July 21, 2010 / 7:24 AM / 10 years ago

GREECE - Factors to Watch on July 21

ATHENS, July 21 (Reuters) - Here are news stories, press reports and events which may affect Greek financial markets on Wednesday:

GREECE SELLS T-BILLS, 13-WEEK YIELD 4.05 PCT

Greece on Tuesday passed its second borrowing test since an EU/IMF funding deal in May, selling 1.95 billion euros ($2.53 billion) of 13-week T-bills. [ID:nLDE66I1XV]

GREECE POSTS MAY C/A SURPLUS OF 249.5 MLN EUR

Greece posted a current account surplus of 249.5 million euros ($324.4 million) in May, compared to a deficit of 1.93 billion euros in the same month last year, boosted by European Union agricultural payments. [ID:nLDE66I1YN]

GREEK BUDGET DEFICIT DOWN 45 PCT IN H1-FINAL DATA

Greece’s central government budget deficit narrowed at an annual pace of 45 percent in the first six months of the year, according to final figures released by the finance ministry. The data confirmed preliminary figures published earlier in July. [ID:nWGATNBBC]

GREEK STRIKE TO DISRUPT FLIGHTS ON JULY 25

Flights in and out of Greece will be disrupted on July 25 when air traffic controllers go on strike over a state reform plan, a union leader said on Tuesday. [ID:nLDE66J25B]

GREEK IMF REP ROUMELIOTIS TO STEP DOWN IN AUGUST

Greece’s representative to the International Monetary Fund, Panagiotis Roumeliotis, said on Tuesday he will step down, two months after he helped put together a giant bailout for the debt-laden country. [ID:nLDE66J1OX]

OTE TO MERGE RETAIL NETWORK TO CUT COSTS

OTE (OTEr.AT), 30 percent owned by Deutsche Telekom (DTEGn.DE), plans to merge its retail network and reduce its workforce at parent company level by transferring them to another unit, financial daily Kathimerini reported without citing any sources.

www.kathimerini.gr

ECB FUNDING TO GREEK BANKS AT 93.8 BLN EUR END-JUNE

ECB funding to Greek banks rose 4.9 percent at the end of June from the previous month, Greek central bank data showed on Tuesday. [ID:nATH005592]

WIND HELLAS SAYS CREDITORS AGREE TO STANDSTILL

Greek mobile operator Wind Hellas Group said on Wednesday that the required percentage of its creditors had agreed to a debt standstill announced on July 1. [ID:nLDE66K09K]

EUROPEAN SHARES ADVANCE ON STRONG COMPANY RESULTS

European shares climbed in early trade on Wednesday, boosted by technology stocks, as strong results from Apple (AAPL.O) improved sentiment and raised hopes the second quarter earnings season will be better than expected. [ID:nLDE66K09V]

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For other related news, double click on: ————————————————————————————— EUR Money Guide <EUR/1> Greek Debt News [DBT-GR] Greek Equities Guide <GR/EQUITY> Greece’s Debt <GR/DEBT> Greek Economic Indicators [ECI-GR] Government Debt <GR/GOVT> Greek Stock News [STX-GR] Greek Money News [M-GR] Greek Exchange Info <GR/EXCH1> ————————————————————————————-

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