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

[tommy271]

Property tax details next week

The new property levy announced on Sunday will be collected via electricity bills and the government will unveil further details next week.

The charge will be staggered according to the value of the property, which mainly depends on area and age. It will range from 50 cents per square meter of houses in the cheapest areas to 10 euros per sq.m. in the most expensive ones, where homes are valued by the tax department at more than 6,000 euros per sq.m.

The government opted to include the tax in electricity bills because they contain data on both the size of apartments and their age. The tax will be levied on all buildings with an electricity supply, whether residential or holiday homes, but low-population areas may be exempted. Industrial installations and hotels might also be exempted but shops will have to pay.

Those liable to pay the tax will be property owners and not tenants. The unemployed and low-paid pensioners will be exempted, while low-income families on the so-called social electricity tariff will be subject to the lowest rate.


ekathimerini.com , Monday September 12, 2011 (22:09)

 

[tommy271]

pertanto la traduzione è questa?

dovendo avere gli strumenti per gestire un default (= esm) che saranno pronti nel 2013... fino ad allora non possiamo fare altro che continuare questo teatrino di minacce per ottenere il max dalla grecia... e ciontinuare a pagare le rate (ossigeno) fino alla data: 2013!

può essere corretta questa lettura?

Questa è l'idea iniziale della Merkel, a cui aggiungerei il fatto dell'introduzione di norme CAC, a partire dal 2013, sui bond dell'eurozona di nuova emissione.
Non è chiaro il comportamento verso i titoli già emessi.

 

[tommy271]

Government adopts partial payments freeze

The payments freeze which excludes salaries and pensions, that the Finance Ministry has all but declared is leading to a swelling of overdue payments by the various state departments and agencies, further starving the market of precious liquidity.

The decision, nevertheless, was adopted in view of the fact that the central government is projected to run out of cash by mid-October, and that the troika of international creditors seems determined not to give the green light to the disbursement of the sorely needed installment of 8.0 billion euros without effective new revenue measures.

“We are trying to ensure that the government will be able to continue functioning without problems,” Deputy Finance Minister Filippos Sachinidis said on Monday.

Overdue payments by various government government entities (hospitals, social insurance funds and local government) were estimated at 6.5 billion euros in July. A continuation of the payments freeze will obviously increase their arrears further.

Sources said the troika notified the government on Saturday that its representatives will not return to Athens if the new measures are not adopted by the Cabinet and the ruling party’s parliamentary group. These measures, which the troika demands be implemented in the next few weeks, include further pay cuts in the public sector, changes in the labor market and the creation of a “labor standby” scheme for surplus public servants.

According to data released by the Finance Ministry on Monday, the budget deficit widened to 18.6 billion euros in the January-August period from 15.7 billion a year earlier - a 22.5 percent increase.

Ordinary budget revenue fell to 31.1 billion euros from 32.8 billion while spending rose to 47.8 billion euros from 43.5 billion.

The recent figures, showing a further deterioration, along with increasing concern and speculation abroad that Greece will eventually default, are sending the costs of insuring Greek debt sky-high. The 10-year Greek bond spread climbed to 2,072 basis points, while the five-year Greek credit default swap ascended to 3,508 basis points, compared to 1,238 for Portugal, 1,175 for Venezuela and 918 for Ireland.


ekathimerini.com , Monday September 12, 2011 (22:58)

 

[tommy271]

ITALIA/GRECIA/ALBANIA




TIRANA (AMNA) -- Greek Foreign Minister Stavros Lambrinidis on Monday concluded a joint visit to Tirana with Italian Foreign Minister Franco Frattini, where they represented the European Union.
In meetings with Albania's state and political leadership, including the country's president, prime minister, foreign ministery and main opposition party leader, Frattini and Lambrinidis reaffirmed the support of the EU and their own countries for Albania's EU accession prospects.
They stressed the need to accelerate reforms in order for Albania to make progress in its accession course, adding that valuable time had already been lost.
The visit is taking place at a particularly critical time for Albania, which is awaiting for the European Commission's recommendation on its application to be given the status of an EU candidate-state.


(ana.gr)

 

[tommy271]

LA POSIZIONE DI NUOVA DEMOCRAZIA



(AMNA) -- Main opposition New Democracy (ND) on Monday lashed out at the government over an extraordinary surtax on building properties it announced over the weekend, but also at the president of the Public Power Corp. employees' federation GENOP Nikos Fotopoulos, who said the federation would block collection of the surtax via electricity bills as intended by the government.
ND's position on the surtax on real estate is given, "we are categorically opposed", the party's press spokesman Yiannis Mihelakis
Mihelakis noted that the government over the weekend "announced the 6th surtax in 20 months", adding that the new surtax "confirms the government's resounding failure, belies its assurances that no additional collection measures will be taken, and dissolves the last remaining remnants of its credibility".
He charged that the government is a "captive in a wrong recipe and unable to attain the targets it sets out", and "insists on a tax raid that kills construction activity in which tens of professions are active", while at the same time "deepening the recession, freezing the market and increasing unemployment".
Mihelakis reiterated that supporting construction activity is a fundamental tool for giving breath to the real economy and boosting employment, and reiterated steps in that direction that have been put forward by ND.

said, but added that no public organisation is anyone's private property "and no Fotopoulos can obstruct implementation of the laws".

(amna.gr)

 

[Nobody's]

Intervista ad un "padre" della UE: come non essere d'accordo?

Jacques Delors: “Merkel e Sarkozy mancano di spirito comunitario” | euronews, intervista

Con video.

L' Europa che sognavo

 

[drbs315]

Grecia: Jouyet (Amf), rischio di una piu' ampia ristrutturazione debito
(Il Sole 24 Ore Radiocor) - Milano, 13 set - "Quello che rischiamo di avere e' una ristrutturazione piu' pronunciata del debito greco" che comporterebbe perdite maggiori per i creditori. Lo ha sottolineato il presidente della Amf, la Consob francese, Jean-Pierre Jouyet, intervenendo sull'emittente iTele'. Per Jouyet e' questo il rischio nel momento in cui una parte della Germania non scarta l'ipotesi di un fallimento di Atene. Red-Mau (RADIOCOR) 13-09-11 08:26:04 (0056) 5 NNNN

Tanto per aggiungere un pò di confusione

 

[giub]

è tutto in greco
BankingNews.gr | Online ????????? ?????????

ah scusa, pensavo fosse in inglese...
anche io con il greco non me la cavo molto bene...

 

[StockExchange]

Merkel Says ‘Uncontrolled Greek Insolvency’ Must Be Avoided - Businessweek

Questi si sono riempiti le tasche di bond PIIGS vendendo allo scoperto, facendoli prendere a qualche "amico" (tipo BCE) e appena finisce 'sta storia si spartiscono un bel tortone.
(Ipotesi delirant/complottistica).

Ecco vedete, sono queste dichiarazioni che mi fanno inkazzare....
Prima il default era tabù, ora sembra che il tabù sia solo che avvenga in modo incontrollato. Tra l'altro già questo swap è una forma di insolvenza controllata (per quanto moderata, se la Grecia continuasse a pagare le cedole)
Viene,obbiettivamente, il concreto sospetto che da più di un anno stiano semplicemente facendo abituare il mercato all'idea....
Spero che alla fine esca un coniglio dal cilindro e mi piacerebbe tornare a bordo, ma prima i tedeschi devono cambiare registro, perchè così non va.

 

[giub]

spread 2241, con punte a 2320....