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Greek bank bonds slide after premier refuses to extend program
By John Glover
Bonds of Greece?s banks extended declines, with notes of National Bank of Greece SA falling to a record, after Prime Minister Alexis Tsipras reiterated his government?s rejection of the country?s bailout program.
Investors waiting for Monday's Eurogroup
In anticipation of yet another crucial Eurogroup meeting ? this time scheduled for Monday in Brussels ? traders mostly held back on Friday, with sellers keeping the upper hand.
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Liberal MEP Stolojan on Swiss franc loans: Collective solution needed, unless banks relax terms
Liberal MEP Theodor Stolojan says that the recent speech of Finance Minister Darius Valcov about Romanian holders of Swiss franc loans "was incredibly arrogant" and asserts that the solution to the issue could be individual, if the banks relax the terms for the debtors, or collective - in the opposite situation.
Photo credit: (c) ADRIAN CUBA/ AGERPRES ARCHIVE
Greek central bank asks ECB to allow emergency bank lending line if needed
By George Georgiopoulos
Greece's central bank has moved to protect its banks from any fallout from the coming general election, asking the European Central Bank to approve a stand-by domestic emergency funding line, a Bank of Greece official said on Saturday.
Piraeus Bank is third lender to request ELA
Alpha and Eurobank are the other two to have applied for use of the mechanism that secures cash flow
By Yiannis Papadoyiannis
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Stocks slide on revenue shortfall
Revelations about the major shortfall in December state revenues ? with a direct impact on the primary surplus ? and the cacophony of statements from election favorite SYRIZA candidates on the future of relations with the country?s creditors put an end on Wednesday to a series of gains for the Greek benchmark that had stretched to three sessions.
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Euro deflation, exit talk take toll on stocks
The return of deflation to the eurozone and continued talk about a possible Greek exit from the economic and monetary union inflicted fresh losses on local stocks on Wednesday, although these were contained to less than 1.5 percent for the benchmark ? from over 3.5 percent earlier in the day ? marking a new 26-month low.
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Stocks give up 3.9 pct as snap elections loom
The stock market regained its composure somewhat after Parliaments widely anticipated failure to elect a new president and Prime Minister Antonis Samarass announcement of general elections next month, as losses of up to 11 percent in afternoon trade were reduced to less than 4 percent by the end of the first session after Christmas.
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Traders stay focused on Tuesday’s vote
Posting the lowest trading volume in 15 sessions, it was clear at the Greek stock exchange on Monday that investors were waiting for Tuesdays presidential vote in Parliament, while the small increases registered by the majority of stocks showed that the market is still keeping its collective cool.
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Bumpy ride, but stocks end higher
It was a rollercoaster ride of a session at the Greek bourse on Thursday. Despite the additional concern in the market generated by the result of the first vote for a new president late on Wednesday, the local benchmark managed to recovered from afternoon losses of more than 3 percent to close with gains of almost 1.5 percent, along the lines of other European bourses.
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