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

[tommy271]

Ratifica accordo Efsf, Sarkozy si congratula con la Merkel


Nicolas Sarkozy si è "calorosamente congratulato" con il cancelliere tedesco Angela Merkel per il "voto positivo avvenuto la mattina a larga maggioranza al Bundestag per la ratifica dell'accordo che rafforza il Efsf" (Fondo europeo di stabilizzazione finanziaria). Lo ha indicato l'Eliseo.


Il presidente francese Sarkozy, inoltre, riceverà domani pomeriggio il primo ministro greco Georges Papandreou "per fare con lui il punto della situazione che vive attualmente la Grecia". Lo ha annunciato la presidenza francese.


Dopo il via libera del Parlamento tedesco al piano di salvataggio dell'euro, Sarkozy vedrà dunque all'Eliseo il primo ministro greco Georges Papandreou.


"E' un passo importante che è stato compiuto al servizio della stabilità della zona euro", ha proseguito l'Eliseo. I due responsabili europei "tengono a ricordare che è l'attuazione risoluta delle decisioni assunte al vertice del 21 luglio che permetterà di superare le difficoltà che attraversa attualmente la zona euro", ha aggiunto l'Eliseo.


Hanno "sollecitato" inoltre "l'insieme dei partner che non hanno ancora proceduto alle ratifiche parlamentari a portare a termine questo processo non appena possibile". Nicolas Sarkozy e Angela Merkel "si sono inoltre rallegrati dell'adozione ieri da parte del Parlamento europeo dei testi sulla gestione economica europea, che rafforzano il coordinamento e la sorveglianza di bilancio e creano un nuovo strumento per prevenire e correggere gli squilibri macro-economici", ha proseguito il testo del comunicato. Con Papandreou, Sarkozy farà inoltre il punto sulla situazione "che vive attualmente la Grecia".

(Milanofinanza.it)

 

[tommy271]

Greek Stocks Fail To Maintain Upward Trend



Greek Stocks ended lower on Thursday, as the trading activity remained at disappointingly low levels. Banks, which closed at session low, dragged the General Index down.

The General Index posted intraday losses of 1.87% below 800 units, moving into negative territory throughout the trading session, while the rise of PPC, OTE and OPAP could only partially offset the pressures on banking sector.

Major markets seem to be correcting, yet troika’s return, which somehow unveils its satisfaction regarding country’s announced measures, could extend two days’ gains”, said Marfin Analysis in its morning report.

Eurobank Equities noted that any rebound is more likely to prove short-lived, as key issues are still uncertain, while Proton Bank expected some nervous trading, with focus remaining on newsflow over Troika’s review that is expected to resume today.

On the board, the General Index closed at 802.57 units with losses of 0.91%. The trading volume stood at 25.13 million, while turnover amounted to €39.7 million.

A total amount of 56 shares declined, 50 rose and 171 remained unchanged.

PPC topped FTSE20 with profits of 3.58%, while OTE and OPAP gained 1.91% and 0.94% respectively. MIG and Motor Oil remained unchanged at €0.24 and €6.15 respectively.

On the other hand, Mytilineos fell by 6.41%, while Mafrin Popular Bank and Titan lost 5.56%. Ellaktor and Piraeus Bank declined by 4.14% and 40.8%, while Hellenic Postbank and Eurobank recorded losses that exceeded 2%. Bank of Cyprus, Jumbo, Folli Follie, Viohalco and Coca-Cola 3E also ended on negative ground.


(capital.gr)


***
La giornata alla Borsa di Atene.

 

[tommy271]

L'incontro tra Papandreou e Sarkozy si terrà intorno alle ore 17.

 

[Nobody's]

L'incontro tra Papandreou e Sarkozy si terrà intorno alle ore 17.

Bene

 

[tommy271]

Bene

Giusto in tempo con la chiusura dei mercati e per un altro week-end sulle "spine".

 

[tommy271]

German MEP slams Ankara over Cyprus drills




Reaction shows Turkey not seriously interested in membership, Brok says

Ankara's response to Nicosia's natural gas and oil exploration off the Mediterranean island's southern coast shows Turkey is not seriously interested in becoming a European Union member, a German center-right MEP, said on Thursday.
In an interview with Deutsche Welle, Elmar Brok, who is foreign policy spokesman of the Christian Democrats in the European Parliament, condemned Turkey's warnings and threats against EU member Cyprus which is set to take over the bloc's rotating presidency in mid 2012.
“This clearly shows that Turkey is not serious about its membership candidacy,” Brok told German radio.
Cyprus has signed a production-sharing contract with Noble Energy. The Houston-based firm has a concession to explore for hydrocarbons in Block 12, an area within Nicosia's exclusive economic zone (EEZ). The Greek-speaking government has signed EEZ agreements with Egypt and Israel with a view to exploit any possible energy reserves in the area.
Turkey, which does not recognize the Republic of Cyprus in the island’s south, opposes any drilling, insisting the profits from any discoveries must be distributed between the two communities on the island.
The dispute has also deepened Turkey’s rift with Israel, once a close economic and military partner.
“[Turkey's] objective is to become a regional power without any EU commitments; or it would not [act in ways that] provoke the bloc's future presidency – what is more without any reason for doing so,” Brok said.
Turkey has defied statements from the US, EU and Russia and sent Piri Reis, an aging seismic research vessel, near Block 12 where drilling has already started.
Brok's remarks followed a vehement protest by DISY MEP Eleni Theocharous to Enlargement Commissioner Stefan Fule during a plenary session in Strasbourg.
“Can such behavior from a candidate member be tolerated? Will you Mr Fule make mention of Turkey's behavior in your [Turkish progress evaluation] reports? How much longer can you tolerate such behavior against a small and powerless state? Must the rest of Cyprus be occupied before the European Parliament does something about this?,” Theocharous said.
Fule said the tiff will not affect Cyprus's scheduled presidency, while condemning Turkey's reaction to the drilling.
“There are rules and laws. If Turkey chooses not to respect them and it wants to freeze its ties with the EU during Cyprus's presidency, that is its own problem,” Fule said.
Ankara earlier this month warned it would freeze relations with Brussels if Cyprus is given the EU presidency next year.






ekathimerini.com , Thursday September 29, 2011 (15:12)

***
L'altro fronte "caldo".

 

[tommy271]

Greek bonds advance as German lawmakers approve fund expansion

By Lucy Meakin & Lukanyo Mnyanda


Greek government bonds led gains by securities of Europe’s most indebted countries as German lawmakers backed an expansion of the euro-are rescue fund.

Greek securities rose for a third day and Irish and Belgian debt advanced as Germany’s lower house of parliament passed the measure granting the fund powers to buy bonds in secondary markets, enable bank recapitalizations and offer precautionary credit lines. German 10-year bonds gained, snapping losses that pushed the yield above 2 percent Wednesday, after a report showed European confidence in the economic outlook fell more than forecast.

“Investors are now looking at putting risk on rather than taking it off,” said Steven Major, global head of fixed-income research at HSBC Holdings Plc, speaking in an interview on Bloomberg Television’s “The Pulse” with Francine Lacqua. “People are looking at the short end once again.”

Greece’s two-year yield fell 152 basis points to 68.25 percent at 11:56 a.m. in London, down from a euro-era record 84.52 percent on Sept. 14. The 4 percent note due August 2013 gained 0.725, or 5.25 euros per 1,000-euro ($1,366) face amount, to 41.210. Ten-year rates slid 28 basis points to 22.76 percent.

Irish two-year yields declined 18 basis points to 7.40 percent, and Belgium’s two-year rates fell for a seventh day, dropping five basis points to 1.91 percent.

Lawmakers in the Bundestag voted 523 in favor of the legislation, while 85 voted against and three abstained. It is now set to be debated and set to a non-binding vote in the upper house Friday. Merkel, head of Europe’s largest economy and the biggest country contributor to bailouts for Greece, Ireland and Portugal, spent weeks convincing dissenters in her coalition to back the July 21 accord by euro-area leaders to expand the fund.

German 10-year bonds snapped a four-day loss after the European Commission said its index of executive and consumer sentiment in the region slid to 95 from a revised 98.4 in August. That’s the lowest since December 2009.
The 10-year yield fell four basis points to 1.97 percent, after rising Wednesday to 2.02 percent.

“There’s still a lot of uncertainty in the market, especially on the political side,” said Karsten Linowsky, a fixed-income strategist at Credit Suisse Group AG in Zurich. The decline in bond yields Thursday was “also a bit of a countermove” after the 10-year yield rose to above 2 percent, he said.

German bonds rallied this month as reports signaled the region’s economy is slipping back into a recession. Bonds have gained 1.6 percent in September, according to indexes compiled by the European Federation of Financial Analysts Societies and Bloomberg. The securities declined 1.2 percent in the past week on optimism Europe will boost mechanisms to deal with the crisis, the indexes showed.

Global investors anticipate Europe’s debt crisis leading to an economic slump and social unrest in the next year with 72 percent predicting a country abandoning the euro within five years, according to a Bloomberg survey. About three-quarters of those questioned said the euro-area economy will fall into recession in the next 12 months, according to the quarterly Global Poll.

Italian bonds were little changed after the country sold 7.9 billion euros of securities.

The Treasury auctioned 3.14 billion euros of notes due in 2014 to yield 4.68 percent, compared with 3.8 percent at the previous sale on Aug. 30. Demand was 1.36 times the amount sold, compared with 1.32 times in August. It also auctioned securities due in 2015, 2021 and 2022.

The country’s borrowing costs surged to euro-era records last month as Greece’s slide toward default fueled concern Italy would become the next victim of the region’s sovereign crisis. The auction comes after the nation sold 750 million euros of inflation-linked bonds Thursday.
The 10-year bond yielded 5.64 percent, while the two-year rate was at 4.36 percent.

Sweden’s 10-year yield declined seven basis points to 1.86 percent as the debt office said it would be able to sustain a larger-than-needed bond market to keep up liquidity for the nation’s debt as its borrowing levels shrink.

The office was responding to a government commission from April 2010 on how to deal with declining levels of debt as Sweden posts surpluses and sells off state assets. The largest Nordic economy’s debt has fallen to about 35 percent of gross domestic product from more than 70 percent in the 1990s.

Volatility on Sweden’s sovereign debt was the highest among developed-country markets Thursday, according to measures of 10- year bonds, two-10-year spreads and credit-default swaps. The yield change in the nation’s 10-year bonds was 1.6 times the 90-day average, the Bloomberg gauge showed. Sweden isn’t part of the euro area. [Bloomberg]


ekathimerini.com , Thursday September 29, 2011 (15:49)

***
Un'occhiata ai bond GGB e dell'Eurozona.

 

[tommy271]

Crisi: gli hedge fund scommettono sul recupero dei bond greci

Li comprano ai minimi in attesa del salvataggio di Atene


New York, 29 set - La Grecia potrebbe avere difficolta' a ripagare il suo debito, ma per gli hedge fund l'affare del momento e' l'acquisto di titoli di stato di Atene.
Secondo il New York Times, i bond ellenici vengono attualmente scambiati per meno di 36 centesimi su ogni euro di valore nominale, sperando di registrare significativi profitti nella convinzione che Unione Europea e Fondo Monetario Internazionale non permetteranno il default del Paese.
Stando all'accordo raggiunto a luglio tra governo greco e banche nazionali (parte integrante del piano salvataggio di Atene), una parte sostanziale dei bond esistenti dovrebbe essere convertita in nuovi titoli a scadenza piu' lunga che potrebbero essere valutati a 70 centesimi su euro.
Per il Times, circa il 30% degli investitori che prenderanno parte allo swap da circa 135 miliardi di euro hanno acquistato i titoli dopo il 21 luglio e non sono quindi i possessori originali (ovvero le grandi banche europee) ma speculatori.
Per Otmar Issing, economista tedesco ed ex membro del Board della Banca Centrale Europea, "l'accordo non aiutera' la Grecia, ma e' un buon affare per le banche".
Si spiegano cosi' le difficolta' incontrate dal cancelliere tedesco Angela Merkel nel convincere il parlamento ad approvare il piano di salvataggio greco: i politici sono preoccupati dalla reazione dei loro elettori.
Issing crede che una soluzione migliore sarebbe quella di obbligare i possessori attuali di debito greco ad accollarsi svalutazioni dei titoli in loro possesso fino al 50% in modo da ridurre il peso del debito greco, permettendo ad Atene di far fronte ai suoi obblighi.

(Radiocor)

 

[tommy271]

German banks: don't hike Greek bailout contribution



German banking association BdB on Thursday warned against re-negotiating a 21 percent haircut on Greek sovereign debt agreed by lenders, saying it would lead to further distrust.
"The private sector has voluntarily agreed to a 21 percent haircut on Greek sovereign debt, which corresponds to about 30 billion euros for the stabilization of the Greek economy and fiscal situation,» BdB chief Michael Kemmer said in a statement to Reuters.
"This crisis can only be overcome by re-establishing the necessary trust in political actions. If the governments re-open negotiations on the agreed deal, the result will be exactly the opposite."
Although private creditors were willing to make a contribution toward a Greek private sector bailout, Kemmer said that «a deal is a deal.»

[Reuters]

 

[sboom69]

Crisi: gli hedge fund scommettono sul recupero dei bond greci

Li comprano ai minimi in attesa del salvataggio di Atene


New York, 29 set - La Grecia ............
Per il Times, circa il 30% degli investitori che prenderanno parte allo swap da circa 135 miliardi di euro hanno acquistato i titoli dopo il 21 luglio e non sono quindi i possessori originali ....

(Radiocor)

..ma allo swap che partecipava non poteva farlo con le quantità fotografate al 30 giugno 2011, se questi , e non sono retail come noi, han comprato dopo possono entrarci lo stesso.... volendo anche noi...e potendo significa allungamento dei tempi ???