Author Topic: Good news fr Eurozone. Afternoon Asia Region Sure Fly except KLSE!!!  (Read 2605 times)

Offline 八兩金

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Eurozone finance ministers sealed a deal Tuesday morning for a second bailout for Greece, including 130 billion euros ($173 billion) in new financing.

The finance ministers from the 17 nations that use the euro, known as the Eurogroup, gave Greece funding it needs to avoid a potential default next month.

While this new deal provides some short-term relief for Greece, difficult days lie ahead as the government tries to trim debt to 121% of the country's gross domestic product by 2020. Greece's debt now stands at about 160% of GDP.

 ;) ;) ;) :) :)
放棄很容易,
堅持很難,
堅持到底更難,
堅持到底了要放棄更更更難!!!

Winners never whine,
Whiners never win.

Offline crashbandicoot

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Re: Good news fr Eurozone. Afternoon Asia Region Sure Fly except KLSE!!!
« Reply #1 on: February 21, 2012, 12:44:26 PM »
All i know from monitoring some key stocks...is that most of them are sold down with low volume. And being pressed down.
HUAT AHHHHHHH!
Google "Speculation Today" for my views

Online Teosh

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Re: Good news fr Eurozone. Afternoon Asia Region Sure Fly except KLSE!!!
« Reply #2 on: February 21, 2012, 12:44:49 PM »
 :clap: :clap: :clap:

Re: Good news fr Eurozone. Afternoon Asia Region Sure Fly except KLSE!!!
« Reply #3 on: February 21, 2012, 12:45:04 PM »
 :thumbsup:
早起的鸟儿有虫吃;
早起的虫儿被鸟吃。

“买股票就是买公司的股份”
“买股份就是参股做生意”

MACD分析法
1) 零轴上方(多头市场)
    只买第一个金叉;不买第二个金叉;不卖死叉
2) 零轴下方(空头市场)
    只卖第一个死叉;不卖第二个死叉;不买金叉
3)零轴附近(平衡市场)
    追随多空突破方向

Offline USuck

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Re: Good news fr Eurozone. Afternoon Asia Region Sure Fly except KLSE!!!
« Reply #4 on: February 21, 2012, 01:05:43 PM »
The news released at 12pm. Still no action from 12pm - 12:30pm...


 :speechless:

Offline Ļaughing Ģor

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Re: Good news fr Eurozone. Afternoon Asia Region Sure Fly except KLSE!!!
« Reply #5 on: February 21, 2012, 01:15:41 PM »
Sceptics question whether a new Greek government will stick to the deeply unpopular programme after elections due in April, and believe Athens could again fall behind in implementation, prompting exasperated lenders to pull the plug once the euro zone has stronger financial firewalls in place.
Can someone to give me a Loan and then leave me Alone?

Offline aziz8421

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Re: Good news fr Eurozone. Afternoon Asia Region Sure Fly except KLSE!!!
« Reply #6 on: February 21, 2012, 01:15:55 PM »
Greece Wins Bailout as Europe Chooses Aid Over Default
By James G. Neuger and Jonathan Stearns - Feb 21, 2012 1:04 PM GMT+0800 LinkedIn Google +1 Print QUEUEQEnlarge image  
Euro Ministers Said to Reach Agreement on Greek Bailout  Simon Dawson/Bloomberg
A European Union (EU) flag, left, and Greek national flag fly near the Parthenon temple on Acropolis hill in Athens, Greece.

A European Union (EU) flag, left, and Greek national flag fly near the Parthenon temple on Acropolis hill in Athens, Greece. Photographer: Simon Dawson/Bloomberg
Debt-stricken Greece won a second bailout after European governments wrung concessions from private investors and tapped into European Central Bank profits to shield the euro area from a precedent-setting default.

Finance ministers awarded 130 billion euros ($173 billion) in aid, engineered the central bank profits transfer and coaxed investor representatives into providing more debt relief in an exchange offer meant to tide Greece past a bond redemption next month.

Bondholders’ response to the swap, Greece’s tolerance of more austerity and a gantlet of parliamentary approvals in northern European countries gripped by an anti-bailout mindset loom as risks to the latest salvage operation.

“Everybody understood that this was the moment of truth,” Belgian Finance Minister Steven Vanackere told reporters early today after 13 1/2 hours of talks in Brussels.

The assistance brings to at least 386 billion euros the sums spent or committed to save Greece, Ireland and Portugal from bankruptcy, and to insulate Europe from a ruinous financial cascade that might endanger the 13-year-old monetary union.

Euro leaders point to declining bond yields in Italy and Spain as evidence that investors are less fearful that the turmoil originating in Greece, representing 2.4 percent of the continental economy, will spill across borders.

Spending Cuts
The accord lifted the 17-nation euro. It rose as high as $1.3293 at 5:30 a.m. Brussels time from an intraday peak of $1.3277 yesterday.

Greece upheld part of its side of the bargain by spelling out 325 million euros in additional spending cuts, the latest of the unpopular measures that have provoked street protests in Athens.

Still, the odds that Greece will remain encumbered by debt were illustrated by an analysis by European and International Monetary Fund experts that highlighted what could go wrong with a country unable to grow out of its fiscal woes by devaluing its currency.

“Given the risks, the Greek program may thus remain accident-prone, with questions about sustainability hanging over it,” the analysis said. In a worst-case scenario Greece’s debt might balloon to 160 percent of gross domestic product in 2020, it concluded.

Finance chiefs’ starting point yesterday was the baseline European-IMF estimate, which put Greek debt at 129 percent of GDP in 2020. By lowering Greece’s bailout loan rates and extracting more from private investors and the central banks, they whittled that figure to 120.5 percent, a level deemed “sustainable” by the IMF.

Bondholders
Greek Prime Minister Lucas Papademos traveled to Brussels to lead the bargaining with the bondholders, represented by Charles Dallara and Jean Lemierre of the Institute of International Finance.

That give-and-take harked back to an earlier nocturnal episode in the crisis, when Dallara in October bowed to pressure from leaders including German Chancellor Angela Merkel to consent to a 50 percent cut in the face value of Greek bondholdings.

Bank representatives leave Brussels today with that writeoff up to 53.5 percent.

Since Greece’s fiscal woes erupted in late 2009, creditor countries and the government in Athens have sought leverage over each other. Rich countries led by Germany tied aid to ever- stricter conditions, while Greece counted on Europe’s fear that a default would destabilize the euro.

Crisis-Driven Purchases
Profits from the ECB’s crisis-driven purchases of Greek bonds at discounted prices will be channeled back to national governments and on into the Greek package. National central banks’ future profits from holding Greek bonds in their investment portfolios also will be funneled into the program.

ECB President Mario Draghi hailed the “very good agreement,” while declining to comment on the use of the central bank’s profits.

“We welcome the commitment of the Greek government to undertake the actions to restore growth and stability,” Draghi said. “We also welcome the commitment of euro member countries to keep on helping Greece to come back on the path of growth and job creation.”

Frustrated with Greece’s inability to meet two years of targets for cutting the deficit and selling off state assets, donor countries also insisted on more control over how Greece spends the money. A special account will be set up that gives priority to keeping Greece solvent before releasing money for the country’s budget.
Long Term Portfolio :

PETDAG: RM 11.54   IHH: RM 2.80
PCHEM: RM 5.05      KPJ: RM 3.84

To Sell Tomorrow :

FGVH: RM4.45

Goodluck to all Friend In Investlah. May this year become a best year for you. Im leaving this country heading to Dubai and after that to Iraq. Sayonara.All the best.