GREECE - Factors to Watch on November 4

Wed Nov 4, 2009 3:10am EST
 
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ATHENS, Nov 4 (Reuters) - Here are news stories, press reports and events which may affect Greek financial markets on Wednesday:

GREECE TO TAX BUSINESS TO SUPPORT LOW INCOMES

Greece's new socialist government will slap a one-off tax on businesses to fund one billion euros worth of cash support to low-income earners, the finance minister said on Tuesday. [ID:nL3367627]

EU SEES 2010, 2011 RECOVERY;READIES FISCAL EXIT

Europe's economy will rebound next year from a deep slump and accelerate in 2011, the European Commission said on Tuesday, paving the way for major deficit cuts across the 27-nation bloc from 2011 at the latest. [ID:nL397094]

GREECE RAISES 7 BLN EUR IN 15-YR BOND, DEMAND STRONG

Greece raised 7.0 billion euros from a benchmark 15-year bond issue on Tuesday, covering most of an extra 8 billion euros the country's debt management agency (PDMA) said Greece would need this year. [ID:nL3632670]

AGRICOLE'S EMPORIKI 9M LOSS WIDENS, PROVISIONS JUMP

Credit Agricole's (CAGR.PA) Greek subsidiary Emporiki Bank (CBGr.AT) said on Tuesday losses widened sharply in the nine months to September as loan-loss provisions surged. [ID:nL3575528]

HELEX, BNK OF CYPRUS, ASPIS BANK TO REPORT 9M RESULTS

Hellenic Exchanges (EXCr.AT), Bank of Cyprus (BOCr.AT) and Aspis Bank (AMBr.AT) will report their nine-month results after the end of trading.   Continued...

 

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