Georgios Karatzaferis, leader of the right-wing party Laos, does not intend to vote in favor of the austerity measures. Not only. The ministers of Laos, reports Reuters, have presented their resignations to Prime Minister Lucas Papademos. Who will have the final decision whether to accept them or not. In Greece there is a tussle and so the agreement reached with difficulty yesterday in Athens is already faltering. The stock exchanges feel the blow and accelerate the declines while the Btp-bund spread rises to 370. Athens collapses by 3,3%, the Ftse Eb lost 1,76%, the Dax 1,41%, the Cac 1,51% and the Ftse 100 0,73%. Wall Street travels in the red also weighed down by macro data worse than expected: the Dow Jones falls by 0,89% and the Nasdaq by 0,56%. However, Linkedin shines (+16,18%) thanks to the boom in profits and turnover which in the last quarter of 2011 beat expectations: 6,9 million dollars in profits and 167 million in turnover.
I can't rate this austerity program that "humiliates the country, it's not going in the right direction", said Karatzaferis who, however, with his party controls only 16 votes out of the 252 that support the Papademos coalition out of the 300 in Parliament. A position which may not prejudge the outcome of the vote but which casts new doubts on the determination of the Greek political class to go ahead with an austerity program which is putting the population on edge. The two-day strike against the measures began in Athens today and there have already been clashes between the police and demonstrators. All while already many countries such as Germany and Austria have not hidden their skepticism about the agreement. Yesterday evening in Brussels the finance ministers of the euro area did not sign the granting of the new aid package to Greece, but they asked Athens for further efforts. A new Eurogroup is scheduled for Thursday while the Bundestag will vote on 27 February.
La German position seems to leave no room for softening: Greece will be able to obtain the second aid package only if he fulfills his commitments on savings measures, and at the moment there are still 325 million euros missing, transpires from the meetings that Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble held this morning in Berlin. In the meetings, Angela Merkel would have stated: a failure of Greece is a risk that one does not want to face, and that one could not control. However, the president of the EU Commission José Manuel Barroso says he is "confident that a solution can be reached next week as it is of crucial importance for Greece, its citizens and the euro area as a whole".
BANKS DOWN,
PURCHASES ON FONSAI
Banks are in sharp decline in Milan. Only Mps bounces (+0,72%). While the judgment on the capital strengthening plan by the EBA is awaited for early March (which, however, has declared itself satisfied with the aggregate plans in terms of capital), the maneuvers continue in the MPS Foundation which must decide whether to sell the 10 Approximately % of the institution to reduce its debt to banks. At the moment Palazzo Sansedoni denies share movements on the bank. In the red Unicredit – 4,74%. Confirmations come from the capital increase: the large shareholders who said they were ready to subscribe to 10,68% of Unicredit have respected their commitments. Allianz, Carimonte, Carimodena, Crt, Fondazione del Monte di Bologna and Ravenna and Luigi Maramotti have subscribed a total of 10,7% of the shares involved in the capital increase under option.
Where's Banca 4,77% and Intesa 3,55%. In Turin Enrico Salza acknowledges the consensus around the candidacy of Sergio Chiamparino at the head of the Saint Paul Company, the main shareholder of Intesa. “I respect Fassino's choice, I would have preferred Chiamparino to stay in politics, he would have swept the next regional wins. He made a different choice, it is legitimate ”, said the former chairman of the management board of Intesa who would have preferred a “his” candidate (see former mayor Valentino Castellani). But as a good politician, Salza understood that the game was closed from the start.
On the banking sector, they add to the profit taking the disappointing accounts of Barclays. The fourth largest British bank by capitalization recorded a 16% decrease in profit and announced that it may not meet its medium-term objectives after closing 2011 with its worst quarter in three years. The European debt crisis which affected bond trading weighed on the Group's accounts, dragging the sector into losses compared to the previous year. The rally of Fondiaria Sai continues (+10,12%) following the entry into the share capital of Palladio Finanziaria with 2,558% becoming the third shareholder behind Premafin and Unicredit. In the meantime, yesterday the Unipol board of directors resolved to ask the extraordinary shareholders' meeting to be held on 19 March for the proxy for a capital increase of €1,1bn and a reverse split of ordinary and preference shares, which would be aggregated in the ratio of one for every hundred .
FINMECCANICA, COMMITTEE LEAVES TO INDIA
ATLANTIA, NO AGREEMENT WITH GAVIO
Among the industrialists also in decline Fiat – 3,28% after yesterday's rise on Daimler's good results. The failed Indian order puts them under pressure Finmeccanica (-2,67%). The Indian Defense Ministry told the Times of India that it will not change its mind on the decision to award the order (126 fighters for 20 billion dollars) to the French Dassault, to the detriment of the Eurofighter consortium, also participated by the Italian giant. Sale Impregilo (+2,18%) after Atlantia (-2,15%) specified that no agreement has yet been reached with gavio. In the meantime, the construction group has obtained, together with the temporary grouping of companies it leads, the go-ahead for the construction, management and operation of the public transport service of Line 4 of the Milan underground. The Council of State has in fact rejected the application for the precautionary suspension of the Temporary Temporary Association led by the Pizzarotti company.
INDESIT, EARNINGS DOWN
A2A LIKES THE SUPEREDIPOWER
2011 results down for Indesit: the household appliances group closed the year with profits down to 58,8 million from 89,7 million in 2010. Revenues amounted to 2,8 billion, down 1,8% and a more marked slowdown in the fourth quarter . The market context was characterized by the increase in the cost of raw materials and by the drop in demand in the second half of the year. The stock falls by 6,14%. Purchases on A2A (+0,32%) and Iren (+2,60%) after an article in Corriere della Sera revealed that a plan is being studied for the creation of an electricity generation hub around Edipower.
US DATA WORSE THAN EXPECTED
The American data on the US trade balance which recorded the second consecutive increase in the deficit in December, reaching $48,8 billion (-$48,5 billion consensus), while the November figure was revised to -$47,06 billion from - 47,75 billion. Consumer confidence falls in February. The data collected by the University of Michigan decreases to 72,5 basis points from 75 points in January. This is a drop greater than the expectations of analysts who expected a slight decrease to 74,8.
