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

[tommy271]

Qui potete trovare un'ampia disamina sui diaspora-bond.
E' un progetto che ogni tanto ritorna, probabilmente se ne farà qualcosa nel 2011:

Greece Selling Diaspora Bonds Mimics Israel in Looking Overseas - BusinessWeek

 

[tommy271]

Only solution for Greece is to leave the eurozone-Roubini

http://www.addthis.com/bookmark.php...=dViBb5JEHw3FfMMdPUP8hf0b7QDxM&region=us&tt=0 http://www.addthis.com/bookmark.php...=dViBb5JEHw3FfMMdPUP8hf0b7QDxM&region=us&tt=0 http://www.addthis.com/bookmark.php...=dViBb5JEHw3FfMMdPUP8hf0b7QDxM&region=us&tt=0

Greek Reporter - 09.12.2010


Nouriel Roubini, professor of economics at the New York University and consultant at the US Congress estimated that the only solution for the restoration of the Greek economy is the devaluation of its currency, which means leaving the euro zone and going back to the drachma. However, he explained that this is not feasible since it presupposes withdrawal from the EU, and pointed out that in such an eventuality, the devaluation of the currency would rise to 50%..
The famous economist, considered that no matter how the budget harmonisation in Greece will be correctly made, the country will not solve the huge state debt problem.

***
Sempre Roubini.

 

[tommy271]

Rehn in Athens on Thursday

BRUSSELS (ANA-MPA - V. Demiris) European Commissioner for economic and monetary affairs Olli Rehn is due in Athens on Thursday, where he will have a succession of meetings with Greek Prime Minister George Papandreou, Finance Minister George Papaconstantinou, Bank of Greece governor George Provopoulos and the board chairman of the Financial Stability Fund Panagiotis Thomopoulos.

During Wednesday's press briefing in Brussels, Commission spokesman Olivier Bailly said that Rehn's talks in Athens will focus on the effort for financial stabilisation, structural reforms and ways to bring about the recovery of the Greek economy.

Bailly also referred to a visit to Athens on Friday by European Commissioner for regional policy Johannes Hahn, who is to meet Papandreou and members of the government and attend a conference on regional policy with Greece's newly-elected local government officials that take over in January.


(ana.gr)

 

[tommy271]

EU's Rehn says Europe needs coordinated action





ATHENS | Thu Dec 9, 2010 2:50am EST



ATHENS Dec 9 (Reuters) - The euro zone needs coordinated action to resolve its debt crisis, EU Economics and Monetary Affairs Commissioner Olli Rehn said on Thursday.
"We have to take well-coordinated action to safeguard stability in the euro area. The current situation is not a crisis of the euro, Greece is not the only country facing major challenges," Rehn said in a speech in Athens.
Bickering among European Union leaders escalated on Wednesday over a proposal for joint euro zone bonds to overcome the bloc's debt crisis, with Germany saying it opposed the idea on legal and economic grounds.

 

[METHOS]

Only solution for Greece is to leave the eurozone-Roubini



Greek Reporter - 09.12.2010


Nouriel Roubini, professor of economics at the New York University and consultant at the US Congress estimated that the only solution for the restoration of the Greek economy is the devaluation of its currency, which means leaving the euro zone and going back to the drachma. However, he explained that this is not feasible since it presupposes withdrawal from the EU, and pointed out that in such an eventuality, the devaluation of the currency would rise to 50%..
The famous economist, considered that no matter how the budget harmonisation in Greece will be correctly made, the country will not solve the huge state debt problem.

***
Sempre Roubini.

Sinceramente Roubini mi ha stancato. Perchè non si concentra sul default mascherato delle principali bancche e assicurazioni USA tenute in piedi solo dalla creazione dal nulla di dollari? Ne avrebbe da analizzare lì sopra, invece da un pò non dice più nulla.
Se la BCE seguisse la strada della FED e creasse 2 o 3 trilioni avremmo un euro più debole e quindi buono per le esportazioni e nessun default.
E l'inflazione? Quella c'è l'abbiamo già solo che non si dice...

 

[tommy271]

Greek finmin: euro zone will come out of crisis stronger


ATHENS | Thu Dec 9, 2010 3:14am EST



ATHENS Dec 9 (Reuters) - The euro zone will emerge stronger from its debt crisis, Greece's finance minister said on Thursday.

"I'm convinced that the euro zone will come out of this adventure stronger than ever despite delayed reactions," George Papaconstantinou told a conference.

Bickering among European Union leaders escalated on Wednesday over a proposal for joint euro zone bonds to overcome the bloc's debt crisis, with Germany saying it opposed the idea on legal and economic grounds.

 

[tommy271]

EU taking 'positive look' at Greek extension

Dec 9, 2010 9:29 AM GMT+0100 Thu Dec 09 08:29:07 GMT 2010
By The Associated Press


VOULIAGMENI, Greece (AP) — Top EU economic official Olli Rehn says the bloc is taking a "positive look" at extending the repayment period of bailout loans that saved the country from default.

Greece is in negotiations to get more time to repay loans worth up to euro110 billion ($145 billion) from the European Union and International Monetary Fund. EU governments had earlier said they were considering pushing back the start of repayments by 4 1/2 years from the current 3 years.

Rehn on Thursday expressed "sincere admiration" at the progress of Greek financial reforms, and says a longer repayment period would add "stability and confidence" to Greece's reforms.

On Tuesday, IMF managing director Dominique Strauss-Kahn said he supported the extension without imposing additional demands for economic austerity.

 

[tommy271]

Export-friendly plan announced




ANA-MPA/Less than 1/5 of the large export businesses are engaged in exporting activity that exceeds 50 pct of their turnover, Regional Development and Competitiveness Minister Mihalis Chryssohoidis stressed on Wednesday.


He underlined that "we barely utilise the rise recorded in world trade considering that exports correspond to just 8.7 pct of the GDP whereas in Spain are higher than 16 pct, while in Portugal and Holland are over 20 pct and 50 pct respectively.


The extroversion plan includes the adoption of a national brand and the reorganization of agencies such as, the Hellenic Foreign Trade Board (HEPO) and the Export Credit Insurance Organization (ECIO) to acquire new roles and cooperate with the Greek National Tourism Organization (GNTO) and Invest in Greece to guarantee an overall improvement of Greece's image abroad, Chryssohoidis stated.


(ana.gr)

 

[tommy271]

PM to chair Cabinet meeting on labour relations




ANA-MPA/The Cabinet, chaired by prime minister George Papandreou, is slated to approve a handful of crucial bills on Thursday for tabling in parliament. The Cabinet will discuss changes to labour relations and individual employment contracts, cost-cutting in the public utilities and organisations (DEKO), tax regulations in the real estate market and VAT.


The Cabinet will discuss a regional development and competitiveness ministry draft law on "Boosting Private Investments for Economic Growth, Entrepreneurship and Regional Cohesion" to be unveiled by minister Michalis Chryssohoidis, a bill on "Urgent Measures for Implementation of the Support Program for the Greek Economy" to be introduced jointly by finance minister George Papaconstantinou and employment and social security minister Louka Katseli, a bill on "Postal Services, Electronic Communication and other provisions" to be unveiled by infrastructures, transports and networks minister Dimitris Reppas, and a bill on "Establishing an Agency for the Exploration and Exploitation of Hydrocarbons" to be introduced by environment, energy and climate change minister Tina Birbili.


(ana.gr)

 

[tommy271]

I TITOLI DEI GIORNALI:

Changes in labor relations in the public utilities and organisations (DEKO) and taxation and speculation of restructuring of Greece's debt were the main front-page items in Athens' dailies on Thursday.

ADESMEFTOS TYPOS: "New salary scale in OSE (Hellenic Rail Organisation) - Pilot for all the DEKO".
AVGHI: "Razing of salaries, no restrictions on layoffs".
AVRIANI: "Return to the drachma and renegotiation of the state debt".
ELEFTHEROS: "Salaries to be 'shaved'."
ELEFTHEROS TYPOS: "Razing of salaries in the private sector".
ELEFTHEROTYPIA: "Upsets in labor - Omnibus bill changes remuneration, contracts, services, job positions".
ESTIA: "The Memorandum an alibi for the government".
ETHNOS: "Heavy cuts (in DEKO employees' remuneration, otherwise shutdown or sale".
IMERISSIA: "National Bank sees 'light' at end of tunnel".
KATHIMERINI: "All the fronts opening up".
LOGOS: "40 percent reduction in remuneration in the DEKO".
NAFTEMPORIKI: "Road opens for reductions in remuneration".
NIKI: "Creation of brand-name for Greek products".
RIZOSPASTIS: "Government abolishing the collective labor agreements - Everyone show up at today's demonstrations".
TA NEA: "Christmas bonus - Who and how much they will (not) receive".
VRADYNI: "Fear sending people to early retirement".


(ana.gr)