Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1 (6 lettori)
- Creatore Discussione Imark
- Data di Inizio
- Stato
tommy271
Forumer storico
Credo, appunto, che le ondate speculative - iniziate la scorsa settimana - partano proprio da questo punto, come dicevo ieri con Grisù.
Il Piano di Privatizzazioni era in cantiere da diverso tempo ma certe questioni (tipo la Golden share) devono ancora essere chiarite.
La pressione di questi giorni va diritto dentro la discussione.
E' un discorso molto dietrologico, personalmente sono discorsi che non mi piacciono, ma devo constatare il timing temporale.
tommy271
Forumer storico
Final Version of “Single Payroll” Remains A Wildcard
Greek Finance Minister admitted on Wednesday that “single payroll” is not included in the €26b package, as the current scenario does not provide any fiscal advantages.
Sources note that it would be the alternative if IMF/EU/ECB representatives find that government’s interventions are not enough or 2011 deficit requires measures worth more than €3b.
The long and secreted report about single payroll, which is already prepared, includes several scenarios.
Government sources explain that it could provide wage cuts for those who receive many benefits and increases in salaries for low-paid employees, but it also could be really painful, providing savings of €4.5b.
Only the 1:5 rule for hiring (1 hire for 5 withdrawals) has been included in the package, along with the reduction in contractors hired by at least 10% a year and the establishment of part-time employment in the public sector.
It is estimated that the above measure would provide savings of €4b from 2009 till 2013. They could lead to the reduction of 130,000 employees and the cutting of wage costs by €1b.
The temporary report published in late February estimated that the total amount of civil servants would decrease to 633,381 from 761,317, while salary expenditure would fall to €16.34b from €19.12b.
Greek government hopes that troika will approve its medium-term plan without any major changes. Then, it will notify ADEDY, public’s biggest union, starting negotiations with a view to implement the single payroll in the summer.
It is considered certain the abolishment of hundreds of welfare benefits to offset the strengthening of some –few- such as family benefits and their integration in the basic salary, while changes are expected also regarding performance bonuses.
(capital.gr)
Greek Finance Minister admitted on Wednesday that “single payroll” is not included in the €26b package, as the current scenario does not provide any fiscal advantages.
Sources note that it would be the alternative if IMF/EU/ECB representatives find that government’s interventions are not enough or 2011 deficit requires measures worth more than €3b.
The long and secreted report about single payroll, which is already prepared, includes several scenarios.
Government sources explain that it could provide wage cuts for those who receive many benefits and increases in salaries for low-paid employees, but it also could be really painful, providing savings of €4.5b.
Only the 1:5 rule for hiring (1 hire for 5 withdrawals) has been included in the package, along with the reduction in contractors hired by at least 10% a year and the establishment of part-time employment in the public sector.
It is estimated that the above measure would provide savings of €4b from 2009 till 2013. They could lead to the reduction of 130,000 employees and the cutting of wage costs by €1b.
The temporary report published in late February estimated that the total amount of civil servants would decrease to 633,381 from 761,317, while salary expenditure would fall to €16.34b from €19.12b.
Greek government hopes that troika will approve its medium-term plan without any major changes. Then, it will notify ADEDY, public’s biggest union, starting negotiations with a view to implement the single payroll in the summer.
It is considered certain the abolishment of hundreds of welfare benefits to offset the strengthening of some –few- such as family benefits and their integration in the basic salary, while changes are expected also regarding performance bonuses.
(capital.gr)
tommy271
Forumer storico
Unemployment Rate To Return In Single-Digit Levels In 2025
Athens Chamber of Small and Medium sized Industries (BEA) said that according to data of the first quarter of 2011, 463 new enterprises have opened, while 864 shut down. This follows the announcement of unemployment rate, which exceeded 15% in January 2011, according to the Greek statistical authority.
Meanwhile, government plans to reduce the number of unemployment benefit payees, as the application of wealth criteria regards not only social policy benefits, but also contributory benefits. It is estimated that 7 out of 10 former employees join long0term unemployment, while unemployed aging 45-55 are in a difficult position.
Bank of Greece governor, Giorgos Provopoulos, referred to the major unemployment problem, noting that employment was reduced by 4% in the last quarter of 2010, indicating a loss of 180,000 jobs. The annual average decrease in employment (-2.7%) was smaller than the decline in GDP, leading to the decline of productivity (1.8%).
BoG governor’s forecasts for 2011 are equally bleak as he considers that recession will continue and unemployment will exceed 15%.
Athens Chamber’s data for the period January-March 2011 are indicative.
Enterprise shutdowns in the first quarter of 2010 recorded a rise of 4.6% compared with the first quarter of 2009, while the shutdowns in the first quarter of 2011 reached 16.5% compared with the corresponding period in 2010.
It is noteworthy that there is a decrease in new enterprises in the first quarter of 2010 compared with the first quarter of 2009, while a recovery is recorded in the first quarter of 2011, with an increase of 4.9% in new enterprises.
However, BEA believes that this could be attributed to the entrepreneurship created by unemployment, to selling of enterprises due to retirement and the strengthening of entrepreneurship of youth and foreigners.
Particularly alarming is shutdown of small industries, which had expertise and history in their area, said BEA.
Unemployed increased by 189,663 persons (a 33.4% rate of increase) compared with January 2010 and by 23,149 persons compared with December 2010 (a 3.2% rate of increase), according to ELSTAT.
Scientists sound the alarm, expecting a steady rise of unemployment in the coming months, despite the slight decline expected after April, because of seasonal employment. They estimate that unemployment in Greece would return to single digit levels in 2025, after reaching rates of 17% or even 20%!
Unemployment hits mainly young people, as unemployment among people aging 15-24 reached 37% in January 2011 (30.4% in January 2010), while regarding people aging 25-34, unemployment reached 21.3% (14.6% in January 2010). Unemployment among people aging 35-44 is 12.6% (9.7%).
The unprecedented explosion of unemployment is expected to continue, while the long-term unemployment people are estimated at about 70% of the total unemployment.
(capital.gr)
***
Recessione.
Athens Chamber of Small and Medium sized Industries (BEA) said that according to data of the first quarter of 2011, 463 new enterprises have opened, while 864 shut down. This follows the announcement of unemployment rate, which exceeded 15% in January 2011, according to the Greek statistical authority.
Meanwhile, government plans to reduce the number of unemployment benefit payees, as the application of wealth criteria regards not only social policy benefits, but also contributory benefits. It is estimated that 7 out of 10 former employees join long0term unemployment, while unemployed aging 45-55 are in a difficult position.
Bank of Greece governor, Giorgos Provopoulos, referred to the major unemployment problem, noting that employment was reduced by 4% in the last quarter of 2010, indicating a loss of 180,000 jobs. The annual average decrease in employment (-2.7%) was smaller than the decline in GDP, leading to the decline of productivity (1.8%).
BoG governor’s forecasts for 2011 are equally bleak as he considers that recession will continue and unemployment will exceed 15%.
Athens Chamber’s data for the period January-March 2011 are indicative.
Enterprise shutdowns in the first quarter of 2010 recorded a rise of 4.6% compared with the first quarter of 2009, while the shutdowns in the first quarter of 2011 reached 16.5% compared with the corresponding period in 2010.
It is noteworthy that there is a decrease in new enterprises in the first quarter of 2010 compared with the first quarter of 2009, while a recovery is recorded in the first quarter of 2011, with an increase of 4.9% in new enterprises.
However, BEA believes that this could be attributed to the entrepreneurship created by unemployment, to selling of enterprises due to retirement and the strengthening of entrepreneurship of youth and foreigners.
Particularly alarming is shutdown of small industries, which had expertise and history in their area, said BEA.
Unemployed increased by 189,663 persons (a 33.4% rate of increase) compared with January 2010 and by 23,149 persons compared with December 2010 (a 3.2% rate of increase), according to ELSTAT.
Scientists sound the alarm, expecting a steady rise of unemployment in the coming months, despite the slight decline expected after April, because of seasonal employment. They estimate that unemployment in Greece would return to single digit levels in 2025, after reaching rates of 17% or even 20%!
Unemployment hits mainly young people, as unemployment among people aging 15-24 reached 37% in January 2011 (30.4% in January 2010), while regarding people aging 25-34, unemployment reached 21.3% (14.6% in January 2010). Unemployment among people aging 35-44 is 12.6% (9.7%).
The unprecedented explosion of unemployment is expected to continue, while the long-term unemployment people are estimated at about 70% of the total unemployment.
(capital.gr)
***
Recessione.
pluto
$sell = PMC ++
Grecia prepara prestiti 'diaspora' entro trim3 - stampa
Reuters - 21/04/2011 11:41:26
ATENE, 21 aprile (Reuters) - La Grecia si prepara a offrire entro il terzo trimestre nuovi titoli del Tesoro da collocare presso la popolazione greca all'estero, i cosiddetti 'diaspora bond'.
Lo dice al quotidiano ellenico 'Imerisia' il vice alla Finanze Philippos Sachinidis, aggiungendo che la prima emissione sarà destinata ai residenti negli Stati Uniti.
Sui mercati finanziari si fanno intanto più insistenti le voci di una ristrutturazione del debito sovrano greco.
"Sono del parere che al più tardi nel terzo trimestre avremo proceduto alla prima emissione [di diaspora bond]" dice il numero due alle Finanze.
Atene ha annunciato il mese scorso di aver presentato alle autorità Usa autorizzazione al collocamento di 'diaspora bond' presso investitori al dettaglio per un importo massimo di 3 miliardi di dollari.
Oltre al sostegno trimestrale del pacchetto di aiuti Ue-Fmi, la Grecia si sta attualmente finanziando sul primario attraverso una raccolta a brevissimo con titoli a tre e sei mesi.
Secondo un sondaggio Reuters pubblicato ieri un'ampia maggioranza degli economisti scommette che Atene debba prima o poi procedere a una ristrutturazione del debito, pari a un totale di 327 miliardi di euro, anche se probabilmente non avverrà prima di almeno un anno.
"Credo si tratti di una discussione errata perché nasconde il problema reale - quello del deficit elevato che ci ha portato a questo punto" dice Sachinidis, secondo cui Atene non dà per scontato l'aiuto di Ue e Fondo monetario internazionale e continua a concentrarsi sull'applicazione delle riforme.
Una missione Ue e Fmi arriverà ad Atene all'inizio di maggio per fare il punto sui progressi nel programma di riforme e valutare se assegnare la prossima tranche degli aiuti pari a 12 miliardi.
Lo dice al quotidiano ellenico 'Imerisia' il vice alla Finanze Philippos Sachinidis, aggiungendo che la prima emissione sarà destinata ai residenti negli Stati Uniti.
Sui mercati finanziari si fanno intanto più insistenti le voci di una ristrutturazione del debito sovrano greco.
"Sono del parere che al più tardi nel terzo trimestre avremo proceduto alla prima emissione [di diaspora bond]" dice il numero due alle Finanze.
Atene ha annunciato il mese scorso di aver presentato alle autorità Usa autorizzazione al collocamento di 'diaspora bond' presso investitori al dettaglio per un importo massimo di 3 miliardi di dollari.
Oltre al sostegno trimestrale del pacchetto di aiuti Ue-Fmi, la Grecia si sta attualmente finanziando sul primario attraverso una raccolta a brevissimo con titoli a tre e sei mesi.
Secondo un sondaggio Reuters pubblicato ieri un'ampia maggioranza degli economisti scommette che Atene debba prima o poi procedere a una ristrutturazione del debito, pari a un totale di 327 miliardi di euro, anche se probabilmente non avverrà prima di almeno un anno.
"Credo si tratti di una discussione errata perché nasconde il problema reale - quello del deficit elevato che ci ha portato a questo punto" dice Sachinidis, secondo cui Atene non dà per scontato l'aiuto di Ue e Fondo monetario internazionale e continua a concentrarsi sull'applicazione delle riforme.
Una missione Ue e Fmi arriverà ad Atene all'inizio di maggio per fare il punto sui progressi nel programma di riforme e valutare se assegnare la prossima tranche degli aiuti pari a 12 miliardi.
sparviero7000
Forumer storico
Ristrutturazione debito Grecia molto improbabile nei prossimi mesi
Unione Europea e Fondo Monetario Internazionale hanno interesse a rinviare questa decisione
20 aprile 2011 ore 10:33
Anche oggi la ristrutturazione del debito della Grecia è uno dei temi caldi della giornata. Secondo gli analisti di Credit Suisse è molto improbabile che possa esserci una ristrutturazione del debito nei prossimi mesi.
Ristrutturazione debito greco
Credit Suisse infatti è convinta che sia l’Ue che l’Fmi abbiano tutto l’interesse a rinviare questa decisione, anche perchè nei prossimi mesi ci saranno alcuni stress test sulle banche spagnole. Secondo la Commissione Europea, il deficit primario della Grecia sarà eliminato entro il prossimo anno. La nuova ondata di privatizzazioni inoltre potrebbe fruttare ad Atene una cifra compresa tra 40 e 50 mld di euro.
Unione Europea e Fondo Monetario Internazionale hanno interesse a rinviare questa decisione
20 aprile 2011 ore 10:33
Anche oggi la ristrutturazione del debito della Grecia è uno dei temi caldi della giornata. Secondo gli analisti di Credit Suisse è molto improbabile che possa esserci una ristrutturazione del debito nei prossimi mesi.
Ristrutturazione debito greco
Credit Suisse infatti è convinta che sia l’Ue che l’Fmi abbiano tutto l’interesse a rinviare questa decisione, anche perchè nei prossimi mesi ci saranno alcuni stress test sulle banche spagnole. Secondo la Commissione Europea, il deficit primario della Grecia sarà eliminato entro il prossimo anno. La nuova ondata di privatizzazioni inoltre potrebbe fruttare ad Atene una cifra compresa tra 40 e 50 mld di euro.
IlPorcospino
Forumer storico
Qualcosa è cambiato sotto il sole: ora delle notizie sulla ristrutturazione del debito greco, portoghese e/o irlandese il cambio eurusd se ne frega.
Una delle due: o smettono di parlarne o ne tirano fuori di nuove più succulente.
Se invece continuano, diventa un tantino noioso in assenza di novità significative.
Una delle due: o smettono di parlarne o ne tirano fuori di nuove più succulente.
Se invece continuano, diventa un tantino noioso in assenza di novità significative.
tommy271
Forumer storico
Citi says no wrongdoing as Greeks probe debt email
By Lefteris Papadimas and Douwe Miedema
ATHENS/LONDON, April 21 | Thu Apr 21, 2011 6:20am EDT
ATHENS/LONDON, April 21 (Reuters) - Citigroup (C.N) said it and its employees had done nothing wrong as Greece launched a probe into market rumours about an imminent restructuring of sovereign debt, and that it was cooperating with authorities.
"We are cooperating with the authorities and do not consider there to have been any wrongdoing by Citi or its employees," Citi said in an emailed statement.
Greek officials said on Thursday that an investigation launched by a Greek prosecutor late on Wednesday was prompted by an e-mail sent by a Citigroup employee.
***
Gli untori ...
By Lefteris Papadimas and Douwe Miedema
ATHENS/LONDON, April 21 | Thu Apr 21, 2011 6:20am EDT
ATHENS/LONDON, April 21 (Reuters) - Citigroup (C.N) said it and its employees had done nothing wrong as Greece launched a probe into market rumours about an imminent restructuring of sovereign debt, and that it was cooperating with authorities.
"We are cooperating with the authorities and do not consider there to have been any wrongdoing by Citi or its employees," Citi said in an emailed statement.
Greek officials said on Thursday that an investigation launched by a Greek prosecutor late on Wednesday was prompted by an e-mail sent by a Citigroup employee.
***
Gli untori ...
tommy271
Forumer storico
Greek Stocks Move Upwards Amid Rumours
Athens market rises on Thursday since the opening of the trading, following yesterday’s heavy losses.
Banks also move upwards, with profits of up to 2.3%, while the biggest part of FTSE20 trades in positive territory, with Coca-Cola 3E gaining 4%. ATEbank and Eurobank record profits of more than 3.5%.
The investing sentiment is dramatically fragile to speculation, commented Eurobank in its morning report. It also notes that the market now trades a mere 3% above the 14-year lows seen on January 10, while news flow remains mixed at best.
“Yesterday΄s extended market talk concerning the possibility of Greece restructuring during the weekend drove the market significantly lower, in a remarkable negative hyperbole that usually accompanies the final stage of sell-offs”, said Pegasus in its morning report.
Pegasus expects today΄s upward reaction to be more of an intermission than a promising and lasting ascending move, as the market΄s fundamentals have not yet shifted towards the positive end.
Across the board, the General Index is at 1,419.81 points, up 1.44% on a turnover of €32m. A total amount of 71 shares rise, 50 decline and 42 remain unchanged.
Banks rise by 1.50%, at 1,063.01 units. ATEbank gains 4.44%, with Eurobank and Alpha Bank posting profits of 3.57% and 3.35% respectively. National Bank and Proton Bank rise by 1.91% and 1.79%, while Attica Bank gains 1.16%.
On the other hand, Hellenic Postbank loses 1.39%, while Piraeus Bank and Geniki Bank decline by 0.90% and 0.82% respectively.
(capital.gr)
Athens market rises on Thursday since the opening of the trading, following yesterday’s heavy losses.
Banks also move upwards, with profits of up to 2.3%, while the biggest part of FTSE20 trades in positive territory, with Coca-Cola 3E gaining 4%. ATEbank and Eurobank record profits of more than 3.5%.
The investing sentiment is dramatically fragile to speculation, commented Eurobank in its morning report. It also notes that the market now trades a mere 3% above the 14-year lows seen on January 10, while news flow remains mixed at best.
“Yesterday΄s extended market talk concerning the possibility of Greece restructuring during the weekend drove the market significantly lower, in a remarkable negative hyperbole that usually accompanies the final stage of sell-offs”, said Pegasus in its morning report.
Pegasus expects today΄s upward reaction to be more of an intermission than a promising and lasting ascending move, as the market΄s fundamentals have not yet shifted towards the positive end.
Across the board, the General Index is at 1,419.81 points, up 1.44% on a turnover of €32m. A total amount of 71 shares rise, 50 decline and 42 remain unchanged.
Banks rise by 1.50%, at 1,063.01 units. ATEbank gains 4.44%, with Eurobank and Alpha Bank posting profits of 3.57% and 3.35% respectively. National Bank and Proton Bank rise by 1.91% and 1.79%, while Attica Bank gains 1.16%.
On the other hand, Hellenic Postbank loses 1.39%, while Piraeus Bank and Geniki Bank decline by 0.90% and 0.82% respectively.
(capital.gr)
- Stato