Eurozone crisis
Greek bonds fall, yield curve inverts on political fears
Greek bonds extended losses on Wednesday, with yields on short-dated debt spiking sharply above longer-dated ones, as investors worried about the upcoming presidential elections that could catapult the leftist anti-bailout SYRIZA party to power.
Turkish economy grows 1.7 percent in third quarter, below forecasts
Turkey's gross domestic product (GDP) has grown 1.7 percent year-on-year in the third quarter, according to official data released on Dec. 10, sharply below forecasts that had predicted an increase of around 3 percent.
Cyprus economy shrinks 0.3 pct in Q3
The Cypriot economy contracted 0.3 percent in the third quarter, a slight improvement on a 0.4 percent dip in the previous three months, the state statistical service said on Tuesday.
This was the 13th successive negative quarter for the Mediterranean island countrys battered economy, according to a revised estimate, which had put the July-September contraction at 0.4 percent.
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Eurozone ministers approve bailout extension for Greece
Eurozone ministers on Monday approved a request from Greece for a two-month extension to its bailout program that was set to end December 31, amid an ongoing budget row between Athens and its EU-IMF creditors.
Greek gov't gambles on early presidential vote
Greece's conservative-led government has called for a vote in parliament for the country's new president late this month in a surprise move that will determine its survival in the recession-weary country.
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Germany to end credit guarantees for exports to Greece
The German government will stop issuing credit guarantees for exports to Greece at the end of the year because private insurers have signaled they are ready to cover the risks of non-payment themselves.
Greek program, prospects to be discussed in Brussels amid political upheaval
After a tense weekend, the government now faces a critical week with the progress of Greeces economic reform program, and its possible extension, expected to be addressed on Monday at a summit of eurozone finance ministers in Brussels.
Part of HFSF reserves set aside
BoG has decided to hold onto 2 bln euros of the bank bailout funds unused resources as a precaution
By Yiannis Papadoyiannis
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Cyprus eases controls on capital outflows
NICOSIA Cyprus eased controls on capital outflows on Friday, in another step toward scrapping draconian measures imposed last year to avoid a run on banks.
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Greek bond yields drop
Greek 10-year bond yields fell 42 basis points to 7.33 percent on Friday as the countrys deputy prime minister said he expected to have an initial deal with EU/IMF inspectors on their delayed bailout review by December 15.
[Reuters]
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