Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 2
- Creatore Discussione tommy271
- Data di Inizio
- Stato
Nobody's
Γένοιο οἷος εἷ
Dimmi cosa che approva
Se falliamo almeno sappiamo di chi son le colpe......
Orami per le sue stronzate, ci ha tirato dentro tutti
Nobody's
Γένοιο οἷος εἷ
Teleconferenza Atene-Troika va avanti
POSSIBILE AGGIORNAMENTO A DOMANI
19 settembre, 19:43
(ANSA) - ROMA, 19 SET - La teleconferenza tra governo greco, Ue, Fmi e Bce potrebbe andare avanti in nottata e potrebbe essere aggiornata anche a domani. Lo ha fatto sapere in una nota il ministero delle Finanze di Atene.
''La conference call - si legge - potrebbe durare fino alle prime ore della mattina e potrebbe proseguire domani o piu' tardi'', si legge.
© Copyright ANSA - Tutti i diritti riservati
POSSIBILE AGGIORNAMENTO A DOMANI
19 settembre, 19:43
(ANSA) - ROMA, 19 SET - La teleconferenza tra governo greco, Ue, Fmi e Bce potrebbe andare avanti in nottata e potrebbe essere aggiornata anche a domani. Lo ha fatto sapere in una nota il ministero delle Finanze di Atene.
''La conference call - si legge - potrebbe durare fino alle prime ore della mattina e potrebbe proseguire domani o piu' tardi'', si legge.
© Copyright ANSA - Tutti i diritti riservati
giub
New Membro
Greek default fear infects markets
19/09 18:24 CET
Europe’s financial markets fell sharply as the new week started on fears that the Greek government is close to running out of money.
At the same time EU finance ministers failed – during weekend talks – to agree on new steps to resolve the euro zone’s debt crisis.
Investors are now braced for the worst possible outcome a disorderly Greek default on its debts.
French banks Societe Generale and BNP Paribas, which both have exposure to euro zone sovereign peripheral debt, fell 6.0 percent and 5.2 percent to feature in the bottom performers list in Paris
Analyst Oliver Roth of Close Brothers Seydler Bank in Frankfurt said: “It is important for the market to have stability and security. At the moment, that stability is not possible because of the difficult situation in Greece. And that’s why there is so much pressure on investors, after last week’s recovery. But that recovery was only of technical nature.”
Greece’s finances are in such a mess that the previously unthinkable is now being discussed in detail by economists. Howard Wheeldon, of BGC Partners in London said: “We’ve probably already accepted that there will be a default. Greece doesn’t actually have to leave the euro, the euro has to split in two. I think the weaker and the stronger have to go into two separate halves.”
To get its next instalment of bailout money – eight billion euros – Athens has to convince the European Union and the International Monetary Fund that it really will move to cut spending.
Greek Finance Minister Evangelos Venizelos, admitted the whole region is under threat: “This is a very difficult week for the country, for the euro zone, for all of us and for me personally. The problem of Europe as has been proved once more is a political and institutional one.”
The IMF’s representative in Greece said Athens must do what it has promised, including firing thousands more government workers, cutting or freezing state salaries and pensions, raising taxes and actually collecting the billions of tax arrears owed.
“One critical thing we learned is that it (adjustment) will take more time because of the implementation capacity in Greece,” Bob Traa said. “We will stand by you but you need to implement your commitments.” He added: “There is plenty of goodwill to give Greece more time.”
Traa said the debt-choked country had made a strong start on reforms but after municipal elections last autumn the spirit of pushing through reforms waned and this was feeding back into a weaker economy.
On Monday, the head of the World Bank Robert Zoellick urged “cooperative action” on the debt crisis and warned it is starting to hit investor and consumer confidence worldwide.
“So far foreign direct investment to developing countries has held up, which is good, but we need a close watch,” Zoellick told reporters ahead of meetings of global finance leaders in Washington this week. “A new and larger risk looms. The drop in markets and confidence could prompt slippage in developing countries’ investment and a pull back by their consumers too.”
19/09 18:24 CET
Europe’s financial markets fell sharply as the new week started on fears that the Greek government is close to running out of money.
At the same time EU finance ministers failed – during weekend talks – to agree on new steps to resolve the euro zone’s debt crisis.
Investors are now braced for the worst possible outcome a disorderly Greek default on its debts.
French banks Societe Generale and BNP Paribas, which both have exposure to euro zone sovereign peripheral debt, fell 6.0 percent and 5.2 percent to feature in the bottom performers list in Paris
Analyst Oliver Roth of Close Brothers Seydler Bank in Frankfurt said: “It is important for the market to have stability and security. At the moment, that stability is not possible because of the difficult situation in Greece. And that’s why there is so much pressure on investors, after last week’s recovery. But that recovery was only of technical nature.”
Greece’s finances are in such a mess that the previously unthinkable is now being discussed in detail by economists. Howard Wheeldon, of BGC Partners in London said: “We’ve probably already accepted that there will be a default. Greece doesn’t actually have to leave the euro, the euro has to split in two. I think the weaker and the stronger have to go into two separate halves.”
To get its next instalment of bailout money – eight billion euros – Athens has to convince the European Union and the International Monetary Fund that it really will move to cut spending.
Greek Finance Minister Evangelos Venizelos, admitted the whole region is under threat: “This is a very difficult week for the country, for the euro zone, for all of us and for me personally. The problem of Europe as has been proved once more is a political and institutional one.”
The IMF’s representative in Greece said Athens must do what it has promised, including firing thousands more government workers, cutting or freezing state salaries and pensions, raising taxes and actually collecting the billions of tax arrears owed.
“One critical thing we learned is that it (adjustment) will take more time because of the implementation capacity in Greece,” Bob Traa said. “We will stand by you but you need to implement your commitments.” He added: “There is plenty of goodwill to give Greece more time.”
Traa said the debt-choked country had made a strong start on reforms but after municipal elections last autumn the spirit of pushing through reforms waned and this was feeding back into a weaker economy.
On Monday, the head of the World Bank Robert Zoellick urged “cooperative action” on the debt crisis and warned it is starting to hit investor and consumer confidence worldwide.
“So far foreign direct investment to developing countries has held up, which is good, but we need a close watch,” Zoellick told reporters ahead of meetings of global finance leaders in Washington this week. “A new and larger risk looms. The drop in markets and confidence could prompt slippage in developing countries’ investment and a pull back by their consumers too.”
tommy271
Forumer storico
Dimmi cosa che approva
Se falliamo almeno sappiamo di chi son le colpe......
Orami per le sue stronzate, ci ha tirato dentro tutti
A fatica, ma finora siamo andati avanti.
Verso fine mese il Parlamento Tedesco voterà a favore delle modifiche all'EFSF.
Questa è un'azione concreta.
Lo sai anche tu che ho poca stima della Merkel, troppo ondivaga e con le idee poco chiare.
Ma - oggettivamente - il suo scopo non è quello di affondare l'Euro ma di salvarlo.
Lo stesso dicasi di Schaeuble, forse nelle vesti di un capofamiglia troppo rigido, ma che bacchetta a fin di bene i propri figli.
tommy271
Forumer storico
Leggevo adesso sui siti ellenici la stessa tempistica.
Domani ne sapremo di più.
Ma non possiamo pretendere annunci roboanti di licenziamenti, tagli ecc.
Vogliamo le rivolte di piazza? Un cambio di governo? (quello che verrà dopo possiamo solo immaginare cosa dichiarerà di voler fare).
ferdo
Utente Senior
Potrebbero far diventare la Grecia un protettorato tedesco. Non male !
Potrebbe diventare la Namibia del Mediterraneo...
potrebbe invadere Cipro come mossa diversiva
stile Argentina Malvinas o Iraq Kuwait
carib
rerum cognoscere causas
un cambio di governo.. presuppone elezioni.
A parte che non vedo Samaras ottenere la maggioranza assoluta..
non c'é tempo. Per fare nuove elezioni e nuovo governo occorre per lo meno un mese. La grecia finisce i soldi prima, e la troika non li presta ad un governo..
che non c'é più.
ferdo
Utente Senior
Greece’s ability to avoid default hangs in the balance as international monitors prepare to assess whether Prime Minister George Papandreou’s government can meet the conditions of rescue loans.
European Union and International Monetary Fund inspectors began a teleconference today at 7:22 p.m. Athens time with Finance Minister Evangelos Venizelos and other officials to judge whether the government is eligible for an aid payment due next month and on track for a second rescue package approved by EU leaders on July 21.
“We can’t move along without real implementation of fiscal reforms and we are late,” Venizelos said at a conference in Athens today before the call began. “We must reach the end of December with a cash balance result that’s within fiscal targets.”
Greece is struggling to prove to its partners that it’s doing enough to receive a sixth tranche of loans to prevent default. As Papandreou fights investor doubts and domestic opposition, European leaders are squabbling over the terms of the July agreement and the prospect that they will be forced to channel more money to keep Greece in the currency union. IMF and EU monitors suspended their review earlier this month after discovering an unexpected hole in the budget.
Five-Year Plan
No official announcement will be made after the call, which may last until the early morning and could resume tomorrow or at a later time, the Athens-based Finance Ministry said in an e- mailed statement. There is no Greek Cabinet meeting scheduled tomorrow, a departure from an original plan to discuss the results of the call later today.
Venizelos said yesterday that some measures in the five- year 78 billion-euro ($107 billion) medium-term budget plan adopted in June may need to be brought forward to meet targets, a week after announcing a property levy to help raise 2 billion euros.
The European Commission isn’t demanding more of Greece than was agreed to in the international aid program for the country, economics spokesman Amadeu Altafaj told reporters in Brussels. “The only thing that is on the table is full compliance with the agreed targets. No more, no less,” he said, adding that only after today’s conference call will the commission “be in a position to communicate further on the next steps.”
‘Smaller and Smarter’
Venizelos said state has to become “smaller and smarter” and the focus in the 2012 budget will be on spending cuts. New taxes can’t be “incessantly” imposed because of the inefficiency of the tax collection system, he said.
Yesterday, German Chancellor Angela Merkel’s party lost a regional election in Berlin, the last of seven state ballots this year that have seen the coalition parties punished amid voter anger over her handling of the debt crisis.
Greece’s 10-year yield rose 183 basis points to 23 percent while two-year notes added 625 basis points to 61.38 percent. The notes rose for the first week in two months last week as traders trimmed bets for a pending default after the leaders of Germany and France signaled a commitment to keeping Greece in the euro area. They had climbed above 80 percent for the first time on Sept. 14 amid speculation the country wouldn’t be able to meet its obligations to investors.
Financial Aid
Stocks tumbled, halting a five-day rally in U.S. benchmark indexes, and the euro weakened amid concern Greece will fail to qualify for more financial aid needed to avoid default. Treasuries rose, sending two-year yields to a record low, and copper and oil slid.
The Standard & Poor’s 500 Index retreated 2 percent to 1,192.10 at 1:14 p.m. in New York and the Stoxx Europe 600 Index closed down 2.3 percent. The euro depreciated 1.2 percent versus the U.S. currency and the Dollar Index rose for a second day. Ten-year Treasury yields fell 11 basis points and the similar- maturity Greek yield jumped 183 basis points. Copper sank to a nine-month low and oil slid 3.3 percent.
The finance minister will set out plans announced Sept. 6 to accelerate state asset sales and cut spending by placing civil servants in a “reserve” system and shutting down dozens of government agencies.
Greece’s three main aims are to meet targets for 2011 and 2012, create a primary surplus as soon as possible and pursue structural reforms with vigor to shield the country, he said yesterday. The economy will shrink 5.5 percent this year and also contract next year, he said today. The goal is still to achieve a primary surplus of 3 billion euros next year, he said.
Budget Deficit
Venizelos is blaming a third year of a deepening recession for failing to meet budget targets. The announcements this month including the property levy are a bid to show Greece is serious about addressing its benefactors’ concerns, key to getting the 159 billion-euro package agreed to in July. That would supplement last year’s 110 billion-euro package.
Additional measures are needed to reduce the budget deficit to a sustainable level, Bob Traa, the IMF’s resident representative in Greece, said today. He added that it was “appropriate and important” to underline that the IMF disagreed with the view that the program carried out by the government has been unsuccessful to date. “Impressive fiscal consolidation has happened,” he said.
Greece won’t return to growth until 2013, with economic output declining 2.5 percent next year, Traa said.
U.S. Trip
Venizelos on Sept. 17 dismissed talk of the country declaring bankruptcy and said Papandreou canceled his planned week-long U.S. visit to be prepared to take quick decisions this week, when Parliament votes on the July 21 package, which also gave Europe’s rescue-fund expanded authority.
Papandreou had planned to meet officials including IMF Managing Director Christine Lagarde and U.S. Treasury Secretary Timothy F. Geithner on his trip to New York and Washington. His first meeting was scheduled for New York yesterday. A separate meeting this month between Lagarde and Venizelos is still planned, a Finance Ministry official said.
Papandreou last week promised a “decisive battle” for budget cuts to persuade European governments and the IMF to release the 8 billion-euro loan installment.
Greece is now looking to the next meeting of euro-area finance ministers, on Oct. 3, for a decision on the release of the installment. The loan would be disbursed by mid-October, enabling the government to pay its bills through the end of the year.
‘Too Little and Too Late’
Former IMF head Dominique Strauss-Kahn said that forcing Greece to pay back its debts would unacceptably impoverish the country, and that everyone must be willing to accept losses on Greek debt.
“They can’t pay,” Strauss-Kahn said in interview yesterday with France’s TF1 television. “The efforts of European leaders have been too little, or too late, or often both too little and too late.”
Greece has the cash reserves to cover its needs for October, Deputy Finance Minister Filippos Sachinidis said on Sept. 12.
Higher taxes and cuts in wages and pensions in return for a 110 billion-euro package of loans from the EU and IMF in May 2010 have weighed on Papandreou’s standing with Greeks, with his Pasok party now trailing the opposition in polls.
Protest Plans
People with disabilities gathered outside the Finance Ministry in central Athens today to protest plans for the special property tax and government plans to include them in the reserve plan for civil servants. “The measures announced don’t protect the weaker groups in society,” Yiannis Limdaios, a protester, told state-run NET TV.
Nine in 10 Greeks are dissatisfied with the government and opposition’s handling of the crisis, according to a poll of 1,216 Greeks by Public Issue for Kathimerini newspaper on Sept 11.
Opposition New Democracy’s lead over Pasok is now four percentage points, with the poll showing neither party would win an outright majority in parliament. The poll was conducted Sept. 2 to Sept. 7 and the margin of error is 2.9 percentage points.
New Democracy leader Antonis Samaras yesterday repeated a call for elections, promising Greeks he would renegotiate the terms of the financing package if his party wins a majority in parliament.
“The biggest weapon the country has right now is elections and clear solutions,” he said. New Democracy needs “the clear mandate of the people to renegotiate” the agreements.
European Union and International Monetary Fund inspectors began a teleconference today at 7:22 p.m. Athens time with Finance Minister Evangelos Venizelos and other officials to judge whether the government is eligible for an aid payment due next month and on track for a second rescue package approved by EU leaders on July 21.
“We can’t move along without real implementation of fiscal reforms and we are late,” Venizelos said at a conference in Athens today before the call began. “We must reach the end of December with a cash balance result that’s within fiscal targets.”
Greece is struggling to prove to its partners that it’s doing enough to receive a sixth tranche of loans to prevent default. As Papandreou fights investor doubts and domestic opposition, European leaders are squabbling over the terms of the July agreement and the prospect that they will be forced to channel more money to keep Greece in the currency union. IMF and EU monitors suspended their review earlier this month after discovering an unexpected hole in the budget.
Five-Year Plan
No official announcement will be made after the call, which may last until the early morning and could resume tomorrow or at a later time, the Athens-based Finance Ministry said in an e- mailed statement. There is no Greek Cabinet meeting scheduled tomorrow, a departure from an original plan to discuss the results of the call later today.
Venizelos said yesterday that some measures in the five- year 78 billion-euro ($107 billion) medium-term budget plan adopted in June may need to be brought forward to meet targets, a week after announcing a property levy to help raise 2 billion euros.
The European Commission isn’t demanding more of Greece than was agreed to in the international aid program for the country, economics spokesman Amadeu Altafaj told reporters in Brussels. “The only thing that is on the table is full compliance with the agreed targets. No more, no less,” he said, adding that only after today’s conference call will the commission “be in a position to communicate further on the next steps.”
‘Smaller and Smarter’
Venizelos said state has to become “smaller and smarter” and the focus in the 2012 budget will be on spending cuts. New taxes can’t be “incessantly” imposed because of the inefficiency of the tax collection system, he said.
Yesterday, German Chancellor Angela Merkel’s party lost a regional election in Berlin, the last of seven state ballots this year that have seen the coalition parties punished amid voter anger over her handling of the debt crisis.
Greece’s 10-year yield rose 183 basis points to 23 percent while two-year notes added 625 basis points to 61.38 percent. The notes rose for the first week in two months last week as traders trimmed bets for a pending default after the leaders of Germany and France signaled a commitment to keeping Greece in the euro area. They had climbed above 80 percent for the first time on Sept. 14 amid speculation the country wouldn’t be able to meet its obligations to investors.
Financial Aid
Stocks tumbled, halting a five-day rally in U.S. benchmark indexes, and the euro weakened amid concern Greece will fail to qualify for more financial aid needed to avoid default. Treasuries rose, sending two-year yields to a record low, and copper and oil slid.
The Standard & Poor’s 500 Index retreated 2 percent to 1,192.10 at 1:14 p.m. in New York and the Stoxx Europe 600 Index closed down 2.3 percent. The euro depreciated 1.2 percent versus the U.S. currency and the Dollar Index rose for a second day. Ten-year Treasury yields fell 11 basis points and the similar- maturity Greek yield jumped 183 basis points. Copper sank to a nine-month low and oil slid 3.3 percent.
The finance minister will set out plans announced Sept. 6 to accelerate state asset sales and cut spending by placing civil servants in a “reserve” system and shutting down dozens of government agencies.
Greece’s three main aims are to meet targets for 2011 and 2012, create a primary surplus as soon as possible and pursue structural reforms with vigor to shield the country, he said yesterday. The economy will shrink 5.5 percent this year and also contract next year, he said today. The goal is still to achieve a primary surplus of 3 billion euros next year, he said.
Budget Deficit
Venizelos is blaming a third year of a deepening recession for failing to meet budget targets. The announcements this month including the property levy are a bid to show Greece is serious about addressing its benefactors’ concerns, key to getting the 159 billion-euro package agreed to in July. That would supplement last year’s 110 billion-euro package.
Additional measures are needed to reduce the budget deficit to a sustainable level, Bob Traa, the IMF’s resident representative in Greece, said today. He added that it was “appropriate and important” to underline that the IMF disagreed with the view that the program carried out by the government has been unsuccessful to date. “Impressive fiscal consolidation has happened,” he said.
Greece won’t return to growth until 2013, with economic output declining 2.5 percent next year, Traa said.
U.S. Trip
Venizelos on Sept. 17 dismissed talk of the country declaring bankruptcy and said Papandreou canceled his planned week-long U.S. visit to be prepared to take quick decisions this week, when Parliament votes on the July 21 package, which also gave Europe’s rescue-fund expanded authority.
Papandreou had planned to meet officials including IMF Managing Director Christine Lagarde and U.S. Treasury Secretary Timothy F. Geithner on his trip to New York and Washington. His first meeting was scheduled for New York yesterday. A separate meeting this month between Lagarde and Venizelos is still planned, a Finance Ministry official said.
Papandreou last week promised a “decisive battle” for budget cuts to persuade European governments and the IMF to release the 8 billion-euro loan installment.
Greece is now looking to the next meeting of euro-area finance ministers, on Oct. 3, for a decision on the release of the installment. The loan would be disbursed by mid-October, enabling the government to pay its bills through the end of the year.
‘Too Little and Too Late’
Former IMF head Dominique Strauss-Kahn said that forcing Greece to pay back its debts would unacceptably impoverish the country, and that everyone must be willing to accept losses on Greek debt.
“They can’t pay,” Strauss-Kahn said in interview yesterday with France’s TF1 television. “The efforts of European leaders have been too little, or too late, or often both too little and too late.”
Greece has the cash reserves to cover its needs for October, Deputy Finance Minister Filippos Sachinidis said on Sept. 12.
Higher taxes and cuts in wages and pensions in return for a 110 billion-euro package of loans from the EU and IMF in May 2010 have weighed on Papandreou’s standing with Greeks, with his Pasok party now trailing the opposition in polls.
Protest Plans
People with disabilities gathered outside the Finance Ministry in central Athens today to protest plans for the special property tax and government plans to include them in the reserve plan for civil servants. “The measures announced don’t protect the weaker groups in society,” Yiannis Limdaios, a protester, told state-run NET TV.
Nine in 10 Greeks are dissatisfied with the government and opposition’s handling of the crisis, according to a poll of 1,216 Greeks by Public Issue for Kathimerini newspaper on Sept 11.
Opposition New Democracy’s lead over Pasok is now four percentage points, with the poll showing neither party would win an outright majority in parliament. The poll was conducted Sept. 2 to Sept. 7 and the margin of error is 2.9 percentage points.
New Democracy leader Antonis Samaras yesterday repeated a call for elections, promising Greeks he would renegotiate the terms of the financing package if his party wins a majority in parliament.
“The biggest weapon the country has right now is elections and clear solutions,” he said. New Democracy needs “the clear mandate of the people to renegotiate” the agreements.
tommy271
Forumer storico
Quello che finora ha fermato le velleità di Samaras è proprio questo.
Al momento attuale nessuno può vantare una maggioranza assoluta.
In questo caso i due maggiori partiti non potrebbero far altro che sostenere un governo di coalizione.
Ipotesi, peraltro, ipotizzata da Papandreou nel giugno scorso, ma tramontata nell'arco di 24 ore per i veti incrociati.
D'altra parte la dinamica tra Pasok e ND si porta dietro le mai sopite insofferenze del dopo-colonnelli.
La Grecia non è la Spagna.
Ma, forse, è un bene.
- Stato
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