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

[tommy271]

PM: 'Greece will be saved and will change'




Prime Minister George Papandreou pledged on Tuesday that "Greece will be saved and shall change", while addressing the Federation of Hellenic Enterprises' (SEV) general assembly at the Megaron Concert Hall.

"For as long as I am here nothing else preoccupies me," the prime minister added.

Papandreou said the "chapter of changes" is not over, but is under way, and added that if the country collapses now "all the sacrifices will be in vain".

"We shall either wage the battle to the end, in order to enable funding to continue or we shall give the right (to others) to put Greece on the margins of the EU's hard core," he said.

Papandreou, who spoke hours after a round of talks with political party leaders, called for consensus and joint responsibility to pass "the promontory of the coming weeks," saying that a government cannot struggle alone with the "beasts" while being snipped at continuously, within the country, for petty-partisan reasons.

"I am open to whatever realistic proposal, provided it upgrades our credibility and achieves the targets we have set and that we have agreed with our partners," Papandreou said, referring to his meetings with party leaders on Tuesday.

"Consensus is not only a national necessity, but it is also feasible in practice," the prime minister said, outlining a series of issues in which there is a convergence of views between the government and the main opposition party.

(ana.gr)

***
Il discorso di Papandreou agli industriali.

 

[tommy271]

Papandreou strives for consensus on measures



Despite high hopes, government secures little real from its political rivals

Prime Minister George Papandreou met with his political rivals on Tuesday in a bid to get some backing for his government’s midterm economic program, which foresees more than 6 billion euros in tax increases and spending cuts, but consensus proved more elusive than he, and the country’s international creditors, had hoped.
Expectations had been highest for Papandreou’s first meeting, with Antonis Samaras, the head of the conservative main opposition New Democracy. But Samaras expressed vehement opposition to a new raft of austerity measures, calling instead for “a creative shock through the reduction of taxes.”
“I will not give my backing to a recipe which is so clearly wrong,” he said.
According to sources, the two men discussed the proposed tax reforms in detail as well as the government’s privatization program, for which Samaras reportedly expressed only partial backing despite earlier support for more decisive moves on sell-offs.
Sources told Kathimerini that Papandreou made great efforts to convince Samaras, and other party leaders subsequently, of the importance of taking measures to reduce Greece’s huge budget deficit. The premier reportedly said he remained open to any realistic proposals for raising 6 billion euros in revenue without raising taxes.
Papandreou is said to have drawn up a list of measures proposed by opposition parties and adopted by the government in its midterm program but it seems the gesture did not have the required effect.
The head of the Communist Party, Aleka Papariga, refused to meet the premier, saying their views were “diametrically opposed.”
The leader of the Coalition of the Radical Left (SYRIZA), Alexis Tsipras, described the proposed reforms as “a crime against the Greek people” and called for early elections.
Only the leader of the far-right Popular Orthodox Rally (LAOS), Giorgos Karatzaferis, struck a vaguely positive note. “No to indefinite consensus, yes to joint responsibility,” he said, noting that all political parties should join in the effort to save the Greek economy.
In a related development, Yiannis Stournaras, director of the Foundation for Economic and Industrial Research (IOBE), criticized the government for delaying the implementation of austerity measures.
“If the measures announced this week had been implemented three or four months ago, the situation would be very different,” he said. He stressed that the government’s agreement with its creditors, known as “the memorandum,” was the only way to secure the next tranche of emergency funding next month and secure the country’s exit from the crisis. “There are no alternatives. If there was no memorandum, Greece would be four times worse off than Argentina,” Stournaras said, referring to the South American country that defaulted in 2002.






ekathimerini.com , Tuesday May 24, 2011 (23:20)

***
Il resoconto degli incontri di Papandreou.

 

[tommy271]

No escaping the economic pain




Best solution to crisis is EU-IMF program, says ECB; investors unimpressed by Greek announcements

European Central Bank Executive Board member Lorenzo Bini Smaghi said on Tuesday that there is “no alternative” to Greece paying its debts and carrying through its reform program despite the economic pain.
“We expect the Greeks to repay their debts,” Bini Smaghi told Austrian ORF radio.
“The best way to do that is to implement the program that has been agreed with the [International Monetary Fund] and the European Union, which maybe needs to be strengthened.
“It’s not by not repaying the debts that the Greeks will solve the problems, it would actually make their own problems worse,” Bini Smaghi said.
The ECB Executive Board member said that Greece needs to begin implementation of its privatization program and structural reforms, which would “provide it with some financing.” Action to reduce monopolies and increase tax collection is also needed, Bini Smaghi said.
On Monday, Greece approved 6 billion euros of additional budget savings for 2011 in a bid to keep deficit reduction plans on track and said it will push ahead with its stalled privatizations agenda. Stakes in OTE telecom and Hellenic Postbank are among those that will go under the hammer first.
Investors, however, did not seem too impressed by the announcements.
Greek 10-year yields were little changed on Monday at a record 17 percent, while yields on two-year notes slipped 18 basis points to 26.07 percent. Contracts on Greek default insurance jumped 27 basis points to a record 1,400.
Meanwhile, a pro-business panel in German Chancellor Angela Merkel’s ruling conservatives said on Monday that debt-laden eurozone countries, such as Greece, should only receive further financial aid if they cut social benefits.
The economic panel of Merkel’s conservative Christian Democrats (CDU) said it was not enough for Greece to cut its retirement age to German levels.
Greek pensions are still around 94 percent of average Greek income, while Germans get only 40 percent, said panel head Kurt Lauk, who is not a member of Germany’s parliament.
The Bundestag, or lower house of parliament, has no say in the paying out of individual tranches of aid in Greece’s bailout agreed last year, but it would be involved in signing off on any further bailout for Greece.
“There can only be aid to bust countries if they pay lower social benefits than the giving countries,” said Lauk.






ekathimerini.com , Tuesday May 24, 2011 (20:49)

 

[tommy271]

EURO GOVT-Bunds rise, but 10-yr German sale to limit gains






LONDON | Wed May 25, 2011 2:09am EDT

LONDON May 25 (Reuters) - Bund futures opened higher on Wednesday, lifted by bouyant U.S. Treasury prices and weak overnight equities, though a 5 billion euro sale of 10-year German bonds could limit any further gains ahead of the auction.
At 0605 GMT the Bund future FGBLc1 was up 33 ticks at 125.06, building on strong performance in U.S. debt overnight after a sale of two-year T-notes found strong demand and lifted bond markets. European equities were seen opening lower after weak trading in U.S. and Asian sessions.

The ongoing debate over whether Greece needs to restructure its public debt, and the uncertainty caused by policymakers' divided stances has supported safe-haven German debt, and is likely to see lower-rated euro zone paper remain under pressure.
"There's nothing out there to really change the situation (on Greece), they're still really in a bind," a trader said.
Later in the session, Germany will sell up to 5 billion euros of government debt at a reopening of its July 2021 bond DE113544=. The bond currently yields around 3.046 percent in the secondary market.
"We would have been concerned if the paper was yielding below the psychological 3 percent level, but with the peripheral crisis still unresolved and following a comfortable sell off yesterday, we suspect the auction to be solid enough," said Peter Chatwell, rate strategist at Credit Agricole in London.
The 10-year benchmark German bond yield DE10YT=TWEB was 3.3 basis points lower at 3.037 percent, while the two-year yield DE2YT=TWEB fell 3.1 bps to 1.628 percent.

 

[samantaao]

...le certezze non le avranno mai...
La grecia deve privatizzare e basta.
il punto e' che per farlo serve l'ok del parlamento... e' questo il punto.
La Grecia deve SVENDERE..
ma probabilmente e' piu' conveniente fallire.. tanto mica gli pignorano le isole.. o sbaglio?

I creditori si aspettano garanzie ... mica ringraziamenti...
io sono allibita ..
Mi rendo conto che e' tutta una comica a finale tragico..
mancano di credibilita' sia i debitori che i creditori... e cosi' la speculazione sguazza e si arricchisce.
Nel thraed si parla soluzione politica... mah! .. con quali politici?
Ma ci rendiamo conto con chi abbiamo a che fare?!?!....

motivo per cui appena la situazione cominciò a degenerare uscii in perdita pur di abbassare l'esposizione a minibriciole

 

[Nobody's]

EURO GOVT-Bunds rise, but 10-yr German sale to limit gains






LONDON | Wed May 25, 2011 2:09am EDT

LONDON May 25 (Reuters) - Bund futures opened higher on Wednesday, lifted by bouyant U.S. Treasury prices and weak overnight equities, though a 5 billion euro sale of 10-year German bonds could limit any further gains ahead of the auction.
At 0605 GMT the Bund future FGBLc1 was up 33 ticks at 125.06, building on strong performance in U.S. debt overnight after a sale of two-year T-notes found strong demand and lifted bond markets. European equities were seen opening lower after weak trading in U.S. and Asian sessions.

The ongoing debate over whether Greece needs to restructure its public debt, and the uncertainty caused by policymakers' divided stances has supported safe-haven German debt, and is likely to see lower-rated euro zone paper remain under pressure.
"There's nothing out there to really change the situation (on Greece), they're still really in a bind," a trader said.
Later in the session, Germany will sell up to 5 billion euros of government debt at a reopening of its July 2021 bond DE113544=. The bond currently yields around 3.046 percent in the secondary market.
"We would have been concerned if the paper was yielding below the psychological 3 percent level, but with the peripheral crisis still unresolved and following a comfortable sell off yesterday, we suspect the auction to be solid enough," said Peter Chatwell, rate strategist at Credit Agricole in London.
The 10-year benchmark German bond yield DE10YT=TWEB was 3.3 basis points lower at 3.037 percent, while the two-year yield DE2YT=TWEB fell 3.1 bps to 1.628 percent.

 

[tommy271]

Per evitare equivoci, Papandreou dispone di una maggioranza in Parlamento di circa 155 voti, a questi si potrebbero aggiungere altri 20 provenienti dalle formazioni minori di "Alleanza Democratica" e "Laos".
Nel corso del dibattito in Parlamento non è detto che qualche esponente di Nuova Democrazia voti, comunque, a favore dei provvedimenti.
Vedremo più in avanti l'evoluzione del dibattito interno alle formazioni politiche elleniche...

 

[Nobody's]

Per evitare equivoci, Papandreou dispone di una maggioranza in Parlamento di circa 155 voti, a questi si potrebbero aggiungere altri 20 provenienti dalle formazioni minori di "Alleanza Democratica" e "Laos".
Nel corso del dibattito in Parlamento non è detto che qualche esponente di Nuova Democrazia voti, comunque, a favore dei provvedimenti.
Vedremo più in avanti l'evoluzione del dibattito interno alle formazioni politiche elleniche...

Su questo fronte.....fiato sul collo Tommy......

 

[tommy271]

Su questo fronte.....fiato sul collo Tommy......

Dimenticavo, i parlamentari sono 300...

 

[Nobody's]

Dimenticavo, i parlamentari sono 300...

Si....ho letto....