Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 2

[tommy271]

Si......hai ragione, mi hai convinto

Le mani libere le hanno comunque sempre ...

Un percorso realisticamente percorribile potrebbe essere quello entro gli accordi del 21 luglio ma con alcune modifiche sostanziali: una sulle garanzie da parte della Grecia (e qui vedi che dall'altro giorno hanno iniziato a chiedere a Papandreou impegni "scritti"), e dall'altra una modifica dello swap con vantaggi più sostanziali per la Grecia.

 

[Baro]

Ciao Tommy e a tutti gli amici !!
Tommy, nei tuoi ultimi interventi mi pare di percepire una sottile vena di pessimismo, mi sbaglio?

 

[Nobody's]

German, French economists urge 50 pct Greek debt write-down

Reuters - 27/09/2011 09:27:32

BERLIN, Sept 27 (Reuters) -

German and French government advisers urged in an article on Tuesday that Greece be allowed to write off around 50 percent of its debt and called for more support for banks with large holdings of Greek bonds.

Decisions made to resolve Greece's debt crisis at the July 21 European summit were not sufficient, a group including Germany's "wisemen" panel of economic advisers, an advisor to the French government, an economist on the ECB Shadow Council and the editor of "IMF Economic Review" wrote in the Financial Times Deutschland.

"Creditors should renounce around a half of the nominal value of their Greek bonds," the article said. "Then it would be possible for Greece to bring its debt levels down to a sustainable level through its own efforts."

Greece is on the front line of the euro zone debt crisis that has engulfed Ireland and Portugal and now threatens Italy, Spain and some of Europe's biggest banks, risking plunging the West back into recession.

The July 21 agreements provided for a 21 percent haircut on Greek debt through a bond swap deal that would see banks give Athens longer to pay off its debt. Many financial market players are convinced, however, that a larger-scale default is all but inevitable.

The country adopted yet more austerity measures last week to secure a bailout installment crucial to avoid running out of money next month, as the IMF warned that Europe's sovereign debt crisis risks tearing a giant hole in banks' capital.

The group of advisors wants banks to be able to exchange Greek bonds for notes issued by the euro zone safety mechanism (EFSF) to guarantee the stability of the restructuring process.

"Furthermore those banks with large holdings of Greek sovereign bonds need special support," they wrote. "This is in particular the case for Greek banks."

Greek bank shares fell by more than six percent to a 19-year low on Monday on media reports of a larger than planned haircut.

The so-called German wisemen had already separately called for a 50 percent haircut. (news)
"It is indispensable to improve cooperation in the euro zone and develop possibilities to break the vicious circle of bank and debt crisis, and guarantee competitiveness and growth," the group of German and French advisors wrote.

"Until then we should be agreed on putting out the fire as quickly as possible."

German Chancellor Angela Merkel and Greek Prime Minister George Papandreou will discuss how Athens is implementing reforms at a meeting in Berlin on Tuesday evening.

Keywords: EUROZONE GREECE/HAIRCUT

 

[tommy271]

Ciao Tommy e a tutti gli amici !!
Tommy, nei tuoi ultimi interventi mi pare di percepire una sottile vena di pessimismo, mi sbaglio?

Ciao Baro, non è pessimismo.
La situazione è aperta a diverse soluzioni.
Non ultimo un "default pilotato", sempre smentito fermamente dai diretti interessati.

 

[mago gambamerlo]

Oggi borse sull' allegro ; che e' successo ? Merkel entrata in nuova fase lunare

 

[tommy271]

Oggi borse sull' allegro ; che e' successo ? Merkel entrata in nuova fase lunare

E' questo che preoccupa un poco, vogliono banchettare con i 2000/3000 MLD in leva con l'EFSF sulle spalle della Grecia.

 

[Nobody's]

GREECE - Factors to Watch on September 27

Reuters - 27/09/2011 09:19:40

ATHENS, Sept 27 (Reuters) -

Here are news stories, press reports and events, which may affect Greek financial markets on Tuesday:
GREECE RACES FOR PARLIAMENT BACKING AFTER IMF TALKS
The Greek government began a race for parliamentary approval of a stepped-up austerity package vital to keep the debt-laden euro zone state afloat and buy time for Europe to approve new rescue measures. (news)

GREECE SET TO APPROVE KEY TAX, UNIONS TO STRIKE
Lawmakers are expected to approve an unpopular property tax on Tuesday to open the way for the return of inspectors from Greece's bailout lenders and the release of vital aid, despite growing anger among austerity-hit Greeks. (news)

FINMIN TO HOLD PRESS CONFERENCE
Greek Finance Minister Evangelos Venizelos will hold a press conference, at 0900 GMT.


TROIKA MISSION EXPECTED RETURN TO GREECE ON WED-SOURCE
A mission of inspectors from Greece's international lenders will probably return to Athens on Wednesday, a source close to the inspection team, also known as the "troika", said on Tuesday. (news)

GREEKS FEEL DRIP-DRIP TORTURE OF AUSTERITY
Greeks expressed their misery on Monday at the erosion of their daily lives by austerity measures demanded by international lenders in exchange for bailout funds, ahead of a key parliamentary vote on extra property tax. (news)

MOST GREEKS WANT TO STAY IN EURO, SEE DEFAULT RISK
More than three quarters of Greeks say the country should stay in the euro zone, but a small majority sees risks that Athens could default on its debt in the next couple of months, a GPO poll for Mega TV showed on Monday. (news)

GREECE PLANS TO SELL TWO PPC COAL PLANTS-MINISTER
Greece plans to sell two coal-fired power stations belonging to its dominant electricity utility PPC to comply with European Union competition rules and the terms of an EU/IMF bailout, its Energy Minister said on Monday. (news)

EUROPEAN SHARES SURGE ON EURO ZONE DEBT PLAN HOPES
European shares jumped higher for a third straight session on Tuesday on renewed expectations that European policymakers will act to contain Greece's debt problems and resolve the region's debt crisis that threatens to derail the world economy. (news)

 

[apino]

in effetti se non sbaglio una banca tedesca esposta per oltre 700 milioni da detto di esseren pronta ad aderire allo swap anche con estensione ai titoli in scadenza successiva al 2020. E' possibile che la Merkel ceda in questa direzione.

Le mani libere le hanno comunque sempre ...

Un percorso realisticamente percorribile potrebbe essere quello entro gli accordi del 21 luglio ma con alcune modifiche sostanziali: una sulle garanzie da parte della Grecia (e qui vedi che dall'altro giorno hanno iniziato a chiedere a Papandreou impegni "scritti"), e dall'altra una modifica dello swap con vantaggi più sostanziali per la Grecia.

 

[Nobody's]

EFSF, NON SI DISCUTE DI PIANI PER ESTENDERE FONDO A 2.000 MLD EURO - MIN FINANZE SPAGNA

Reuters - 27/09/2011 09:50:29

 

[tommy271]

EFSF, NON SI DISCUTE DI PIANI PER ESTENDERE FONDO A 2.000 MLD EURO - MIN FINANZE SPAGNA

Reuters - 27/09/2011 09:50:29

In teoria, non si dovrebbe estendere il fondo con il contributo degli Stati, ma con altri mezzi.