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

[tommy271]

Nowotny Says Easing of Bailout Terms Imaginable With Conditions

By Zoe Schneeweiss - Mar 9, 2011 9:00 AM GMT+0100


European Central Bank Governing Council member Ewald Nowotny said that he can imagine terms for Ireland and Greece to be loosenend, should conditions be fulfilled, according to an interview with Austrian state radio ORF.

“One has to discuss this in the bigger picture,” Nowotny told ORF. “That means, if you have the feeling that these countries are really making an effort, that structural changes are happening, that these problems won’t resurface again in two years, then it can make sense to adjust individual screws. Should this not be the case I don’t see any reason for changes.”

Should the conditions be fulfilled it is worth considering how to adjust to program to make it as “sure as possible that it will be successful,” he told the radio station.

(Bloomberg)

***
Sempre sulle dichiarazioni di oggi dell'austriaco Nowotny.

 

[Baro]

baro ciao ero in ferie sono tornato ieri dalla calabria ho seguito poco ho visto che hanno preso delle belle botte i nostri greci ma io tengo duro non un passo indrieto vediamo cosa decideranno a fine marzo intanto tra 10 giorno ci dovranno accreditare la cedola del 2024 poi si valutera' non credo che entro il 2011 ristruttureranno io ancora tengo ciao tommy e ciao a tutti

Bene, ti sento bello carico!! Anch'io tengo ma non incremento. Per addolcire appunto arriva la nostra cedolona, VIVA IL GGB 2024. Siamo tutti sulla stessa barca, ma no che dico, la nostra nave se hai letto i post indietro è stata battezzata Penelope e il nostro ammiraglio di prima classe è stato eletto a gran voce Tommy.

 

[tommy271]

I TITOLI DEI GIORNALI:

Prime minister George Papandreou's meetings with the opposition party leaders Tuesday to seek support on the economy ahead of two crucial eurogroup and EU summits and economic issues mainly dominated the front pages of Athens' dailies on Wednesday.



ADESMEFTOS TYPOS: "We finally saw a...white day - Snow throughout Greece".

AVGHI: "Carte blanche to Merkel".

AVRIANI: "Default and return to the drachma in order to punish all the foreign loan sharks who have bled us dry".

DIMOKRATIA: "Extraordinary contribution by self-employed professionals, real estate owners and others in order to increase the state's tax revenues".

ELEFTHEROS: "The trickster Papandreou with his tail between his legs in the meetings with the party leaders".

ELEFTHEROS TYPOS: "US-Merkel clash in Europe - Shadow Theater by Papandreou in Athens".

ELEFTHEROTYPIA: "Samaras (main opposition ND leader), Karatzaferis (LAOS leader) and Bakoyannis (Democratic Alliance leader) appeared 'consenting' towards Papandreou".

ESTIA: "Fundamental mistakes in the economy".

ETHNOS: "PM: No early elections, but battle for package solution in EU".

IMERISSIA: "US intercession for solution - Intense behind-the-scenes over the EU summit".

KATHIMERINI: "They (government and party leaders) agreed only on the self-evident''.

LOGOS: "He (prime minister) asked for backing, but...".

NAFTEMPORIKI: "New pressure in Europe for the stability measures".

NIKI: "He (prime minister) called for national unanimity".

RIZOSPASTIS: "No consensus on the rope with which they will hang the people".

TA NEA: "Obama plan for the Greek debt".

VRADYNI: "Greek light for hiring in the public sector".


(ana.gr)

 

[tommy271]

Gadhafi tells Greek PM west should not meddle in Libya

Papandreou tells Libyan leader that civil war and humanitarian crisis must be avoided

In a telephone conversation with Greek Prime Minister George Papandreou late on Tuesday, Libyan leader Colonel Moammar Gadhafi warned the West not to intervene in his country’s affairs as clashes between his forces and pro-democracy rebels intensify.

"Greece is a friend of Libya and can pass on this piece of advice to the European Union,» Jana news agency quoted Gadhafi as telling Papandreou, according to Agence France-Presse.

Gadhafi, who made the call to Papandreou, apparently warned that “any violation of Libya's security or stability would necessarily have dire consequences for the security in north Africa, the Mediterranean rim and Europe”.

Papandreou reportedly reminded the Libyan leader of the significance of the recent United Nations Security Council resolution which imposed sanctions on the north African country and referred events to the International Criminal Court amid fears of indiscriminate killings as security forces attempt to re-establish control.

The Greek premier is said to have stressed the need to resolve the situation in Libya to avoid a worsening humanitarian crisis or a possible civil war.

Ghadafi’s warning came as NATO and European Union official are to meet in Brussels on Thursday and Friday to discuss the upheaval in the north African country.

Papandreou’s father, Andreas, established close links with Ghadafi and other north African leaders during his time as prime minister in the 1980s.

Greece traditionally maintains good relations with the Arab world and Papandreou recently planned a trip to Egypt for talks with Hosni Mubarak shortly before he stood down. The trip was cancelled at the last minute.

ekathimerini.com , Wednesday March 9, 2011 (10:31)

 

[tommy271]

Budget revenues post serious shortfall

By Prokopis Hatzinikolaou




Net budget revenues have already drifted off course after the first couple of months of the year, with the shortfall exceeding 870 million euros after the February goal was missed by 595 million.

Compared with the first two months of 2010, revenues declined this year by 9.2 percent.

Finance Ministry officials embarked on a series of meetings yesterday morning in order to establish the causes for the lagging state revenues and to take initiatives for their rebound.

It appears that the revenue problems arose due to poor calculations by the Finance Ministry while drafting the budget, a reduction in checks and the go-slow tactics of some tax officers in protest at recent salary cuts.

In contrast, there was a 7.1 percent increase in revenues from value-added tax in the first two months of the year compared with the same period in 2010, although for February alone there was a 1.8 percent drop from the same month last year.

The rise is due to the increase in VAT rates as well as the fact that companies are beginning to pay their dues, apparently prompted by a change in the law that makes not paying VAT a crime for which suspected offenders can be tried and sentenced straight away.

A ministry official suggested that state revenues can only stay afloat through VAT receipts; evasion in this domain has been rampant, while certain enterprises use VAT in order to pay off some of their other obligations. This is why the ministry allows enterprises to pay their VAT dues in installments.

There are, however, other miscalculations as revenues of up to 1 billion euros have been included in the budget that are highly unlikely to get into the state coffers by the end of the year, as in the case of the Single Property Tax of 2009 that is yet to be calculated and cashed in.

ekathimerini.com , Tuesday March 8, 2011 (21:19)

***
Sul fronte della riscossione la situazione è arretrata, ci vorrà del tempo e sforzi ulteriori.

 

[tommy271]

Yields surge ahead of EU summit



Bonds extend losses before meeting on debt plan; Austria opposes easing conditions to Greece

Greek 10-year bond yields and credit default swaps surged to a record high on Tuesday as borrowing costs increased at a government debt sale ahead of a European leaders meeting this week aimed at containing the sovereign debt crisis.

Greek bond losses extended declines to a ninth day after the nation’s credit rating was cut by Moody’s on Monday.

“There is quite a lot of peripheral supply that needs to be digested and apparently we’re struggling to find more buying interest at these levels,” Marcel Bross, a fixed-income strategist at Frankfurt-based Commerzbank, told Bloomberg. “We have these important meetings coming up where we see some potential for disappointment.”

The yield on 10-year Greek bonds jumped as much as 50 basis points to 12.83 percent, the most since 1988, with the increase in yields the biggest since late October. The extra yield investors demand to hold the securities instead of German bunds widened to as much as 956 basis points, the most since January 10.

Credit default swaps insuring Greek government bonds rose five basis points to an all-time high 1,037 basis points, meaning it costs $1.04 million annually to insure $10 million of debt for five years.

Greece sold 1.6 billion euros of six-month T-bills on Tuesday at an average yield of 4.75 percent, up from 4.64 percent previously, debt agency PDMA said.

Investors bid for 3.59 times the securities offered, down from 4.54 times at the earlier sale, with foreigners snapping up nearly a third of the issue, according to PDMA sources.

Along with Portuguese and Irish bonds, Greek paper is sliding before Friday’s meetings of policymakers culminating in a summit of European Union nations on March 24-25 that is intended to approve a package of measures designed to calm the region’s bond markets.

Austrian Chancellor Werner Faymann told reporters in Vienna on Tuesday that the nation opposes easing the conditions of Ireland and Greece’s bailouts. Faymann said that he’s “against changing the existing agreements” for Greece and Ireland, which last year received emergency rescue packages totaling 195 billion euros.

Separately, the International Monetary Fund said in Washington that it’s confident the emergency bailout program for Greece will succeed, despite the Moody’s downgrade.

“We are confident that Greece will succeed, that the Greek debt is sustainable, and that our program will be successful,” said Antonio Borges, head of the IMF’s European Department, told Dow Jones in Washington late on Monday.

“This is not the first one, and probably not the last one,” he said of Greece’s downgrade.

ekathimerini.com , Tuesday March 8, 2011 (18:59)

***
La pesante giornata di ieri e i riflessi sui nostri titoli.

 

[tommy271]

Oggi la Borsa di Atene apre le contrattazioni segnando un timido +0,51 con l'indice ASE a 1533 punti.

I nostri spread viaggiano intorno a 968 pb., ad un passo dalla soglia psicologica dei 1000 pb., vicini ai minimi storici.

Nel giro di poche settimane siamo passati dai minimi del periodo dei 750 pb. agli attuali. Movimenti "tipici" dei titoli junk ...

 

[giub]

Più che una "recessione secolare" io vedo una "giapponesizzazione" delle nostre economie. Almeno per ancora qualche anno.
Non mi pare che siamo arrivati ancora al 200% di deficit/Pil del Sol Levante, pur dando atto della diversa capacità dell'economia da export.

I debiti europei, presi nel loro insieme, sono ai livelli più bassi in assoluto tra i paesi sviluppati.
Vai a vederti i dati USA.

Il problema è che i debiti europei non possono essere presi nel loro insieme. Il Giappone e gli USA sono stati. L'Europa è un mercato. Ogni politico deve rispondere al suo elettorato. All'opinione pubblica tedesca non frega niente di salvare la Grecia e della crisi sociale che si genererebbe. Anzi, penso che assisterebbero con gusto e soddisfazione alla giusta punizione degli indisciplinati "terroni"...che pensano solo a ballare il sirtaki e a prendere il sole mentre loro sgobbano. E con ancora più soddifazione assisterebbero al collasso dell'Italia...
Vai a raccontare ad un tedesco che devono prendere i debiti europei nel loro "insieme"....

 

[Jessica.]

Mercoledì 09 Marzo 2011 09:41 Nessun sostanziale mutamento per i Cds che si muovono sui livelli di ieri. Il clou della giornata, comunque, sarà l'asta dei titoli portoghesi il cui esito e' atteso alle 11.30

fonte cmavision.com

 

[azetaelle]

Bene, ti sento bello carico!! Anch'io tengo ma non incremento. Per addolcire appunto arriva la nostra cedolona, VIVA IL GGB 2024. Siamo tutti sulla stessa barca, ma no che dico, la nostra nave se hai letto i post indietro è stata battezzata Penelope e il nostro ammiraglio di prima classe è stato eletto a gran voce Tommy.

...consiglierei più Ulisse come ammiraglio...e speriamo prima o poi ci riporti a Itaca...