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

[tommy271]

Greece Must Speed Deficit Cutting Efforts, Central Bank Says

February 15, 2011, 4:36 AM EST


By Natalie Weeks


Feb. 15 (Bloomberg) -- Greece must speed up its deficit- reduction efforts and do more to shrink spending on the public sector in order to restore growth to an economy that may shrink more than 3 percent this year, the Bank of Greece said.
Greece’s economy probably contracted slightly more than 4 percent last year and unemployment rose to more than 12.5 percent, the Athens-based bank said in its 2010-2011 Monetary Report. Unemployment will rise further this year, while the inflation rate will fall to 2.2 percent, with core inflation under 1 percent, the report said.
Additional structural measures, to be presented by the government in March, will ensure the general government deficit is cut to less than 2.6 percent of gross domestic product in 2014, the central bank said.
Greek banks face “big and complicated challenges” in 2011 with an expected increase in non-performing loans and credit expansion seen stagnating or declining, the statement said. The central bank reiterated lenders should reduce their reliance on European Central Bank liquidity.

 

[tommy271]

I TITOLI DEI GIORNALI:

Economic issues and speculations of early general elections were the main front-page items in Athens' dailies on Tuesday.



ADESMEFTOS TYPOS: "No panic over the H1N1 flu, but vigilance".

AVGHI: "Theatrics over the 50 billion euros looting".

AVRIANI: "Who will get the kickbacks for the 50 billion euros from the sell-off of the public property"?

ELEFTHEROS: "Rage from PASOK cadres".

ELEFTHEROS TYPOS: "Papandreou putting 'for sale sign' on 598 Greek islets".

ELEFTHEROTYPIA: "We discussed it, we agreed".

ESTIA: "We are blinded by the popularism".

ETHNOS: "Life raft for the retirement superannuation in the public sector".

IMERISSIA: "Double message to the markets - The 50 billion euros package is realistic".

KATHIMERINI: "The agony over the state debt and the 50 billion euros".

LOGOS: "Government backed up against the wall due to the troika".

NAFTEMPORIKI: "The target remains for collecting the 50 billion euros".

NIKI: "The government's lost battle".

RIZOSPASTIS: "Organisation of the people - Counter-attack against the policy that is bringing the people to its knees".

TA NEA: "The 'bosses' (troika) insist: Find the 50 billion euros".

VRADYNI: "Everything about the sell-off and...Elections on the horizon".

(ana.gr)

 

[ferdo]

Tommy
puoi chiudere il 3ead e prenotare le vancanze ...
a fine aprile ci sarà la risalita finale
come affermato da autorevolissima fonte "di là"

PS finisce in capzgg

 

[tommy271]

Ancora una mattinata negativa sui nostri GGB in attesa del risultato dell'Asta Trimestrale.
Lo spread viaggia intorno agli 830 pb. mentre invece l'indice ASE alla Borsa di Atene segna 1634 punti con -0,49.

 

[tommy271]

Tommy
puoi chiudere il 3ead e prenotare le vancanze ...
a fine aprile ci sarà la risalita finale
come affermato da autorevolissima fonte "di là"

PS finisce in capzgg

Considerando che la riunione "cruciale" a livello europeo sarà verso la fine di marzo, non siamo troppo lontani ...

 

[tommy271]

Greece sells 390 mln eur T-bills, 13-week yield 3.85%


ATHENS | Tue Feb 15, 2011 5:12am EST



ATHENS Feb 15 (Reuters) - Greece's Public Debt Management Agency (PDMA) sold 390 million euros ($526.7 million) of 3-month T-bills on Tuesday, with the yield easing compared to a previous January auction.
The sale was covered 5.08 times with Greece paying a yield of 3.85 percent, down from 4.1 percent in a Jan. 18 auction, the debt agency said.
Foreigners bought more than 60 percent of the issue, PDMA chief Petros Christodoulou told Reuters.



***
Buon risultato ...

 

[Pyrinos]

Tommy
puoi chiudere il 3ead e prenotare le vancanze ...

Magari...
Se volete vi faccio da guida.

 

[tommy271]

EU leaders to meet in Finland on debt crisis



Tue Feb 15, 2011 4:44am EST



* Meeting latest in series of pre-summit gatherings
* Pressure grows for euro zone debt deal by end-March
* Electoral timetable means Finland needs earlier decision
(Adds details on Finland's election schedule)




BRUSSELS, Feb 15 (Reuters) - Finland will host a meeting of 14 European Union leaders, including Germany's Angela Merkel and France's Nicolas Sarkozy, in Helsinki on March 4 to help prepare a comprehensive response to the euro zone debt crisis.

The gathering is the latest in a growing diary of meetings between now and a full European Union summit on March 24/25, and suggests leaders are scrambling to convince financial markets that they can produce a package of measures to resolve the year-long debt crisis.

"I will host in Helsinki a special meeting of EPP prime ministers, which will focus on the preparation of the crucial euro zone summit of March 11," Finland's deputy prime minister and finance minister, Jyrki Katainen, said in a statement.

The 14 leaders are from Katainen's centre-right European People's Party, which is the largest and most influential European-level political party and is the largest group in the European Parliament.

The March 11 gathering in Brussels is supposed to pave the way for an agreement on March 24/25 on a package which should include changes to the euro zone's current rescue fund, agreeing on the details of a new rescue facility from 2013, and a package of reforms to boost euro zone competitiveness.

The March 11 summit will be followed by a meeting of euro zone finance ministers on March 14 and maybe another euro zone finance ministers' gathering on March 21.

Euro zone finance ministers agreed on Monday that a permanent rescue mechanism to be set up from 2013 would total 500 billion euros, but are waiting for EU leaders' guidance to agree changes to the existing bailout fund.

"No one's going to take great comfort from that because it doesn't address thing like the restructuring or the buybacks that will ultimately lead to a restructuring of Greek and Irish debt," said Charles Diebel, head of market strategy at Lloyds.

"It's almost like they felt they had to say something -- they're trying to show the world that they're still making progress."
Markets hammered Portuguese bonds last week due to concerns that Lisbon may need a bailout like Greece and Ireland. Its 10-year bond yields rose as high as 7.6 percent, a euro lifetime high and well above the 7 percent level which the country's finance minister has described as unsustainable.



FINNISH DEADLINE


Helsinki's backing is needed to sign off on the package of measures since any decision taken by the euro zone on the issue must be unanimous.

But Finland must also dissolve its parliament on March 15 ahead of an election on April 17, meaning the last opportunity the current government has to give its approval to the comprehensive package is March 11.

"Effectively, the deal has to be agreed on March 11 and then finalised with no changes on March 24/25, otherwise it is very difficult for Finland," a Finnish official said.

Germany, whose support as Europe's largest economy is essential to any deal, is reluctant to back an increase in the existing bailout fund unless other euro zone member states sign up to measures to cut spending and make their economies more competitive.

The EU and euro zone have been trying to get on top of the debt crisis for more than a year. The end of March has emerged as an unofficial deadline for resolving it.

Failure to strike a deal then would probably inflame financial markets again, analysts say.

******

Ue, meeting leader Ppe in Finlandia il 4 marzo su crisi debito

martedì 15 febbraio 2011 10:28


BRUXELLES, 15 febbraio (Reuters) - La Finlandia ha invitato quattordici leader europei, inclusa la tedesca Angela Merkel e il francese Nicolas Sarkozy, a Helsinki il 4 marzo per un incontro preparatorio sulle misure per la crisi del debito.

"Terrò a Helsinki un incontro speciale dei primi ministri del Partito popolare europeo che si concentrerà sulla preparazione dell'importante summit della zona euro l'11 marzo" ha annunciato in un comunicato Jyrki Katainen, vice premier e ministro delle Finanze finlandese.

I quattordici leader appartengono alla formazione di centro-destra Ppe, che è il gruppo più rappresentato all'interno del Parlamento Ue.

Il summit dell'11 marzo a Bruxelles dovrebbe aprire la strada per un accordo su un pacchetto completo di misure contro la crisi del debito. I leader Ue sperano di completare le misure entro il vertice europeo del 24-25 marzo.

 

[tommy271]

Magari...
Se volete vi faccio da guida.

Ciao Pyrinos, aspettiamo allora il percorso del "tour" ...

 

[tommy271]

Dopo l'Asta gli spread sono partiti come un razzo verso l'alto ... ora a 836 pb.