Economy of Greece
Greece seeks to assure it can cover funding needs, repay IMF loan
Greece's government sought to assure its creditors and investors on Monday that it can cover its funding needs this month, including repaying a 1.5 billion euro loan to the International Monetary Fund.
ASE opening: Drop
The Athens Stock Exchange saw a drop in equity prices at 11 a.m. on Thursday with the basic share price index down 2.37%, standing at 859.61 points and turnover at 9.985 million euros.
The FTSE/ASE Large Cap index for blue chip and heavily traded stocks decreased by 2.70% and the FTSE/ASE Mid Cap index was down by 2.69%.
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Schaeuble urges Greece to implement reforms during extension
German Finance Minister Wolfgang Schaeuble urged the new Greek government on Sunday to use a four-month extension it obtained for its financial rescue to implement its reform plan if it wanted to secure future help from abroad.
Greek stocks head south on cash flow fears
The Greek stock market fell for a third day in a row on Friday as concerns about the state?s cash flow rose due to statements by ministers.
The Athens Exchange (ATHEX) general index closed at 880.48 points, shedding 2.67 percent from Thursday?s 904.59 points. On a weekly basis the benchmark added 3.08 percent, but February posted a 21.96 percent rise.
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Athens Stock Exchane: Drop
Equity prices fell on Friday on the Athens Stock Exchange (ASE) with the basic share price index down 2.51% at 881.87 points at 11.00 and turnover at 11.50 million euros.
The FTSE/ASE Large Cap index for blue chip and heavily traded stocks was down 2.83%, and the FTSE/ASE Mid Cap index was down 1.36%.
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Losses for bank stocks while PPC adds 9 pct
The impressive gains in Tuesday?s bourse session were followed on Wednesday by a significant decline for banks and a mixed day for other stocks, on reduced turnover.
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Greek FinMin sees problems in repaying IMF and ECB
By Lefteris Papadimas & Stephen Brown
Greece admitted on Wednesday it will struggle to make debt repayments to the IMF and the European Central Bank this year as Germany?s finance minister voiced open doubts about Athens?s trustworthiness.
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Bourse declines for second day in succession
The honeymoon is over at the Greek bourse, as the satisfaction from the country?s deal with the eurozone appeared short-lived, with stocks falling for a second day on Thursday on news that the state is increasingly cash-starved and left-wing deputies are disputing the government?s policy.
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Greek stocks heading for 2015 high after extension approval
By Roxana Zega
Greek equities rallied as euro-area finance ministers approved the nation?s package of new economic measures, paving the way for an extension of its bailout plan.
The ASE Index rose 8.5 percent to 927.13 at 4:30 p.m. in Athens, with a gauge of banks rallying as much as 16 percent. The ASE is set to close at its highest level since Dec. 8.
Bild: Greek govt's 'list' could garner 7.3 bln euros in revenues
German tabloid Bild reported that the list that the Greek government is planning to submit to its EU partners includes measures that could bring more than 7 bln euros to the Greek economy.