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

[tommy271]

Greek Banks Suffer Heavy Losses Amid Debt Discussions



Greek banks suffered severe pressures on Wednesday in the wake of the four-notch downgrade of Portugal’s ratings by Moody’s and amid developments about the fate of the French proposal for the rollover of Greek debt.

Market analysts comment that all indications point that the final agreement will not be easy and it would require a long time until EU leaders bridge the gap of their disagreements and reach an understanding with rating agencies.

UBS analyst Edel Tully said in a report that Portugal’s slide to “junk” category just two months after the country received a bailout package is a reminder that the problem of sovereign debt in the euro area is a long way to a definitive solution.

Merit Securities said in its report that any more delays in decision-making act as a check on maintaining of the upward momentum in ASE. Merit does not anticipate any concrete decisions in the upcoming Eurogroup meeting, and this could prevent the break of 1,340 resistance level, which seems very strong.

It added that if the situation is clarified soon, a mini rally up to 1,390 units is possible. On the other hand, if decisions are postponed until September, the support level of 1,200 units would be tested again.
On the board, the General Index moved into negative territory throughout the trading session and closed at 1,265.78 units, with losses of 1.75% (intraday losses reached 2.25%). Approximately 26.24 million units worth €77.6 million traded on Wednesday, while a total amount of 95 shares declined, 34 rose and 151 remained unchanged.

Banking index posted intraday losses of 5.41%, before ending at 954.44 units, with losses of 4.62% and all of its shares in red.

Viohalco and Coca Cola 3E topped FTSE20 with profits of 1.90% and 1.30% respectively, while only Ellaktor and Hellenic Petroleum followed on positive grounds with gains of 1.21% and 108% respectively.

On the other hand, ATEBank fell by 15.63%. Piraeus Bank and MIG declined by 5.50% and 4.84% respectively, while National Bank ended down 4.55% at €4.82.

(capital.gr)

 

[tommy271]

"qualcuno" si deve essere impossessato della password di iMark...

Musica di fine giornata:

[ame]http://www.youtube.com/watch?v=WfGXYkfLJ4s&feature=related[/ame]

 

[Imark]

Non so se è sfuggito a me (ho letto poco in questi giorni) ma è quasi passata senza commento da parte della financial press la notizia per cui l'esposizione residua delle banche tedesche ai Tds greci, quale indicata da Schauble, è oggi inferiore ai 10 mld euro, contro i 20-26 stimati dalle varie fonti giornalistiche fino a pochi giorni prima dell'annuncio.

Negli ultimi mesi, sembrerebbe, ll sistema bancario tedesco si è sbarazzato di oltre 10 mld euro di carta sovereign greca.

Errata corrige: oggi se ne dovrebbe essere accorto il WSJ ... ma non trovo l'articolo...

Crisi: Wsj, salvataggio Grecia a rischio, mancano bond

Banche hanno gia' venduto titoli che dovrebbero 'allungare'


(ANSA) - ROMA, 6 LUG - ''Le speranze dell'Europa per un significativo contributo degli obbligazionisti privati ad un nuovo salvataggio della Grecia si stanno riducendo, visto che diventa sempre piu' chiaro come le banche si siano liberate di una quota significativa dei titoli di Stato di Atene, nonostante gli inviti da parte di molti ad evitare tali vendite''. Inizia cosi' un lungo articolo in prima pagina sul Wall Street Journal che getta nuove ombre sul salvataggio della Grecia. Il Paese ha circa 64 miliardi di euro di titoli in scadenza nei prossimi tre anni e diversi leader dell'Eurozona speravano che le banche che ne posseggono una gran parte avrebbero deciso di continuare a tenerli, allungandone le scadenze, in modo da dare sollievo alle finanze elleniche. Si e' parlato di una partecipazione privata per 30 miliardi di euro di titoli, ma ''questo target appare irrealistico'', spiega il Wsj: ''il problema e' che banche e assicuratori al tavolo delle trattative non detengono piu' cosi' tanto debito in scadenza al 2014, come invece succedeva un anno fa''.(ANSA).

 

[Yunus80]

"qualcuno" si deve essere impossessato della password di iMark...

scualcuno, intendevi per caso?

Scherzi a parte, se va avanti così salvare la grecia rischia di essere impresa analoga a quel che Giolitti pensava riguardo al governare gli italiani - non impossibile, inutile

 

[Imark]

"qualcuno" si deve essere impossessato della password di iMark...

Paolo, sono l'originale ...

Nelle fila dei coniglioni lotofagi mi annovero senza difficoltà: quando vedo rendimenti che non capisco, non compro.

Non è un caso se i coniglioni, lotofagi e non, prosperano, a differenza dei coniglioni senza il "ni" centrale, quale che sia il loro regime alimentare...

Per non parlare poi degli scuali che, fra ghiotti cedoloni e lauti dividendi, sono finiti dritti spediti nell'elenco delle specie a rischio estinzione...

 

[Imark]

scualcuno, intendevi per caso?

Scherzi a parte, se va avanti così salvare la grecia rischia di essere impresa analoga a quel che Giolitti pensava riguardo al governare gli italiani - non impossibile, inutile

Marco, finiremo per dover sollecitare il lavoro dei nuovi mod per il trasferimento in cazzeggio di tutta la sequenza...

 

[tommy271]

scualcuno, intendevi per caso?

Scherzi a parte, se va avanti così salvare la grecia rischia di essere impresa analoga a quel che Giolitti pensava riguardo al governare gli italiani - non impossibile, inutile

Giolitti governò a lungo, suo malgrado.
E gli italiani sono ancora qui ...

 

[Baro]

Errata corrige: oggi se ne dovrebbe essere accorto il WSJ ... ma non trovo l'articolo...

Crisi: Wsj, salvataggio Grecia a rischio, mancano bond

Banche hanno gia' venduto titoli che dovrebbero 'allungare'


(ANSA) - ROMA, 6 LUG - ''Le speranze dell'Europa per un significativo contributo degli obbligazionisti privati ad un nuovo salvataggio della Grecia si stanno riducendo, visto che diventa sempre piu' chiaro come le banche si siano liberate di una quota significativa dei titoli di Stato di Atene, nonostante gli inviti da parte di molti ad evitare tali vendite''. Inizia cosi' un lungo articolo in prima pagina sul Wall Street Journal che getta nuove ombre sul salvataggio della Grecia. Il Paese ha circa 64 miliardi di euro di titoli in scadenza nei prossimi tre anni e diversi leader dell'Eurozona speravano che le banche che ne posseggono una gran parte avrebbero deciso di continuare a tenerli, allungandone le scadenze, in modo da dare sollievo alle finanze elleniche. Si e' parlato di una partecipazione privata per 30 miliardi di euro di titoli, ma ''questo target appare irrealistico'', spiega il Wsj: ''il problema e' che banche e assicuratori al tavolo delle trattative non detengono piu' cosi' tanto debito in scadenza al 2014, come invece succedeva un anno fa''.(ANSA).

Sì Imark l'ho postato stamattina.

 

[tommy271]

IIF's Dallara: Selective Default Wouldn't Derail Greece Efforts - Bloomberg TV



PARIS-Greece's efforts to emerge from its sovereign debt crisis need not be derailed by a temporary period of "selective default," Charles Dallara, the managing director of the Institute of International Finance said Wednesday.
Dallara was speaking to Bloomberg TV after a meeting of banks in Paris on a private sector contribution to alleviate Greece's debt crisis.
The banks are trying to figure out a way to participate in a deal to repackage Greece's debts so that European taxpayers do not have to supply all the funds--but they want to do so in a way that avoids Greece being declared in default. A default might lead to contagion to other euro-zone countries struggling with debt, and might also affect the ability of Greek banks to post collateral with the European Central Bank.
Standard and Poor's said Monday that a French plan to rollover part of Greece's debt would leave bondholders worse off, and therefore would probably lead to Greece being declared in "selective default." But Dallara said this might not be as dire as expected, if the default was selective and temporary.
"It may well be that some rating agencies reach judgments that involve a selective default," he said. "I don't think that a temporary period of selective default as it has been narrowly framed for sovereigns in the past is necessarily the worst thing that could happen here."



(Bloomberg)

 

[tommy271]

Greek premier warns against descent into lawlessness






Wed Jul 6, 2011 12:17pm EDT

* Papandreou warns against further unrest
* Wants a committee to crack down on lawlessness
* Warns that democracy is at stake

By Harry Papachristou


ATHENS, July 6 (Reuters) - Prime Minister George Papandreou warned on Tuesday that violent protests against spending cuts to satisfy international lenders threatened to lead to the kind of barbarism that in the past had derailed democracy in Greece.
The austerity required in exchange for a bailout for debt-ridden Greece has sparked attacks on politicians and bloody demonstrations on the streets of Athens, where hooded youths have fought running battles with riot police.
In a reference to the installation of the military junta that ruled Greece from 1967 to 1974, Papandreou told a cabinet meeting that undermining democratic institutions in the past had led to a "derailment of democracy".
"We must all learn from history," he said.
The austerity package, that included wage cuts and tax rises, was imposed amid the deepest recession since the restoration of democracy and has been deeply unpopular.
Clearly worried about law and order, the prime minister called for an inter-party parliamentary committee to be set up to decide on new measures, within the framework of existing law, "to protect and better manage public gatherings and policing."
In comments to the cabinet meeting, which were televised nationally, Papandreou said: "A state ruled by law cannot tolerate any spontaneous or organised violence. Everybody must realise that the attacks against parliament, MPs and other citizens are mutilating democracy und undermining civil rights.
"They are creating conditions for even more lawlessness, more insecurity, finally hurting the weak and the nation."


RIOTS, ATTACKS, ABUSE OF LAWMAKERS
Papandreou said there were extremist political groups seeking to exploit Greece's crisis which were encouraging "riots, attacks, the abuse against MPs and political parties ...
"Blockades, violence and the attempt at ideological terrorism have no place in a democracy, in public spaces, in universities, squares, neighbourhoods and the media."
Protesters have marched through the capital shouting slogans, banging drums and carrying banners attacking the terms of the bailout many Greeks feel imposes harsh penalties on ordinary pensioners and workers while sparing the rich.
Ordinary Greeks also want to hold politicians accountable for the state of the nation's finances and protesters who gather every night before parliament chant: "Thieves, Thieves!"
There have been a series of attacks on and threats to members of the ruling PASOK socialist party and some politicians have been forced to cancel engagements including Papandreou.
Protesters threw eggs and yoghurt at one PASOK lawmaker in the central city of Lamia while others threw bottles and a chair at a PASOK deputy as he left parliament.
Riot police are now stationed in the streets surrounding Syntagma Square in central Athens which became the epicentre of protest where violent clashes have taken place and where activists camp out maintaining a 24-hour vigil.
Having seen the ferocity of the attacks by hard-core protesters on police, Papandreou was at pains to emphasise that freedom of speech must be within the rule of law.
"It is not a democratic right of the fanatics to arbitrarily threaten fellow citizens and human beings. It is not their democratic right to do whatever they like," he said.
Athenian democracy, dating back to around 500 BC, is one of the world's oldest and although other Greek cities set up their own democracies none was as powerful.
In Greece's modern history a group of army colonels seized power in April 1967 and seven years later the military junta collapsed, democracy was restored and the monarchy was abolished.