Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (5 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
tommy271
Forumer storico
il Grecia 2040 potrebbe essere una buona occasione..? Quali sono i rischi concreti per un effetto "argentina"?
La Grecia è nell'euro, se salta..
Che ne pensate?
Tutti i TdS Grecia potrebbero essere una buona occasione.
Ovviamente i più lunghi sono quelli maggiormente penalizzati quotando poco sopra i 50. In un'ottica di "default" sono quelli che perdono meno, essendo già pagati molto sotto al nominale.
Nell'immediato l'effetto Argentina è stato scongiurato ma i "mercati" non ci credono troppo: infatti nonostante il supporto BCE/FMI i titoli non hanno ripreso quotazione, trovandosi ancora a sconto.
Essendo la Grecia nell'Euro trovo che la situazione vada affrontata dal punto di vista politico: altrimenti non si spiegherebbe il "galleggiamento" con relativa tenuta dell'intero sistema economico, nonostante i dati di bilancio che definirei non incoraggianti anche se in via di risanamento.
Penso che i titoli vadano maneggiati da persone consapevoli, non soggetti a problemi cardiaci ...
.
tommy271
Forumer storico
Banks must pay for Greece crisis: Slovakian PM
(AFP) – 19 hours ago
ATHENS — Slovakian Prime Minister Iveta Radicova, whose country refused to contribute to a 110-billion-euro bailout of Greece, said on Sunday banks had to "pay" for the debt crisis that shook the eurozone.
"We will support proposals to handle the Greek crisis if they include the banks," Radicova said in an interview with Greek daily To Vima.
"It is unacceptable if they do not participate in the financial aid as they are directly responsible for the situation. They must pay," she said.
The parliament of Slovakia, the eurozone's poorest member, in August voted against contributing to the European Union and International Monetary Fund (IMF) bailout of Greece agreed in May.
According to Radicova, if the country had loaned the 800 million euros (one billion dollars) that was requested, its budget deficit would have reached 9.5 percent of gross domestic product.
The Slovakian premier said blame for the crisis rested with previous Greek governments, as well as "credit rating agencies and the lack of control at European institutions".
The European Commission has expressed its regret over Slovakia's refusal to contribute to the bailout.
(AFP) – 19 hours ago
ATHENS — Slovakian Prime Minister Iveta Radicova, whose country refused to contribute to a 110-billion-euro bailout of Greece, said on Sunday banks had to "pay" for the debt crisis that shook the eurozone.
"We will support proposals to handle the Greek crisis if they include the banks," Radicova said in an interview with Greek daily To Vima.
"It is unacceptable if they do not participate in the financial aid as they are directly responsible for the situation. They must pay," she said.
The parliament of Slovakia, the eurozone's poorest member, in August voted against contributing to the European Union and International Monetary Fund (IMF) bailout of Greece agreed in May.
According to Radicova, if the country had loaned the 800 million euros (one billion dollars) that was requested, its budget deficit would have reached 9.5 percent of gross domestic product.
The Slovakian premier said blame for the crisis rested with previous Greek governments, as well as "credit rating agencies and the lack of control at European institutions".
The European Commission has expressed its regret over Slovakia's refusal to contribute to the bailout.
tommy271
Forumer storico
EC authorises recapitalisation scheme implementing the Hellenic Financial Stability Fund for credit institutions
European Commission Press - 06.09.2010
The European Commission has authorised under EU State aid rules a scheme for the recapitalisation of credit institutions in Greece by the Hellenic Financial Stability Fund (FSF). The Fund's capital is €10 billion and is part of the euro-area/IMF financial assistance to the country. The Commission found the recapitalisation scheme to be compatible with EU rules that allow aid to remedy a serious disturbance in the economy of a Member State.
“The Financial Stability Fund is part of the financial assistance provided by the euro area and the IMF to Greece and is destined to safeguard the financial stability of the credit institutions in Greece and thus the provision of credit to the national economy. I am satisfied that the conditions under which Greece may use the Fund are in line with the rules on support schemes for the financial sector during the crisis which have been authorised previously in Greece and many other EU countries", said Joaquín Almunia, Commission Vice President in charge of Competition Policy.
The creation of the Financial Stability Fund is provided for in the May 3rd Memorandum of Understanding (MoU) on Specific Economic Policy Conditionality between the Greek Government, the European Union, the European Central Bank and the International Monetary Fund. The FSF is set to last until 30 June 2017. Although the MoU and the FSF were agreed at the highest level in the euro area, the Commission must check that the conditions under which the banks will be recapitalised, for those that need it,, comply with the rules on the recapitalisation of financial institutions during the crisis.
On 21 July 2010, Greece notified to the Commission a request for approval of the recapitalisation scheme under the FSF until 31 December 2010. This time limit is due to the fact that the crisis-related state aid schemes are approved for six-month periods, whether they concern recapitalisation, loan guarantees or treatment of impaired assets, to be able to re-assess the situation according to the evolution of the financial markets. In any event, the limitation is without prejudice to the existence of the fund, which is established under Greek law until 2017.
The objective of the Fund is to safeguard the stability of the Greek banking system when capital is not available through normal, generally private, solutions. It will provide equity capital to credit institutions by acquiring preference shares and, under certain conditions, common shares in respective banks. In case of preference shares, the scheme requires a remuneration of 10 % of the shares and insists on several behavioural restrictions such as a dividend and a coupon ban. Moreover, in principle all banks benefitting from the fund will need to present a restructuring plan to the Commission.
The measure is compatible with Article 107(3) (b) of the Treaty on the Functioning of the EU, which allows state aid to remedy a serious disturbance in the economy. It is also in line with the Commission's Recapitalisation Communication. To this end, the conditions for the recapitalisations under the Fund are aligned with the current Greek recapitalisation scheme and consistent with the other recapitalisation schemes in other Member States.
European Commission Press - 06.09.2010
The European Commission has authorised under EU State aid rules a scheme for the recapitalisation of credit institutions in Greece by the Hellenic Financial Stability Fund (FSF). The Fund's capital is €10 billion and is part of the euro-area/IMF financial assistance to the country. The Commission found the recapitalisation scheme to be compatible with EU rules that allow aid to remedy a serious disturbance in the economy of a Member State.
“The Financial Stability Fund is part of the financial assistance provided by the euro area and the IMF to Greece and is destined to safeguard the financial stability of the credit institutions in Greece and thus the provision of credit to the national economy. I am satisfied that the conditions under which Greece may use the Fund are in line with the rules on support schemes for the financial sector during the crisis which have been authorised previously in Greece and many other EU countries", said Joaquín Almunia, Commission Vice President in charge of Competition Policy.
The creation of the Financial Stability Fund is provided for in the May 3rd Memorandum of Understanding (MoU) on Specific Economic Policy Conditionality between the Greek Government, the European Union, the European Central Bank and the International Monetary Fund. The FSF is set to last until 30 June 2017. Although the MoU and the FSF were agreed at the highest level in the euro area, the Commission must check that the conditions under which the banks will be recapitalised, for those that need it,, comply with the rules on the recapitalisation of financial institutions during the crisis.
On 21 July 2010, Greece notified to the Commission a request for approval of the recapitalisation scheme under the FSF until 31 December 2010. This time limit is due to the fact that the crisis-related state aid schemes are approved for six-month periods, whether they concern recapitalisation, loan guarantees or treatment of impaired assets, to be able to re-assess the situation according to the evolution of the financial markets. In any event, the limitation is without prejudice to the existence of the fund, which is established under Greek law until 2017.
The objective of the Fund is to safeguard the stability of the Greek banking system when capital is not available through normal, generally private, solutions. It will provide equity capital to credit institutions by acquiring preference shares and, under certain conditions, common shares in respective banks. In case of preference shares, the scheme requires a remuneration of 10 % of the shares and insists on several behavioural restrictions such as a dividend and a coupon ban. Moreover, in principle all banks benefitting from the fund will need to present a restructuring plan to the Commission.
The measure is compatible with Article 107(3) (b) of the Treaty on the Functioning of the EU, which allows state aid to remedy a serious disturbance in the economy. It is also in line with the Commission's Recapitalisation Communication. To this end, the conditions for the recapitalisations under the Fund are aligned with the current Greek recapitalisation scheme and consistent with the other recapitalisation schemes in other Member States.
tommy271
Forumer storico
Papariga at KNE festival
Communist Party of Greece (KKE) General Secretary Aleka Papariga urged working-class people to join in fighting the dominant policies by casting their vote for KKE in the upcoming local government elections. She was speaking at the 36th KNE-Odigitis festival organised in Patras by KKE's youth group KNE.
"We communist men and women don't make do with cries, propaganda lines and melodramatic descriptions of the major problems of the working people. We don't waste our energy on blind rage. We want to contribute so that people take their fate into their own hands, overcome doubts and fears and even prejudices that are built in from the earliest years in school, so that they realise and use their indestructible, live-giving, revolutionary strength".
"Our goal is not to describe reality...it is to overthrow, to reverse this reality and put people on the path to social, popular prosperity," she added.
KKE's leader also warned against abstention as a political message in the upcoming elections, stressing that this was a message that anyone could construe as they wished.
According to Papariga, abstention was seen as giving up, inability to adopt a position, avoidance and pointless revenge.
"Not only does it not punish, quite the opposite, it promotes a dangerous neutrality and prepares the ground even better for new policies against the working classes and the people.
(Ana.gr)
Communist Party of Greece (KKE) General Secretary Aleka Papariga urged working-class people to join in fighting the dominant policies by casting their vote for KKE in the upcoming local government elections. She was speaking at the 36th KNE-Odigitis festival organised in Patras by KKE's youth group KNE.
"We communist men and women don't make do with cries, propaganda lines and melodramatic descriptions of the major problems of the working people. We don't waste our energy on blind rage. We want to contribute so that people take their fate into their own hands, overcome doubts and fears and even prejudices that are built in from the earliest years in school, so that they realise and use their indestructible, live-giving, revolutionary strength".
"Our goal is not to describe reality...it is to overthrow, to reverse this reality and put people on the path to social, popular prosperity," she added.
KKE's leader also warned against abstention as a political message in the upcoming elections, stressing that this was a message that anyone could construe as they wished.
According to Papariga, abstention was seen as giving up, inability to adopt a position, avoidance and pointless revenge.
"Not only does it not punish, quite the opposite, it promotes a dangerous neutrality and prepares the ground even better for new policies against the working classes and the people.
(Ana.gr)
tommy271
Forumer storico
Greek Gov't Due to Reshuffle ahead of Local Elections
2010-09-05 21:29:49 Xinhua Web Editor: Sun Yang
A government reshuffle is expected over the next few days in Greece, as the ruling socialist PASOK party announced on Sunday some of its candidates for the November local and regional elections, among them members of the cabinet.
Current Deputy Minister of Economy, Shipping and Competitiveness Markos Bolaris will be the party's candidate for the post of the head of the Central Macedonia region in northern Greece, a choice which paves the way for a central government reshuffle.
Former Citizen Solicitor George Kaminis will contest the mayorship of the City of Athens against the current mayor Nikitas Kaklamanis.
"We will win the test of local elections. We see no dilemma over cutting ties with mistakes of the past," said Greek Prime Minister George Papandreou, addressing the National Council of PASOK on Sunday at the end of the pre-election gathering in Athens.
Greek analysts note that the November elections will be a short of first test of the government's policies, especially this May's deal with the European Union and International Monetary Fund for the financial assistance of the debt-ridden country to overcome a severe financial crisis in exchange of painful austerity measures.
According to the latest opinion poll printed on Sunday by the Greek newspaper "Real News," PASOK leads the main opposition centre-right New Democracy party by 7.1 percent of votes. PASOK receives a 27.1 percent of votes, while New Democracy 20 percent. The survey was conducted last week with the participation of 1,503 people.
2010-09-05 21:29:49 Xinhua Web Editor: Sun Yang
A government reshuffle is expected over the next few days in Greece, as the ruling socialist PASOK party announced on Sunday some of its candidates for the November local and regional elections, among them members of the cabinet.
Current Deputy Minister of Economy, Shipping and Competitiveness Markos Bolaris will be the party's candidate for the post of the head of the Central Macedonia region in northern Greece, a choice which paves the way for a central government reshuffle.
Former Citizen Solicitor George Kaminis will contest the mayorship of the City of Athens against the current mayor Nikitas Kaklamanis.
"We will win the test of local elections. We see no dilemma over cutting ties with mistakes of the past," said Greek Prime Minister George Papandreou, addressing the National Council of PASOK on Sunday at the end of the pre-election gathering in Athens.
Greek analysts note that the November elections will be a short of first test of the government's policies, especially this May's deal with the European Union and International Monetary Fund for the financial assistance of the debt-ridden country to overcome a severe financial crisis in exchange of painful austerity measures.
According to the latest opinion poll printed on Sunday by the Greek newspaper "Real News," PASOK leads the main opposition centre-right New Democracy party by 7.1 percent of votes. PASOK receives a 27.1 percent of votes, while New Democracy 20 percent. The survey was conducted last week with the participation of 1,503 people.
tommy271
Forumer storico
ND leader : We must condemn the Memorandum
Main opposition New Democracy leader Antonis Samaras urged citizens to use their vote in order to condemn the Memorandum signed with the EU-ECB-IMF for the bailout package for Greece during an interview with the newspaper "Ethnos" published on Sunday.
ND's leader warned that, should PASOK be able to present the result of the upcoming local government elections as a victory, then it would then feel free to go carry out even harsher measures.
"We are calling on people to react politically," Samaras said, stressing that PASOK's only fear was the people's reaction and that it must feel things strongly at the local government elections.
(Ana.gr)
Main opposition New Democracy leader Antonis Samaras urged citizens to use their vote in order to condemn the Memorandum signed with the EU-ECB-IMF for the bailout package for Greece during an interview with the newspaper "Ethnos" published on Sunday.
ND's leader warned that, should PASOK be able to present the result of the upcoming local government elections as a victory, then it would then feel free to go carry out even harsher measures.
"We are calling on people to react politically," Samaras said, stressing that PASOK's only fear was the people's reaction and that it must feel things strongly at the local government elections.
(Ana.gr)
tommy271
Forumer storico
Greece Is Seeking ΄Negotiators΄ For The MoU
The Prime Minister’s staff is elaborating on the idea of a possible review of the government΄s stance towards the current version of the "Memorandum of Understanding".
As business weekly ‘Kefalaio’ said on Saturday, G. Papandreou is seeking a person of international standing given the need of a ΄soft΄ renegotiation of the Memorandum, as its application shows signs of "fatigue" according to officials’ estimates.
Finance Minister George Papaconstantinou for the first time is adopting the term "fatigue" in his vocabulary while Prime Minister George Papandreou now appears more optimistic about the possibility of integrating Lucas Papademos in his team of advisers.
Still, everything will depend on the evaluation of the results of the third quarter and particularly the state of tax revenue, for which some Ministry of Finance departments seem doubtful on whether they can achieve them.
At the same time, cost cutting in the last quarter will lead to greater economic downturn, creating the conditions for a greater decline in 2011.
Eurostat In the meantime, maintain outstanding data for 2009 which will lead to a negative review and the 2010 figures, though in 2009 the worst recorded a deficit and debt, which despite the cuts continue to grow rapidly and reach in 145% of GDP in 2011.
In Tuesday’s ECOFIN, following the European Commission΄s recommendation the second tranche of the EUR110 bil. loan for Greece will be approved, but the accompanying evaluation document states that the implementation of fiscal adjustment in the second half will determine whether the debt chocked country will need "correction" measures or review of the entire package in 2011.
(Capital.gr)
The Prime Minister’s staff is elaborating on the idea of a possible review of the government΄s stance towards the current version of the "Memorandum of Understanding".
As business weekly ‘Kefalaio’ said on Saturday, G. Papandreou is seeking a person of international standing given the need of a ΄soft΄ renegotiation of the Memorandum, as its application shows signs of "fatigue" according to officials’ estimates.
Finance Minister George Papaconstantinou for the first time is adopting the term "fatigue" in his vocabulary while Prime Minister George Papandreou now appears more optimistic about the possibility of integrating Lucas Papademos in his team of advisers.
Still, everything will depend on the evaluation of the results of the third quarter and particularly the state of tax revenue, for which some Ministry of Finance departments seem doubtful on whether they can achieve them.
At the same time, cost cutting in the last quarter will lead to greater economic downturn, creating the conditions for a greater decline in 2011.
Eurostat In the meantime, maintain outstanding data for 2009 which will lead to a negative review and the 2010 figures, though in 2009 the worst recorded a deficit and debt, which despite the cuts continue to grow rapidly and reach in 145% of GDP in 2011.
In Tuesday’s ECOFIN, following the European Commission΄s recommendation the second tranche of the EUR110 bil. loan for Greece will be approved, but the accompanying evaluation document states that the implementation of fiscal adjustment in the second half will determine whether the debt chocked country will need "correction" measures or review of the entire package in 2011.
(Capital.gr)
tommy271
Forumer storico
Papademos Touted To Participate In Cabinet
The name of Lucas Papademos, until recently vice-president of the European Central Bank continues to be on the table concerning a possible reshuffle of the cabinet.
After last Tuesday’s meeting between Papandreou and Papademos when there were no official statements, sources indicate that the Prime Minister now appears more optimistic about the potential involvement of former Vice President of the ECB in his team of advisers.
While officially his name is not involved in such talks, yesterday, on the sidelines of PASOK’s, the ruling party, Council, there were scenarios that Papademos would take over the Ministry of Economy.
Still, many believe that Prime Minister George Papandreou is likely to proceed at this stage to limited changes in his cabinet, and to wait until regional elections in November to make structural changes.
(Capital.gr)
The name of Lucas Papademos, until recently vice-president of the European Central Bank continues to be on the table concerning a possible reshuffle of the cabinet.
After last Tuesday’s meeting between Papandreou and Papademos when there were no official statements, sources indicate that the Prime Minister now appears more optimistic about the potential involvement of former Vice President of the ECB in his team of advisers.
While officially his name is not involved in such talks, yesterday, on the sidelines of PASOK’s, the ruling party, Council, there were scenarios that Papademos would take over the Ministry of Economy.
Still, many believe that Prime Minister George Papandreou is likely to proceed at this stage to limited changes in his cabinet, and to wait until regional elections in November to make structural changes.
(Capital.gr)
- Stato