Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 2 (1 Viewer)
- Creatore Discussione tommy271
- Data di Inizio
- Stato
carib
rerum cognoscere causas
C'é stato un accordo notturno tra IFF e Merkozy per un haircut "volontario" del 50% con dettagli ancora ignoti, da concretizzarsi a gennaio.
tommy271
Forumer storico
Greek Govt Dismisses Early Elections
Immediate policy initiatives are not needed, said a Greek government official after the marathon meeting, adding that the outcome of the Summit was the best possible, as the country avoided default.
He also rushed to exclude early elections, before he was even asked about. But, he declined to answer on the majority that the Greek government would seek at a vote in early 2012.
There are two obstacles for the government:
Growth
Measures for growth-recovery should be more concrete, after German Chancellor Angela Merkel said that Greece is Greece is beyond an uphill despite sacrifices made during last 20 months. Moreover, Greek people have been told that at the end of the uphill -in 2021-, Greek debt would be at 2008 levels, when crisis broke out.
Permanent Troika
The psychological preparation of Greek people launched late Wednesday to accept the permanent presence and direct supervision of the country by the Troika. Government officials note that the very difference is that that Troika unit would not waste time with travelling, a line that the Prime Minister himself followed at the press conference after the summit.
But anxiety about the reactions was evident, when PM George Papandreou and FinMin Evangelos Venizelos said that the final decisions would be taken by the Greek government.
(capital.gr)
Immediate policy initiatives are not needed, said a Greek government official after the marathon meeting, adding that the outcome of the Summit was the best possible, as the country avoided default.
He also rushed to exclude early elections, before he was even asked about. But, he declined to answer on the majority that the Greek government would seek at a vote in early 2012.
There are two obstacles for the government:
Growth
Measures for growth-recovery should be more concrete, after German Chancellor Angela Merkel said that Greece is Greece is beyond an uphill despite sacrifices made during last 20 months. Moreover, Greek people have been told that at the end of the uphill -in 2021-, Greek debt would be at 2008 levels, when crisis broke out.
Permanent Troika
The psychological preparation of Greek people launched late Wednesday to accept the permanent presence and direct supervision of the country by the Troika. Government officials note that the very difference is that that Troika unit would not waste time with travelling, a line that the Prime Minister himself followed at the press conference after the summit.
But anxiety about the reactions was evident, when PM George Papandreou and FinMin Evangelos Venizelos said that the final decisions would be taken by the Greek government.
(capital.gr)
tommy271
Forumer storico
Dallara: Sure Greece Deal Participation Will Be High
BRUSSELS (Dow Jones)--Private sector participation in Thursday΄s deal on a writedown of Greek debt is likely to be "very high," said Charles Dallara, the head of the Institute of International Finance.
But he said the IIF had made no commitment about the likely level of participation. "We think it΄s likely to be very, very high," he told reporters.
Dallara was at the center of a late-night deal between the IIF, which was negotiating for Greece΄s private creditors, and the euro zone.
Dallara said the critical moment came when he met with German Chancellor Angela Merkel, French President Nicolas Sarkozy and International Monetary Fund Managing Director Christine Lagarde just after midnight in Brussels.
"It took a meeting at that level to find common ground," he said.
Under the deal, whose details still have to be hammered out, Greece will see a nominal 50% cut in the face value of its bonds held by private investors. Governments have said a deal should be concluded by end-year.
However, the structure of the new bond swap is still to be worked out and the final net present value reduction in private creditors΄ bondholdings is yet to be fixed.
He said the deal would likely be a "simple straight voluntary exchange," less complex than the menu of options offered under the earlier proposed deal for Greece agreed in July.
The key sticking point in the negotiations was the desire on the IIF side to have new bonds offered in the exchange backed by collateral, he said.
Dallara said the IIF "attached a great deal of significance to this being voluntary ... We were not forced to do it."
The IIF chief confirmed the new bonds will be governed by English law.
"We wouldn΄t do in any other way," he said.
In a statement later, Joseph Ackermann, chairman of the IIF Board of Directors and Chairman of the Deutsche Bank AG board (DB), said the accord "provides an historical opportunity for Greece to revitalize its economy and reap the benefits of the difficult measures the Greek people have undertaken."
He said the IIF wants to work with the Greek and European authorities to draw up a "concrete agreement that can deliver an early reduction in Greece΄s debt" and put it "squarely on a path toward debt sustainability."
BRUSSELS (Dow Jones)--Private sector participation in Thursday΄s deal on a writedown of Greek debt is likely to be "very high," said Charles Dallara, the head of the Institute of International Finance.
But he said the IIF had made no commitment about the likely level of participation. "We think it΄s likely to be very, very high," he told reporters.
Dallara was at the center of a late-night deal between the IIF, which was negotiating for Greece΄s private creditors, and the euro zone.
Dallara said the critical moment came when he met with German Chancellor Angela Merkel, French President Nicolas Sarkozy and International Monetary Fund Managing Director Christine Lagarde just after midnight in Brussels.
"It took a meeting at that level to find common ground," he said.
Under the deal, whose details still have to be hammered out, Greece will see a nominal 50% cut in the face value of its bonds held by private investors. Governments have said a deal should be concluded by end-year.
However, the structure of the new bond swap is still to be worked out and the final net present value reduction in private creditors΄ bondholdings is yet to be fixed.
He said the deal would likely be a "simple straight voluntary exchange," less complex than the menu of options offered under the earlier proposed deal for Greece agreed in July.
The key sticking point in the negotiations was the desire on the IIF side to have new bonds offered in the exchange backed by collateral, he said.
Dallara said the IIF "attached a great deal of significance to this being voluntary ... We were not forced to do it."
The IIF chief confirmed the new bonds will be governed by English law.
"We wouldn΄t do in any other way," he said.
In a statement later, Joseph Ackermann, chairman of the IIF Board of Directors and Chairman of the Deutsche Bank AG board (DB), said the accord "provides an historical opportunity for Greece to revitalize its economy and reap the benefits of the difficult measures the Greek people have undertaken."
He said the IIF wants to work with the Greek and European authorities to draw up a "concrete agreement that can deliver an early reduction in Greece΄s debt" and put it "squarely on a path toward debt sustainability."
Nobody's
Γένοιο οἷος εἷ
Grazie carib......per ora non ci sono sorprese allora...tutto secondo previsione.......
Per caso sai le quotazioni della maggio 12?
.....sono in rialzo le quotazioni in generale?
Imark
Forumer storico
Il punto su mercoledì non è il caso di farlo, sia perché i corsi della giornata hanno confermato la quasi totale mancanza di movimenti su tutte le lunghezze, sia soprattutto perché ciò che è da rilevare saranno i corsi di oggi.
E' arrivato infatti il rimbalzone che si era facilmente pronosticato: le circostanze attualmente note sembrerebbero far ritenere che i bh retail possano fare holdout e salvare la pelle almeno fin quando la Grecia ce la farà a stare in piedi con questo taglio al debito, ossia per molti mesi.
In realtà, è tutto da vedere quali siano gli effettivi poteri di negoziazione dell'IIF nei confronti dei suoi associati e se alla fine vi sarà realmente un'adesione "congrua" dei creditori in rapporto alla percentuale di debito desiderata.
Il sistema bancario greco pare destinato a ricapitalizzazioni molto onerose o in alternativa e nell'impossibilità delle prime, alla nazionalizzazione. Peraltro, andrà compreso se - a fronte dei tds greci detenuti - le banche nazionali, certamente impossibilitate a vendere i tds per ragioni politiche, non si fossero tuttavia coperte a suo tempo con CDS contro il rischio default del loro stesso paese.
Ove così fosse, l'haircut "volontariamente imposto" varrebbe sostanziale esproprio esercitato nei confronti degli azionisti delle banche da parte del governo nazionale. E' tuttavia vero che le banche sarebbero ugualmente saltate in caso di default incontrollato e di ritorno alla dracma.
Tornando ai bond, il mercato retail sembra puntare sulla possibilità dell'holdout per i bondholder retail e sul ripagamento a 100 a scadenza, per cui punta prevalentemente su scadenze molto brevi: il balzo in avanti più importante lo fa dunque la marzo 2012, che veleggia verso quota 60 con volumi significativi per questi mercati, contro poco più di 52 di close OTC, mentre le maggio 2013 salgono forte anch'esse, a doppia cifra sul close OTC di ieri, ma con volumi al momento modesti; discorso analogo sulla agosto 2014.
In generale il rimbalzo è pari attualmente a circa il 10% su tutte le scadenze, ciò che differisce sono i volumi.
cdr
Forumer attivo
Molto in rialzo, io sono uscito in parte. La Marzo 2012 quota attorno a 57 dopo un massimo vicino a 60 ciao, cdr
tommy271
Forumer storico
tommy271
Forumer storico
Il debito greco ripagato con il sole 2050 - Blog - Repubblica.it
***
Aldilà del progetto, sarebbe interessante per gli anticipi ...
***
Aldilà del progetto, sarebbe interessante per gli anticipi ...
Nobody's
Γένοιο οἷος εἷ
Grazie ragazzi......il prosciutto e entrato nella vaschetta allora
tutto come da previsione.....
vi saluto allora....grazie mille.......ci sentiamo domani....
Ciao ciao
...che @zzo di tastiera....
- Stato