Grécia Abala Mercados -NewsLetter BonsInvestimentos Mar 2010
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Greece to Press U.S. to Crack Down on Speculators- Era bom!
Pessoalmente, cada vez mais sou de opinião que certos tipos de especuladores não trazem nenhma mais valia ao sistema económico/financeiro em geral, funcionando mais como um casino de apostas. Quem depois arca com as consequências são os que trabalham diariamente e produzem açguma coisa... não apenas lucros pessoais sem qualquer benefício para a sociadade em geral.
Não se aprendeu nada com a recente crise financeira. Por vezes interrogo-me qual o benefício de permitirem certos tipos de engenharias financeiras e de apostas no mercado financeiro, sem qualquer tipo de benefício para a sociedade.
Enfim, existe sempre (até quando?) o "zé pagante" que trabalha diariemente para pagar os erros dos especuladores desenfreados.
Privatizam-se os lucros e nacionalizam-se os prejuízos!! Infelizamente, nada mudou...
Greece to Press U.S. to Crack Down on ‘Speculators’ (Update1) Share Business ExchangeTwitterFacebook| Email | Print | A A A
By Shobhana Chandra
March 9 (Bloomberg) -- Greek Prime Minister George Papandreou will press President Barack Obama to help Europe combat “unprincipled speculators,” who he said have roiled markets and threaten a new global financial crisis.
“Europe and America must say ‘enough is enough’ to those speculators who only place value on immediate returns, with utter disregard for the consequences on the larger economic system,” he said in a speech yesterday in Washington.
Papandreou, who is struggling to convince investors his government is serious about taming Europe’s biggest budget deficit, meets Obama and Treasury Secretary Timothy F. Geithner today in his first U.S. visit since being elected in October.
“If the European crisis metastasizes, it could create a new global financial crisis with implications as grave as the U.S.-originated crisis two years ago,” Papandreou said.
He and other European leaders such as French President Nicolas Sarkozy have blamed speculators for much of the surge in Greek financing costs, rather than Greece’s budget gap of more than four times the European Union limit. Germany and France are pushing for curbs on “speculators” who use derivatives to bet against Greek debt, officials in Berlin and Brussels said yesterday.
The German financial regulator, BaFin, said yesterday that market data didn’t show evidence that credit default swaps were used to speculate against Greek bonds, contradicting claims that derivatives trading exacerbated the Greek debt crisis.
Hedge Funds
Data provided by the U.S. Depository Trust & Clearing Corporation didn’t show that new open positions were built up and also doesn’t indicate “massive speculative action,” BaFin said in an e-mailed statement.
U.S. authorities have told some hedge funds not to destroy trading records on euro bets, according to a person with knowledge of the requests. Greek Finance Minister George Papaconstantinou praised the U.S. efforts to scrutinize hedge funds. “It is very important for the U.S. to be on board,” he said in an interview in Washington yesterday.
Papandreou singled out credit-default swaps as being particularly disruptive, saying their use to protect against a Greek default was the equivalent of allowing someone to buy fire insurance on a neighbor’s house and then burning it down to collect.
Swaps a ‘Scourge’
The swaps are a “scourge” that “haunts Greece and all of us,” Papandreou said. U.S. and European regulators need to bolster regulations to curtain such activities, he said, or “a small problem could be the tipping point in an already volatile system.”
Concern that Greece may need a bailout has weakened the euro and doubled the premium investors demand to buy its debt over comparable German bonds. That spread reached 305 basis points today, more than twice the level of Nov. 10. The euro has fallen 5 percent this year and slipped to $1.3615 at 8:30 a.m. in London from $1.3634.
“Greece currently has to borrow at rates almost twice as high as other EU countries,” Papandreou said. “So when we borrow 5 billion euros ($6.8 billion) for five years, we must pay about 725 million euros more in interest than Germany does.”
EU leaders are also backing the creation of a lender of last resort that could come to a member’s aid the way the International Monetary Fund helps governments struggling to finance their deficits.
‘Not Sufficient’
“Our instruments are not sufficient,” German Chancellor Angela Merkel told members of the foreign press association in Berlin yesterday. “The European Union must be able to respond to the challenges of the moment.”
To try to convince the EU and investors that Greece was serious about trimming a deficit of 12.7 percent of gross domestic product, Papandreou last week announced a package of tax increases and spending cuts that helped the government sell 5 billion euros of bonds the next day. The Mediterranean country faces more than 20 billion euros in debt redemptions in April and May.
“We support the steps Greece is taking,” U.S. Secretary of State Hillary Clinton said after meeting with Papandreou yesterday. “We commend the prime minister and his government for moving quickly to put in place the changes that are called for given the economic consequences of the fiscal situation he inherited.”
Strikes, Protests
Papandreou said Greece may have a “hard time” carrying out its austerity plan if improvements are “swallowed up by prohibitive interest rates.” The measures have triggered widespread strikes that have disrupted transportation and public services and led to clashes on the streets of Athens.
The premier’s approval rating slipped more than 10 percentage points in the past two months as he introduced three rounds of budget cuts. Fifty-two percent of Greeks now have a positive opinion of Papandreou compared with 62.8 percent in January, according to the survey by GPO pollsters for Mega Television received today by e-mail. A total of 45.3 percent had a negative view.
To contact the reporter on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net
Last Updated: March 9, 2010 03:56 EST
Não se aprendeu nada com a recente crise financeira. Por vezes interrogo-me qual o benefício de permitirem certos tipos de engenharias financeiras e de apostas no mercado financeiro, sem qualquer tipo de benefício para a sociedade.
Enfim, existe sempre (até quando?) o "zé pagante" que trabalha diariemente para pagar os erros dos especuladores desenfreados.
Privatizam-se os lucros e nacionalizam-se os prejuízos!! Infelizamente, nada mudou...
Greece to Press U.S. to Crack Down on ‘Speculators’ (Update1) Share Business ExchangeTwitterFacebook| Email | Print | A A A
By Shobhana Chandra
March 9 (Bloomberg) -- Greek Prime Minister George Papandreou will press President Barack Obama to help Europe combat “unprincipled speculators,” who he said have roiled markets and threaten a new global financial crisis.
“Europe and America must say ‘enough is enough’ to those speculators who only place value on immediate returns, with utter disregard for the consequences on the larger economic system,” he said in a speech yesterday in Washington.
Papandreou, who is struggling to convince investors his government is serious about taming Europe’s biggest budget deficit, meets Obama and Treasury Secretary Timothy F. Geithner today in his first U.S. visit since being elected in October.
“If the European crisis metastasizes, it could create a new global financial crisis with implications as grave as the U.S.-originated crisis two years ago,” Papandreou said.
He and other European leaders such as French President Nicolas Sarkozy have blamed speculators for much of the surge in Greek financing costs, rather than Greece’s budget gap of more than four times the European Union limit. Germany and France are pushing for curbs on “speculators” who use derivatives to bet against Greek debt, officials in Berlin and Brussels said yesterday.
The German financial regulator, BaFin, said yesterday that market data didn’t show evidence that credit default swaps were used to speculate against Greek bonds, contradicting claims that derivatives trading exacerbated the Greek debt crisis.
Hedge Funds
Data provided by the U.S. Depository Trust & Clearing Corporation didn’t show that new open positions were built up and also doesn’t indicate “massive speculative action,” BaFin said in an e-mailed statement.
U.S. authorities have told some hedge funds not to destroy trading records on euro bets, according to a person with knowledge of the requests. Greek Finance Minister George Papaconstantinou praised the U.S. efforts to scrutinize hedge funds. “It is very important for the U.S. to be on board,” he said in an interview in Washington yesterday.
Papandreou singled out credit-default swaps as being particularly disruptive, saying their use to protect against a Greek default was the equivalent of allowing someone to buy fire insurance on a neighbor’s house and then burning it down to collect.
Swaps a ‘Scourge’
The swaps are a “scourge” that “haunts Greece and all of us,” Papandreou said. U.S. and European regulators need to bolster regulations to curtain such activities, he said, or “a small problem could be the tipping point in an already volatile system.”
Concern that Greece may need a bailout has weakened the euro and doubled the premium investors demand to buy its debt over comparable German bonds. That spread reached 305 basis points today, more than twice the level of Nov. 10. The euro has fallen 5 percent this year and slipped to $1.3615 at 8:30 a.m. in London from $1.3634.
“Greece currently has to borrow at rates almost twice as high as other EU countries,” Papandreou said. “So when we borrow 5 billion euros ($6.8 billion) for five years, we must pay about 725 million euros more in interest than Germany does.”
EU leaders are also backing the creation of a lender of last resort that could come to a member’s aid the way the International Monetary Fund helps governments struggling to finance their deficits.
‘Not Sufficient’
“Our instruments are not sufficient,” German Chancellor Angela Merkel told members of the foreign press association in Berlin yesterday. “The European Union must be able to respond to the challenges of the moment.”
To try to convince the EU and investors that Greece was serious about trimming a deficit of 12.7 percent of gross domestic product, Papandreou last week announced a package of tax increases and spending cuts that helped the government sell 5 billion euros of bonds the next day. The Mediterranean country faces more than 20 billion euros in debt redemptions in April and May.
“We support the steps Greece is taking,” U.S. Secretary of State Hillary Clinton said after meeting with Papandreou yesterday. “We commend the prime minister and his government for moving quickly to put in place the changes that are called for given the economic consequences of the fiscal situation he inherited.”
Strikes, Protests
Papandreou said Greece may have a “hard time” carrying out its austerity plan if improvements are “swallowed up by prohibitive interest rates.” The measures have triggered widespread strikes that have disrupted transportation and public services and led to clashes on the streets of Athens.
The premier’s approval rating slipped more than 10 percentage points in the past two months as he introduced three rounds of budget cuts. Fifty-two percent of Greeks now have a positive opinion of Papandreou compared with 62.8 percent in January, according to the survey by GPO pollsters for Mega Television received today by e-mail. A total of 45.3 percent had a negative view.
To contact the reporter on this story: Shobhana Chandra in Washington at schandra1@bloomberg.net
Last Updated: March 9, 2010 03:56 EST
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No caso destes numeros serem verdadeiros, quer dizer que as instituições europeias são constituidas por incompetentes e que nós, ao pé dos gregos somos uns meninos do coro.... 
Esta fraude permitiu que os gregos tivessem vários anos de bonança. Desde que a Grécia aderiu ao euro em 2001, que os gastos em assistência social aumentaram a uma taxa anual de 3,6 pontos percentuais acima do crescimento do PIB. De acordo com as estatísticas da OCDE, as pensões na Grécia, disponíveis após apenas 15 anos de trabalho, alcançaram uns incríveis 111% do rendimento médio. Na Alemanha, pelo contrário, o nível médio de pensões é aproximadamente 61% do rendimento médio por pessoa que trabalhou, no mínimo, 35 anos. A tentativa da Grécia de criar uma terra prometida através de empréstimos excessivos é arrepiante.
"Só duas coisas são infinitas, o universo e a estupidez humana. Mas no que respeita ao universo ainda não tenho a certeza" Einstein
“Com os actuais meios de acesso à informação, a ignorância não é uma fatalidade, mas uma escolha pessoal" Eu
“Com os actuais meios de acesso à informação, a ignorância não é uma fatalidade, mas uma escolha pessoal" Eu
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Umas fotos dos que se passa por lá (nem tudo vem nas televisões porque não convém)...
---Tudo o que for por mim escrito expressa apenas a minha opinião pessoal e não é uma recomendação de investimento de qualquer tipo---
https://twitter.com/JCSTrendTrading
"We can confidently predict yesterdays price. Everything else is unknown."
"Every trade is a test"
"Price is the aggregation of everyone's expectations"
"I don't define a good trade as a trade that makes money. I define a good trade as a trade where I did the right thing". (Trend Follower Kevin Bruce, $5000 to $100.000.000 in 25 years).
https://twitter.com/JCSTrendTrading
"We can confidently predict yesterdays price. Everything else is unknown."
"Every trade is a test"
"Price is the aggregation of everyone's expectations"
"I don't define a good trade as a trade that makes money. I define a good trade as a trade where I did the right thing". (Trend Follower Kevin Bruce, $5000 to $100.000.000 in 25 years).
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Re: Grécia Abala Mercados -NewsLetter BonsInvestimentos Mar
bonsinvestimentos Escreveu:Pode ler a edição de Março de 2010 da Newsletter BonsInvestimentos, em:
Grécia Abala Mercados -NewsLetter BonsInvestimentos Mar 2010
http://www.bonsinvestimentos.com/index. ... &Itemid=99
Novidade:
Crónicas às segundas e quintas de João César das Neves
Acompanhe o BonsInvestimentos também através de RSS, Facebook ou Twitter
Semanalmente:
Análise Semanal Acções Europa
Crónica Semanal de Fernando Braga de Matos
E diariamente os mercados financeiros no Blog BonsInvestimentos
www.bonsinvestimentos.com
A publicidade no fórum devia ser paga, para financiar o almoço do caldeirão
caso contrário devia ser removida 
Cumps.
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Grécia Abala Mercados -NewsLetter BonsInvestimentos Mar 2010
Pode ler a edição de Março de 2010 da Newsletter BonsInvestimentos, em:
Grécia Abala Mercados -NewsLetter BonsInvestimentos Mar 2010
http://www.bonsinvestimentos.com/index. ... &Itemid=99
Novidade:
Crónicas às segundas e quintas de João César das Neves
Acompanhe o BonsInvestimentos também através de RSS, Facebook ou Twitter
Semanalmente:
Análise Semanal Acções Europa
Crónica Semanal de Fernando Braga de Matos
E diariamente os mercados financeiros no Blog BonsInvestimentos
www.bonsinvestimentos.com
Grécia Abala Mercados -NewsLetter BonsInvestimentos Mar 2010
http://www.bonsinvestimentos.com/index. ... &Itemid=99
Novidade:
Crónicas às segundas e quintas de João César das Neves
Acompanhe o BonsInvestimentos também através de RSS, Facebook ou Twitter
Semanalmente:
Análise Semanal Acções Europa
Crónica Semanal de Fernando Braga de Matos
E diariamente os mercados financeiros no Blog BonsInvestimentos
www.bonsinvestimentos.com
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