GREECE – Factors to Watch on August 19


ATHENS |
Fri Aug 19, 2011 3:12am EDT

ATHENS Aug 19 (Reuters) – Here are news stories, press
reports and events, which may affect Greek financial markets on
Friday:

COLLATERAL DEAL WITH FINLAND NEEDS EURO ZONE OKAY-GREEK
FINMIN

Greece’s bilateral deal to put up collateral for Finland’s
share of loans in a new bailout package agreed last month has to
be cleared by the rest of the euro zone, Greece’s finance
minister said on Thursday. [ID:nLDE77H0W0]

AUSTRIANS, DUTCH FOLLOW FINNS, SEEK GREEK COLLATERAL

Austria, the Netherlands and Slovakia said they want
collateral on loans to Greece after Finland secured a
commitment, but a Greek official said this would nullify last
month’s entire bailout deal. [ID:nLDE77H01T]

GREECE NOT IN TALKS ON COLLATERAL WITH EURO PARTNERS
Greece is not discussing with euro zone countries other than
Finland the possibility of providing collateral for their
contribution to a new bailout deal agreed last month, a senior
government official said on Thursday. [ID:nATH006325]

GREEK FINMIN SAYS ADDITIONAL AUSTERITY MAY BE REQUIRED

Greece’s Finance Minister told a cabinet meeting on Thursday
that additional fiscal measures of 3-4 billion euros may be
needed to offset the higher-than-expected recession in Greece,
daily Kathimerini reported, citing unnamed sources.

www.kathimerini.gr

GREEK JAN-JULY TOURIST ARRIVALS UP 10 PCT Y/Y-SETE

Foreign tourist arrivals in Greece rose 10 percent in the
first seven months of the year, industry bodies said on
Thursday, bolstering hopes the key sector will rebound and help
the recession-hit economy. [ID:nLDE77H0G1]

GREEK JUNE C/ACCOUNT GAP NARROWS 14 PCT Y/Y
Greece’s current account deficit shrank 14 percent
year-on-year in June, helped by an improved trade balance and a
higher services surplus, the country’s central bank said on
Thursday. [ID:nLDE77H0FT]

EUROPEAN FACTORS-SHARES TO EXTEND STEEP SELL-OFF ON GROWTH
CONCERNS

European shares were expected to slip further on Friday
after steep declines in the previous session on growing concerns
that the U.S. economy was heading towards another recession and
some European banks faced short-term lending stress.
[ID:nL5E7JI3R8]
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the information in question.

For other related news, double click on:
———————————————————-
EUR Money Guide EUR/1 Greek Debt News [DBT-GR]
Greek Equities Guide GR/EQUITY Greece’s Debt GR/DEBT
Greek Economic Indicators [ECI-GR] Government Debt GR/GOVT
Greek Stock News [STX-GR] Greek Money News [M-GR]
Greek Exchange Info GR/EXCH1
———————————————————


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