Financial markets
Credit system in quarantine
Foreign banks and stockbrokerages are avoiding making transactions through domestic trading firms
By Anestis Dokas & Yiannis Papadoyiannis
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Greek banks said to face curbs to foreign exchange trading
By Vassilis Karamanis
Greek banks are increasingly being hampered from trading currencies, one of most liquid markets, as international dealers cut back credit lines and costs soar, according to people with knowledge of the trades.
Delay in pension payment causes minor panic among recipients
By Roula Salourou
The Finance Ministry is locked in a constant battle to make sure that it has the necessary liquidity for the unhindered payment of salaries and pensions, despite any technical or other problems.
European bond buyers find negative doesn't necessarily mean bad
By Lukanyo Mnyanda
Giving away your money doesn?t mean losing it these days.
Investors who held shorter-dated European debt have managed to eke out a positive return in 2015, according to Bank of America Merrill Lynch indexes. That was even as price increases pushed yields in Germany and Austria below zero.
Ministry uses nearly 2 bln euros of state entities' cash
By Prokopis Hatzinikolaou & Evgenia Tzortzi
The Finance Ministry has already used 1.9 billion euros from the cash reserves of general government entities at the Bank of Greece or in state securities to ease the government?s liquidity problems and pay salaries, pensions and the state?s obligations to the country?s creditors.
Short-dated Greek yields edge up
Short-dated Greek yields edged up on Friday, while 10-year yields were down 11 basis points at 11.04 percent on persistent uncertainty over whether Greece?s international creditors would accept reform plans submitted on Friday to unlock much needed cash.
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BOE sees liquidity dangers as Greece threatens market stability
By Ben Moshinsky
The Bank of England will assess the danger from a shortage of market liquidity as it warned of threats to financial stability from events such as the crisis in Greece.
Pension funds' deposits in Bank of Greece could offer higher yield, Govt says
In response to a question tabled in Parliament by Golden Dawn MP Georgios Galeos over the management of Greece’s state-run pension funds, Alternate Finance Minister Dimitris Mardas said funds would be able to manage better their cash reserves by depositing them in the Bank of Greece.
Critical week for Turkish economy
At first look, the domestic economic agenda looks light this week, with purchasing managers? indices, preliminary exports and inflation being the main data releases. However, it may end up being the make-or-break week for Turkish assets, and eventually for the economy.
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Greek banks mull cutting shipping portfolios to raise capital, sources say
By Jonathan Saul & Sophie Sassard
Greece's leading banks are considering offloading part of their portfolios of shipping debt worth billions of dollars in a bid to shore up their capital, according to banking and ship financing sources.