Nobody's
Γένοιο οἷος εἷ
Vediamo cosa esce invece dal trio: Italia/Germania/Francia.
Credo avranno molto da imparare
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 2 (3 lettori)
- Creatore Discussione tommy271
- Data di Inizio
- Stato
Vediamo cosa esce invece dal trio: Italia/Germania/Francia.
Credo avranno molto da imparare
giutrader
Forumer attivo
Vedo lo spread a 2.443 dai 3.200 di giovedì. Sbaglio o mi sono fumato quacche cosa senza saperlo?
ferdo
Utente Senior
Vedo lo spread a 2.443 dai 3.200 di giovedì. Sbaglio o mi sono fumato quacche cosa senza saperlo?
lo spread scende ma i book sempre lì sono
Nobody's
Γένοιο οἷος εἷ
UPDATE 1-Moody's keeps Irish banks on negative
Reuters - 21/11/2011 10:01:33
(Adds detail, quotes)
* Moody's says fresh capital positive but big concerns remain
* Govt austerity will hit banks' profitability
DUBLIN, Nov 21 (Reuters) - Credit rating agency Moody's has retained its negative outlook for Ireland's banks as it said state recapitalisation only partly offset weak funding and liquidity profiles and a challenging business environment.
Dublin has put almost 63 billion euros ($85 billion) into its banks following a disastrous property binge and believes its latest recapitalisation drive, following fresh stress tests in March, drew a line under the country's banking crisis.
However, Irish-based banks are still reliant on their own central bank for almost 50 billion euros of emergency funding and on the European Central Bank for over twice that due to tens of billions of euros in deposit outflows and their inability to raise money on the interbank lending markets.
"The capital is obviously positive, but there are still big concerns around the funding profile, the challenging operating environment and obviously the impact that's going to have on profitability," Ross Abercromby, senior analyst at Moody's, told Reuters in an interview.
"Through its support for the troubled banking sector in recent years, the government has significantly weakened its own credit profile. The banks now have to deal with the implications of this as the government aims to reduce its debt burden and restore its financial flexibility."
Moody's, whose outlook reflects its expectations for the sector over the next 12-18 months, said the Irish government's target of 12.4 billion euros in fresh austerity measures over the next four years would place considerable pressure on the country's recovery prospects.
It said this in turn would have a significant impact on banks' profitability, impair pre-provision earnings and is already leading to a weakening of already poor asset quality.
Abercromby said Irish lenders had enough capital to cope with loan losses under Moody's stress-case scenario and that while he expected the banks' emergency funding to remain relatively high, it should fall as the banks' deleveraging process continued.
Under the country's EU-IMF bailout, lenders have to shrink their balance sheets by 73 billion euros by the end of 2013 and Abercromby said that with European-wide deleveraging about to begin, the location of assets could dictate whether Irish lenders can stay on target.
"It's when the banks start to sell their Irish assets that it is going to prove most problematic. Our assumption would be that they are saved for later on in the process," he said.
Reuters - 21/11/2011 10:01:33
(Adds detail, quotes)
* Moody's says fresh capital positive but big concerns remain
* Govt austerity will hit banks' profitability
DUBLIN, Nov 21 (Reuters) - Credit rating agency Moody's has retained its negative outlook for Ireland's banks as it said state recapitalisation only partly offset weak funding and liquidity profiles and a challenging business environment.
Dublin has put almost 63 billion euros ($85 billion) into its banks following a disastrous property binge and believes its latest recapitalisation drive, following fresh stress tests in March, drew a line under the country's banking crisis.
However, Irish-based banks are still reliant on their own central bank for almost 50 billion euros of emergency funding and on the European Central Bank for over twice that due to tens of billions of euros in deposit outflows and their inability to raise money on the interbank lending markets.
"The capital is obviously positive, but there are still big concerns around the funding profile, the challenging operating environment and obviously the impact that's going to have on profitability," Ross Abercromby, senior analyst at Moody's, told Reuters in an interview.
"Through its support for the troubled banking sector in recent years, the government has significantly weakened its own credit profile. The banks now have to deal with the implications of this as the government aims to reduce its debt burden and restore its financial flexibility."
Moody's, whose outlook reflects its expectations for the sector over the next 12-18 months, said the Irish government's target of 12.4 billion euros in fresh austerity measures over the next four years would place considerable pressure on the country's recovery prospects.
It said this in turn would have a significant impact on banks' profitability, impair pre-provision earnings and is already leading to a weakening of already poor asset quality.
Abercromby said Irish lenders had enough capital to cope with loan losses under Moody's stress-case scenario and that while he expected the banks' emergency funding to remain relatively high, it should fall as the banks' deleveraging process continued.
Under the country's EU-IMF bailout, lenders have to shrink their balance sheets by 73 billion euros by the end of 2013 and Abercromby said that with European-wide deleveraging about to begin, the location of assets could dictate whether Irish lenders can stay on target.
"It's when the banks start to sell their Irish assets that it is going to prove most problematic. Our assumption would be that they are saved for later on in the process," he said.
PASTELLETTO
Guest
Se questa crisi ce la risolve Monti, alla faccia dell'italianità, ci devono baciare il cul0 in maniera trentennale.
Nobody's
Γένοιο οἷος εἷ
Vedo lo spread a 2.443 dai 3.200 di giovedì. Sbaglio o mi sono fumato quacche cosa senza saperlo?
Vero, non ti sei fumato niente...va tranquillo
tommy271
Forumer storico
Negli anni buoni abbiamo aumentato il debito, fruendo dei bassi tassi di interesse.
Ora con la recessione alle porte tutto è in salita.
Nobody's
Γένοιο οἷος εἷ
La verità è che i tedeschi hanno inseguito i propri interessi, ma hanno perso il controllo. La Francia ha fatto da tira-piede, inutile dire che inseguendo quella posizione si è rovinata con le sue stesse mani.
Ora il premier Italiano è stato sostituito con uno che le capacità le ha sul serio, e molto più di loro "ci vuole poco oserei dire".
Vediamo l' impronta, che secondo me ci sarà.
tommy271
Forumer storico
Tutto regolare, ma i nostri prezzi sono inchiodati.
Ulteriore prova che i titoli sono illiquidi e basta un niente per alterare i dati.
- Stato