Baro
Umile contadino
Al contrario !! Tommy è ancora dentro, Russia se n'è andato per ora dai ggb...si fa per dire perchè si è buttato su Groupama.Tommy ti sei un po' Russiabondizzato
Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 2
- Creatore Discussione tommy271
- Data di Inizio
- Stato
Baro
Umile contadino
Sei fortunato...io sarò sotto del 63%...
tommy271
Forumer storico
Tommy ti sei un po' Russiabondizzato
Ho la forza del giocatore che non ha "impegnato tutto" ...
.
tommy271
Forumer storico
Non state a guardare le perdite 50% o 60% cambia poco ...
Se va bene recuperiamo un pò tutti ...
tommy271
Forumer storico
Power Games Regarding Greek PSI and EFSF Role
The debate about the haircut of Greek debt has a new dimension, as a large proportion of banks involved in the negotiations expressed the view that the policymakers’ threat of a haircut by 60% would happen without the willingness of banks. That would mean a default, for which banks have no objection, as they state that they have already adequate CDS, which originate from U.S. investment banks.
In other words, they threat that if politician disagree with the proposal of 40% haircut voluntarily without the activation of the CDS, then they would face a haircut by 60% that would provide a credit event.
Controversy seems to intensify and agreement is now far from forthcoming.
Lukas Papademos, former Vice President of the European Central Bank, insisted that a haircut by 69% could have uncontrollable consequences.
Diplomatic sources, who monitor these negotiations, noted that the bankers have raised a second argument. They seek to extend regulation in non-private debt, which concerns both sovereign loans and ECB bonds, but Eurozone policymakers are strongly opposed.
According to the same sources, bankers’ pressures do not focus only on that target.
It is related also to the change of EFSF role and revival of Sarkozy’s proposal to convert the EFSF in a bank with funding from the ECB. But this proposal has been temporarily withdrawn from the negotiations.
Latest information indicates that the proposals for the activation of the EFSF focus on limited leverage of the rescue fund to use it directly or indirectly as a collateral for a part of the bond issues, beyond the role of lender for the troubled economies.
Sources close to the European Commission note that a solution to this impasse should be anticipated no later than tomorrow.
(capital.gr)
The debate about the haircut of Greek debt has a new dimension, as a large proportion of banks involved in the negotiations expressed the view that the policymakers’ threat of a haircut by 60% would happen without the willingness of banks. That would mean a default, for which banks have no objection, as they state that they have already adequate CDS, which originate from U.S. investment banks.
In other words, they threat that if politician disagree with the proposal of 40% haircut voluntarily without the activation of the CDS, then they would face a haircut by 60% that would provide a credit event.
Controversy seems to intensify and agreement is now far from forthcoming.
Lukas Papademos, former Vice President of the European Central Bank, insisted that a haircut by 69% could have uncontrollable consequences.
Diplomatic sources, who monitor these negotiations, noted that the bankers have raised a second argument. They seek to extend regulation in non-private debt, which concerns both sovereign loans and ECB bonds, but Eurozone policymakers are strongly opposed.
According to the same sources, bankers’ pressures do not focus only on that target.
It is related also to the change of EFSF role and revival of Sarkozy’s proposal to convert the EFSF in a bank with funding from the ECB. But this proposal has been temporarily withdrawn from the negotiations.
Latest information indicates that the proposals for the activation of the EFSF focus on limited leverage of the rescue fund to use it directly or indirectly as a collateral for a part of the bond issues, beyond the role of lender for the troubled economies.
Sources close to the European Commission note that a solution to this impasse should be anticipated no later than tomorrow.
(capital.gr)
tommy271
Forumer storico
Haircut Speculation Sinks Greek Banks
Greek Stocks opened with a sharp decline on Monday, in the wake of statements and scenarios about the haircut on Greek bonds.
After three consecutive upward sessions last week, the works of the Eurogroup meeting on Friday and EU Summit on Sunday betrayed expectations that a larger haircut of Greek government bonds would be avoidable, reviving questions on whether the program is actually voluntary.
Meanwhile, until decisions are finalized for the haircut and other serious Eurozone issues, as the EFSF leverage, the market would continue to have no clear picture of the developments, according to analysts. The package of measures under discussions can not be assessed yet as a whole, they explain, expecting increased volatility and downside risk at least until Wednesday.
Rumours are expected to intensify ahead of the Oct 26th meeting when the key decisions would be presented and adopted, said Marfin Analysis in a report, adding that some relief could be provided as Eurozone finance ministers have approved the disbursement of the 6th loan tranche. Banks should be in the spotlight given the discussions that are taking place regarding haircut’s height and debt solution, noted Marfin.
Eurobank Equities expects the market to remain volatile ahead of next Wednesday’s final decisions regarding a potential haircut, while Piraeus Securities notes that the market would retreat today in the wake of the EU differences regarding the faith of the Greek haircut and the decisions expected from the second EU summit planned in the middle of this week.
On the board, the General Index is at 741.14 units with major losses of 5.27%. So far, the turnover stands at €16.86 million, while a total amount of 92 shares decline, 23 rise and 13 remain unchanged.
Banks fall by 15.32% at 318.02 units.
(capital.gr)
***
L'andamento alla Borsa di Atene.
Greek Stocks opened with a sharp decline on Monday, in the wake of statements and scenarios about the haircut on Greek bonds.
After three consecutive upward sessions last week, the works of the Eurogroup meeting on Friday and EU Summit on Sunday betrayed expectations that a larger haircut of Greek government bonds would be avoidable, reviving questions on whether the program is actually voluntary.
Meanwhile, until decisions are finalized for the haircut and other serious Eurozone issues, as the EFSF leverage, the market would continue to have no clear picture of the developments, according to analysts. The package of measures under discussions can not be assessed yet as a whole, they explain, expecting increased volatility and downside risk at least until Wednesday.
Rumours are expected to intensify ahead of the Oct 26th meeting when the key decisions would be presented and adopted, said Marfin Analysis in a report, adding that some relief could be provided as Eurozone finance ministers have approved the disbursement of the 6th loan tranche. Banks should be in the spotlight given the discussions that are taking place regarding haircut’s height and debt solution, noted Marfin.
Eurobank Equities expects the market to remain volatile ahead of next Wednesday’s final decisions regarding a potential haircut, while Piraeus Securities notes that the market would retreat today in the wake of the EU differences regarding the faith of the Greek haircut and the decisions expected from the second EU summit planned in the middle of this week.
On the board, the General Index is at 741.14 units with major losses of 5.27%. So far, the turnover stands at €16.86 million, while a total amount of 92 shares decline, 23 rise and 13 remain unchanged.
Banks fall by 15.32% at 318.02 units.
(capital.gr)
***
L'andamento alla Borsa di Atene.
giub
New Membro
karl
M.A.S.
La mia idea è che non abbiano la faccia tosta di mettersi al di sotto di una argentina ; posso anche sbagliarmi.
Comunque se fanno default come possono finanziarsi poi sui mercati ? al tasso del 15%?
Comunque un default al 50% su tutti i bond (compresa BCE)renderebbe il debito greco sostenibile e certamente in condizioni migliori di quello italiano.
Se fanno default obbligatorio sotto il 50% consiglierei a tutti i possessori di TdS italiani di vendere al meglio il giorno dopo perchè i nostri bond arriverebbero a quotare come i greci adesso.
tommy271
Forumer storico
Spread: Btp sopra 390, Francia a massimi
Rendimento decennale italiano sale al 5,95%
(ANSA) - ROMA, 24 OTT - Si allarga lo spread tra il decennale italiano e tedesco tornando sopra i 390 punti base (391,8) con il rendimento del Btp in rialzo al 5,95%. Sui massimi il differenziale degli Oat francesi con il Bund a 119,5, mentre quello dei Bonos spagnoli oscilla a 347,5 punti. (ANSA).
***
Il nostro in oscillazione stabile a 2297 pb.
Rendimento decennale italiano sale al 5,95%
(ANSA) - ROMA, 24 OTT - Si allarga lo spread tra il decennale italiano e tedesco tornando sopra i 390 punti base (391,8) con il rendimento del Btp in rialzo al 5,95%. Sui massimi il differenziale degli Oat francesi con il Bund a 119,5, mentre quello dei Bonos spagnoli oscilla a 347,5 punti. (ANSA).
***
Il nostro in oscillazione stabile a 2297 pb.
sboom69
Forumer attivo
come dice il post ridurre il deb greco di 75 mld è una boccata d'ossigeno, non l'uscita dal tunnel e sempre se passa, vedo che le banche vogliono in qlc modo discutere anche i 60 mld della bce e secondome prima o poi ci dovranno pensare ( riacquisto agevolato a 75-80) altrimenti il beneficio per la grecia è poco e non garantisce ancora sicurezza che ripaghino i collaterali di garanzia, il che potrebbe toccare le ns quotazioni almeno dal 2014 in avanti, non escludo , come detto da molti, che fra 12-18 riproporranno qlc a tutti, noi compresi, e scadenze dal 2020 comprese
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