.---- ...anchio sono convinto che farà default ...(se continua così)...ma non credo in questo momento ...
ma la storia non è già scritta ....anche se leggendo questo articolo ...
Is September 20 Greek Default Day? | ZeroHedge
sembra sià già stata scritta...
Is September 20 Greek Default Day?
If Greece is going to default, September 20th seems to be as good a day as any. Actually, it is far better than most to be GD-Day.
Two big bonds, the 4.5% of 2037 and the 4.6% of 2040 both have coupon payments due that day, totalling 769 Million Euro. So if the IMF wanted to avoid letting another billion euro go down the drain, September 20th would be a good day to do it.
The IMF seems to have delayed approving another tranche for now, so Greece must already have the money for this payment?
The Fed Scheduled their meeting for 2 days. It now starts on September 20th. Maybe a co-incidence, but what better way to be prepared for new emergency policies?
CDS "rolls" on the 20th. On the 21st, all Sept 2011 CDS will have expired. My guess is that banks own more protection than they sold to the September 20th date, so defaulting while those contracts are still valid would be a net benefit to the banking system. As a whole, triggering CDS will likely benefit banks as I can find banks that say they own protection against positions, but find more hedge funds are uninvolved or have sold protection to fund shorts in other sovereigns.
We just finished the big
finance minister meeting. They can all return home, brief their staff and be
prepared for Tuesday. Prior to D-Day there were lots of last minute preparations to make sure everyone was on the same page and as prepared as possible. Why not before GD-Day?
Papandreou cancelled a trip to the U.S. And Venizelos mentioned that Papandreou had to be in Athens for "Initiatives". If you ever wanted some hand holding from your leader, it would be at a time of default. He would have to be in country to calm things and mention all the deals he put in place last week on the conference call.
None of the headlines from Poland or comments from the IMF seem particularly positive. I can't even find the customary all is good, we are working together, this was a time of great progress, boiler plate statement having been released. Maybe they are waiting for Monday to let the world in on all the joyous progress. I suspect they are more likely to wait on bad news than good news. They have often tried to control bad news over the weekend. Maybe they have decided it would be better to deal with it real time.
There is still a chance we see some bold new initiative or plan, but as I wrote last week,
every step and virtually every comment made, for the past 8 days, is consistent with preparing for a default.
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Ovviamente ognuno ha la
sua data di default "ad personam"
....
Una mia personalissima impressione: questi sembrano avere molte più frecce nell'arco che un indefinito default dopo maggio 2012 o dopo agosto 2013
In effetti, se è una sceneggiatura, è perfetta. Tutti ottimi attori, recitazione da vero thriller con guest star sincronizzate: IMF, CDS, mercati, BCE, FED, tedeschi, UE, Papa&Venizelos ecc...(a proposito di papa&coincidenze....Il Papa, quello del Vaticano, sarà in Germania...)
Si potrebbe aggiungere Moody's...perchè non ha chiuso la revisione del rating nei usuali 90 giorni ma ha rinviato? Rinviato dopo che?
Diciamocelo, ormai qui si vive alla giornata...
