frmaoro
il Fankazzista
anche questo è vero
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Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
- Creatore Discussione Imark
- Data di Inizio
- Stato
Nobody's
Γένοιο οἷος εἷ
Uff...eddai, speriamo che sia davvero la volta buona....se tutto va in porto come sembra tiriamo un bel respiro di sollievo e, almeno nel breve periodo, siamo un po' piu' tranquilli.
In questa settimana sono andato anch'io vicino al default....default di cervello...
Non credere di essere l' unico
tommy271
Forumer storico
Uff...eddai, speriamo che sia davvero la volta buona....se tutto va in porto come sembra tiriamo un bel respiro di sollievo e, almeno nel breve periodo, siamo un po' piu' tranquilli.
In questa settimana sono andato anch'io vicino al default....default di cervello...
La strada è ancora lunga ma se la situazione si sistema, voglio vedere i miei 17/18 a 100.
Piuttosto aspetto la scadenza naturale insieme alle cedole.
Con tutto il penare che ci hanno fatto fare, non li venderò poi per un piatto di lenticchie...
tommy271
Forumer storico
Trichet suggests finance ministry for euro zone
Thu Jun 2, 2011 10:11am EDT
* Would oversee states' fiscal, competitiveness policies
* Ministry would be created only in long term
* Idea underlines frustration with euro zone bailouts
* Merkel calls for closer coordination of European policies
By Sakari Suoninen
AACHEN, Germany, June 2 (Reuters) - The 17-nation euro zone should consider establishing a central finance ministry as it tightens coordination of national economic policies to fight crises, the head of the bloc's central bank said on Thursday.
Jean-Claude Trichet, who was accepting the Charlemagne Prize, awarded for contributions to European unity, said the ministry might be created after a long process of transferring oversight of national policy to the zone's central authorities.
"In this Union of tomorrow, or of the day after tomorrow, would it be too bold, in the economic field, with a single market and a single central bank, to envisage a ministry of finance of the Union?" he said in a speech.
Trichet acknowledged a central ministry would need dramatic political changes in the European Union, including a revision of its underlying treaty. There is little appetite for such changes at present in the EU, where solidarity has been strained by demands for richer states to bail out those hit by debt crises.
But the speech by Trichet, whose eight-year term as ECB president will end in October,underlined frustration among EU policymakers over the difficulty of handling those crises without being able to impose solutions on indebted governments.
Since last year the EU and the ECB have put together international bailouts worth hundreds of billions of euros for Greece, Ireland and Portugal, but their success remains uncertain as the three governments struggle to muster the political will to implement spending cuts and economic reforms.
Trichet, who ran the ECB for much of the first decade of its existence, was speaking in the German city of Aachen, where Charlemagne, who unified much of Europe during the Middle Ages, lived and was buried.
In a speech in Singapore on Thursday, Chancellor Angela Merkel of Germany, which has had to stump up much of the money for bailouts in the euro zone, reiterated German demands for closer coordination of European economic policies.
"We want to further deepen the coordination of the key areas of economic policies," she said.
STAGES
Trichet said international bailouts of countries in exchange for their pledges to reform their finances -- the model which has been followed for Greece, Ireland and Portugal -- were reasonable as an initial response to debt crises.
"But if a country is still not delivering, I think all would agree that the second stage has to be different," he said, suggesting that euro zone authorities be given "a much deeper and authoritative say in the formation of the country's economic policies if these go harmfully astray."
The EU already appears to be following this strategy in the case of Greece, where talks are underway on a new bailout deal that could involve external supervision of the Greek privatisation programme.
"It would be not only possible, but in some cases compulsory, in the second stage for the European authorities -- namely the Council on the basis of a proposal by the Commission, in liaison with the ECB -- to take themselves decisions applicable in the economy concerned," Trichet said.
He suggested European authorities could have the right to veto some national economic policy decisions, such as major items of government spending and policies essential for a country's economic competitiveness.
The central finance ministry would be created only later -- "not necessarily a ministry of finance that administers a large federal budget. But a ministry of finance that would exert direct responsibilities in at least three domains."
The ministry would monitor both the fiscal policies and competitiveness policies of member states; handle issues related to Europe's financial sector; and represent Europe in international financial institutions, Trichet said.
***
Sarebbe veramente una buona cosa, specie per quei paesi legati ad una logica clientelare della spesa pubblica.
Sarà difficile da attuarsi, ma è bene in ogni caso proporre il tema.
Thu Jun 2, 2011 10:11am EDT
* Would oversee states' fiscal, competitiveness policies
* Ministry would be created only in long term
* Idea underlines frustration with euro zone bailouts
* Merkel calls for closer coordination of European policies
By Sakari Suoninen
AACHEN, Germany, June 2 (Reuters) - The 17-nation euro zone should consider establishing a central finance ministry as it tightens coordination of national economic policies to fight crises, the head of the bloc's central bank said on Thursday.
Jean-Claude Trichet, who was accepting the Charlemagne Prize, awarded for contributions to European unity, said the ministry might be created after a long process of transferring oversight of national policy to the zone's central authorities.
"In this Union of tomorrow, or of the day after tomorrow, would it be too bold, in the economic field, with a single market and a single central bank, to envisage a ministry of finance of the Union?" he said in a speech.
Trichet acknowledged a central ministry would need dramatic political changes in the European Union, including a revision of its underlying treaty. There is little appetite for such changes at present in the EU, where solidarity has been strained by demands for richer states to bail out those hit by debt crises.
But the speech by Trichet, whose eight-year term as ECB president will end in October,underlined frustration among EU policymakers over the difficulty of handling those crises without being able to impose solutions on indebted governments.
Since last year the EU and the ECB have put together international bailouts worth hundreds of billions of euros for Greece, Ireland and Portugal, but their success remains uncertain as the three governments struggle to muster the political will to implement spending cuts and economic reforms.
Trichet, who ran the ECB for much of the first decade of its existence, was speaking in the German city of Aachen, where Charlemagne, who unified much of Europe during the Middle Ages, lived and was buried.
In a speech in Singapore on Thursday, Chancellor Angela Merkel of Germany, which has had to stump up much of the money for bailouts in the euro zone, reiterated German demands for closer coordination of European economic policies.
"We want to further deepen the coordination of the key areas of economic policies," she said.
STAGES
Trichet said international bailouts of countries in exchange for their pledges to reform their finances -- the model which has been followed for Greece, Ireland and Portugal -- were reasonable as an initial response to debt crises.
"But if a country is still not delivering, I think all would agree that the second stage has to be different," he said, suggesting that euro zone authorities be given "a much deeper and authoritative say in the formation of the country's economic policies if these go harmfully astray."
The EU already appears to be following this strategy in the case of Greece, where talks are underway on a new bailout deal that could involve external supervision of the Greek privatisation programme.
"It would be not only possible, but in some cases compulsory, in the second stage for the European authorities -- namely the Council on the basis of a proposal by the Commission, in liaison with the ECB -- to take themselves decisions applicable in the economy concerned," Trichet said.
He suggested European authorities could have the right to veto some national economic policy decisions, such as major items of government spending and policies essential for a country's economic competitiveness.
The central finance ministry would be created only later -- "not necessarily a ministry of finance that administers a large federal budget. But a ministry of finance that would exert direct responsibilities in at least three domains."
The ministry would monitor both the fiscal policies and competitiveness policies of member states; handle issues related to Europe's financial sector; and represent Europe in international financial institutions, Trichet said.
***
Sarebbe veramente una buona cosa, specie per quei paesi legati ad una logica clientelare della spesa pubblica.
Sarà difficile da attuarsi, ma è bene in ogni caso proporre il tema.
tommy271
Forumer storico
Intanto la Borsa di Atene ha chiuso con -0,99% a 1277 punti. Volumi bassi a 80 MLN.
Pesa il downgrade di Moody's che avrà un riflesso, atteso, sui corporate.
I nostri spread sul decennale sono rimasti stabili per tutto il giorno, dopo essersi allargati nelle prime ore di contrattazione.
Attualmente a 1357 pb.
Pesa il downgrade di Moody's che avrà un riflesso, atteso, sui corporate.
I nostri spread sul decennale sono rimasti stabili per tutto il giorno, dopo essersi allargati nelle prime ore di contrattazione.
Attualmente a 1357 pb.
Ultima modifica:
tommy271
Forumer storico
Constancio: Doesn΄t Exclude Private Sector Involvement In Restructuring
AACHEN, Germany (Dow Jones)--The European Central Bank doesn΄t exclude some form of private sector involvement in a restructuring of Greece΄s debt, but such involvement mustn΄t constitute a legal "credit event," ECB Vice-President Vitor Constancio said Thursday.
"We have always admitted...some forms of private sector involvement [in a Greek restructuring] as possibilities," Constancio said on the sidelines of a prize ceremony in Aachen, western Germany.
But it is "important to avoid a legal credit event" that would trigger credit default swap contracts, Constancio said.
"Some forms of private sector involvement run the risk of triggering a credit event, other forms do not," he said.
Private sector involvement means the private sector "contributes in some way to financing of the country at stake," Constancio said.
"That΄s not debt restructuring, that is reserved for situations with haircuts," he said.
The ECB is "totally opposed" to such a restructuring in which a "country would not pay everything," he added.
Avoiding a credit event would be one criterion of any private sector involvement, Constancio said.
Asked about ECB President Jean-Claude Trichet΄s proposals for much closer euro-zone economic governance, Constancio said it "would be helpful for the European project if there were developments in the direction of quasi-fiscal union."
AACHEN, Germany (Dow Jones)--The European Central Bank doesn΄t exclude some form of private sector involvement in a restructuring of Greece΄s debt, but such involvement mustn΄t constitute a legal "credit event," ECB Vice-President Vitor Constancio said Thursday.
"We have always admitted...some forms of private sector involvement [in a Greek restructuring] as possibilities," Constancio said on the sidelines of a prize ceremony in Aachen, western Germany.
But it is "important to avoid a legal credit event" that would trigger credit default swap contracts, Constancio said.
"Some forms of private sector involvement run the risk of triggering a credit event, other forms do not," he said.
Private sector involvement means the private sector "contributes in some way to financing of the country at stake," Constancio said.
"That΄s not debt restructuring, that is reserved for situations with haircuts," he said.
The ECB is "totally opposed" to such a restructuring in which a "country would not pay everything," he added.
Avoiding a credit event would be one criterion of any private sector involvement, Constancio said.
Asked about ECB President Jean-Claude Trichet΄s proposals for much closer euro-zone economic governance, Constancio said it "would be helpful for the European project if there were developments in the direction of quasi-fiscal union."
Nobody's
Γένοιο οἷος εἷ
Si prospetta la linea che dicevi tu.....non è la mia preferita....ma va bene
ficodindia
Forumer storico
Proposte efficaci e radicali.
Non voglio accamparmi il primato di alcune proposte per la soluzione definitiva della crisi greca. Infatti, ho sempre sostenuto che la soluzione del problema del debito greco è la possibilità che un'istituzione a livello europeo possa operare sul mercato primario e secondario emettendo o acquistando titoli soprattutto dei paesi in difficoltà (eurobond). In linea con le mie proposte è il seguente articolo del sole 24 ore.
http://www.ilsole24ore.com/art/noti...quisti-meta-prezzo-063650.shtml?uuid=Aa61qYcD
Non voglio accamparmi il primato di alcune proposte per la soluzione definitiva della crisi greca. Infatti, ho sempre sostenuto che la soluzione del problema del debito greco è la possibilità che un'istituzione a livello europeo possa operare sul mercato primario e secondario emettendo o acquistando titoli soprattutto dei paesi in difficoltà (eurobond). In linea con le mie proposte è il seguente articolo del sole 24 ore.
http://www.ilsole24ore.com/art/noti...quisti-meta-prezzo-063650.shtml?uuid=Aa61qYcD
Ultima modifica:
tommy271
Forumer storico
Onestamente lo sappiamo tutti che è "tecnicamente" impossibile.
Fai arrivare un pò di denaro è saltano sopra subito di 10 punti.
L'abbiamo visto lo scorso anno...
Altra cosa, al limite, proporre un concambio con altri titoli ad un prezzo prefissato. Ma non sarà mai 50 ... forse 75/80.
- Stato
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