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

[giub]

A tre giorni di distanza dal vertice UE, i toni euforici sui corsi dei nostri titoli, sono alquanto smorzati; la giornata odierna, che ha visto le borse di tutti i continenti, veleggiare in triplo panico, ha riportato le vendite anche sulle obbigazioni elleniche, che chiudono in deciso ribasso...
Il sentiment rimane comunque positivo, rimandiamo la festa...di qualche giorno....

eh caro oplite...si vede che sei giovane (nuovo) ....come ci ricorda spesso il nostro Erodoto (Tommy)...... mai abbandonarsi all'euforia.... ormai siamo avvezzi a queste false partenze......dovresti anche ricordare che la vittoria sull'esercito persiano di Dario non fu facile....ma anche dopo la sconfitta di Efeso...i GGBesti non mollarono!

 

[tommy271]

Papandreou turns fire on New Democracy

Speaking to PASOK MPs, PM accuses opposition of failings

Following the high-stakes political bargaining in Brussels and other European capitals in recent days, Prime Minister George Papandreou turned his focus on Tuesday to the domestic scene with a thunderous attack on New Democracy ahead of a debate in Parliament on Wednesday on the latest economic developments.

Speaking at a meeting of PASOK MPs and buoyed by the weekend agreement among eurozone leaders for the terms of Greece’s 110-billion-euro emergency loan package to be improved, Papandreou did not pull any punches in his criticism of the conservatives, who scorned the Brussels deal. “Nothing we gained in Brussels was gifted to us and we do not accept lessons in negotiating from those who ran away from the problems that they created,” he told deputies.

“They were borrowing in the name of the Greek people and before the bill was brought to the table, they got up and left, leaving those next in line to pay,” said Papandreou in reference to the previous New Democracy government.

The prime minister also accused the opposition party and its leader Antonis Samaras of giving mixed messages about their own stance on Greece’s economic challenges.

Commentators remarked that Papandreou’s speech received a much warmer reception from PASOK deputies than recent addresses he had made. The premier will be hoping for another positive performance in Parliament today when the House will hear from all the party leaders on the subject of the recent deal in Brussels as well as how Greece will continue on the road to economic recovery.

Samaras responded by suggesting that the government agreed to a “secret agenda” of new measures in order to convince eurozone leaders to improve Greece’s loan terms and that these would soon be unleashed on the Greek people.

Barbed comments were also exchanged between the two parties after PASOK secretary Michalis Karchimakis appeared to suggest that ND officials might have been responsible for a bogus e-mail that circulated last week purporting to be from a top banker with inside knowledge that Greece was going to default on March 25. Police sources told Kathimerini that the original e-mail appears to have been sent by a 45-year-old machinist from Crete to several blogs, one of which published it and then sent it to hundreds of other e-mail inboxes.

ekathimerini.com , Tuesday March 15, 2011 (23:45)

***
Sempre alta la tensione tra maggioranza e opposizione.

 

[tommy271]

Corruption down in Greece, report finds

Watchdog links drop to repercussions of financial debt crisis on household budgets

A joint report by the corruption watchdog Transparency International and polling firm Public Issue on Tuesday showed that incidents of graft in the public sector were down for the first time since 2007.

According to the report, which is based on a survey of more than 6,000 respondents, the percentage of Greek households that reported instances of corruption in the state or private sector last year fell to 10.4 percent from 13.4 percent in 2009.

Hospitals continued to top the list of the most corrupt institutions in the public sector while tax offices jumped ahead of town-planning offices. In the private sector, doctors and lawyers received the most bribes, according to the report.

The level of bribes respondents admitted to paying varied with the so-called “fakelakia” ranging from 150 to 7,500 euros for hospital patients awaiting surgery, between 300 and 15,000 euros for under-the-table payments to tax officials and from 200 to 9,000 euros for securing building permits from town-planning clerks.

Overall some 632 million euros was paid in bribes last year, down 155 million from 2009.

The head of Transparency International’s Athens office, Costas Bakouris, attributed the drop to the repercussions of the government’s austerity drive on household budgets. “It seems that the austerity measures have had repercussions on the fakelaki,” Bakouris told a press conference.

The extent of the problem of tax evasion in Greece is reflected in the findings of the report as tax offices and offices of the Social Security Foundation (IKA) figure high on the list of the most corrupt institutions, Bakouris said.

ekathimerini.com , Tuesday March 15, 2011 (22:44)

***
Una vera piaga ....

 

[tommy271]

FinMin: Investors eye privatisations


BRUSSELS (ANA-MPA) -- Foreign investors have already expressed an interest in the Greek privatisation programme state property development, according to Finance Minister George Papaconstantinou.

Speaking to the ANA-MPA on the sidelines of an ECOFIN council here, Papaconstantinou clarified that investors' interest has to do with state enterprises as well as the public real estate.

Asked about the sustainability of the Greek debt, Papaconstantinou noted that "we have always believed that the Greek debt is fully sustainable. European decisions help the sustainability and also bring relief to the markets, which have expressed some doubt about whether the actual repayment schedule and the cost of servicing the debt are too high. Both the extension of the maturities and the lowering of the interest rates are in the right direction".

(ana.gr)

 

[tommy271]

Ieri battuta d'arresto sui nostri GGB, pesano molto i condizionamenti internazionali che hanno fatto arretrare le Borse di tutto il mondo.
La situazione in Giappone e la precaria stabilità di alcuni paesi arabi suggeriscono cautela.
Oggi primo rimbalzo tecnico a Tokio dopo due sedute pesantemente negative.
Il livello di dibattito sulle questioni UE/EFSF procede in vista della riunione di fine mese. Al momento nessuna novità da registrare.
Allargano, rispetto al Bund, tutto il gruppone dei Periferici in movimento omogeneo e similare.

Grecia 933 pb. (917)
Irlanda 642 pb. (628)
Portogallo 444 pb. (437)
Spagna 210 pb. (205)
Italia 158 pb. (155)
Belgio 96 pb. (93)

 

[AAAA47]

Portogallo: Moody's taglia rating di due livelli a A3, outlook negativo Finanzaonline.com - 16.3.11/08:14
La scure di Moody's continua ad abbattersi sui Paesi periferici dell'Europa. L'agenzia di rating statunitense ha tagliato il giudizio sul Portogallo di due gradini, portandolo a A3 dal precedente A1, con outlook negativo. La mossa è dovuta prospettive di crescita più deboli, difficoltà nel raggiungere gli obiettivi di riduzione del debito e una possibile necessità di ricapitalizzare le banche.

 

[tommy271]

Bond euro, Bund in calo su rialzo borsa Giappone

mercoledì 16 marzo 2011 09:04






LONDRA, 16 marzo (Reuters) - I titoli di stato tedeschi
hanno aperto nel segno della debolezza con il rimbalzo della
borsa di Tokyo che indebolisce i titoli rifugio. D'altra parte,
però, la crisi nucleare costituisce un sostegno ai Bund e
concorre a mantenere il tasso del decennale vicino ai minimi del
mese.

La Borsa di Tokyo ha chiuso in netto rialzo la sessione
odierna, dopo il forte calo di ieri, con l'indice Nikkei .N225
che sale del 5,68% a 9.093 punti.

"Il Nikkei ha visto un leggero rimbalzo e la Federal Reserve
è stata leggermente più ottimistica e questo sta mettendo in
ombra le tensioni mediorientali e il downgrade portoghese" ha
detto un trader.

Sotto la lente saranno oggi anche i periferici, dopo che
Moody's ha abbassato di due gradini ad A3 da A1 il rating sul
debito portoghese e avvertito che ulteriori riduzioni del merito
di credito sono possibili a causa dell'impatto dell'aumento dei
costi di finanziamento e delle difficoltà portoghesi a
raggiungere gli obiettivi di bilancio.

 

[tommy271]

Liquidity Support to Continue For Greek Banks, Kathimerini Says

By Marcus Bensasson - Mar 16, 2011 9:00 AM GMT+0100 Wed Mar 16 08:00:52 GMT 2011

Greece’s central bank ruled out the possibility of the country’s commercial lenders buying back preference shares held by the state any time soon, Kathimerini reported today, without saying where it got the information.
Bank of Greece decided that under the current financial climate, the country’s lenders aren’t ready for the withdrawal of the liquidity support package agreed in May, the Athens-based newspaper said.
The largest stakes held by the state are in EFG Eurobank Ergasias SA (EUROB) and Alpha Bank SA, each with 950 million euros ($1.3 billion), with the government also holding shares in another seven lenders, Kathimerini said.



(Bloomberg)

 

[frmaoro]

ESEG Buy MOT HELLENIC REP 26 5.3 EUR 17000 62 16/03/11 09:46:47 17000 62,00

 

[tommy271]

Europe's AAA-Rated Economies Can't Keep Financing Debt Bill, Halonen Says

By Kati Pohjanpalo - Mar 16, 2011 8:58 AM GMT+0100 Wed Mar 16 07:58:08 GMT 2011



Europe’s top-rated economies like Germany and Finland need to stop paying for the fiscal sins of the euro region’s weakest members if the bloc is ever to have a “fair system,” Finnish President Tarja Halonen said.
“The good girls, like Finland and Germany, they are not the payers for the future,” Halonen, 67, said yesterday in New York in an interview with Bloomberg Television’s Andrea Catherwood. “European citizens expect that there will be also a fair system inside the European Union and in the euro, and that’s why we have to have quite hard discipline.”

Finland, one of the single currency area’s six AAA rated members, has seen anti-euro sentiment swell as polls indicate taxpayers in the Nordic country are tired of supporting governments that have overspent. Though Europe’s leaders on March 12 agreed to boost the region’s bailout facility, they remain divided on how to do so in practice. Finnish Prime Minister Mari Kiviniemi said March 9 her government wants the euro area to target stricter economic goals rather than allow “joint liability.”
“We are ready to protect the euro,” Halonen, Finland’s first female president, said in the interview. Still, “everybody has to look after their own economy and follow the rules,” she said.


Debt Costs

Finland pays 19 basis points more than Germany to borrow for 10 years, the smallest yield premium in the euro area. Greece’s premium is about 915, while Ireland’s is 613. Portugal’s spread has climbed to more than 414, up from 370 at the start of the year.
Portugal’s debt rating was cut two steps by Moody’s Investors Service yesterday to A3 amid a weaker economic outlook and a possible need to recapitalize its banks, the agency said.
Euro area leaders broadened the size and scope of their 440 billion-euro ($614 billion) bailout fund and eased the terms of Greek rescue loans. They resisted calls to buy bonds in the open market or finance buybacks. The European Financial Stability Facility will be able to spend its full capacity and buy bonds directly from governments.
Finland’s opposition bloc yesterday passed a motion of no confidence against the government for agreeing to the measures, though the motion wasn’t upheld in parliament.


True Finns

Finland’s opposition to having the euro area’s top-rated members support its most indebted nations has grown as the Nordic country faces parliamentary elections on April 17. Backing for the anti-euro True Finns party has soared, making it the country’s fastest-growing movement, with opinion-poll support to rival the biggest opposition party. Voters are rallying to its argument that Europe shouldn’t have rescued Greece or Ireland, and that Finland should veto more cash for the bailout fund.
Kiviniemi has said she may be willing to work with the True Finns after the election. The party has about 18 percent backing, according to a Feb. 17 Helsingin Sanomat poll.
Finland managed last year and the year before to keep its budget deficit within the 3 percent threshold of gross domestic product required by the EU even as its economy contracted 8.2 percent in 2009, the biggest drop since the 1918 Civil War. The euro area, by comparison, had an average deficit of 6.3 percent last year, the European Commission estimated on Nov. 29.


All Options

Europe faces an end-of-month deadline to work out the fine print of its weekend agreement. Luxembourg Prime Minister Jean- Claude Juncker told reporters in Brussels this week the most likely way of getting the full firepower out of the EFSF, now constrained by collateral rules, would be for each country to increase its guarantee.
Finland wants to consider all options before deciding on such a step, Finance Minister Jyrki Katainen told state-owned broadcaster YLE yesterday. Other options could include lowering the facility’s AAA credit rating or increasing capital available to the fund, Katainen said.
“It’s much better to defend the system we have worked with than to try to establish something new,” Halonen said. “We will put more and more attention so that the system is transparent and based on confidence.”



(Bloomberg)