Ha, must be a lot of end-of-year selling of EGFEY yesterday to claim loses as it is now trading lower than in Athens.
Front, do you think it’s only a coincidence Juan Zalduondo’s arrest was made on the same day that Doral is raided? Or was it intentionally scheduled the same day to create speculation Doral is also involved in money laundering? However, if they have strong evidence against Doral for money laundering why would they need to arrest Mr. Zalduondo on the same day? Also PR U.S. Attorney Rosa-Velez says a white collar crime is being investigated and will not rule out the murder investigation. I guess she doesn’t want to exclude the possibility evidence will be discovered linking the white collar crime to the murder. The director of the Office of Homeland Security and Customs Enforcement (ICE-HSI), Angel Melendez, cataloged the DTO [drug trafficking organization] as a company within the Fortune 100 and described it as a “large” corporation.
The organization [is] involved in the movement of controlled substances and money laundering. Juan Ramón Zalduondo Viera revealed [to] directors of the agencies involved in the investigation [the names of those?], participating public accountants, developers and lawyers. He appeared this afternoon at an initial hearing before US Magistrate Mark E. López. At the hearing, counsel made no allegation of guilt. The federal judge gave him until Jan. 20 to provide bail, so he would not be admitted to prison. He was given a $250,000 bond. The accused was represented by counsel Sonia Torres and Juan Carlos Pabon Fontanez Nieves.
Zalduondo Viera allegedly acted as facilitator of money laundering and helped to deposit nearly $3 million in cash in accounts of Banco Santander and the Cooperative Savings and Credit The Puerto Rican. They thought that [in] their positions, financial institutions would not notice money laundering.
The defendants are named in the article, Goo DOT gl SLASH SZqOvr.
Although Morales Dávila was sentenced to 12 years in prison, he was
“We must end political uncertainty,” Samaras said. “Greece must move forward to the next day, and we can’t end one period of uncertainty to immediately pass into another. It’s not just a national obligation, but common sense to first end negotiations with our lenders and then complete constitutional reform in a calm and sure manner and afterward, better armored politically and economically, we can find the appropriate time for national elections even if at end 2015.”
After we’ve made so many sacrifices, it doesn’t matter what party we support; a president needs to be elected so the government can finish the job, get us out of the memorandum and then we can see what direction we want to take as a nation,” stated Makis Patronis, 66, a retired security guard.
All opposition parties immediately rejected Samaras’s offer to hold national elections at the end of 2015 and to elect his presidential candidate. The main opposition Syriza party says Samaras is pursuing the immediate election of the president to push through new austerity measures agreed with Greece’s creditors.
(Ha, I guess it’s not unusual for the MPs to vote without considering what the people want. Aren’t the U.S. Congressmen guilty of this also?)
Lawmaker Yiannis Kourakos, who doesn’t caucus with any party, said he will now support Samaras’s nominee for president following the prime minister’s announcement. “I fully agree with this approach and will now vote in favor of Stavros Dimas’s election,” he told Bloomberg. , Dec 23, 2014 Goo DOT gl SLASH 0MfWgE
Members will be required to vote yes or no in the final ballot on on Dec 29. IMO this election may result in more yes votes as more MPs are forced to reach a decision. And the Greek people will be watching. The government needs 12 more votes to elect the president.
In statements after the end of the second vote, Prime Minister Samaras said: "Despite our differences and despite any terrorism and mud duplex [slinging by] Al. Tsipras, P. Kammenou, and others, today deputies voted Stavros Dimas for President. I hope the third ballot to avoid the risk of national, ethnic adventure. But the third ballot will not be present, there will be name. Each MP will be put before-the agony of Greeks and the interest of our country. There will be no "present". Here everyone will assume the responsibilities that will affect the smoothness and the future of the country." Goo DOT gl SLASH shdy8Z
In Athens, Eurobank is unchanged so far while the other banks have all declined.
The first two parties are literally a stone's throw of only 2.5 units, with SYRIZA touching 27.5% and ND 25% Goo DOT gl SLASH qtn7a5 .
“We’ll have to wait and see what happens, but so far we are hearing a positive reaction from some of the independents,” said a senior New Democracy lawmaker. “I think we might see something like 170 votes in favor of Mr. Dimas in Tuesday’s vote. And that might create some momentum.”
Also, the government believes that the morbidly depressed political climate of recent days triggered by the bribery case will cause the parliamentarians to be under pressure of public opinion that does not want early elections. Goo DOT gl SLASH mz4j7H
Piraeus Bank entrepreneurs sent a letter asking delegates to elect the President and respect the fact that that 6 out of 10 Greeks do not want early elections. Goo DOT gl SLASH qtn7a5
But nobody ignores that political life is subject to change and many scenarios are possible until the final act of the process, knowing that after five days of holidays during which a lot can happen until December 29 when the Exchange will be reopened, the day of the last and decisive vote.
Speaking in an unscheduled televised address, the Greek premier called for consensus over the government’s presidential candidate and offered to hold general elections by the end of 2015—before the term of the current government expires—but only after Greece concluded ongoing negotiations with its international creditors and had passed political and constitutional reforms.
“Once we are shielded economically and politically, we can find the appropriate schedule for national elections, even by the end of 2015,” Mr. Samaras said. “We cannot enter into a period of uncertainty as soon as we finish another one. The problems of the country cannot stagnate in a permanent election campaign.”
Mr. Samaras also offered to reshuffle his cabinet to include ministers that would be appointed by other political parties, a move aimed at winning over undecided lawmakers from smaller parties in parliament.
Elected to a four-year term in mid-2012, the country’s current coalition government is not due to face elections again until June 2016.
Some of the independents have signaled their willingness to vote for the government’s candidate, former European Commissioner Dimas, provided a date for fresh elections is set in advance.
In a statement after Mr. Samaras’s address, Syriza—which has run on an anti-austerity platform and is leading in public opinion polls—signaled it was unmoved by the prime minister’s offer. Instead, it repeated its previous position that Greece needed “a new, strong government.” Goo DOT gl SLASH XUWTuW
The latest political turmoil in Athens took a dramatic twist last week after a lawmaker from the Independent Greeks party, Pavlos Haikalis, said he had been offered a bribe of 2 to 3 million euros to vote for the government’s candidate for president.
The party, formed in 2012 by a lawmaker who was expelled from New Democracy, said it would vote against the government, making common cause with Syriza in an effort to force snap elections. But the party is facing internal divisions and judicial officials have since raised questions about Mr. Haikalis’s claim.
Goo DOT gl SLASH XUWTuW
The simultaneous expiration of contracts sometimes increases the volatility and trading volume of options and futures and the underlying stocks, (futures expire for the ADR; options are traded in Athens)
Alpha Bank CEO Michael Masourakis in an interviewed on CNBC said the investment concerns about political stability in Greece are excessive: "Of course there is political uncertainty and [I] do not deny it, but this is not the country that deserves such expectations from the markets.” He said that Greek debt is manageable and structural reforms have helped the economy recover.
1.2 B euros of bad loans and equities at Piraeus Bank are being transferred to KKR in a securitization package. Also 300 M euros of funding will be available to certain companies in the package considered likely to be profitable. Piraeus will continue to service the accounts.
KKR is one of the world's leading investment banks with assets under management of $ 96.1 billion.
Commenting on the transaction, Piraeus CEO Thomopoulos said,: "The agreement with KKR gives the position of a new and dynamic approach to the management of loans and holdings of the Bank. (ha, securitization is a new concept for them?) The intention to invest additional funds with reference to the portfolio is a vote of confidence in the long-term prospects of the Greek economy.” Goo DOT gl SLASH 3dFm69
IMO Eurobank will probably make similar announcements soon.
Here’s the numerical breakdown how the government hopes to reach the needed 180 votes to elect the president:
155 + 3 (ANEL) 5 (DIMAR) 16 (Independent) = 179
Another of the independent or the Golden Dawn and we have a president. A less and we have elections.
in relation to the macroeconomic indicators. He has confidence in the democratic process for
the presidential election.
“As governments seek to stay in Greece in the eurozone, there is nothing to fear from a democratic process. As stated by the Greeks, [they] want to stay in Europe,” A Thomopoulos, speaking to Bloomberg.
Referring to the fall of the stock market last week, Mr. Thomopoulos estimated that markets overreacted, which was to be expected, but the fundamentals of the Greek economy remain intact. In any case, he said that government should close the deal with Europe for the credit support line.
Asked about the percentage of bad loans, he replied that the problem is limited as they are no longer growing. Goo DOT gl SLASH zj5e0b
Mr. Melas: "I was troubled about the election of the President of the Republic."
In positive direction Stavros Dimas in the other two votes is the independent MP, Panayiotis Melas, as told to television station ANT1, after his decision to vote "present" in yesterday's vote on the election of the President of the Republic.
"Yesterday, I voted" present "and other elections we will have, I will be in a positive direction," he said.
Meanwhile, Mr. Melas estimated that there will be other Members who will change their vote.
He added: "I did not say [before] that I will vote yes. I was troubled about the election of the President of the Republic. It, however, Stavros Dimas as a candidate, they appreciate him, [he] is an old politician, a man who has worked with seriousness and responsibility and we have joint service and the House and said that 80% would vote for President of the Republic. " he said. Goo DOT gl SLASH 0gYQqa
The Greek policy stipulates votes are cast either “positive” or “present,” making interpretation of Dimas’s standing subject to change, especially since the MPs will be pressured to cast their vote in the next elections.
One MP, Mrs Bakoyannis, said “Now is the time for political initiatives that will create the climate to persuade MPs to vote.”
In spite of the polls, it’s been reported that most of the citizens are in favor of the presidential election, and the MPs are the people’s representatives.
In Election Round No. 1, the government received 160 positive votes for Dimas, one shy of their predicted 161, although they thought 167 possible.
Yes, the depth of the oil slide wasn’t predictable. I guess Russia is heading for a recession, if not already there. At least you’re young and can afford to wait for a recovery. Too bad Russia’s economy is not more diversified. Ha, and too bad I'm not just now taking a position in EGFEY. (I promised myself to not stay in front of computer today as Ryche wants fudge)
Foreign funds record accounting losses of several billion Euros compared to the prices at which they participated in the recent capital increases. In Piraeus, the price is 43% lower than the price increase, in Eurobank 34.5%, in National 33.6% and Alpha Bank 25.5%.
Goo DOT gl SLASH N1teTn
The fragile stability of the banking system is a plaything in the political controversy, perhaps because the Greek government controls the majority of three of the banks through the Financial Stability Fund. The messages they send is hardly encouraging for their shareholders. (Ha, I have to do multiple posts b/c of Yahoo)