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

[giub]

ora non resta che sapere quali scadenze di titoli sono interessate

bè, non basta Spagna e Italia...mi sembra che le banche tedesche non siano così d'accordo...

 

[dierre]

Su questo versante è ancora tutto annebbiato: solo fino al 2015 o su tutte le scadenze?

cmq anche se fossero solo fino al 2015, dovrebbero beneficiarne anche gli altri?

 

[tommy271]

bè, non basta Spagna e Italia...mi sembra che le banche tedesche non siano così d'accordo...

Sono tutti d'accordo: dai belgi ai tedeschi, dai francesi agli spagnoli ecc.
Non conosco la posizione inglese dove "tengono" un pò di GGB ...

La questione è legata alle garanzie dello swap.
Al momento i greci non ci sentono ... mentre le banche vorrebbero garanzie su" beni materiali ellenici" che passerebbero automaticamente in proprietà alle banche.
Anche qui, si potrebbero trovare delle vie di mediazione.
Personalmente mi viene in mente la stima del valore ... .

 

[giub]

cmq anche se fossero solo fino al 2015, dovrebbero beneficiarne anche gli altri?

per capire quanto sia in alto mare la questione basta vedere come ha reagito la struttura dei prezzi dei GGB: in calo vistoso le 2015 e 2016. Ma visto i volumi e come si muovono le altre...non ne beneficia nessuna.

 

[giub]

Sono tutti d'accordo: dai belgi ai tedeschi, dai francesi agli spagnoli ecc.
Non conosco la posizione inglese dove "tengono" un pò di GGB ...

La questione è legata alle garanzie dello swap.
Al momento i greci non ci sentono ... mentre le banche vorrebbero garanzie su" beni materiali ellenici" che passerebbero automaticamente in proprietà alle banche.
Anche qui, si potrebbero trovare delle vie di mediazione.
Personalmente mi viene in mente la stima del valore ... .

German banks want incentives for Greek debt rollover


Top German banks exposed to Greek sovereign bonds have started to play hard ball with EU governments by asking for further guarantees and incentives if they are to participate in a debt rollover.

Yesterday (20 June), the German Banking Federation issued a statement demanding better incentives before exposed banks are asked to extend repayments on their existing Greek debt with no strings attached.
The banks' reaction comes on the back of a political agreement struck between EU finance ministers at the weekend to encourage banks which hold Greek bonds due for repayment in the next three years to lengthen their exposure and buy bonds with a longer maturity.
The plan, dubbed 'Vienna plus' and modelled on the 2009 Vienna Initiative, has riled banks in Germany which, alongside French banks, are the most exposed to Greek sovereign bonds. Such a plan is seen as the cornerstone of any new rescue package for Greece.
In a carefully-worded statement, the German banking lobby said "the voluntary roll-overs are necessary to prevent the risk of contagion. Additional incentives, like preferred creditor status or additional guarantees, would help solve Greece's problems just as much as a political consensus on national reforms".
Greece is currently in the throes of a political crisis as its parliament is withholding support for austerity measures needed to guarantee an additional EU bailout package to the tune of €120 billion.
According to research conducted by Barclays, 95% of Greek debt is held within the euro zone by European banks.
Evolution Securities, an investment bank, carried out research estimating that Fortis, Dexia and SocGen have the highest exposure to possible haircuts. Barclays would be the biggest UK lender to be hit, with possible losses of 4.6 billion euros, while bailed out German lenders Hypo Real Estate and Depfa are together exposed to a total of 6.3 billion euros.
Sources in Brussels indicate that only very large banks and bailed-out lenders susceptible to government pressure and regulation will be hit by possible rollovers, while hedge funds will be let off the hook.
"There is no reason for hedge funds to agree to a rollover," said Sony Kapoor, founder of the Re-define think-tank.
Kapoor warns of a risk that Greek bonds will migrate to hedge funds and private equity groups as banks attempt to avoid an extension on the debt.
A spokesperson for the hedge fund industry insisted that fund exposure to Greek debt was comparatively low compared with banks, and that comments to the contrary stemmed from a growing political plot against fund traders.
"It is a red herring that hedge funds are heavily invested in the Greek crisis or have large exposures there," an anonymous industry representative said.

 

[Nobody's]

CRISI DEBITO, IN EUROPA "C'E' UNA CERTA ISTERIA" SU RISCHIO CONTAGIO - SACCOMANNI

Reuters - 24/06/2011 11:41:40

 

[giub]

Greece – is the end nigh?

Greece ? is the end nigh? | The Economic Voice

 

[giub]

Sono tutti d'accordo: dai belgi ai tedeschi, dai francesi agli spagnoli ecc.

German Banks Haven’t Reached Decision on Greece, Boersen Reports


bloomberg.net


By Niklas Magnusson - Jun 24, 2011 8:22 AM GMT+0200

German financial institutions have so far not reached a decision on participating in a Greek rescue by rolling over the country’s debt, Boersen-Zeitung reported today, without saying where it obtained the information.
The banks and insurers, which met with central bank representatives in Frankfurt on June 22, want a European Union guarantee on the Greek debt they may prolong the maturities on, the newspaper said. The German financial institutions will submit proposals before Sunday evening on the potential amount they are willing to roll over, Boersen-Zeitung reported.

 

[EDESMO]

Quindi bastano 9k per far crollare un titolo ... mitico

come tuo solito, hai fatto finta di non capire il senso vero del discorso

 

[Nobody's]

Greece-Troika In Agonizing Negotiations



The terms of privatizations and further spending cuts in wages, investment and social benefits have been the apple of discord between the Finance Ministry and the Troika.

The negotiations stopped late Thursday with ministry officials noting that the major issues have been finalized. They added that after the scheduled meeting between the two sides Friday morning focusing on “technical details”, the Implementation Law is communicated to the parties and the public.

Troika’s top officials had long negotiations with the Finance Ministry which reversed the government program and canceled FinMin’s trip to Brussels. The concerned intensified when Troika’s leaders decided to arrive in Athens.

Anxiety reached a peak when it was leaked that there is a gap of €3.5-3.8b in the program, after government made several “social” adjustments to the program. FinMin Evangelos Venizelos reassessed the gap at €5.5b at a press conference, announcing additional tax hikes.

While, the revenue measures finalized on Thursday afternoon, the front of expenditure measures remained open. The minister admitted that further spending cuts of €1.3b should be decided. An amount of €400m refers to operating spending in 2011.

Officials said that it is hard to cut further commodity spending and the burden would inevitably fall to the new payroll, social benefits and investments.

Regarding privatizations, the troika requires strict deadlines and terms of development of real estate assets and public companies through the new fund of state property development.

The minister committed that the fund would fully belong to the Greek State. A five-member board would be appointed with the consent of the public utilities commission. The two Eurozone and European Commission representatives would have a monitoring role .

(capital.gr)

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