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

[tommy271]

Sovereign Debt Returns To The ECOFIN Agenda



The finance ministers in next week’s ECOFIN meeting will typically OK the second instalment (EUR9 million) for Greece, but will also once again discuss the problem of sovereign and bank debt in the Eurozone.

The ECB’s intervention in the meeting will be particularly intense, as the Franfurt based bank deems the problem of the debt crisis "as the biggest challenge to the stability of the economy and the banking system."

The "solution" it proposes is not particularly popular by the finance ministers, as the central bankers are asking for medium to long term fiscal consolidation.

The new element in this debate is that the ECB appears to make this proposal more in the form of strict recommendations to governments, linking the extension of the "quantitative easing" policy to the compliance with this recommendation.

On Thursday, the ECB will most likely announce the extension of extraordinary liquidity measures to provide at least until 01.01.2011.

The assumption that the debt crisis seems to take on new dimensions do not allow the ECB to tighten its policy and implement the "exit strategy" on which its chief Jean Claude Trichet insisted.

(Capital.gr)

 

[tommy271]

Grecia, per Alpha Bank utile netto in calo dell'82% nel primo semestre


Gli attivi si sono ridotti dell'8,1% a 68,02 miliardi a fine giugno, mentre il portafoglio prestiti è aumentato del 2% a 53,3 miliardi

Il gruppo bancario Alpha Bank, numero due del settore in Grecia, ha chiuso il primo semestre dell'anno con un utile netto in calo dell'82,2% rispetto a un anno prima a 38,2 milioni soprattutto a causa del prelievo straordinario deciso da Atene contro la crisi debitoria. Al netto della tassa, l'utile netto si attesta a 100,2 milioni (-53,1%) dopo accantonamenti per 421,3 milioni. Gli attivi si sono ridotti dell'8,1% a 68,02 miliardi a fine giugno, mentre il portafoglio prestiti è aumentato del 2% a 53,3 miliardi. I risultati, ha commentato il direttore generale, Dimitrios Mantzounis, "costituiscono un'evoluzione positiva alla luce dello scenario sfavorevole" dovuto alla profonda crisi in Grecia.


(Milano Finanza)

 

[tommy271]

Intesa Sanpaolo: a giugno titoli Grecia svalutati per 231 milioni

LUNEDI' 30 AGOSTO 2010

(Il Sole 24 Ore Radiocor) - Milano, 30 ago - Svalutazioni per 231 milioni su titoli di Stato greci per Intesa Sanpaolo al 30 giugno 2010. Trattando delle attivita' e passivita' finanziarie nella relazione semestrale consolidata, il management dell'istituto sottolinea che "il gruppo Intesa Sanpaolo al 30 giugno 2010 aveva in bilancio titoli di Stato per un valore nominale di 882 euro di carico dopo le valutazioni di 651 milioni". Di questi, titoli con valore di carico per 192 milioni sono classificati come "di trading", 279 milioni sono indicati "disponibili per la vendita", 180 milioni risultano "classificati tra i crediti".

 

[tommy271]

Piraeus Port Authority: Financial Reports For The First Half 2010



The Board of Directors of P.P.A. S.A. on 30/8/2010 approved the Company΄s Financial Report for the first half of 2010. From the Report, the following arise:

1. The Company΄s turnover amounted to €64.31mil, against €61.07mil. in the relevant period of 2009. However, the amounts are not comparable, since the new Container Terminal is operating only for one month, as from 1/6/2010 and on a trial basis. From the remaining activities, the Car Terminals sector records a satisfactory increase with revenues amounting to €6.37 mil against €4.50 mil in the relevant period of 2009 (41.60% increase), mainly due to the increase of transhipment cargoes.

2. Other operational revenues for the period recorded a slight increase of 1.98% against the first half of 2009, amounting to €3.50mil (€3.43mil. on 30/6/2009) attributed to the increased rental income.

3. Total expenses for the period, recorded an increase of 6.75%, amounting to €65.62 mil. against €61.47mil. in the same period of 2009. It is noted that personnel payroll cost in the relevant period of 2009 was reduced because of the personnel mobilizations against the Concession Agreement, the abstention of personnel from overtime and weekend work mainly in the first quarter of 2009 and the reduced cargo flows.

4. A significant increase was recorded in provisions, compared with the first semester of 2009 that amounted to €300 thous.
Provisions from staff V.R.P 3.940
Provisions for pending lawsuits 1.648
Provisions for doubtful debts 1.105
Remuneration of Memorandum of Agreement 800
Other provisions 100 7.593

5. Consumption of spares and consumables for the first half of 2010 amounted to €371,130.29 against €1.64 mil. in the relevant period of 2009. The reduction derives mainly from the concession of equipments of the Container Terminal which were absorbing the most part of consumption of spare parts and materials.

6. Asset depreciation incorporated in the operational cost increased by 12.52%, amounting to €5.80 mil. against €5.16 mil. in the relevant period of 2009. This increase is attributed to the beginning of operations in Pier I container terminal as from 1/6/2010 that resulted to the increase of the Company΄s assets.

7. Net financial profits before taxes for the period amounts to €2.57 mil. against profits of €3.24 mil. in the respective period of 2009, while profits after taxes amount to €1.65 mil., against profits of €233,094.63. in the relevant period of 2009.

Cash and cash equivalents on 30/06/2010 amounted to €39.04mil. against €33.27 mil. on 31/12/2009 and €65.45 mil. on 30/06/2009.



(Capital.gr)

 

[tommy271]

Borsa Atene: Ase chiude a -0,4%, Opap a +2,1%


MILANO (MF-DJ)--L'indice Ase della Borsa di Atene termina una seduta con volumi pari a 72,1 mln euro in ribasso dello 0,4% a quota 1555,41 punti.
"L'andamento delle blue-chip ha permesso al mercato greco di risollevarsi dal -2% registrato in precedenza e a limitare le perdite in una giornata dominata dal sentiment negativo internazionale", commenta un analista.
Sul fronte dei titoli Opap guadagna il 2,1%, Piraeus l'1,2%, Coca Cola Hellenic lo 0,7%, Titan il 3,2%, Ppc il 2,7%, National l'1,8% e Hellenic Telecoms lo 0,9%.

 

[tommy271]

ND urges return of tourism and shipping ministries


In a call to the prime minister on Tuesday, main opposition New Democracy urged the government to bring back the scrapped ministries of shipping and tourism when a future cabinet reshuffle takes place.

Stressing that shipping and tourism represented two of Greece's major comparative advantages, ND spokesman Panos Panagiotopoulos said that re-establishing the two ministries was a "major obligation" of the government.

He also criticised ruling PASOK ministers for seeming less concerned about Greek households and businesses struggling under austerity measures and more concerned with who will have the upper hand within the government.

Meanwhile, ND leader Antonis Samaras was on Tuesday continued a round of meetings designed to mend bridges within ND in the run-up to the local government elections. According to reports, however, Samaras has sent an ultimatum to Thessaloniki Prefect Panagiotis Psomiadis, warning Psomiadis not to include his brother in his election ticket for the Thessaloniki regional seat.

(Ana.gr)

 

[troppidebiti]

Intesa Sanpaolo: a giugno titoli Grecia svalutati per 231 milioni

LUNEDI' 30 AGOSTO 2010

(Il Sole 24 Ore Radiocor) - Milano, 30 ago - Svalutazioni per 231 milioni su titoli di Stato greci per Intesa Sanpaolo al 30 giugno 2010. Trattando delle attivita' e passivita' finanziarie nella relazione semestrale consolidata, il management dell'istituto sottolinea che "il gruppo Intesa Sanpaolo al 30 giugno 2010 aveva in bilancio titoli di Stato per un valore nominale di 882 euro di carico dopo le valutazioni di 651 milioni". Di questi, titoli con valore di carico per 192 milioni sono classificati come "di trading", 279 milioni sono indicati "disponibili per la vendita", 180 milioni risultano "classificati tra i crediti".

come perdere 230 milioni in poche settimane

 

[tommy271]

Situazione stabile sul fronte degli spread/bund sul decennale.
Grecia e Irlanda sui massimi. Seguono Portogallo e Spagna. L'Italia si difende.

Grecia 948 pb. (949)
Irlanda 366 pb. (363)
Portogallo 337 pb. (341)
Spagna 194 pb. (194)
Italia 166 pb. (165)

 

[tommy271]

China, Greece ink agreement on cultural exchange​

English.news.cn 2010-08-31 22:46:48


BEIJING, Aug. 31 (Xinhua) -- Greek and Chinese authors and publishing houses here Tuesday signed a cultural exchange agreement to promote book publications in both languages.
Two children's books will be published according to the agreement.
One is written by a Greek author and illustrated by a Chinese illustrator. The other is written by a Chinese author and illustrated by a Greek illustrator. The two books will be published simultaneously in Greece and China.
Giorgos Poussaios, general secretary for Tourism of Greece, said Greece hopes to enhance cooperation in culture, tourism and other areas of common interest with China. He hailed the cultural exchange agreement as an important step towards the goal.
"We hope that through the books and our presence at the Shanghai Expo, Chinese people will learn more about Greek culture," Poussaios said.
"We welcome all Chinese to visit Greece," he added.
Sun Shoushan, deputy head of the General Administration of Press and Publication, said the agreement underlies the cultural exchange between the two ancient civilizations.
The agreement is part of China's national reading program, which introduces foreign books to Chinese children, parents and teachers.
The two countries have intensified cultural exchange in literature in recent years.
As guest of honor, China attended the 7th Thessaloniki Book Fair, a major book event in Greece, in 2010 while Greece participated in the Beijing International Book Fair in 2008 as the guest of honor.



***
Ping-pong.

 

[tommy271]

Greek Market Sheds 7.5% In August



Greek market dropped 7.5% in August and in the last session of the month it managed to stage a late recovery, without though ending in the black.

Analysts say that the losses registered in August are mainly due to the fact that ATHEX keeps tracking foreign bourses, with many investors in the sidelines.

On Tuesday, the benchmark index dropped 0.37% at 1,555.41.

Total turnover shaped at 72.16 mil. euro while 107 stocks dropped, 51 rose and 135 remained unchanged.

Financials ended unchanged, but slipped 10.06% on the month.

OPAP (+2.14%), ELPE (+1.03%) shone while Ellaktor (-5.59%) and MIG (-5.10%) dropped.

(Capital.gr)