GREECE - Factors to Watch on August 2
ATHENS | Mon Aug 2, 2010 3:07am EDT
ATHENS Aug 2 (Reuters) - Here are news stories, press reports and events which may affect Greek financial markets on Monday:
GREECE'S ATEBANK PREFERS QUADRUPLE MERGER-GOVERNOR
The head of
Greece's ATEbank (
AGBr.AT) prefers a quadruple merger to form a strong state player in the country's banking system instead of teaming up with Piraeus Bank, he told Sunday's paper Realnews. [ID:nLDE67004Y]
GREECE'S ALPHA OPEN TO TIE-UP WITH A FOREIGN BANK
Alpha Bank (
ACBr.AT),
Greece's third-largest lender, would consider teaming up with a foreign bank if it is large and strong enough, its chairman told Sunday's Proto Thema newspaper. [ID:nLDE67004V]
GREEK TRUCKERS END STRIKE
Greek truckers ended a six-day strike on Sunday, handing a victory to the socialist government in its efforts to liberalise the recession-hit economy. [ID:nLDE6700AV]
EU STARTS IN-DEPTH PROBE ON OLYMPIC, AEGEAN MERGER
The European Union's executive has started an in-depth investigation into a proposed merger between Greek carriers Aegean Airlines (
AGNr.AT) and privatised rival Olympic [OLY.UL], it said on Friday. [ID:nLDE66T22U]
GREECE REJECTS EU REQUEST TO SELL PPC POWER PLANTS
Greece disagrees with a European Union proposal to sell state utility PPC (
DEHr.AT) power plants to boost competition in the country's energy sector, a senior government official said on Friday. [ID:nLDE66T1MQ]
EMPORIKI BANK H1 LOSS WIDENS 49.2 PCT ON PROVISIONS
Greek bank Emporiki (
CBGr.AT), majority owned by France's Credit Agricole (
CAGR.PA), said first-half losses widened 49.2 percent year on year to 535 million euros ($697 million) on higher provisions. [ID:nLDE66T0JR]
GREECE'S NBG COMPLETES 1.5 BLN COVERED BOND ISSUE
National Bank of
Greece (
NBGr.AT) (
NBG.N), the country's largest lender, said on Friday it completed an issue of covered bonds totalling 1.5 billion euros ($1.95 billion). [ID:nLDE66T0T5]
SPRIDER CEO SEES H1 SALES DOWN 10-12 PCT
Greek fashion retailer Sprider (
SPDr.AT) expects first-half sales to drop by up to 12 percent, hurt by the government's austerity measures to deal with the country's debt crisis, its chief executive said on Friday. [ID:nLDE66T1A0]
EU/IMF MISSION TO SUBMIT RECOMMENDATIONS TO FINMIN ON MONDAY
The EU/ECB/IMF delegation is expected to submit its recommendations on
Greece's fiscal progress to the finance minister on Monday, financial daily Naftemporiki reported. Its report will ask for further structural reforms and vigilance on the budget deficit, the paper added.
www.naftemporiki.gr
MARKIT TO RELEASE JULY PMI
Markit will release Greek manufacturing PMI data for July. In June, the index rose to 42.2, but remained well below the 50-point mark that separates growth from contraction.
GREEK MAY RETAIL SALES DROP 7.3% Y/Y
Greece's retail sales fell 7.3 percent by volume year-on-year in May after a 5.8 percent drop in April, flagging a slump in consumer spending as austerity policies strain household budgets, data by the country's statistics service (ELSTAT) showed on Friday. [ID:nLDE66T0ST]
EUROPEAN FACTORS-SHARES SET TO RISE;EARNINGS IN FOCUS
European shares were set to rise on Monday, tracking gains in Asia and a late recovery on Wall Street, with quarterly earnings from French bank BNP Paribas (
BNPP.PA) better-than-expected. [ID:nLDE67103N]
GREECE TOURISM REVENUE TO FALL IN 2010-DEPUTY MIN
Crippling strikes and anti-austerity protests have pushed
Greece's tourism sector, employer of a fifth of the workforce, deeper into recession this year, a deputy minister said, dashing hopes a recovery may help the country exit its debt crisis. [ID:nLDE66S1SZ]