russiabond
Il mito, la leggenda.
ti ringrazio ma di mio non c'è assolutamente niente, anzi se penso al passivo di 26k
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Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 2
- Creatore Discussione tommy271
- Data di Inizio
- Stato
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giub
New Membro
Roesler Defends His Comments About Possible Greek Default
Sept. 14 (Bloomberg) -- German Economy Minister Philipp Roesler said he stands by comments he made about a possible Greek default.
"I had all the reasons to say what I said about the possible outcome of the Greek crisis," he said today at a news conference in Rome, when asked if he regretted the remarks.
Roesler, who is also the vice chancellor and heads Chancellor Angela Merkel's Free Democratic Party coalition partner, said in an op-ed published in Die Welt newspaper on Sept. 12 that there can be no "taboos" when considering action "to stabilize the euro in the short term," including a Greek insolvency.
Merkel slapped him down yesterday in a German radio interview, saying that "everybody should weigh their words very carefully."
Roesler reiterated today that he opposes euro bonds and that a recent ruling by Germany's high court also ruled out their use.
Sept. 14 (Bloomberg) -- German Economy Minister Philipp Roesler said he stands by comments he made about a possible Greek default.
"I had all the reasons to say what I said about the possible outcome of the Greek crisis," he said today at a news conference in Rome, when asked if he regretted the remarks.
Roesler, who is also the vice chancellor and heads Chancellor Angela Merkel's Free Democratic Party coalition partner, said in an op-ed published in Die Welt newspaper on Sept. 12 that there can be no "taboos" when considering action "to stabilize the euro in the short term," including a Greek insolvency.
Merkel slapped him down yesterday in a German radio interview, saying that "everybody should weigh their words very carefully."
Roesler reiterated today that he opposes euro bonds and that a recent ruling by Germany's high court also ruled out their use.
giub
New Membro
Kiwi up as equities gain on bailout hopes 
The New Zealand dollar rose against the greenback as equity markets climbed on hopes European officials would provide further support to Greece in order to prevent it defaulting on its debt payments.
The New Zealand dollar recently traded at US82.40 cents, up from US82.03 cents yesterday, and rose to 72.18 on the trade-weighted index of major trading partners' currencies from 72.04 previously.
Global equities rose after German Chancellor Angela Merkel sought to sooth fears that that Greece was facing an imminent default.
She said Greece is taking the right steps to get its next bailout payment, and was "optimistic" that demands for special collateral as part of the Greek bailout package would be met.
On Wall Street, the Standard & Poor's rose 1 per cent to 1,174.33 and Europe's Stoxx 600 Index closed 0.9 per cent higher at 220.87.
Still the mood was cautious as investors warily watched developments on Europe debt markets, with yields on Greek 10-year government bonds approaching 25 per cent, and Italy having to pay a 5.6 per cent yield to get the sale of its 5-year bonds away, the highest level since it joined the European Union in 1999.
"We saw a risk rally, although it was a fairly hesitantly raggedy sort of rally, and it doesn't look convincing," said Imre Speizer, a market strategist at Westpac.
"I still see the move up in the kiwi as corrective with the lingering backdrop remaining decidedly risk averse."
On the crosses, the kiwi recently traded at 79.91 Australian cents, up from 79.50 cents yesterday, and rose to 63.36 Japanese yen from 63.09 yen previously.
It fell to 60.21 euro cents from 60.37 cents yesterday, and rose to 52.19 pence from 51.92 pence previously.
The kiwi may trade between a range of US81.80 cents and US83.50 cents, Speizer said, with the bias towards further downside corrections on headline risk from Europe.
The New Zealand dollar rose against the greenback as equity markets climbed on hopes European officials would provide further support to Greece in order to prevent it defaulting on its debt payments.
The New Zealand dollar recently traded at US82.40 cents, up from US82.03 cents yesterday, and rose to 72.18 on the trade-weighted index of major trading partners' currencies from 72.04 previously.
Global equities rose after German Chancellor Angela Merkel sought to sooth fears that that Greece was facing an imminent default.
She said Greece is taking the right steps to get its next bailout payment, and was "optimistic" that demands for special collateral as part of the Greek bailout package would be met.
On Wall Street, the Standard & Poor's rose 1 per cent to 1,174.33 and Europe's Stoxx 600 Index closed 0.9 per cent higher at 220.87.
Still the mood was cautious as investors warily watched developments on Europe debt markets, with yields on Greek 10-year government bonds approaching 25 per cent, and Italy having to pay a 5.6 per cent yield to get the sale of its 5-year bonds away, the highest level since it joined the European Union in 1999.
"We saw a risk rally, although it was a fairly hesitantly raggedy sort of rally, and it doesn't look convincing," said Imre Speizer, a market strategist at Westpac.
"I still see the move up in the kiwi as corrective with the lingering backdrop remaining decidedly risk averse."
On the crosses, the kiwi recently traded at 79.91 Australian cents, up from 79.50 cents yesterday, and rose to 63.36 Japanese yen from 63.09 yen previously.
It fell to 60.21 euro cents from 60.37 cents yesterday, and rose to 52.19 pence from 51.92 pence previously.
The kiwi may trade between a range of US81.80 cents and US83.50 cents, Speizer said, with the bias towards further downside corrections on headline risk from Europe.
giub
New Membro
Default or departure: Greece’s dangerous dilemma
Nina dos Santos, World Business Today Anchor
London (CNN) – Endless political rhetoric and billions in bailouts have left Greece no closer to solving the dangerous dilemma it is facing today.
Should the country give up trying to pay its bills and incur the wrath of its creditors? Or leave a monetary union that has brought a decade of comparative prosperity and stability?
So, how much is at stake?
Greece has $370 billion of outstanding debt - equal to around 3% percent of the eurozone’s total obligations. Compare that with 23% percent for Italy, whose debt pile stands at a whopping $1.9 trillion - and you can see that a Greek default would be less extreme than for other, larger eurozone partners.
But Greece is grabbing the headlines because its predicament exposes potentially fatal errors in the common currency project.
The 17 countries that share the euro are a disparate bunch with no fiscal union to back up their monetary marriage.
The legal framework is also inadequate and does not provide for the scenario Greece is now facing.
To make matters worse, aside from playing puppet and paymasters extraordinaire, Germany and France are obliged to support their poor cousin because they have the most to lose if it does go under.
Germany holds the lion share of the world’s exposure to Greece with an eye watering $22.65 billion held in Greek sovereign debt and $2.24 billion of holdings in Greek bank bonds.
France stands to lose more than $17 billion. This is one of the reasons why Angela Merkel and Nicolas Sarkozy are the ones calling the shots on Greece’s fate.
Six months ago default was treated as a dirty word among politicians, now it’s a ‘day-to-day’ term. This is because we’re already one step closer to it.
Investors in Greek debt have already faced ‘selective default’ earlier this year when they were asked to swap their securities for others with less attractive terms.
This measure was designed to prevent a full-blown credit event but now EU leaders and traders alike are preparing themselves for more.
The cost of insuring Greek debt with credit default swaps was pricing in a near 100% chance of Greece eventually having to miss its debt payments. The question is now not ‘if’ but ‘when’ and whether the rest of the world will have time to prepare, as immortalised by the new political buzzword an ‘orderly default.’
How would investors react?
The legal wrangling over recouping Greek assets could hinge on whether Greece had sold its bonds with ‘collective action’ clauses. This could prevent individual investors from pursuing underlying assets whilst restructuring the entire debt.
Legal experts say ‘vulture funds’ may still attempt to buy Greek debt on the cheap, then try and negotiate favourable terms.
Departure: What’s to lose?
Greece’s financial woes continue to undermine a currency shared by more than 320 million people and responsible for significant chunk of world trade.
UBS estimated earlier this month that if Greece were to leave the eurozone it would instantly lose half of its gross domestic product. That’s not an attractive option for an economy poised to contract 5%.
Yet the decision may be made well beyond Greece’s own borders.
Charles Proctor is a partner at London-based law firm Edwards Angell Palmer & Dodge. He says the current EU treaties would not allow a member state to leave the union or be expelled by other members. (According to Proctor, the current framework doesn’t provide for a default either.)
Then again, he adds “there’s what the treaty says and then there’s real life.”
If Greece were contemplating a euro exit – which it has repeatedly denied – Proctor reckons a currency swap would have to happen overnight as it would immediately lead to a run on domestic deposits in Greek banks.
Under the current rules, if Greece wanted to leave the only option the euro legally, it could only do so by leaving the entire EU.
Then this week Brussels began dropping hints….
Are euro bonds the answer?
Veteran financiers like George Soros have touted the idea issuing bonds backed by all eurozone members as a potential solution to the crisis of creditworthiness facing individual countries in peripheral Europe like Greece and Portugal.
In a speech on Wednesday this idea was backed up by European Commission President Jose Manuel Barroso.
"I want to confirm that the Commission will soon present options for the introduction of euro bonds,’’ Barroso said.
‘’Some of these could be implemented within the terms of the current treaty, and others would require treaty change."
Okay, unlike Merkel and Sarkozy Barroso would not need to sell this idea to an electorate fed up with writing blank cheques.
But the question is, if they do change those treaties will they also provide for a member’s default or departure as Euro zone leaders have woefully failed to do so far?
I might be putting my neck out on this one but I bet they’d consider it.
Nina dos Santos, World Business Today Anchor
London (CNN) – Endless political rhetoric and billions in bailouts have left Greece no closer to solving the dangerous dilemma it is facing today.
Should the country give up trying to pay its bills and incur the wrath of its creditors? Or leave a monetary union that has brought a decade of comparative prosperity and stability?
So, how much is at stake?
Greece has $370 billion of outstanding debt - equal to around 3% percent of the eurozone’s total obligations. Compare that with 23% percent for Italy, whose debt pile stands at a whopping $1.9 trillion - and you can see that a Greek default would be less extreme than for other, larger eurozone partners.
But Greece is grabbing the headlines because its predicament exposes potentially fatal errors in the common currency project.
The 17 countries that share the euro are a disparate bunch with no fiscal union to back up their monetary marriage.
The legal framework is also inadequate and does not provide for the scenario Greece is now facing.
To make matters worse, aside from playing puppet and paymasters extraordinaire, Germany and France are obliged to support their poor cousin because they have the most to lose if it does go under.
Germany holds the lion share of the world’s exposure to Greece with an eye watering $22.65 billion held in Greek sovereign debt and $2.24 billion of holdings in Greek bank bonds.
France stands to lose more than $17 billion. This is one of the reasons why Angela Merkel and Nicolas Sarkozy are the ones calling the shots on Greece’s fate.
Six months ago default was treated as a dirty word among politicians, now it’s a ‘day-to-day’ term. This is because we’re already one step closer to it.
Investors in Greek debt have already faced ‘selective default’ earlier this year when they were asked to swap their securities for others with less attractive terms.
This measure was designed to prevent a full-blown credit event but now EU leaders and traders alike are preparing themselves for more.
The cost of insuring Greek debt with credit default swaps was pricing in a near 100% chance of Greece eventually having to miss its debt payments. The question is now not ‘if’ but ‘when’ and whether the rest of the world will have time to prepare, as immortalised by the new political buzzword an ‘orderly default.’
How would investors react?
The legal wrangling over recouping Greek assets could hinge on whether Greece had sold its bonds with ‘collective action’ clauses. This could prevent individual investors from pursuing underlying assets whilst restructuring the entire debt.
Legal experts say ‘vulture funds’ may still attempt to buy Greek debt on the cheap, then try and negotiate favourable terms.
Departure: What’s to lose?
Greece’s financial woes continue to undermine a currency shared by more than 320 million people and responsible for significant chunk of world trade.
UBS estimated earlier this month that if Greece were to leave the eurozone it would instantly lose half of its gross domestic product. That’s not an attractive option for an economy poised to contract 5%.
Yet the decision may be made well beyond Greece’s own borders.
Charles Proctor is a partner at London-based law firm Edwards Angell Palmer & Dodge. He says the current EU treaties would not allow a member state to leave the union or be expelled by other members. (According to Proctor, the current framework doesn’t provide for a default either.)
Then again, he adds “there’s what the treaty says and then there’s real life.”
If Greece were contemplating a euro exit – which it has repeatedly denied – Proctor reckons a currency swap would have to happen overnight as it would immediately lead to a run on domestic deposits in Greek banks.
Under the current rules, if Greece wanted to leave the only option the euro legally, it could only do so by leaving the entire EU.
Then this week Brussels began dropping hints….
Are euro bonds the answer?
Veteran financiers like George Soros have touted the idea issuing bonds backed by all eurozone members as a potential solution to the crisis of creditworthiness facing individual countries in peripheral Europe like Greece and Portugal.
In a speech on Wednesday this idea was backed up by European Commission President Jose Manuel Barroso.
"I want to confirm that the Commission will soon present options for the introduction of euro bonds,’’ Barroso said.
‘’Some of these could be implemented within the terms of the current treaty, and others would require treaty change."
Okay, unlike Merkel and Sarkozy Barroso would not need to sell this idea to an electorate fed up with writing blank cheques.
But the question is, if they do change those treaties will they also provide for a member’s default or departure as Euro zone leaders have woefully failed to do so far?
I might be putting my neck out on this one but I bet they’d consider it.
ferdo
Utente Senior
sboom69
Forumer attivo
non vorrei essere troppo spiritoso
, ma quello che io ho capito è che per questa volta non sposteranno la grecia nè verso l'asia, ne verso l'africa, ne la rinchiuderanno nel Mar Nero.... LA GRECIA RESTERA' NELL' EUROZONA 
ferdo
Utente Senior
ma quando torna a casa qualche investitore nel Dax non lo va ad aspettare?!
dierre
Forumer storico
ferdo
Utente Senior
StockExchange
Forumer storico
Comunque sono quasi geniali...
Fanno i salti mortali per non dire una minki@:
Merkel e Sarko "sono convinti che la Grecia non uscirà dall'euro"
E' sottile: come dire, siamo convinti che riuscirà a non dover uscire, ma dipende solo da lei
Anche qui: prima era "nessuno stato dell'eurozona può uscire dall'euro".
Ora è: "siamo convinti che la Grecia non uscirà dall'euro".
Se ne sono convinti è perchè si può anche pensare il contrario, quindi è pensabile....
Però, per così dire, loro sono "molto fiduciosi"
E poi...ma che vuol dire, non dipende anche da loro e dall'UE ?
Se l'UE ponesse come principio assoluto che comunque dall'euro non si esce e i panni sporchi si lavano in casa (ammesso che l'UE sia una casa comune) non ci sarebbe alcun problema
Fanno i salti mortali per non dire una minki@:
Merkel e Sarko "sono convinti che la Grecia non uscirà dall'euro"
E' sottile: come dire, siamo convinti che riuscirà a non dover uscire, ma dipende solo da lei
Anche qui: prima era "nessuno stato dell'eurozona può uscire dall'euro".
Ora è: "siamo convinti che la Grecia non uscirà dall'euro".
Se ne sono convinti è perchè si può anche pensare il contrario, quindi è pensabile....
Però, per così dire, loro sono "molto fiduciosi"
E poi...ma che vuol dire, non dipende anche da loro e dall'UE ?
Se l'UE ponesse come principio assoluto che comunque dall'euro non si esce e i panni sporchi si lavano in casa (ammesso che l'UE sia una casa comune) non ci sarebbe alcun problema
- Stato
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