policeman
Forumer storico
il popolo greco conta poco a condizione non fa una revoluzione.il famoso motto greco,io rubo-tu rubi-noi rubbiamo,tutti assieme perche c'e la mucca grassa che accetta di pagare il conto UE
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 2 (4 lettori)
- Creatore Discussione tommy271
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il popolo greco conta poco a condizione non fa una revoluzione.il famoso motto greco,io rubo-tu rubi-noi rubbiamo,tutti assieme perche c'e la mucca grassa che accetta di pagare il conto UE
velico
Forumer attivo
questa ultimissima di estameini cita bloomberg news come fonte e mi sembra importante solo che bisogna tradurreEU plans Greek debt buyback open to all investors
The buyback of Greek debt, part of the nation’s second bailout, should be broad-based and occur at the same time as a bond swap now being negotiated, according to a European Union planning document.
The document, which wasn’t intended for release to the markets, says the operation would be open to all investors and include all of Greece’s outstanding government bonds. It also recommends making the buyback conditional on the debt swap, in order to minimize the amount of time that rating companies consider Greece to be in “selective default.”
Greece could buy back its debt through a modified Dutch auction using short-term discount bills issued by the European Financial Stability Facility. The document, obtained by Bloomberg News, envisions the EFSF as the only source of funding for the buyback operation.
“If the offer is for EFSF short-term paper rather than cash, each bidder will make its own decision how to value the EFSF bills,” the document says. “Bidding will simply be made by reference to the principle amount of bills each bidder requires in exchange for 100 euros” of Greek bonds.
The buyback, which EU and banking industry officials estimate at 20 billion euros ($27 billion), is part of a rescue package agreed upon by EU leaders on July 21, which includes 109 billion euros in public funds and the voluntary debt swap for bondholders. The buyback is likely to offer more overall debt reduction for Greece than the accompanying bond swap, the internal EU document said.
Standard & Poor’s has indicated that a conditional buyback offer “will postpone a determination” that Greece is in temporary default until the debt swap closes, the document said. Without this condition, Greece would be placed in selective default as soon as the buyback offer is announced.
Greece would have the ability to set a minimum price and decide how to set the final clearing price for the auction. Modified Dutch auctions are used in many countries, including the US, for selling and buying back debt because they offer flexibility in gauging demand and pricing.
“The principal objectives of the buyback are to reduce the stock of Greece’s outstanding debt to the greatest extent possible at the lowest possible price,” the document says.
By giving the buyback a broad scope, it will be available to bondholders who aren’t eligible for the debt swap, according to the document. “The Hellenic Republic and its advisers believe that the buyback should encompass all Greek government bonds and not be limited to bonds maturing after 2020 or some other date.” (Bloomberg)
Sunday September 25, 2011 (20:51)
The document, which wasn’t intended for release to the markets, says the operation would be open to all investors and include all of Greece’s outstanding government bonds. It also recommends making the buyback conditional on the debt swap, in order to minimize the amount of time that rating companies consider Greece to be in “selective default.”
Greece could buy back its debt through a modified Dutch auction using short-term discount bills issued by the European Financial Stability Facility. The document, obtained by Bloomberg News, envisions the EFSF as the only source of funding for the buyback operation.
“If the offer is for EFSF short-term paper rather than cash, each bidder will make its own decision how to value the EFSF bills,” the document says. “Bidding will simply be made by reference to the principle amount of bills each bidder requires in exchange for 100 euros” of Greek bonds.
The buyback, which EU and banking industry officials estimate at 20 billion euros ($27 billion), is part of a rescue package agreed upon by EU leaders on July 21, which includes 109 billion euros in public funds and the voluntary debt swap for bondholders. The buyback is likely to offer more overall debt reduction for Greece than the accompanying bond swap, the internal EU document said.
Standard & Poor’s has indicated that a conditional buyback offer “will postpone a determination” that Greece is in temporary default until the debt swap closes, the document said. Without this condition, Greece would be placed in selective default as soon as the buyback offer is announced.
Greece would have the ability to set a minimum price and decide how to set the final clearing price for the auction. Modified Dutch auctions are used in many countries, including the US, for selling and buying back debt because they offer flexibility in gauging demand and pricing.
“The principal objectives of the buyback are to reduce the stock of Greece’s outstanding debt to the greatest extent possible at the lowest possible price,” the document says.
By giving the buyback a broad scope, it will be available to bondholders who aren’t eligible for the debt swap, according to the document. “The Hellenic Republic and its advisers believe that the buyback should encompass all Greek government bonds and not be limited to bonds maturing after 2020 or some other date.” (Bloomberg)
Sunday September 25, 2011 (20:51)
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apino
Forumer storico
scusate se insito, ma il mio inlese non è un granchè... questo:
Deutsche Bank CEO Says Euro-Fund ?Crucially Important' - BusinessWeek
mi sembrerebbe significare che Ackermann sostiene una rapida applicazione del piano concordato il 21 luglio, quindi emissione tranche e swap. Mi sbaglio???
Deutsche Bank CEO Says Euro-Fund ?Crucially Important' - BusinessWeek
mi sembrerebbe significare che Ackermann sostiene una rapida applicazione del piano concordato il 21 luglio, quindi emissione tranche e swap. Mi sbaglio???
velico
Forumer attivo
non ti sbagli
general gain
Nuovo forumer
I Greci finora sono vissuti nel paese della cuccagna...
Pressione fiscale intorno al 25% del PIL, spesa pubblica intorno al 40% del PIL il tutto con un'economia da paese sottosviluppato...e parecchio se ne andava in pensioni e stipendi pubblici creando un benessere diffuso ancorchè insostenibile nel lungo periodo...
Fossero onesti con se stessi e con il resto dell'Europa accetterebbero le misure di austerity senza fiatare e si rimboccherebbero le maniche...
Pressione fiscale intorno al 25% del PIL, spesa pubblica intorno al 40% del PIL il tutto con un'economia da paese sottosviluppato...e parecchio se ne andava in pensioni e stipendi pubblici creando un benessere diffuso ancorchè insostenibile nel lungo periodo...
Fossero onesti con se stessi e con il resto dell'Europa accetterebbero le misure di austerity senza fiatare e si rimboccherebbero le maniche...
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velico
Forumer attivo
ci dovevano pensare prima di farla entrare nell'euro
robinson
Forumer storico
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