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

[tommy271]

Bce, Consiglio Ue nomina Draghi presidente - bozza comunicato

venerdì 24 giugno 2011 08:02






BRUXELLES, 24 giugno (Reuters) - I capi di stato e di governo dell'Unione europea hanno formalmente nominato Mario Draghi alla presidenza della Bce. È quanto emerge dalla bozza delle conclusioni della riunione in corso a Bruxelles del Consiglio europeo.
La decisione apre la strada al governatore di Bankitalia, 63 anni, alla successione dell'attuale presidente Jean-Claude Trichet, alla scadenza del suo mandato a fine ottobre.
"Il Consiglio europeo ha nominato il signor Mario Draghi presidente della Banca centrale europea dal primo novembre 2011 al 31 ottobre 2010" si legge nella bozza ottenuta da Reuters.

 

[tommy271]

Papandreou and Samaras meet European counterparts



Greece at top of EU leaders' summit but no final decision expected in Brussels

Prime Minister George Papandreou joined his European Union counterparts in Brussels on Thursday for tough negotiations aimed at securing more funding for his debt-ridden country as new Finance Minister Evangelos Venizelos continued discussions in Athens with representatives of foreign creditors about a new raft of austerity measures to be voted on in Parliament next week.
Speaking to reporters on his arrival in Brussels, Papandreou said Greece was intent on seeing through its austerity program but he stressed that Athens expected solidarity from the bloc in return. “Greece is strongly committed to continue a very difficult but important program for major changes, radical changes to make our economy viable,” Papandreou said. But he added, “We expect that the European Union also will create the efficient framework to deal with this crisis and also to deal with the number of systemic problems we’ve been seeing over the past months in the eurozone.”
For his part, European Economic and Monetary Affairs Commissioner Olli Rehn said the bloc was prepared to help Greece save its economy “but the first thing is that Greece must help itself, so that the other Europeans can help Greece. That’s the bottom line.”
In Brussels, where Papandreou joined his counterparts for a working dinner on Thursday night, no final decisions were expected to be made on the Greek problem, which topped the agenda of talks that continue on Friday.
Having secured a confidence vote in his government on Monday, Papandreou was expected to strike a positive stance vis-a-vis his eurozone peers regarding the likely approval of the midterm program - which aims to raise 28 billion euros through tax increases and cuts to public spending and another 50 billion euros through the privatization of state assets.
It was decided yesterday that the program will be voted on in Parliament on Wednesday and its implementation program on Thursday.
Venizelos, too, appeared upbeat yesterday during his first press conference in Athens following talks with representatives of the European Commission, European Central Bank and the International Monetary Fund. The minister pledged additional measures to cover a financing gap of 5.5 billion euros highlighted by foreign creditors.
Main opposition New Democracy leader Antonis Samaras was also in Brussels yesterday for a summit of the European People’s Party, a group of center-right political parties. Samaras was reportedly urged to change his stance and vote for the midterm program next week. But he seemed to stick to his guns. “The current policy mix... calls for more taxes in an economy in unprecedented recession,” Samaras said. “We need corrected policy measures to ensure that the economy recovers and that we can pay back our debt,” he said, reiterating his calls for a renegotiation of the terms of Greece’s agreement with its creditors.






ekathimerini.com , Thursday June 23, 2011 (23:19)

 

[tommy271]

Finance Minister outlines goals, barriers



Evangelos Venizelos 'disagreed' with mix of tax hikes, spending cuts in program

'

Finance Minister Evangelos Venizelos on Thursday distanced himself from his predecessor, Giorgos Papaconstantinou, reportedy telling PASOK MPs that he disagreed with the balance of tax increases and spending cuts in the government’s austerity plan and claiming that certain amendments proposed by Papaconstantinou had not been approved by eurozone counterparts.
“I do not agree with the balance between revenue-raising measures and spending cuts in the midterm program but now there is no scope for change,” Venizelos was quoted as telling MPs.
The minister added that he had believed that the country’s foreign creditors had been informed about the proposed changes, including the lowering of a tax-free ceiling on property tax.
“I discovered that the Eurogroup knew nothing about this,” the minister was quoted as saying, referring to the grouping of 17 eurozone finance ministers.
Venizelos reportedly added that the time line proposed by Papaconstantinou for the privatizations had been unrealistic. He also heralded a reform of the Greek tax system in the fall, suggesting that two earlier attempts at reform had failed.
Venizelos said an implementation law, to be submitted in Parliament next week along with the midterm fiscal program, sets out the framework for the government’s privatization program.
Each planned sell-off has its own corresponding article in the bill, MPs were told. It is hoped that this approach will help overcome objections by certain PASOK MPs such as Alexandros Athanasiadis, who opposes the privatization of the Public Power Corporation (PPC).






ekathimerini.com , Thursday June 23, 2011 (00:16)

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Venizelos vuole dare una svolta nell'approccio alla crisi.

 

[tommy271]

T-shirt slogan to protect Ireland?

Irish Finance Minister Michael Noonan (right) is seen seated next to his Greek counterpart Evangelos Venizelos at a Eurogroup meeting earlier this week.
On Thursday, Noonan said he’s considering getting T-shirts printed that say ‘Ireland is not Greece,’ in an attempt to distance Ireland from other debt-burdened nations. ‘We won’t give them away, we’ll sell them,’ Noonan said in Dublin.






ekathimerini.com , Thursday June 23, 2011 (21:29)

 

[tommy271]

Incomes hit again in solution plan



Tax-free threshold to drop to 8,000 euros, from 12,000 today; businesses to pay annual levy

Last-minute changes to the government’s midterm plan aimed at helping Greece secure the next aid payment to help prevent bankruptcy held a nasty surprise for taxpayers and businesses who saw the tax-free threshold drop and an additional annual levy imposed on enterprises already struggling in the downturn.
In his first press conference as finance minister on Thursday, Evangelos Venizelos said the tax-free threshold will drop to 8,000 euros, from 12,000 euros currently. Income between 8,000 to 12,000 euros will be taxed at a rate of 10 percent, with the exception of pensioners above the age of 65 and young workers aged below 30. Additionally, businesses will be called on to pay “an average small tax of 300 euros per year,” Venizelos told reporters.
The tax hikes come after the minister met with representatives from the European Central Bank, International Monetary Fund and European Union over the austerity measures needed for Greece to receive the next 12-billion-euro tranche in aid funding and receive a second bailout package from its creditors.
The austerity measures, which will be included in the 2011-15 midterm plan, are expected to be voted in by Parliament next week.
The finance minister also said that the government has been encouraging Greek banks to participate in a solution to the country’s crippling debt crisis.
He said the government was encouraging a solution along the lines of the so-called Vienna initiative, according to which investors are asked to voluntarily renew their debt holdings as they expire.
“The Vienna process is totally voluntary,” Venizelos said. “Are we encouraging the Greek banks to participate? The answer is yes,” he said.
A Vienna initiative approach was used successfully in 2009 to help East European countries during the global financial crisis. The worry over such a rollover of debt is that it may be considered a default by ratings agencies.
Belgium banks on Thursday joined German, French and Dutch peers being called on by local national governments to discuss whether they are interested in discussing possible solutions for the Greek debt they hold.
A Greek default could drag down Greek and European banks, endanger the finances of other weak eurozone countries such as Portugal, Ireland and Spain, and potentially spark turmoil in global markets.






ekathimerini.com , Thursday June 23, 2011 (21:13)

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La sintesi dei nuovi provvedimenti proposti ieri da Venizelos.

 

[tommy271]

Eyeing the Brady Plan as a Model for Greece - WSJ.com

 

[tommy271]

Nuovi buchi nel bilancio, in Grecia piovono tasse (una tantum e minimum tax) su ricchi e professionisti - Il Sole 24 ORE

 

[tommy271]

"L'Irlanda non è la Grecia" come viene riportato sulle T-shirts distribuite a Dublino, ma a giudicare dagli spread non sembra vero...
Ieri ci siamo trovati a ritoccare i max storici sul bund da parte di quasi tutti i membri del Club mentre la Grecia si trova ad affrontare scelte difficili.
Ieri il ministro delle finanze Venizelos ha approntato nel giro di pochi giorni una manovra supplementare per chiudere un buco imprevisto nei bilanci ellenici.
Sempre ieri sera l'Eurogruppo ha dato il via libera al meccanismo di salvataggio alla Grecia, ma ci sono ancora affrontare dei nodi da superare prima che questo divenga realtà.
Comunque la strada intrapresa mi sembra quella giusta.
Spagna, Italia e Belgio sono avviati su un sentiero pericoloso, auguriamoci un'inversione del percorso.

Grecia 1414 pb. (1404)
Irlanda 915 pb. (883)
Portogallo 870 pb. (844)
Spagna 279 pb. (259)
Italia 206 pb. (193)
Belgio 129 pb. (118)

 

[tommy271]

Fmi: fine audizioni, Lagarde favorita


continuare strada riforme, essere europea non vantaggio



(ANSA) - NEW YORK, 24 GIU - La decisione del Fondo Monetario Internazionale (Fmi) su chi sara' il nuovo direttore generale si avvicina. Christine Lagarde si presenta al board, chiudendo le audizioni dei due candidati. Ora l'attenzione e' per la riunione del consiglio in programma il 28 giugno, dalla quale potrebbe emergere il sostituto di Dominique Strauss-Kahn. Lagarde sembra essere la favorita nella corsa: il Wall Street Journal la ritiene vicina alla nomina.

 

[tommy271]

Borse europee, atteso forte rimbalzo in avvio

venerdì 24 giugno 2011 08:16




LONDRA, 24 giugno (Reuters) - Le borse europee dovrebbero rimbalzare oggi dai minimi di ieri, dopo che la Grecia ha raggiunto un accordo con i creditori internazionali ottenendo l'impegno per nuovi fondi in cambio altre misure d'austerità.
Secondo gli spreadbetter finanziari il FTSE 100 .FTSE dovrebbe aprire in rialzo fino a 65 punti, ossia fino a +1,2%, il DAX .GDAXI dovrebbe salire di 69-70 punti (+1%) e il CAC .FCHI di 50 punti (+1,3%).
Il primo ministro greco George Papandreou ha promesso di portare avanti una radicale riforma economica dopo che il suo nuovo ministro delle finanze ha raggiunto un accordo con Ue e Fmi su tasse e tagli alla spesa in un piano quinquennale d'austerità; è stato anche trovato un accordo per colmare un buco di 3,8 miliardi nel finanziamento del piano.
Il sentiment è aiutato anche dai commenti del premier cinese Wen Jiabao, secondo cui il governo è fiducioso che l'incremento dei prezzi resterà sotto controllo quest'anno; queste dichiarazioni hanno spinto l'indice asiatico MSCI .MIAPJ0000PUS.
L'indice paneuropeo FTSEurofirst 300 .FTEU3 è sceso ieri dell'1,5% sui minimi di chiusura da tre mesi, mentre Wall Street ha recuperato dai minimi intraday dopo l'accordo dei leader Ue sulla Grecia.