Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
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tommy271
Forumer storico
Queste azioni sono contrastanti tra loro.
Un conto è fare default, un altro è fare un buy-back ed un altro ancora privatizzare e ristrutturare il debito su base volontaria.
Come mi dici anche tu, la via non è a senso unico.
ficodindia
Forumer storico
Ridurre il debito non è necessario anche se è auspicabile.
Ripeto la Grecia può riprendersi se gli diamo tempo di attuare il programma concordato con UEM/FMI, per adeguare lo stile di vita alle risorse disponibili. Il default creerebbe solo più problemi di quanti ne risolverebbe, sarebbe una soluzione draconiana e semplicistica, dal punto di vista economico-contabile non è assolutamente necessario.
Ripeto la Grecia può riprendersi se gli diamo tempo di attuare il programma concordato con UEM/FMI, per adeguare lo stile di vita alle risorse disponibili. Il default creerebbe solo più problemi di quanti ne risolverebbe, sarebbe una soluzione draconiana e semplicistica, dal punto di vista economico-contabile non è assolutamente necessario.
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tommy271
Forumer storico
Chinese bank on bumpy road to Athens
The opening of a branch in Athens by China Development Bank, the largest investment bank in the Asian country, is not an easy affair.
Beijing is asking for more guarantees to open a branch, or two, in Greece in an issue that was touched upon by State Minister Haris Paboukis during a recent visit to China.
The Chinese Investment Bank’s presence in Greece is considered to be an important step towards boosting bilateral trade ties between the two nations, helping ease the flow of capital into the shrinking Greek economy.
Local companies have been increasingly looking for a way to tap growth by expanding into foreign markets, such as China, while Chinese firms eye the south eastern European region through Athens.
Power utility PPC and pharmaceutical company Alapis both announced earlier this month deals hooking up with Chinese partners.
China’s Cosco has already struck a deal with Greece to manage two container terminals at Piraeus for the next 35 years in one of the largest foreign investments to take place in the country for several years.
ekathimerini.com , Thursday April 28, 2011 (15:55)
The opening of a branch in Athens by China Development Bank, the largest investment bank in the Asian country, is not an easy affair.
Beijing is asking for more guarantees to open a branch, or two, in Greece in an issue that was touched upon by State Minister Haris Paboukis during a recent visit to China.
The Chinese Investment Bank’s presence in Greece is considered to be an important step towards boosting bilateral trade ties between the two nations, helping ease the flow of capital into the shrinking Greek economy.
Local companies have been increasingly looking for a way to tap growth by expanding into foreign markets, such as China, while Chinese firms eye the south eastern European region through Athens.
Power utility PPC and pharmaceutical company Alapis both announced earlier this month deals hooking up with Chinese partners.
China’s Cosco has already struck a deal with Greece to manage two container terminals at Piraeus for the next 35 years in one of the largest foreign investments to take place in the country for several years.
ekathimerini.com , Thursday April 28, 2011 (15:55)
tommy271
Forumer storico
Greek Tourist Arrivals Seen Rising At Least 10% In 2011 -Union
ATHENS -(Dow Jones)- Greek tourist arrivals are expected to jump by more than 10% this year, the country's tourism workers' union said Thursday, signaling a welcome boost to Greece's recession-ravaged economy.
In a statement, the union, known by the Greek acronym Poeeyte, said that the recent unrest in rival tourist destinations in north Africa, would help lift Greek tourism this year.
"All of the data show that tourism arrivals will increase by a double digit amount, while tourism revenues will also increase," Poeeyte said. "The social unrest in various Mediterranean tourism destinations are contributing to this positive development."
With its plethora of ancient sites and its sunny Mediterranean islands, Greece is one of the world's top 20 tourist destinations attracting about 15 million visitors each year. According to various estimates, the sector accounts for between 15% and 18% of gross domestic product and almost one in five jobs.
But Greek tourism has fallen on hard times. The industry has suffered two successive years of weak tourist traffic and declining revenues as visitors-- mainly from the U.K. and Germany--flocked to less-expensive destinations, such as Turkey and Egypt. Violent protests in Athens last year also drove away many would-be holiday makers.
Still, Greece's economic crisis, combined with last year's relatively weak tourist season, has forced down prices on a range of tourist services making the country more attractive to visitors, industry sources say.
Early tourism bookings from late last year, which predate the recent unrest in the likes of Egypt and Tunisia, also showed that Greece was on track for a slightly better tourist season this year.
***
Su questo fronte, faccio molto affidamento ...
ATHENS -(Dow Jones)- Greek tourist arrivals are expected to jump by more than 10% this year, the country's tourism workers' union said Thursday, signaling a welcome boost to Greece's recession-ravaged economy.
In a statement, the union, known by the Greek acronym Poeeyte, said that the recent unrest in rival tourist destinations in north Africa, would help lift Greek tourism this year.
"All of the data show that tourism arrivals will increase by a double digit amount, while tourism revenues will also increase," Poeeyte said. "The social unrest in various Mediterranean tourism destinations are contributing to this positive development."
With its plethora of ancient sites and its sunny Mediterranean islands, Greece is one of the world's top 20 tourist destinations attracting about 15 million visitors each year. According to various estimates, the sector accounts for between 15% and 18% of gross domestic product and almost one in five jobs.
But Greek tourism has fallen on hard times. The industry has suffered two successive years of weak tourist traffic and declining revenues as visitors-- mainly from the U.K. and Germany--flocked to less-expensive destinations, such as Turkey and Egypt. Violent protests in Athens last year also drove away many would-be holiday makers.
Still, Greece's economic crisis, combined with last year's relatively weak tourist season, has forced down prices on a range of tourist services making the country more attractive to visitors, industry sources say.
Early tourism bookings from late last year, which predate the recent unrest in the likes of Egypt and Tunisia, also showed that Greece was on track for a slightly better tourist season this year.
***
Su questo fronte, faccio molto affidamento ...
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stefmas
Forumer storico
tommy271
Forumer storico
PM: 'We will lead the way out of the crisis'
While chairing a cabinet meeting on Thursday, Prime Minister George Papandreou apparently blamed the latest plunge of market confidence in Greek debt on the complexity of the debt crisis but also 'dissonance' within the European Union, government sources claimed.
Referring to the road map that he presented before Easter, he stressed that this had outlined the framework for putting the economy in order and that the plan that the government would unveil in a few days would help bring the country out of the crisis.
The prime minister strongly criticised those recycling speculation that Greece will restructure its debt and pointed out that similar scenarios centring on a Greek default had been circulating a year earlier, before Greece signed the agreements for the 110-billion-euro loans from the IMF and European Union.
He stressed that the rampant speculation and fear-mongering should not be allowed to dominate politics and the media, nor to affect the government's responsible attitude toward tackling the crisis.
Papandreou was also scathing in his criticism of media pundits and political parties, saying the majority preferred to prophesy doom and, at times inadvertently, linked themselves with specific interests.
The prime minister pointed out that much had been done in the year since Greece had signed the Memorandum for the EU-IMF loans, most of which would not have been predicted by even the most optimistic.
He emphasised that the government should focus on doing its job and also commented on rumours of early elections or a reshuffle, saying these were issues that were minor compared with the major and significant problems facing the country. The government did not have the luxury to waste time on such issues, he added.
"We have an obligation to use all our strength to achieve the fiscal targets that are a condition for our country's success and to carry out the major changes that are our goal," Papandreou emphasised.
(ana.gr)
While chairing a cabinet meeting on Thursday, Prime Minister George Papandreou apparently blamed the latest plunge of market confidence in Greek debt on the complexity of the debt crisis but also 'dissonance' within the European Union, government sources claimed.
Referring to the road map that he presented before Easter, he stressed that this had outlined the framework for putting the economy in order and that the plan that the government would unveil in a few days would help bring the country out of the crisis.
The prime minister strongly criticised those recycling speculation that Greece will restructure its debt and pointed out that similar scenarios centring on a Greek default had been circulating a year earlier, before Greece signed the agreements for the 110-billion-euro loans from the IMF and European Union.
He stressed that the rampant speculation and fear-mongering should not be allowed to dominate politics and the media, nor to affect the government's responsible attitude toward tackling the crisis.
Papandreou was also scathing in his criticism of media pundits and political parties, saying the majority preferred to prophesy doom and, at times inadvertently, linked themselves with specific interests.
The prime minister pointed out that much had been done in the year since Greece had signed the Memorandum for the EU-IMF loans, most of which would not have been predicted by even the most optimistic.
He emphasised that the government should focus on doing its job and also commented on rumours of early elections or a reshuffle, saying these were issues that were minor compared with the major and significant problems facing the country. The government did not have the luxury to waste time on such issues, he added.
"We have an obligation to use all our strength to achieve the fiscal targets that are a condition for our country's success and to carry out the major changes that are our goal," Papandreou emphasised.
(ana.gr)
tommy271
Forumer storico
Greek Bonds Enjoy Respite; Government Buybacks Confirmed
By Mark Brown and Alkman Granitsas
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Yields on shorter-term Greek government bonds fell for the first time in nearly three weeks Thursday, in line with the better performance of bonds from other peripheral euro-zone sovereign borrowers.
Late Wednesday the Greek finance ministry confirmed that the government had bought back EUR2.5 billion of its bonds in the secondary market since the start of the year, as part of a cash-management exercise ahead of upcoming redemptions.
Traders didn't directly link this news to the fall in yield, although one did say that it might have prompted some market participants to cover short positions in Greek debt.
Late last year the Greek finance ministry approved a plan to repurchase up to EUR3 billion in government debt, as part of the government's efforts to better manage its small cash surplus of about EUR7 billion.
The buybacks only involve bills and bonds that are maturing within the next six months and are trading at a slight discount to their face value, a person familiar with the purchases said.
The repurchases will have had a positive but minor impact on the total stock of Greek debt, HSBC analysts said in a note to clients.
"Although positive, such transactions have limited scope to reduce public debt," which stood at 142.8% of gross domestic product at the end of 2010, HSBC said.
The HSBC comment also noted that Greece has limited funds available for such operations because payments it receives under its EUR110 billion bailout by the European Union and International Monetary Fund are meant to cover the county's deficit and its bond repayments.
"If they're buying back opportunistically from willing sellers, a couple of billion [of euros worth of purchases] isn't going to make much difference," said a strategist at another bank. "And they've got to find the money [to buy bonds] from somewhere."
Yields on two-year Greek bonds, which have been leaping higher on a daily basis this week on persistent fears that the country will have to restructure its debt at some point, were just over 1.5 percentage points lower at 23.84%, according to Tradeweb.
Greek five-year yields were 18.5 basis points lower at 21.35%, although Greek bonds maturing in five years or more still price in around a 50% loss of principal to investors who bought them at face value, according to ING.
Market participants cautioned against reading to much into the trend.
"We're seeing very few trades, especially in Greece, and a generally better tone across the board," said one trader.
***
Da leggere.
By Mark Brown and Alkman Granitsas
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Yields on shorter-term Greek government bonds fell for the first time in nearly three weeks Thursday, in line with the better performance of bonds from other peripheral euro-zone sovereign borrowers.
Late Wednesday the Greek finance ministry confirmed that the government had bought back EUR2.5 billion of its bonds in the secondary market since the start of the year, as part of a cash-management exercise ahead of upcoming redemptions.
Traders didn't directly link this news to the fall in yield, although one did say that it might have prompted some market participants to cover short positions in Greek debt.
Late last year the Greek finance ministry approved a plan to repurchase up to EUR3 billion in government debt, as part of the government's efforts to better manage its small cash surplus of about EUR7 billion.
The buybacks only involve bills and bonds that are maturing within the next six months and are trading at a slight discount to their face value, a person familiar with the purchases said.
The repurchases will have had a positive but minor impact on the total stock of Greek debt, HSBC analysts said in a note to clients.
"Although positive, such transactions have limited scope to reduce public debt," which stood at 142.8% of gross domestic product at the end of 2010, HSBC said.
The HSBC comment also noted that Greece has limited funds available for such operations because payments it receives under its EUR110 billion bailout by the European Union and International Monetary Fund are meant to cover the county's deficit and its bond repayments.
"If they're buying back opportunistically from willing sellers, a couple of billion [of euros worth of purchases] isn't going to make much difference," said a strategist at another bank. "And they've got to find the money [to buy bonds] from somewhere."
Yields on two-year Greek bonds, which have been leaping higher on a daily basis this week on persistent fears that the country will have to restructure its debt at some point, were just over 1.5 percentage points lower at 23.84%, according to Tradeweb.
Greek five-year yields were 18.5 basis points lower at 21.35%, although Greek bonds maturing in five years or more still price in around a 50% loss of principal to investors who bought them at face value, according to ING.
Market participants cautioned against reading to much into the trend.
"We're seeing very few trades, especially in Greece, and a generally better tone across the board," said one trader.
***
Da leggere.
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frmaoro
il Fankazzista
GRECIA: JUNCKER, RISTRUTTURAZIONE DEBITO NON E' UNA POSSIBILITA'
di: Asca Pubblicato il 28 aprile 2011| Ora 15:44
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(ASCA-AFP) - Parigi, 28 apr - La ristrutturazione del debito pubblico della Grecia ''non e' una possibilita'' da prendere in considerazione perche' causerebbe enormi problemi. Lo ha detto il presidente dell'Eurogruppo, Jean-Claude Juncker. Dopo un incontro con il primo ministro francese, Francois Fillon, proprio sul tema dei debiti nell'Eurozona, Juncker ha spiegato che ''la ristrutturazione del debito non e' una possibilita', porterebbe enormi problemi che non sono stati ancora previsti, sempre che sia possibile prevederli. In ogni caso non e' un'ipotesi sulla quale si sta lavorando''. Il debito greco e' salito a circa 330 miliardi di euro che corrispondono al 142,8% del Pil. Questo livello pone la Grecia in cima alla lista dei paesi piu' indebitati dell'area euro davanti all'Italia e al Belgio.
è da mesi che lo diciamo
di: Asca Pubblicato il 28 aprile 2011| Ora 15:44
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STAMPA INVIA 0 commenta
(ASCA-AFP) - Parigi, 28 apr - La ristrutturazione del debito pubblico della Grecia ''non e' una possibilita'' da prendere in considerazione perche' causerebbe enormi problemi. Lo ha detto il presidente dell'Eurogruppo, Jean-Claude Juncker. Dopo un incontro con il primo ministro francese, Francois Fillon, proprio sul tema dei debiti nell'Eurozona, Juncker ha spiegato che ''la ristrutturazione del debito non e' una possibilita', porterebbe enormi problemi che non sono stati ancora previsti, sempre che sia possibile prevederli. In ogni caso non e' un'ipotesi sulla quale si sta lavorando''. Il debito greco e' salito a circa 330 miliardi di euro che corrispondono al 142,8% del Pil. Questo livello pone la Grecia in cima alla lista dei paesi piu' indebitati dell'area euro davanti all'Italia e al Belgio.
è da mesi che lo diciamo
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