Stock market crashes

Greece's central government debt reached 345.3 billion euros at the end of the second quarter of the year, up from 343.7 billion euros three months earlier, according to quarterly data published by the country's General Accounting Office on Friday.

The state's cash reserves stood at 13.08 billion euros, up from 12.32 billion euros at the end of March, the accounting office said.

Turkey's Treasury and Finance Minister Berat Albayrak promised on Aug. 16 the country will emerge "stronger" from the currency crisis sparked by a diplomatic spat with the United States, and ruled out an IMF bailout.

Greece will be monitored more closely by the European Stability Mechanism (ESM) and the other institutions after its bailout ends six days from now compared to other countries that emerged from rescue programs, according to ESM chief Klaus Regling.

Greece is preparing to exit its bailout program on August 20 after three rounds of financial assistance in 2010, 2012 and 2015, exceeding 300 billion euros in total. The country is betting that a debt relief plan by the Eurogroup and a large cash buffer along with the economy's return to growth will boost investors' confidence in Greece.

A eurozone rescue fund says it has paid its final 15 billion-euro bailout loan to Greece, after objections by Germany delayed the payment a few weeks.

The European Stability Mechanism (ESM) said Monday that 9.5 billion euros of it would be used to build up a cash buffer to help Greece meet its financial needs for almost two years.

The significant deterioration of the mood in international markets on Thursday after the trade threats by Washington, leading investors to reduce their risk exposure, has affected Greek bonds, which again showed how vulnerable they remain to foreign developments. This is despite the fact that Greece will emerge from its bailout program in just 17 days' time.

Greek bond yields rose to three-week highs on Tuesday, after the International Monetary Fund said that while euro zone debt relief has made Greece's public debt sustainable over the medium term, there was uncertainty over the longer-term outlook.

The 'Concordia' Employers Confederation expresses concern over Romania's macroeconomic balances having progressively deteriorated lately, as the 6-month budget deficit of 1.61 pct of GDP - 2.4 times higher compared to the same period of the year before - raises a red flag as to the imminent danger of overshooting the year-end target of 3 percent.

Moody's Investors Service said on Monday it has shifted its outlook on the Greek banking system from stable to positive on expectations of an improvement in the banks' funding and asset risk over next 12 to 18 months.

The German government estimates debt relief measures for Greece will cost around 34 billion euros over the next 10 years, depending on interest rate developments, a German newspaper reported Wednesday, citing a document from the Finance Ministry.