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

[tommy271]

Bill passes, PASOK down to 153 seats

A bill containing a series of austerity measures and reforms demanded by the eurozone and International Monetary Fund so Greece could receive further loan installments was passed through Parliament on Thursday night but PASOK’s majority was reduced to just three seats after Prime Minister George Papandreou expelled MP Louka Katseli from the party.
Katseli voted in favor of all the articles of the draft law apart from Article 37, which proposed suspending collective contracts. This meant the bill was approved in its entirety by the other 153 PASOK deputies. Immediately after the count, Papandreou confirmed in writing that he was ousting his former college dorm-mate Katseli.
The former labor minister said that even as an independent, she aimed to stay loyal to PASOK. “I was and will always be PASOK,” she said, adding that she could not support a reform that would lead to labor rights being eroded. Katseli had suggested that Article 37 would lead to the scrapping of collective contracts altogether.
Another PASOK deputy who expressed reservations about this article, Vasso Papandreou, voted for the bill but warned the government it was running out of time. “The prime minister assured me that even if one article of this bill was not approved, we would not get the sixth loan tranche,” she said. “This is the last time I am voting against my conscience. Political initiatives are needed… the country is falling apart.”
Several PASOK MPs suggested the Socialists would have to create a national unity government to continue the attempt to get Greece’s finances back on track. “I firmly believe that no one-party government, with or without elections, can get the country out of the crisis,” said lawmaker Dimitris Kremastinos.
However, the parliamentary debate suggested there was little possibility of a coalition being formed. Finance Minister Evangelos Venizelos accused the opposition parties of shirking their responsibility by refusing to support the policies being adopted by the government.


ekathimerini.com , Thursday October 20, 2011 (22:47)

***
La difficile situazione all'interno del Pasok.

 

[tommy271]

Tourism faces drop in October

The Greek tourist industry was dealt a fresh blow in October as hotel owners signaled a new wave of cancellations on previously made reservations, Kathimerini reported.
The cancellations regarded reservations made by international travellers who planned to visit Athens and other spots around the country in the second half of October.
The main reason for the cancellations were serious problems in the transportation of tourists which were triggered by multiple strikes taking place around Greece.
Professionals in the Greek tourist sector noted that images of tourists carrying their luggage across Athens and other areas made global headlines and painted a negative picture of the country.
Cancellations of scheduled flights due to strike action by air traffic controllers was another factor which contributed to travellers cancelling their plans to visit Greece.



ekathimerini.com , Thursday October 20, 2011 (16:22)

 

[karl]

La più lunga che hai ora, qual' è?

Ho delle 2018 e per la maggior parte (361k) ho le 2014 5,5; poi ho diverse 2012

 

[drbs315]

***CRISI: BLESSING (COMMERZBANK), GRECIA DICHIARI L'INSOLVENZA

"Basta aiuti, solo cosi' sui mercati tornera' la fiducia"

(Il Sole 24 Ore Radiocor) - Milano, 21 ott - La Grecia si
dichiari insolvente e parta una vera ristrutturazione del
debito che farebbe tornare la fiducia sui mercati. Lo ha
dichiarato Martin Blessing, a.d. di Commerzbank, in
un'intervista pubblicata dal giornale tedesco Bild. "I
creditori di Atene devono accettare un taglio del debito
greco (il cosiddetto haircut al nominale delle obbligazioni,
ndr) - ha aggiunto Blessing - senza una vera
ristrutturazione sui mercati finanziari non tornera' il
sereno". Piuttosto che chiedere ulteriori sostegni e
dilazioni ai creditori privati, conclude il manager della
banca tedesca, la Grecia dovrebbe dichiarare default e cio'
sarebbe possibile solo se la Troika decidesse di non erogare
la prossima tranche di aiuti.
Che

(RADIOCOR) 21-10-11 08:49:44 (0057)news 5 NNNN

 

[tommy271]

EU urges release of sixth tranche



Debt crisis solution postponed until next Wednesday, amid disagreements within the bloc

By Sotiris Nikas
The European Commission is calling for the immediate disbursement of the sixth tranche of loans to Greece, but disagreements within the eurozone and with the International Monetary Fund over the handling of the Greek debt crisis have led to a solution from the eurozone being postponed until next week while the IMF has decided to issue a separate report.
Notably, the Commission’s draft report, prepared in cooperation with the European Central Bank and leaked to Reuters on Thursday, does not include a separate report on the sustainability of the Greek debt, while noting that as things stand, the public debt picture has worsened and it would take an “ambitious and lasting” reform agenda to reverse the situation.
With France and Germany still in disagreement over a number of issues, French President Nicolas Sarkozy stated yesterday that a solution was not possible in Sunday’s eurozone summit, therefore another summit would take place “next Wednesday at the latest,” after all elements of the crisis strategy have been discussed on Sunday.
The draft report forecasts a significant increase in public debt to 181.4 percent of gross domestic product for 2012, against the draft budget’s estimate for 172 percent of GDP.
It adds that revenues from privatizations for 2011 will come to no more than 1.7 billion euros, against a target for 5 billion, and expresses doubts about the target of reducing the deficit despite the measures taken; it expects the deficit to surge to 8.9 percent of GDP, or 19.4 billion euros, against a provision for 18.7 billion euros in the 2012 draft budget.
The fact that the report calls for specific measures amounting to 8.2 billion euros for the 2013-14 period (3.4 billion for 2013 and 4.8 billion in 2014) shows that the negotiations between the government and the troika did not end with the departure of the creditors’ representatives from Athens a few days ago.
The Commission observes that from July, when the eurozone summit agreed on Greece’s second bailout package, until the end of September hardly a single target was met. In that period, it notes, there was a fiscal gap amounting to 1.8 billion euros for this year and 4.7 billion euros for 2012, forcing the government to need new measures to cover it.
The economy will close this year with a 5.5 percent reduction, the report expects, while the recession will amount to 2.8 percent next year (against 2.5 percent that the budget expects). Greece will have to wait until 2013 for its economy to start growing again, at the sluggish rate of just 0.7 percent (against a budget provision for 1.5 percent).






ekathimerini.com , Thursday October 20, 2011 (22:42)

 

[tommy271]

***CRISI: BLESSING (COMMERZBANK), GRECIA DICHIARI L'INSOLVENZA

"Basta aiuti, solo cosi' sui mercati tornera' la fiducia"

(Il Sole 24 Ore Radiocor) - Milano, 21 ott - La Grecia si
dichiari insolvente e parta una vera ristrutturazione del
debito che farebbe tornare la fiducia sui mercati. Lo ha
dichiarato Martin Blessing, a.d. di Commerzbank, in
un'intervista pubblicata dal giornale tedesco Bild. "I
creditori di Atene devono accettare un taglio del debito
greco (il cosiddetto haircut al nominale delle obbligazioni,
ndr) - ha aggiunto Blessing - senza una vera
ristrutturazione sui mercati finanziari non tornera' il
sereno". Piuttosto che chiedere ulteriori sostegni e
dilazioni ai creditori privati, conclude il manager della
banca tedesca, la Grecia dovrebbe dichiarare default e cio'
sarebbe possibile solo se la Troika decidesse di non erogare
la prossima tranche di aiuti.
Che

(RADIOCOR) 21-10-11 08:49:44 (0057)news 5 NNNN

Se la Merkel chiederà un taglio "esagerato" le banche punteranno ad incassare i CDS...

 

[tommy271]

Tourism, exports still growing

Tourism and exports are the only sectors of the economy that are managing to deliver any positive news during the general crisis in the country this year.
Bank of Greece data for the first eight months of 2011 showed on Thursday that tourism revenues increased by 10 percent, or 700 million euros, from the same period last year, amounting to 7.7 billion euros. Foreign tourist arrivals grew by 9.9 percent year-on-year, according to BoG data. In August alone, revenues increased by 6.5 percent and arrivals by 6.2 percent.
The total deficit of the trade balance went down by 1.05 billion euros in the first eight months of the year, as revenues from exports of goods (not including fuel and ships) increased by 17.4 percent and payment for imports declined by 6.1 percent.
Direct investment showed a net outflow of 1.4 billion euros in the year to August, against 269 million euros in the same period in 2010.
Spending by Greek tourists abroad increased by 6.8 percent, reaching 2.4 billion euros.



ekathimerini.com , Thursday October 20, 2011 (23:02)

 

[Zebro]

RPT-IFR-S&P updates systemic stress scenario for Western Europe banks

venerdì 21 ottobre 2011 05:14




Additionally, the double-dip recession scenario would likely see Portugal downgraded by two notches into the speculative grade category of 'BB' from 'BBB.'
Italy and Spain would likely be downgraded by two notches to 'BBB+' from 'A', and to 'A+' from 'AA-', respectively, because of a further deterioration of their fiscal performance and debt positions.

Defaults on corporates under the double-dip and interest rate shock combination would likely increase to between 10-13%, S&P said, in line with the peak default experience in Europe in 2009 and 2002.

Se accadesse sarebbe la vittoria della speculazione anti zona euro.
Ma, più o meno, è quello che sento dire qui in Germania dove mi trovo ora.

Qui dicono: si salvano tutti meno Grecia e Italia che dovranno tagliare il debito (la Grecia di più, l'Italia intorno al 25%) Greci Italiani, una faccia una razza.... le manifestazioni a Roma degli "indignados" sono la prova della balcanizzazione italiana. La Spagna, sempre secondo la vox populi teutonica si salverà più facilmente, sia per il sistema politico meno confuso, sia per il debito meno gravoso. Il pericolo nella penisola iberica è la disoccupazione. Ma almeno là, gli "indignados" hanno cominciato un po' tutti a chiamarli "los indignos" gli indegni. L'opinione pubblica e le forze sociali non li appoggiano più molto.

In ogni caso il dollaro la trionferà... e il nuovo Marco che verrà...

Spero proprio che si sbaglino... ma intanto dobbiamo sorbirci un nuovo duetto Merkel-Sarkò...

 

[tommy271]

Missione «bonifica» per l'Efsf




http://www.ilsole24ore.com/art/comm...one-bonifica-lefsf-083039.shtml?uuid=AaOAFlEE

 

[karl]

Qual'è la tua strategia attuale?

Accorciare da... a...

Grazie.

Accorciare da 2018 a 2014 e se possibile da 2014 a 2012 ma la vedo difficile a meno di non immettere altri 40k dato che non vorrei diminuire il nominale.