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

[tommy271]

Greek PM΄s Adviser: No Debt Restructuring Needed



Greece doesn’t need to restructure its debt for now and should only consider an extension of its international loans, said Herakles Polemarchakis, an economic adviser to Greek Prime Minister George Papandreou, according to Bloomberg.

There are several possible options for Greece including rescheduling the IMF/EU/ECB loans, lengthening the payback period of private debt, and a restructuring, Herakles Polemarchakis said.

“For the moment we don’t need to talk about anything except possibly for the easiest, which is the rescheduling of the EU and IMF loan,” said Polemarchakis, according to the news agency.

“The debt has to be addressed,” Polemarchakis said in an interview at the London School of Economics. “I think that the rescheduling -- or re-profiling as it is called sometimes -- of the 100 billion euros given by the International Monetary Fund and the European Union, that’s something that could easily be done.”

Regarding restructuring, Polemarchakis, who is a professor at the University of Warwick in England, said that there is no pressure right now.

“For the medium run, I agree that calculations should be done, but as long as the IMF and the EU support the banks, they pay our debts. I do not think this is an issue to be concerned about.”

(capital.gr)

 

[giub]

La strada è quella giusta.
Certamente non sarà quella di vendere al primo pescecane di turno le risorse pubbliche di un paese, per accontentare le pressioni speculative del mercato.

Guarda che quando non paghi le rate del mutuo o vendi la casa e ti accontenti del primo pescecane di turno, oppure vengono le banche e ti pignorano le casa.
La Grecia deve capire che non è più tempo di moralismi ma è tempo di numeri CONCRETI in quanto hanno bruciato tutta la credibilità e le opportunità che gli sono state date...

 

[tommy271]

ASE Fluctuates On Thin Turnover



Without differentiating from its recent trading pattern, the Athens Stock Exchange moves in a declining mood from the beginning of the sessions, just above 1,400 units.

Banks had been posting early losses of 0.95%, with the profits of ATEbank standing out. Viohalco tops FTSE20, with Bank of Cyprus, Hellenic Postbank, OTE, PPC and Jumbo following.

In the absence of any significant news flow and catalyst, the market will most probably accumulate at current price levels, says Marfin Analysis in its morning report, while Kyprou Securities remains cautious on ASE, although it doesn’t considers a haircut on the Greek debt now as highly possible.

Pegasus Securities expects pressure to continue today, at least during the start of the session, with the remainder of the day being determined by the willingness of bid-side to re-gain the upper hand.

The market maintains a wait-and-see stance, seeking for a domestic or overseas catalyst to support a substantial upward reaction, Pegasus adds.

Across the board, the General Index is at 1,403.80 units, down 0.64%. The turnover stands at just €20m, while a total amount of 45 shares rise, 37 decline and 23 remain unchanged.

Banks moved downwards by 0.70%, at 1,046.48 units. ATE rises by 2.27%, while Hellenic Postbank posts minor profits of 0.36%. On the other hand, Attica Bank loses 2.27%, while Piraeus Bank and Alpha Bank decline by 1.87% and 1.86% respectively.

(capital.gr)

***
Attualmente siamo intorno ai minimi sull'indice ASE, a 1383 punti con - 2,11%. Per chi vuole diversificare l'investimento a rischio sulla Grecia ,mi sembra una buona soglia di ingresso.
Gli spread rimangono in oscillazione stabile a 1248 pb. Senza tuttavia registrare l'andamento in restringimento di ieri.

 

[Grisù]

State may use property, stakes in public companies as collateral to raise debt - press
According to press reports, citing government officials, some of the government's ministers proposed that the State should look to set up a holding company, under which will put some significant real estate assets, infrastructure and stakes in public companies (ports, water companies, etc). The aim will be the easier utilization of the assets and the attraction of investments. The government may also exclude the holding company from the capital and dividend taxes. This holding company will reportedly be able to raise capital through private placements to institutional investors, while it could issue preferred shares for financing its operations. It could also borrow funds by using the assets as collateral, either directly, or by using the preferred shares as collateral for issuing GGBs, or finally through debt to equity swaps. The aim is the government to avoid privatizing assets in panic. The same report reports claims that the Ministers' proposal excludes the sale of OTE's 10% to DT that will proceed this year as planned. PM Papandreou reportedly approved the plan.

 

[IL MARATONETA]

sorry, ma ha ragione ferdo....76 MLD sono le solite chiacchiere, fuffa.....
Il mercato vuole SOSTANZA che evidentemente non c'è, altrimenti non si capirebbero le reazioni degli analisti che hanno guardato ai numeri.

ok, giub, il mercato ha dato una bella batosta ai titoli ggb, ma se questo ribasso dipendesse dalla manovra economica, perchè negli ultimi giorni lo spread si sta riducendo ed i titoli decennali che già tendevano a 50 si sono apprezzati ed ora risalgono verso 60?
Io non ho seguito nei particolari la manovra economica e neppure le privatizzazioni, anche perchè non ho le competenze per giudicare; ma tu sei sicuro di poter dare un giudizio cosi' negativo su qeste, tanto da chiamarle fuffa?

 

[Grisù]

German gvmt: Greece should take extra measures for more favorable EU loan terms
A German government official said yesterday that the discussion for more favorable terms over Greece's €110bn loan from EU/IMF is in the right direction. Recall that, Greek Finmin Papakonstantinou had said that the government would like better terms for the loan, i.e. extension of maturity and lower interest rates. The German official said though that in order to achieve that, Greece should take extra measures, in order to contain its fiscal problems. Also, ECB's VP said that Greece should reinforce its fiscal consolidation program, in order to terminate the rumors over a potential debt restructuring. Note that EU/IMF/ECB reps are currently in Greece to inspect the progress of the fiscal consolidation plan, in order to give the green light for the disbursement of the fifth tranche of the loan. According to press reports, the Troika has so far raised concerns over the estimated receipts from fighting tax evasion, as described in the Mid Term Fiscal Strategy plan, while it thoroughly examines the privatizations program.

 

[giub]

ma tu sei sicuro di poter dare un giudizio cosi' negativo su qeste, tanto da chiamarle fuffa?

Il giudizio non è mio ma del mercato e di TUTTI gli analisti...

 

[tommy271]

State may use property, stakes in public companies as collateral to raise debt - press
According to press reports, citing government officials, some of the government's ministers proposed that the State should look to set up a holding company, under which will put some significant real estate assets, infrastructure and stakes in public companies (ports, water companies, etc). The aim will be the easier utilization of the assets and the attraction of investments. The government may also exclude the holding company from the capital and dividend taxes. This holding company will reportedly be able to raise capital through private placements to institutional investors, while it could issue preferred shares for financing its operations. It could also borrow funds by using the assets as collateral, either directly, or by using the preferred shares as collateral for issuing GGBs, or finally through debt to equity swaps. The aim is the government to avoid privatizing assets in panic. The same report reports claims that the Ministers' proposal excludes the sale of OTE's 10% to DT that will proceed this year as planned. PM Papandreou reportedly approved the plan.

Mi sembra un buon percorso.

 

[amorgos34]

Guarda che quando non paghi le rate del mutuo o vendi la casa e ti accontenti del primo pescecane di turno, oppure vengono le banche e ti pignorano le casa.
.

Essendo la Grecia uno stato sovrano (come nel caso argentino) sfortunatamente non puoi fargli la voce troppo grossa ( es. ti pignoro la casa).


L'Ambasciata greca a Roma è in una bellissima palazzina romana in Viale Rossini 4...se vuoi portarti avanti con gli atti esecutivi...

 

[tommy271]

Intanto pare che all'interno del FMI ci siano stati malumori profondi in seno ai paesi del BRIC circa lo svolgersi della trattativa con il Portogallo.
In sostanza gli "emergenti" contesterebbero le misure "favorevoli" concesse a Portogallo (e Grecia) rispetto alle manovre che hanno dovuto subire il Brasile, la Russia ed alcuni paesi asiatici per poter accedere ai fondi del FMI nei decenni precedenti.
La Cina sarebbe favorevole ad una ristrutturazione dei debiti, prima di poter accedere ai nuovi prestiti.
La questione sarà sempre più politica, prima che economica.