Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 2
- Creatore Discussione tommy271
- Data di Inizio
- Stato
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Abulico
Forumer storico
Eh si'...in effetti sembrerebbe cosi'...resta il dubbio Bce...a quanto mi risulta gli spagnoli eran piuttosto contrariati all'idea che la Bce NON avrebbe subito perdite...
Ma se ci sono Cac e' "D"...non vedo come la Bce potrebbe essere esentata....i titoli in suo possesso sono uguali ai nostri....
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russiabond
Il mito, la leggenda.
L'unica speranza e' che non riescano a raggiungere il 60%...di adesioni"volontarie"...
...tirino dentro i volontari...e propongano offerte piu' consistenti a quelli rimasti fuori...
Servirebbero acquisti massicci a questi prezzi...da parte di hedge cazzuti....per mettere i bastoni tra le ruote a questa massa di ...figli di p....kulo...ink...e soci...
tommy271
Forumer storico
Le nostre speranze restano legate verso come muoverà la BCE, basta che non giochino "sporco" ...
tommy271
Forumer storico
Two Additional Measure Packages Expected Soon
The Legislative Act includes new settlement of arrears in 60 installments or without increase, acceleration by 6 months of deregulation in truck licenses, solution for Home Assistance program and favourable depiction of losses in companies affected by PSI program.
The settlement of supplementary pensions is not included in the Act, after the intense political disagreements. The Act was approved on Wednesday by the cabinet and is under finalization after the amendments made.
A new package of measures will follow, the third one during December. The new legislative text will have the form of a multi-law, and will be possible presented before the end of the year.
According to sources, the most important provision in the legislative act is the favourable treatment of private arrears, with instalments expected to double to 60.
Additionally, the Act has been proposed to include facilities to the banks participating in the Greek write-down program. It is planned to increase to 10 years from 5 years the record of losses resulting from the reduction of bond values.
There will be also provisions for the funding of Home Assistance program, settlement of municipal debt, completion of public information system, and acceleration of deregulation of truck licenses.
The ministries have been asked to complete the drafting of pending issues of labour reserve, shrinkage of public organizations and other commitments.
(capital.gr)
The Legislative Act includes new settlement of arrears in 60 installments or without increase, acceleration by 6 months of deregulation in truck licenses, solution for Home Assistance program and favourable depiction of losses in companies affected by PSI program.
The settlement of supplementary pensions is not included in the Act, after the intense political disagreements. The Act was approved on Wednesday by the cabinet and is under finalization after the amendments made.
A new package of measures will follow, the third one during December. The new legislative text will have the form of a multi-law, and will be possible presented before the end of the year.
According to sources, the most important provision in the legislative act is the favourable treatment of private arrears, with instalments expected to double to 60.
Additionally, the Act has been proposed to include facilities to the banks participating in the Greek write-down program. It is planned to increase to 10 years from 5 years the record of losses resulting from the reduction of bond values.
There will be also provisions for the funding of Home Assistance program, settlement of municipal debt, completion of public information system, and acceleration of deregulation of truck licenses.
The ministries have been asked to complete the drafting of pending issues of labour reserve, shrinkage of public organizations and other commitments.
(capital.gr)
tommy271
Forumer storico
Hungary Sovereign Debt Insurance Costs Rise After Downgrade
LONDON -- The cost of insuring Hungarian debt against default rose sharply Thursday after Standard & Poor's Corp. became the second ratings firm in less than a month to cut the country's credit rating to junk status on concerns over government policy and the impact that could have on growth.
Hungary's five-year credit default swaps pushed 28 basis points wider to 596 basis points, according to data-provider Markit.
As CDS are derivatives that function like a default insurance contract for debt, this means it now costs of average $596,000 a year to insure $10 million worth of debt sold by the country.
"The downgrade reflects our opinion that the predictability and credibility of Hungary's policy framework continues to weaken," Standard & Poor's said in a statement accompanying the one-notch downgrade to double-B-plus, the highest rating in junk territory.
"We believe this weakening is due, in part, to official actions that, in our opinion, raise questions about the independence of oversight institutions and complicate the operating environment for investors."
The outlook on the rating is negative, which means there is one-in-three chance of another downgrade in the next year if fiscal or external performance deteriorates, S&P said.
Last month, Moody's Investors Service Inc. cut Hungary to junk status citing uncertainty in meeting fiscal-consolidation targets and public sector debt-reduction goals.
Ratings peer Fitch still rates Hungary as investment grade, although many market participants widely expect them to cut soon.
"Hungary has now lost two of its three investment grade ratings and one should not be surprised if Fitch were to follow suit soon," Barclays Capital said in a note to clients.
Hungary's economy was one of the hardest hit in the region by the global slowdown, which helped to usher in the election of a more conservative governing party in 2010.
In April, the parliament approved a new constitution that--among other things--restrained the constitutional court's authority over taxation and budget, despite criticism from the European Union and United Nations.
(Dow Jones)
***
OT.
LONDON -- The cost of insuring Hungarian debt against default rose sharply Thursday after Standard & Poor's Corp. became the second ratings firm in less than a month to cut the country's credit rating to junk status on concerns over government policy and the impact that could have on growth.
Hungary's five-year credit default swaps pushed 28 basis points wider to 596 basis points, according to data-provider Markit.
As CDS are derivatives that function like a default insurance contract for debt, this means it now costs of average $596,000 a year to insure $10 million worth of debt sold by the country.
"The downgrade reflects our opinion that the predictability and credibility of Hungary's policy framework continues to weaken," Standard & Poor's said in a statement accompanying the one-notch downgrade to double-B-plus, the highest rating in junk territory.
"We believe this weakening is due, in part, to official actions that, in our opinion, raise questions about the independence of oversight institutions and complicate the operating environment for investors."
The outlook on the rating is negative, which means there is one-in-three chance of another downgrade in the next year if fiscal or external performance deteriorates, S&P said.
Last month, Moody's Investors Service Inc. cut Hungary to junk status citing uncertainty in meeting fiscal-consolidation targets and public sector debt-reduction goals.
Ratings peer Fitch still rates Hungary as investment grade, although many market participants widely expect them to cut soon.
"Hungary has now lost two of its three investment grade ratings and one should not be surprised if Fitch were to follow suit soon," Barclays Capital said in a note to clients.
Hungary's economy was one of the hardest hit in the region by the global slowdown, which helped to usher in the election of a more conservative governing party in 2010.
In April, the parliament approved a new constitution that--among other things--restrained the constitutional court's authority over taxation and budget, despite criticism from the European Union and United Nations.
(Dow Jones)
***
OT.
russiabond
Il mito, la leggenda.
...praticamente il contrario di quello che hanno fatto fino ad ora...
Non mi fido piu'...
...bsterebbe che attuassero' la volontarieta'...
PASTELLETTO
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Back online.
Chissà cosa cavolo era successo.
Risolto ripristinando le opzioni di fabbrica di internet explorer.
Chissà cosa cavolo era successo.
Risolto ripristinando le opzioni di fabbrica di internet explorer.
Baro
Umile contadino
Probabilmente le ire degli dei dell'Olimpo !!
giub
New Membro
Mah, visto le porcherie che stamno facendo, non mi stupirei se, alternativamente o meno:
- la Grecia "buybackia"
D) i titoli BCE al costo- la Grecia fa un accordo "separato" per la BCE
- la BCE, essendo uno degli attori principali, potrebbe fregarsene del D.
In sostanza quando tutti sono d'accordo (FMI, BCE, UE ecc) nel non rispettare le regole convenzionali, allora non esistono più regole. L'anno già premesso, quello che si farà per Grecia non si ripeterà, è una eccezione unica ed irripetibile. In sostanza lo swap CACato avverrebbe così: noi ci troviamo sul deposito titoli i nuovi bonds, la BCE no.
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