A Grecia no le quería prestar nadie, por eso se creó el Facilidad Europea de Estabilización Financiera («FEEF») y emite su deuda a través de este mecanismo avalado por el resto de estados que lo componen.
A Tomás ya le puse los enlaces de documentos oficiales donde encontrar los datos y si no lo hace es porque es un terco redomado y no le da la real gana.
http://www.boe.es/boe/dias/2010/05/29/pdfs/BOE-A-2010-8550.pdf
http://www.boe.es/boe/dias/2011/07/11/pdfs/BOE-A-2011-11824.pdf
http://www.congreso.es/public_oficiales/L9/CORT/BOCG/A/CG_A465.PDF
http://www.mineco.gob.es/portal/site/mineco/menuitem.b6c80362d9873d0a91b0240e026041a0/?vgnextoid=e32f7cb59784c310VgnVCM1000001d04140aRCRD
"The financial firewall has been strengthened as the crisis
evolved. Initially Member States created a facility to help
Greece, as an individual case. Later, governments set up
a temporary crisis resolution mechanism, the EFSF,
which committed an additional €43.7 billion to Ireland
and Portugal, as well as a second assistance package to
Greece totalling €144.6 billion. To provide the missing link
in the setup of the EMU, this mechanism had to be made
permanent. Therefore, the ESM was created, which added
€500 billion in lending capacity. The ESM is financing
the Cyprus programme (with a total commitment of up to
€9 billion) and the Spanish bank recapitalisation programme
(with €41.3 billion disbursed), yet still holds in
reserve a robust firepower of nearly €450 billion."
http://www.esm.europa.eu/pdf/ESM_2013_ANNUAL_REPORT.pdf
Según la primera enmienda el FEEF puede comprar ya en el mercado primario. El edificio donde se halla hubidado el FEEF está dividido en dos departamentos, en uno se realizan las compras de deuda y en otro las ventas, están separados por un muro y lo digo literalmente. Ambos son las típicas salas de brookers donde se hacen multitud de transacciones diarias. El FEEF también emite y coloca sus propios bonos y luego presta a grecia, el día 10 de los presentes realizó su última colocación en bonos a 30 años (porque ya me dirás quien coño le va a prestar si no a Grecia a 30 años):
" EFSF issues 30-year €1.5bn bond
Date: 10 February 2015
Luxembourg –The European Financial Stability Facility (EFSF) placed today a €1.5 billion 30-year bond maturing on 17 February 2045. The issuance spread was fixed at mid swap plus four basis points. This implies a reoffer yield for investors of 1.229%. The coupon rate is 1.2%.
DZ Bank AG, Goldman Sachs and RBS acted as lead managers. The issuance attracted very strong demand, just shy of €2 billion in orders received from investors worldwide. This transaction completes the EFSF funding target for the first quarter of 2015 and also places €0.5 billion that was scheduled for the second quarter.
Christophe Frankel, CFO and Deputy CEO said:
“Today’s transaction was placed with historically low yields. The strong appetite from our investor base demonstrates their continuous confidence in the EFSF and its guarantors."
http://www.efsf.europa.eu/mediacentre/news/2015/efsf-issues-30-year-1.5bn-bond.htm
La penúltima emisión fué por 3.000 millones en bonos a 8 años:
"Luxembourg –The European Financial Stability Facility (EFSF) placed today a €3 billion 8-year bond maturing on 20 January 2023. The issuance spread was fixed at mid swap minus three basis points. This implies a reoffer yield for investors of 0.55%. The coupon rate is 0.5%.
Barclays, Crédit Agricole CIB and Deutsche Bank acted as lead managers. The issue attracted very strong demand, with above €5.6 billion in orders received from investors worldwide. It is the first 8-year bond ever issued by the EFSF. Following this transaction, the EFSF plans to issue an additional €1 billion of funding in the first quarter of 2015. Christophe Frankel, CFO and Deputy CEO said:
“This is the first ever 8-year bond issued by the EFSF, which is an unusual maturity. We selected an 8-year bond as it fits in with our redemption profile and meets investor demand for an attractive offer on our yield curve. The interest of investors was demonstrated by the very quick book-building. The pre-announcement that this issuance would not exceed €3 billion was also appreciated by investors”."
http://www.efsf.europa.eu/mediacentre/news/2013/efsf-issues-8-year-3-billion-bond-.htm
¿Para quien emiten esos bonos? ¿Para la tía Pepita, la del pueblo?. Pues no, son para financiar a grecia ""La extensión técnica del programa EFSF por dos meses da Grecia tiempo para concluir la revisión en curso con la Troika", lo cual se enmarca dentro del:
"Extension of the EFSF programme and EFSF bonds for Greece
Luxembourg – The Board of Directors of the European Financial Stability Facility (EFSF) decided today to grant Greece a two-month technical extension of its 2nd Economic Adjustment Programme financed by the EFSF. Instead of ending on 31 December 2014, the EFSF programme will now end on 28 February 2015. The decision follows a request from the Greek Finance Minister Gikas Hardouvelis.
As a result of this decision, the remaining €1.8 billion from the programme can still be disbursed to Greece until the end of February. The disbursement of this last loan tranche is conditional on the successful conclusion of the current programme’s last review. As part of the programme, the EFSF has so far disbursed €141.8 billion of financial assistance to Greece.
In parallel, following a request from Greece, EFSF CEO Klaus Regling has confirmed that the availability period of €10.9 billion of EFSF bonds has been extended until 28 February 2015. As part of Greece’s 2nd Economic Adjustment Programme, these EFSF bonds were transferred to the Hellenic Financial Stability Fund (HFSF) which can use them to recapitalise and resolve banks.
“The technical extension of the EFSF programme for two months gives Greece time to conclude the current review with the Troika”, said EFSF CEO Klaus Regling, who is also Managing Director of the European Stability Mechanism (ESM). “The extension of the EFSF facility and bonds for two months ensures that these funds remain available for Greece. This will reassure the markets. Greece and the Troika should use this period to move towards a follow-up arrangement.”
At its meeting on 8 December, the Eurogroup reiterated that it would be favourably disposed to a Greek request for an Enhanced Conditions Credit Line (ECCL) by the ESM as a follow-up to Greece’s current programme. The ESM would only grant an ECCL once Greece’s 2nd Economic Adjustment Programme has been successfully concluded. The ECCL is a precautionary credit line by the ESM.
“The Greek people have made enormous progress in putting their economy back on sounder footing, but there is still a need for more reform”, Klaus Regling added. “With the extension of the EFSF programme and the prospect of ESM support afterwards, conditions are there in principle to accompany Greece towards a full economic recovery and renewed full market access.”"
http://www.efsf.europa.eu/mediacentre/news/2013/extension-of-the-efsf-programme-and-efsf-bonds-for-greece.htm
Si es que no hay mayor ciego que el que no quiere ver