Le European stock exchanges they travel positive at the mid-day halfway point with Milan, which leads the rises to +1,63%. The Dax rose by 1,14%, the Cac by 1,03% and the Ftse 100 by 0,22%. Despite the protracteduncertainty on the Greek front, with the Eurogroup postponed to Monday (only a preparatory videoconference meeting will be held today), the reassurances coming from Asia supported the purchases which did not hurt the Eurozone's GDP data too much, slowing down but higher than estimates. Now you look to data arriving from the USA in the afternoon. In Milan, driven by the banks, the eyes are then focused on the open games on important hubs of the banking-insurance sector.
Mps, suspended due to excessive increases, rises 9,6% on the interest of Hourglass and Equinox to take over the 15% stake that the Foundation has decided to put up for sale under pressure from debts. The Bpm +6,6% is also doing well, where the renewal process of the key figures at the helm of the bank is continuing. Unicredit goes up of 4%. CEO Federico Ghizzoni, who today opened a new branch of the bank in Guangzhou, in the southern Chinese province of Guangdong, commented: "The success of the recapitalization has shown that our group, our bank, is solid." Also in the light Ferragamo +4,85% and Prysmian +4%. The spotlights also remain focused on Fondiaria Sai (+4,55%) and Unipol (2,08) thanks to the entry into the field of the Palladio-Sator axis.
After the successful outcome of the Btp auction despite Moody's downgrading move and while today the discussion between the social partners on labor reform got underway, the Btp-Bund spread remained stable at 366 points and a yield of 5,57%. Today Istat released data on the growth of Italy which suffered a clear setback in 2011: +0,04% compared to +1,4% in 2010. In the last quarter the data indicate a -0,7 .XNUMX% from the previous quarter indicating a technical recession.
“One should really think about doing as Italy does,” he said German Finance Minister Wolfgang Schaeuble in an interview with SWR radio underlining the progress made under the Monti government. Meanwhile today the leader of the Greek socialist party Pasok George Papandreou sent a letter addressed to the European Union and the International Monetary Fund with commitments on new austerity measures as requested by the Troika while the Greek government intends to provide full details on how €325 million will be saved in 2012 by today's conference call at 18. The concern of Europe, and above all of the Germans, the Dutch and the Finns, is that the commitments undertaken are respected. “We want that Greece remains in the Eurozone but solidarity cannot be a one-way street, so it is normal that Euro partners expect Athens to respect its commitments,” a spokesman for the EU Commission said today, commenting on rumors that Germany, the Netherlands and Finland would be oriented to bankrupt Greece. In the meantime, however, the tug-of-war on the ECB's line continues: the president of the Bundesbank, Jens Weidmann, has excluded the participation of the national banks of the Eurozone, and therefore of the ECB, in a cut in the debt contracted by Greece.
