Economy of Greece
Athens bourse posts significant losses after holiday break
The Greek bourse reopened on Tuesday after the four-day Orthodox Easter break and posted significant losses at the end of the session as the uncertainty over the negotiations between Athens and its creditors and the storm of scenarios regarding a Greek default created concern among investors regarding the future of the economy.
IMF Chief C. Lagarde: Greek pension system not viable (video)
International Monetary Fund (IMF) Chief Christine Lagarde says that growth is too moderate and that future growth has been affected by the "scars of the financial crisis". She spoke of the risk of the "new mediocre to become reality."
Stocks rise on assurance of priorities
The Greek bourse began the four-day recess having secured daily gains of 1.06 percent and a weekly rise of 0.61 percent, as the government asked its eurozone peers for cash while making it clear that Russia is not a solution to Greece?s financial problems. Thursday?s trading volume was the second lowest of the year.
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Two sets of Aegean flights to Paris cancelled
Aegean Airlines on Wednesday announced the cancellation of two sets of flights between Athens and Paris on Thursday due to a strike by French air-traffic controllers.
The flights that are being canceled are A3 610 from Athens to Paris, A3 611 from Paris to Athens, A3 612 from Athens to Paris and A3 613 from Paris to Athens.
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Downbeat Athens bourse posts drop in prices
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Small gains on low turnover in Athens bourse
The Athens stock market reopened on Tuesday after a four-day break, making moderate gains on particularly low turnover as traders are expecting the results of Wednesday?s Euro Working Group meeting as well as the outcome of the prime minister?s visit to Moscow.
The Athens Exchange (ATHEX) general index ended at 777.47 points, adding 0.80 percent to Thursday?s 771.32 points.
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Fitch downgrades Greek banks
Fitch Ratings piled on the recent bad news for the Greek economy this week by downgrading Greece's systemic banks, including the market leader National Bank of Greece.
The move comes after a March 27 decision by the same ratings company to downgrade the country's sovereign rating.
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Athens bourse to reopen Tuesday after European holidays
The Greek stock market will open on Tuesday after a four-day recess due to the holidays for most bourses in the European Union.
The Athens Exchange (ATHEX) general index will resume from 771.32 points, which it closed at last Thursday, in this three-day trading week, as the market will be closed on Good Friday.
Greece says ready to make IMF payment on April 9
Greece will pay a loan tranche due on April 9 to the International Monetary Fund on time, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent days.
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European shares capped by Greek nerves ahead of Easter break
By Francesco Canepa & Blaise Robinson
European shares dipped on Thursday, trading in a tight range ahead of the Easter break, with Greece still at the forefront of investors' minds after its lenders said the country needed to do more to unlock financial aid.