Νέα της στιγμής Δεκεμβριος 2011

ECB'S NOWOTNY: fears Merkel/ Sarkozy program won't be enough. He sees danger of Germany losing trust in ECB

ECB NOWOTNY: Treaty changes can't solve Euro-zone problems in immediate future.

ECB NOWOTNY: seeing bank liquidity problems again. ECB can't help banks on equity. Banks won't be able to get equity from markets.

All Euro-Zone AAA Countries Will Be On S&P Creditwatch Negative

From Dow Jones: Euro-zone source says that all AAA-rated countries will be placed on Creditwatch Negative by Standard and Poor's.

S&P SAID TO PLACE ALL 17 EURO NATIONS ON RATING DOWNGRADE WATCH.

IMF says program for Greece in "difficult phase".

IMF sees Greece's external enviroment deteriorating

IMF says Greece's structural reforms must accelerate.

IMF completes 5th review under stand-by arrangement for Greece.

IMF LAGARDE: Private sector involvement (PSI), prolonged support from Euro-zone partners at low interest rates crucial to reduce Greek debt.

Greece's top pension fund is seeking a €3B loan from the European Investment Bank (EIB) to plug an immediate €200M gap as well as to manage payments over the next 2 years. The fund, naturally, is a big holder of Greek government paper and certain to take losses under the haircut plan being discussed.

S&P places Luxembourg, Belgium, Italy, Estonia, Malta, Portugal, Finland on watch negative.

S&P also places France, Germany, Netherland, Austria on watch negative.

Standard & Poor's: "We going to cut EZ officials unless you do something. Ball is in your court."

S&P places all 15 EU member states on Credit Watch Negative.

(Creditwatch Negative means a 50% chance of a downgrade within 90-days)

(Credit Watch negative is not a downgrade, could take from 30 days to 300 days)

Standard & Poor's: "We going to cut EZ officials unless you do something. Ball is in your court."

France, Italy, and 7 others could be cut by 2 levels by S&P.

EUROZONE GDP [QoQ 3Q] 0.2% AS EXPECTED. YEARLY EQUAL TO EXPECTED AND PRIOR 1.4%

GERMAN OCT FACTORY ORDERS WELL ABOVE EXPECTATIONS AT 5.2% VS. EXPECTED 1.0% MoM, 5.4% VS. EXPECTED 1.9% YoY.

Standard & Poor's places EFSF long-term AAA ratings on CreditWatch Negative

From S&P: EFSF LONG-TERM RATING MAY BE CUT BY 1 OR 2 LEVELS ON REVIEW

S&p PLACES EFSF LONG-TERM "AAA" RATINGS ON NEGATIVE WATCH.

French PM says Euro-zone master plan to be in place by March 2012, ratified by end of 2012. Expedience not a priority.

Polish finance minister says Poland wants to join Euro-zone when it is fixed.

S&P'S KRAEMER: EFSF rating tied to AAA rated nations. If AAA nation downgraded, would impact EFSF.

S&P DIRECTOR: Franco-German plan for integration is promising; Euro-zone needs to delink sovereign and financial sector risks.

Euro-zone may raise or eliminate €500 billion lending cap, according to Euro-zone sources.

Eurozone negotiating to boost bailout funds capacity according to EU sources.

Βενιζέλος: Το μέλλον της Ελλάδας δεν μπορεί να περνά από την έξοδό της από το ευρώ - Με κοινές μετοχές η στήριξη των τραπεζών

ITALIAN INDUSTRIAL PRODUCTION [OCT MoM] -0.9% VS .EXPECTED -0.3%. YEARLY NUMBER -4.2% VS. -2.7% EXPECTED.

UK OCT MANUFACTURING [OCT MoM] FALLS TO -0.7% FROM PREVIOUS 0.0% AND EXPECTED -0.3%

Ο κινέζικος οίκος αξιολόγησης Dagong προχώρησε σε υποβάθμιση της πιστοληπτικής ικανότητας της Ιταλίας στη βαθμίδα ‘ΒΒΒ’ από ‘Α-’ προηγουμένως. Διατηρεί αρνητικό το outlook για την οικονομία της γειτονικής χώρας, όπως αναφέρει σε email που έστειλε νωρίτερα σήμερα.

Σύμφωνα με τον οίκο, το χρηματοοικονομικό περιβάλλον στην χώρα δεν είναι ενθαρρυντικό. Οι ιταλικές τράπεζες έχουν χαμηλότερο επίπεδο ρευστότητας και η προσδοκία ότι η χώρα θα μπορέσει να αποπληρώσει τα δάνεια της μειώνεται. «Δεν βλέπουμε βασικές δομικές αλλαγές για τα επόμενα ένα-δυο χρόνια και γι΄ αυτό προχωράμε στην υποβάθμιση», σημειώνεται.

Senior German leader: more pessimistic than last week on overall summit deal.

Germany is against yesterday's bazooka float of 2 rescue funds (and one with access to ECB lending), according to a senior government official. Playing down expectations, he says he's not optimistic about a grand solution emerging from this week's summit. "Several actors have not understood the seriousness of the situation."

ECB SAID TO PLAN LOOSENING OF COLLATERAL CRITERIA FOR LOANS

ECB SAID TO CONSIDER TWO-YEAR LOANS FOR BANKS

Belgian economy shrinks 0.1%; first contraction since the first quarter of 2009.

EU rescue fund to require 85% voting for decision making. EU permanent rescue fund to be in place for 2012.

The European Banking Authority (EBA) will publish the aggregate results of its latest set of stress tests on EU lenders at 12 ET tomorrow. Shortly after, banks will publish their individual results on their own websites.

From Bloomberg: Standard & Poor's places large bank groups across Euro-zone on CreditWatch Negative.

BNP Paribas, Commerzbank AG, Deutsche Bank may be cut by Standard & Poor's - Bloomberg

U.S. Consumer Credit (OCT) rises to $7.645 billion versus $7.0 billion expected, previous reading is revised to $6.88billion from $7.386B