bosmeld
Forumer storico
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Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
- Creatore Discussione Imark
- Data di Inizio
- Stato
IL MARATONETA
Forumer storico
in effetti le reazioni in borsa non sono entusiasmanti....
tommy271
Forumer storico
UPDATE 1-German finance sector to contribute 3.2 bln eur to Greece
Thu Jun 30, 2011 10:47am EDT
* German banks, insurers to share 3.2 bln euros of Greek aid
* Schaeuble: confident details will be finalised Sunday
* Deutsche Bank CEO says French model needs tweaking (Adds quotes, background)
By Annika Breidthardt
BERLIN, June 30 (Reuters) - Germany's financial institutions will contribute 3.2 billion euros to a Greek rescue, the details of which still have to be finalised, German Finance Minister Wolfgang Schaeuble said on Thursday.
"This concerns debt maturing by 2014 of about 2 billion euros. Added to this are German bad banks ... which we will ask to contribute, which have debt maturing of 1.2 billion euros, so that we expect maturities of 3.2 billion euros in total," Schaeuble told a news conference, stressing that that was "relatively limited".
The amount due by 2014 would be reoffered, Schaeuble said after meeting with the heads of top German financial institutions.
Euro zone policymakers are working on a second assistance package for Greece of a similar magnitude to last year's 110 billion euros bailout and want private bondholders' involvement to account for around 30 billion euros of that.
French banks and insurers have the biggest exposure among foreign holders of Greek debt. Greek banks have little choice but to roll over their holdings.
German financial institutions hold Greek bonds worth roughly 10 billion euros, of which about 55 percent mature after 2020, Schaeuble said.
He also told reporters he was confident a solution would be agreed on Sunday, when euro zone finance ministers meet in Brussels. He added it was not crucial how this contribution would be reached but that it would be achieved.
"We are not completely done with the finalisation. Work will be done today and tomorrow," he said.
French banks have reached an outline agreement to roll over holdings of maturing Greek bonds as part of a wider European plan to avoid sovereign default. Politicians and bankers are confident it can be adopted without triggering a default or a payout in credit insurance.
"We are convinced Greece has to be helped further," said Josef Ackermann, CEO of Germany's largest bank Deutsche Bank.
"We are taking the French draft as a basis but will build in modifications and are very confident we will find a solution that will give satisfactory answers to all participant."
There is huge political emphasis on the participation of banks and insurers being fully voluntary, in order to avoid a default scenario. Berlin insists that their contribution must be "substantial" but it has dropped proposal for a full bond swap.
Deutsche Bank's Ackermann clashed with German Chancellor Angela Merkel and Schaeuble at a conference on Wednesday, saying his bank would help Greece to "avoid the collapse of the entire system", but was not happy about it and could face writedowns.
Thu Jun 30, 2011 10:47am EDT
* German banks, insurers to share 3.2 bln euros of Greek aid
* Schaeuble: confident details will be finalised Sunday
* Deutsche Bank CEO says French model needs tweaking (Adds quotes, background)
By Annika Breidthardt
BERLIN, June 30 (Reuters) - Germany's financial institutions will contribute 3.2 billion euros to a Greek rescue, the details of which still have to be finalised, German Finance Minister Wolfgang Schaeuble said on Thursday.
"This concerns debt maturing by 2014 of about 2 billion euros. Added to this are German bad banks ... which we will ask to contribute, which have debt maturing of 1.2 billion euros, so that we expect maturities of 3.2 billion euros in total," Schaeuble told a news conference, stressing that that was "relatively limited".
The amount due by 2014 would be reoffered, Schaeuble said after meeting with the heads of top German financial institutions.
Euro zone policymakers are working on a second assistance package for Greece of a similar magnitude to last year's 110 billion euros bailout and want private bondholders' involvement to account for around 30 billion euros of that.
French banks and insurers have the biggest exposure among foreign holders of Greek debt. Greek banks have little choice but to roll over their holdings.
German financial institutions hold Greek bonds worth roughly 10 billion euros, of which about 55 percent mature after 2020, Schaeuble said.
He also told reporters he was confident a solution would be agreed on Sunday, when euro zone finance ministers meet in Brussels. He added it was not crucial how this contribution would be reached but that it would be achieved.
"We are not completely done with the finalisation. Work will be done today and tomorrow," he said.
French banks have reached an outline agreement to roll over holdings of maturing Greek bonds as part of a wider European plan to avoid sovereign default. Politicians and bankers are confident it can be adopted without triggering a default or a payout in credit insurance.
"We are convinced Greece has to be helped further," said Josef Ackermann, CEO of Germany's largest bank Deutsche Bank.
"We are taking the French draft as a basis but will build in modifications and are very confident we will find a solution that will give satisfactory answers to all participant."
There is huge political emphasis on the participation of banks and insurers being fully voluntary, in order to avoid a default scenario. Berlin insists that their contribution must be "substantial" but it has dropped proposal for a full bond swap.
Deutsche Bank's Ackermann clashed with German Chancellor Angela Merkel and Schaeuble at a conference on Wednesday, saying his bank would help Greece to "avoid the collapse of the entire system", but was not happy about it and could face writedowns.
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ferdo
Utente Senior
quelle in borsa penso che dipendano anche dalla ns. finanziaria
ma quella dei tds greci era da auspicarsi più vivace ...
d'altronde chi kap.xo se li compra?! non certo le banche che rollano
giub
New Membro
In effetti anche secondo me uno dei motivi potrebbe essere quello....se poi sarai "obbligato" a rollare....gli unici che potrebbero avere incentivi a comprare sarebbe il retail...
tommy271
Forumer storico
ASE Maintains A Three-Day Upward Streak
The General Index of ASE moved upwards for a third consecutive session –the biggest run since mid-March-, moving into positive territory throughout the trading.
Greek banks recorded profits of 1.3%, although they failed to maintain intraday gains of 3.07%. The performance of ATEBank, OTE and OPAP stood out on FTSE20.
Thursday’s rise occurred in moderate volume and turnover, in the wake of yesterday’s vote for the medium-term fiscal program and today’s vote for the Implementation Act.
Market analysts comment that both votes are positive developments for the market, ending a long period of intense uncertainty, but the sentiment remains fragile.
The attention is now turning to the extraordinary meeting of the Eurogroup, and whether European officials will proceed with concrete decisions on the new support program to Greece. An important part of the plan will be the rollover of Greek debt, with the developments so far appearing positive after the agreement of French and German banks on voluntary participation. However, crucial details are to be clarified.
Volatility is most likely to continue, but the downside risk is gradually reducing and the trend of the market will be clearer next week, when the Eurogroup outcome is known.
On the board, the General Index ended at 1,279.06 units, with profits of 1.12%. Approximately 20.56 million units worth €70.91m, while 69 shares rose, 58 declined and 153 remained unchanged.
Banks ended at 977.95 units, with only Proton Bank and Hellenic Postbank on negative territory.
On FTSE20, ATEBank jumped by 9.68%, while OTE and OPAP rose by 4.05% and 3.97% at €6.43 and €10.75 respectively. Ellaktor gained more than 3% at €2.47, while PPC and National Bank recorded profits of 2.81% and 2.49% respectively.
(capital.gr)
The General Index of ASE moved upwards for a third consecutive session –the biggest run since mid-March-, moving into positive territory throughout the trading.
Greek banks recorded profits of 1.3%, although they failed to maintain intraday gains of 3.07%. The performance of ATEBank, OTE and OPAP stood out on FTSE20.
Thursday’s rise occurred in moderate volume and turnover, in the wake of yesterday’s vote for the medium-term fiscal program and today’s vote for the Implementation Act.
Market analysts comment that both votes are positive developments for the market, ending a long period of intense uncertainty, but the sentiment remains fragile.
The attention is now turning to the extraordinary meeting of the Eurogroup, and whether European officials will proceed with concrete decisions on the new support program to Greece. An important part of the plan will be the rollover of Greek debt, with the developments so far appearing positive after the agreement of French and German banks on voluntary participation. However, crucial details are to be clarified.
Volatility is most likely to continue, but the downside risk is gradually reducing and the trend of the market will be clearer next week, when the Eurogroup outcome is known.
On the board, the General Index ended at 1,279.06 units, with profits of 1.12%. Approximately 20.56 million units worth €70.91m, while 69 shares rose, 58 declined and 153 remained unchanged.
Banks ended at 977.95 units, with only Proton Bank and Hellenic Postbank on negative territory.
On FTSE20, ATEBank jumped by 9.68%, while OTE and OPAP rose by 4.05% and 3.97% at €6.43 and €10.75 respectively. Ellaktor gained more than 3% at €2.47, while PPC and National Bank recorded profits of 2.81% and 2.49% respectively.
(capital.gr)
- Stato
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