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Athens News Agency: News in English, 10-04-16
CONTENTS
[01] Papandreou: ND led us to IMF
[02] Greek bond market closing report
[03] Greece to auction 1.5-bln-euro T-bills issue on Tues.
[04] Stocks end 1.64% down
[01] Papandreou: ND led us to IMF
(ANA-MPA) -- Prime Minister George Papandreou said on Friday that the
EU support mechanism for the Greek economy "exists today, where before
there was nothing", adding that, if activated, this would be with the
interests of the country as the criterion and the "need for calm in the
economy", and stressed that "we are taking the necessary preparatory
actions". (ANA-MPA)
"Let's not fool ourselves. the IMF has already entered the process, it
is the excessive deficit process, to which we have been led twice by
(previous government) New Democracy. It already supervises us. But what
does IMF involvement not mean? It does not mean that the country has
defaulted. (ANA-MPA) We can still borrow, but the assessment and
approval goes through the IMF," Papandreou said in Parliament, in reply
to a tabled question by the Radical Left Coalition (SYRIZA)
parliamentary alliance. (ANA-MPA)
[02] Greek bond market closing report
(ANA-MPA) -- The yield spread between the 10-year Greek and German
benchmark bonds widened sharply to 425 basis points in the Greek
electronic secondary bond market on Friday, from 400 bps the previous
year, with the Greek bond yielding 7.34 pct and the German Bund 3.10
pct. Turnover in the market remained a low 485 million euros.
In interbank markets, interest rates were largely unchanged. The
12-month Euribor rate was 1.24 pct, the six-month rate 0.99 pct, the
three-month 0.71 pct and the one-month rate 0.48 pct.
[03] Greece to auction 1.5-bln-euro T-bills issue on Tues.
(ANA-MPA) -- Greeceās finance ministry will auction a three-month
treasury bills issue on Tuesday, 20 April, with the aim to raise 1.5
billion euros. The Finance ministry said the (ANA-MPA) new issue will
be available to private investors tax-free on the precondition that
investors will hold the bonds until their maturity. (ANA-MPA)
[04] Stocks end 1.64% down
Stocks ended significantly lower in the last trading session of the
week in the Athens Stock Exchange, pushing the composite index of the
market below the 2,000 level. The index fell 1.64 pct to end at
1,995.24 points, with turnover at 145.440 million euros.
The FTSE 20 index dropped 2.23 pct, the FTSE 40 index ended 0.99 pct
lower and the FTSE 80 index fell 1.10 pct. The Food (1.0 pct) and
Insurance (0.75 pct) sectors scored gains, while Banks (3.39 pct) and
Chemicals (3.25 pct) suffered the heaviest percentage losses of the
day.
Vivere (9.3 pct), Hellenic Fish Farming (9.09 pct) and Livanis (8.70
pct) were top gainer,s while Cardico (11.54 pct), Attica Publications
(9.79 pct) and Sanyo Hellas (9.52 pct) were top losers. Broadly,
decliners led advancers by 115 to 46 with another 56 issues unchanged.
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