IASB) said on Tuesday.
IASB found inconsistencies in how financial institutions wrote down the value of the Greek debt in 2011 second-quarter results, in view of the forthcoming bond rollover.
In July, EU leaders agreed that bondholders should contribute about 50 billion euros to a second international rescue package for Greece.
In a letter sent to the European Securities and Markets Authority (ESMA), dated August 4 and published yesterday, IASB noted that some companies valued these bond holdings in a way that reflected internal models rather than market prices. “This is a matter of great concern to us,” said IASB President Hans Hoogervorst.
IASB-related sources said some groups booked provisions valued at up to 51 percent of their Greek bond portfolio, while others only 21 percent, in line with the EU aid plan for holdings that mature by 2020.
The letter did not mention specific names, but a source said the letter reflected concern over the policies applied by France’s BNP Paribas and CNP Assurances, which had announced writedowns of 21 percent in the value of their bondholdings, while by contrast, the Royal Bank of Scotland booked a 51 percent provision.
The two French groups dismissed suggestions that the provisions had been insufficient.
Separately, sources of the Greek Debt Management Agency said that everything will be ready by September 9 to launch the largest rollover of sovereign debt ever. Banks will have to notify of their participation within the next 10 days. The participation of Greek financial institutions does not exceed 30-35 percent of the total package.
Fitch Ratings said in its latest report on the eurozone that market confidence remained elusive for Greece, although it acknowledged that investors’ anxieties were largely quelled by the July, 109-billion euro package for Greece. The rating agency has said that the participation of private bondholders in the package would amount to a restricted default event. Also, that the cut in the interest rates of the EU loans to Greece and the rollover open for a window of opportunity for this country to regain its credibility.
ekathimerini.com , Tuesday August 30, 2011 (22:31)
***
Il punto attuale sullo swap...
tommy271
Forumer storico
Record number of tourists expected this year
By Stathis Kousounis
The number of foreign visitors to Greece is expected to reach an unprecedented 16.5 million this year, according to the head of the Association of Greek Tourist Enterprises (SETE), Andreas Andreadis, who met with Prime Minister George Papandreou on Tuesday.
Andreadis confirmed that the trend suggests a 10 to 12 percent annual increase both in arrivals and in revenues, adding that the Greek destination can hit the 20 million figure on an annual basis without any further investment in new hotel beds.
The SETE president stressed that a 50 percent reduction in Greek airport taxes would go a long way toward making Greece more competitive, given the high cost of Athens’s airport in particular.
ekathimerini.com , Tuesday August 30, 2011 (22:36)
***
Il trimestre luglio/settembre dovrebbe contribuire a correggere gli squilibri sui conti.
The number of foreign visitors to Greece is expected to reach an unprecedented 16.5 million this year, according to the head of the Association of Greek Tourist Enterprises (SETE), Andreas Andreadis, who met with Prime Minister George Papandreou on Tuesday.
Andreadis confirmed that the trend suggests a 10 to 12 percent annual increase both in arrivals and in revenues, adding that the Greek destination can hit the 20 million figure on an annual basis without any further investment in new hotel beds.
The SETE president stressed that a 50 percent reduction in Greek airport taxes would go a long way toward making Greece more competitive, given the high cost of Athens’s airport in particular.
ekathimerini.com , Tuesday August 30, 2011 (22:36)
***
Il trimestre luglio/settembre dovrebbe contribuire a correggere gli squilibri sui conti.
tommy271
Forumer storico
RAPPORTI GRECO/TURCHI
Greek Prime Minister George Papandreou telephoned his Turkish counterpart Recep Tayyip Erdogan on Monday evening to convey his best wishes for the end of the Ramadan period, given that Turkey is a predominately Muslim country.
The two prime ministers discussed international developments, with the focus on the wider region and more particularly the latest developments in Libya and Syria, on which the stressed the need for democratisation of those two countries.
Papandreou also expressed his satisfaction with Erdogan's recent decision on minority properties in Turkey, which he described as positive, while the Turkish premier briefed his Greek counterpart in detail on the decision.
The two premiers further agreed reschedule in the near future the second meeting of the Greece-Turkey Higher Cooperation Council, which had been originally scheduled to take place in June but was postponed due to elections in Turkey.
(ana.gr)
Greek Prime Minister George Papandreou telephoned his Turkish counterpart Recep Tayyip Erdogan on Monday evening to convey his best wishes for the end of the Ramadan period, given that Turkey is a predominately Muslim country.
The two prime ministers discussed international developments, with the focus on the wider region and more particularly the latest developments in Libya and Syria, on which the stressed the need for democratisation of those two countries.
Papandreou also expressed his satisfaction with Erdogan's recent decision on minority properties in Turkey, which he described as positive, while the Turkish premier briefed his Greek counterpart in detail on the decision.
The two premiers further agreed reschedule in the near future the second meeting of the Greece-Turkey Higher Cooperation Council, which had been originally scheduled to take place in June but was postponed due to elections in Turkey.
(ana.gr)
tommy271
Forumer storico
SHIPPING
The Greek merchant marine fleet fell by 3.8 pct in June this year, compared with the same month in 2010, after an increase of 0.5 pct recorded in June 2010 over June 2009, the independent Hellenic Statistical Authority (EL.STAT) announced on Tuesday.
The statistics service, in a report, said the country's merchant marine fleet totaled 2,046 ships with a capacity of 43,085,641 dwt, down 0.3 pct compared with the same month in 2010 and against a 4.1 percent rise in the same comparison for 2010 against 2009.
(ana.gr)
The Greek merchant marine fleet fell by 3.8 pct in June this year, compared with the same month in 2010, after an increase of 0.5 pct recorded in June 2010 over June 2009, the independent Hellenic Statistical Authority (EL.STAT) announced on Tuesday.
The statistics service, in a report, said the country's merchant marine fleet totaled 2,046 ships with a capacity of 43,085,641 dwt, down 0.3 pct compared with the same month in 2010 and against a 4.1 percent rise in the same comparison for 2010 against 2009.
(ana.gr)
tommy271
Forumer storico
EFSF proposes Greek bank shares as loan collateral - report
HELSINKI | Wed Aug 31, 2011 7:17am BST
HELSINKI (Reuters) - Finland and other euro zone countries might get Greek bank shares as security in exchange for new loans to Athens, German newspaper Handelsblatt said.
According to the report citing unnamed sources, Klaus Regling, the head of European Financial Stability Facility (EFSF) has introduced the idea to euro state finance ministers, and officials are due to discuss the issue early next week.
Greece's second bailout package, planned to total 109 billion euros (96.5 billion pounds), includes earmarking of some 20 billion euros for Greek banks. In return, banks would be partially nationalized, and those shares would then work as loan collaterals, Handelsblatt said.
Earlier this month Finland revealed a deal with Greece to obtain cash deposit in exchange for loans. That sparked requests from countries including Austria, the Netherlands, Slovenia and Slovakia for similar treatment.
Analysts have said the resulting row could jeopardise a second Greek bailout.
Euro zone official have had negotiations in conference calls this week, trying to reach agreement on the collateral question.
Finnish Prime Minister said on Tuesday he expected the issue to be solved in "days or weeks."
The Nordic country has been adamant in demanding collateral as a prerequisite for participating the bailout.
***
Questione Finlandia.
HELSINKI | Wed Aug 31, 2011 7:17am BST
HELSINKI (Reuters) - Finland and other euro zone countries might get Greek bank shares as security in exchange for new loans to Athens, German newspaper Handelsblatt said.
According to the report citing unnamed sources, Klaus Regling, the head of European Financial Stability Facility (EFSF) has introduced the idea to euro state finance ministers, and officials are due to discuss the issue early next week.
Greece's second bailout package, planned to total 109 billion euros (96.5 billion pounds), includes earmarking of some 20 billion euros for Greek banks. In return, banks would be partially nationalized, and those shares would then work as loan collaterals, Handelsblatt said.
Earlier this month Finland revealed a deal with Greece to obtain cash deposit in exchange for loans. That sparked requests from countries including Austria, the Netherlands, Slovenia and Slovakia for similar treatment.
Analysts have said the resulting row could jeopardise a second Greek bailout.
Euro zone official have had negotiations in conference calls this week, trying to reach agreement on the collateral question.
Finnish Prime Minister said on Tuesday he expected the issue to be solved in "days or weeks."
The Nordic country has been adamant in demanding collateral as a prerequisite for participating the bailout.
***
Questione Finlandia.
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Umile contadino
Buona giornata a tutti gli amici !!Vi confesso che questa notte ho dormito poco pensando alla mia 2024 (non vi preoccupate per il mio stato di salute mentale,posso tranquillamente sopportare i miei super loss su greci e portoghesi) : quello che mi inquieta è la mia insicurezza sul dafarsi e questo mi irrita alquanto. Comunque sono arrivato alla conclusione che per ora tengo la 2024 continuando a temprarmi sui mugugni di mia moglie che non è abituata a vedere super loss.
Comunque grazie agli amici Brisico,Stefanofabb e Tommy che mi hanno dato la loro view...
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