Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
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- Stato
gianfranco199
Forumer attivo
Ma è solo una combinazione,che con giornate di panic selling,che sicuramente continueranno,nonostante il recupero minimo di spread di ieri e della borsa italiana,una agenzia di rating, esca oggi ,dopo Grecia e Portogallo,con il terzo rating spazzatura sull'Irlanda?
tommy271
Forumer storico
FinMin calls for new support program
ANA-MPA/Greek Finance Minister Evangelos Venizelos called European finance ministers to complete all technical details of a new support program for Greece by the end of August and before the release of a sixth tranche of a 110-bln-euro loan agreement, during a Eurogroup meeting in Brussels on Monday.
According to sources, the Greek minister urged his Eurogroup counterparts to send to markets a clear message of stability in the Eurozone as the implementation of a lending program was a precondition for the sustainability of the public debt and the sustainability of the public debt was the basis of the program.
Eurogroup sources said the Greek minister acknowledged the difficulty facing several governments to participate in a new lending program to Greece without the participation of the private sector, while he stressed that he also acknowledged the European Central Bank's role in securing liquidity for Greece and the Greek economy in general.
"Greece is now a laboratory in which Eurozone's resistance is tested, while the protection of Greece is the self-protection of the Eurozone," the Greek minister said.
Venizelos reassured of the government's will to timely implement a program agreed with the troika and briefed the Eurogroup council over the appointment -in cooperation with other political parties- of a board council in newly set-up Privatization Fund.
He also underlined the significance of securing technical assistance from the European Commission and other Eurozone member-states on crucial issues, such as the battle against tax evasion and drafting a new National Tax System.
(ana.gr)
ANA-MPA/Greek Finance Minister Evangelos Venizelos called European finance ministers to complete all technical details of a new support program for Greece by the end of August and before the release of a sixth tranche of a 110-bln-euro loan agreement, during a Eurogroup meeting in Brussels on Monday.
According to sources, the Greek minister urged his Eurogroup counterparts to send to markets a clear message of stability in the Eurozone as the implementation of a lending program was a precondition for the sustainability of the public debt and the sustainability of the public debt was the basis of the program.
Eurogroup sources said the Greek minister acknowledged the difficulty facing several governments to participate in a new lending program to Greece without the participation of the private sector, while he stressed that he also acknowledged the European Central Bank's role in securing liquidity for Greece and the Greek economy in general.
"Greece is now a laboratory in which Eurozone's resistance is tested, while the protection of Greece is the self-protection of the Eurozone," the Greek minister said.
Venizelos reassured of the government's will to timely implement a program agreed with the troika and briefed the Eurogroup council over the appointment -in cooperation with other political parties- of a board council in newly set-up Privatization Fund.
He also underlined the significance of securing technical assistance from the European Commission and other Eurozone member-states on crucial issues, such as the battle against tax evasion and drafting a new National Tax System.
(ana.gr)
ferdo
Utente Senior
io vedo il future Dax positivo +0,33%
tommy271
Forumer storico
Sinceramente mi sarei aspettato un downgrade sull'Irlanda nel momento in cui ha iniziato a colpire pesantemente i bondholder, con il loro sistema bancario drammaticamente a pezzi.
A questo punto mi sembra tardivo, anche rispetto a quei piccoli chiarori dell'economia che vedono una ripresa del PIL.
Senz'altro aggiunge benzina al fuoco mentre i "periferici" riprendevano fiato.
tommy271
Forumer storico
Greece set to lose out on regional funds
By Dimitra Manifava
Greece stands to receive significantly less money in the context of the new National Strategic Reference Framework (NSRF) as the regions qualifying for the Target I bracket are set to drop from eight to three in the next period.
Even though the country’s economy is in deep recession, the European Commission’s preliminary proposal for the 2014-20 period is based on the gross domestic product of 2006-08, when Greece had positive growth rates. This means that only three regions of the country qualify for NSRF funding as a result of having a per capita GDP below the level of 75 purchasing power units.
The final negotiations and distribution of funds will not take place before the end of 2012, and the criteria for the qualification of regions and the years of reference may change. However a meeting held yesterday in Athens by the European Commission’s representation in Greece suggested that even with the use of 2009 data there would be very little change to the regional map of subsidies. As a result, Greece will have to seek more money from the Cohesion Fund, as other countries have also done in the past when experiencing financial difficulties.
The Commission’s proposal for the 2014-20 period shows that only the regions of East Macedonia and Thrace, Western Greece and Epirus would qualify as Target I areas. The Target II category would include Central Macedonia, Western Macedonia, Thessaly, the Peloponnese, the Ionian Islands and the Northern Aegean, as their per capita GDP stands at between 75 and 90 purchasing power units. Only Attica, the Southern Aegean and Crete have per capita GDP at over 90 PPUs and are classified in Target III.
For all 27 European Union member states, the budget for the cohesion policy amounts to 376 billion euros for the next funding period, which constitutes a 2 percent rise on the current period (2007-13). However, the bulk of that will go to Eastern European member states.
ekathimerini.com , Tuesday Jul 12, 2011 (22:57)
***
Qui bisogna dire a Barroso di fare un "codicillo ad personam" ...
Greece stands to receive significantly less money in the context of the new National Strategic Reference Framework (NSRF) as the regions qualifying for the Target I bracket are set to drop from eight to three in the next period.
Even though the country’s economy is in deep recession, the European Commission’s preliminary proposal for the 2014-20 period is based on the gross domestic product of 2006-08, when Greece had positive growth rates. This means that only three regions of the country qualify for NSRF funding as a result of having a per capita GDP below the level of 75 purchasing power units.
The final negotiations and distribution of funds will not take place before the end of 2012, and the criteria for the qualification of regions and the years of reference may change. However a meeting held yesterday in Athens by the European Commission’s representation in Greece suggested that even with the use of 2009 data there would be very little change to the regional map of subsidies. As a result, Greece will have to seek more money from the Cohesion Fund, as other countries have also done in the past when experiencing financial difficulties.
The Commission’s proposal for the 2014-20 period shows that only the regions of East Macedonia and Thrace, Western Greece and Epirus would qualify as Target I areas. The Target II category would include Central Macedonia, Western Macedonia, Thessaly, the Peloponnese, the Ionian Islands and the Northern Aegean, as their per capita GDP stands at between 75 and 90 purchasing power units. Only Attica, the Southern Aegean and Crete have per capita GDP at over 90 PPUs and are classified in Target III.
For all 27 European Union member states, the budget for the cohesion policy amounts to 376 billion euros for the next funding period, which constitutes a 2 percent rise on the current period (2007-13). However, the bulk of that will go to Eastern European member states.
ekathimerini.com , Tuesday Jul 12, 2011 (22:57)
***
Qui bisogna dire a Barroso di fare un "codicillo ad personam" ...
tomcat
Forumer attivo
perchè gli organi di vigilanza (e gli stakeholders tutti) non pretendono che i lanci delle agenzie di rating vengano fatti con scadenze prefissate, magari anche molto frequenti, anzichè, come oggi, con tempistica maliziosa ( e apparentemente volta a favorire le operazione al ribasso di goldman sachs e di qualche hedge ben introdotto) ?
potrebbe essere un tema da proporre alla nascente lobby
Ultima modifica:
tommy271
Forumer storico
Giusta osservazione.
Potrebbero pubblicare le loro osservazioni su base trimestrale prefissata.
Il rovescio della medaglia consiste però che nel lasso di tempo tra un report e l'altro possa succedere di tutto.
tommy271
Forumer storico
Greece, EU dance around issue of default
Athens rejects possibility as eurozone tries to find formula for private sector involvement in bailout
There was a difference of opinion at the European level on Tuesday over whether members of the eurozone are prepared to allow Greece to default, a possibility that Athens still rejects, following talks between finance ministers.
A lengthy meeting of ministers on Monday failed to conclude on a common position to tackle Greece’s debt crisis but there appeared to be an acceptance that the private sector would have to be involved. Among the ideas that were discussed were longer debt maturities for Greece, lower rates and the possibility of Greek bonds being bought back, possibly through the European Financial Stability Facility (EFSF).
Dutch Finance Minister Jan Kees de Jager said on Tuesday that the direction of Monday’s talks means that a “selective default” for Greece is no longer off the table. “We have managed to break the knot of a contradictory statement saying that you want substantial private sector involvement and, on the other hand, you want to avoid a selective default,” de Jager said.
However, this interpretation was rejected by some of the other ministers as well as Greece’s Evangelos Venizelos, who said that it was not yet clear how the private sector would be involved in helping Greece overcome its debt problems.
“European Central Bank President Jean-Claude Trichet told me that there are 36 different scenarios being examined with regard to private sector involvement,” Venizelos told journalists in Athens on Tuesday. “Selective default is not a real event, it is an assessment. We must not convert a perception into reality, into a self-fulfilling prophecy.”
In the meantime, Athens will push for the EU and the International Monetary Fund to arrive at a decision about a second bailout. Government sources said Greece would need to receive its next loan installment by September 14.
IMF Managing Director Christine Lagarde expressed support for a more comprehensive solution to Greece’s debt problems. “We welcome the [Eurogroup] ministers’ recognition of the need for a broader, more forward-looking response to assist Greece in its efforts to restore growth and competitiveness and to bolster debt sustainability,” she said. “The IMF will continue to work closely with Greece and European partners to support these objectives.”
Papandreou will have the opportunity to press his EU counterparts at an emergency summit on Friday. He will follow this up with trips to visit German Chancellor Angela Merkel and French President Nicolas Sarkozy. Papandreou wrote to the head of the Eurogroup, Jean-Claude Juncker, to call for a more comprehensive solution to Greece’s debt problems but also the “contagion of doubt” threatening the euro. “There is no room for indecision and mistakes... such as allowing cacophony to substitute for a common agenda and create more panic than security,” he wrote.
ekathimerini.com , Tuesday Jul 12, 2011 (22:44)
Athens rejects possibility as eurozone tries to find formula for private sector involvement in bailout
A lengthy meeting of ministers on Monday failed to conclude on a common position to tackle Greece’s debt crisis but there appeared to be an acceptance that the private sector would have to be involved. Among the ideas that were discussed were longer debt maturities for Greece, lower rates and the possibility of Greek bonds being bought back, possibly through the European Financial Stability Facility (EFSF).
Dutch Finance Minister Jan Kees de Jager said on Tuesday that the direction of Monday’s talks means that a “selective default” for Greece is no longer off the table. “We have managed to break the knot of a contradictory statement saying that you want substantial private sector involvement and, on the other hand, you want to avoid a selective default,” de Jager said.
However, this interpretation was rejected by some of the other ministers as well as Greece’s Evangelos Venizelos, who said that it was not yet clear how the private sector would be involved in helping Greece overcome its debt problems.
“European Central Bank President Jean-Claude Trichet told me that there are 36 different scenarios being examined with regard to private sector involvement,” Venizelos told journalists in Athens on Tuesday. “Selective default is not a real event, it is an assessment. We must not convert a perception into reality, into a self-fulfilling prophecy.”
In the meantime, Athens will push for the EU and the International Monetary Fund to arrive at a decision about a second bailout. Government sources said Greece would need to receive its next loan installment by September 14.
IMF Managing Director Christine Lagarde expressed support for a more comprehensive solution to Greece’s debt problems. “We welcome the [Eurogroup] ministers’ recognition of the need for a broader, more forward-looking response to assist Greece in its efforts to restore growth and competitiveness and to bolster debt sustainability,” she said. “The IMF will continue to work closely with Greece and European partners to support these objectives.”
Papandreou will have the opportunity to press his EU counterparts at an emergency summit on Friday. He will follow this up with trips to visit German Chancellor Angela Merkel and French President Nicolas Sarkozy. Papandreou wrote to the head of the Eurogroup, Jean-Claude Juncker, to call for a more comprehensive solution to Greece’s debt problems but also the “contagion of doubt” threatening the euro. “There is no room for indecision and mistakes... such as allowing cacophony to substitute for a common agenda and create more panic than security,” he wrote.
ekathimerini.com , Tuesday Jul 12, 2011 (22:44)
tomcat
Forumer attivo
proprio per questo potrebbe essere previsto un termine molto frequente
ovviamente anche l'assenza di comunicazioni in corrispondenza della finestra report avrebbe un significato non trascurabile e comporterebbe assunzione di responsabilità da parte della agenzia
ps: spostiamo il dialogo sull'altro 3d?
- Stato
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