ATHENS, April 8 (Reuters) – Here are news stories, press reports and events which may affect Greek financial markets on Thursday:
GREEK BANKS SEEK MORE AID AS SPREADS WIDEN AGAIN
Greece’s borrowing costs hit a new high on Wednesday after the government said the country’s banks had asked for billions of euros in support and euro zone states argued over the conditions of potential bailout loans. [ID:nLDE636138]
ECB TO REVAMP LENDING RULES AS GREECE TENSIONS GROW
The European Central Bank is expected to do its bit to ease the financial squeeze on Greece on Thursday by fleshing out new lending rules and keeping euro zone interest rates at a record low of 1.0 percent. [ID:nLDE6350JT]
GREECE DOES NOT EXPECT SPREADS TO DROP SOON-FINMIN
Greece does not expect the premium investors demand to buy Greek state bonds instead of German bunds — now at a euro lifetime high — to drop soon, the country’s finance minister said on Wednesday. [ID:nATH005340]
GREEK BANK DEPOSITS DOWN 1.4 PCT M/M IN FEB-C.BANK
Business and household deposits at Greek banks fell 1.4 percent to 229.5 billion euros in February compared to a month earlier, central bank data showed on Wednesday. [ID:nLDE6361KS]
CABINET CLEARS DRAFT LAW ON ILLEGALLY CONVERTED BUILDINGS
The cabinet cleared a draft bill that allows home owners to pay one-off penalties to legalise building code violations on home conversions, financial daily Imerisia reported. The government will use proceeds to fund the creation of more parks in urban areas.
JUMBO NINE-MONTH SALES UP 10.6 PCT
Toy retailer Jumbo (BABr.AT) announced a 10.63 percent rise in nine-month sales, which include revenues during Easter, financial daily Kerdos reported.
EUROPE FACTORS-SHARES SEEN DOWN;RATE DECISIONS EYED
European shares are set to open lower on Thursday, tracking falls on Wall Street and Asia, with direction likely to be dictated by interest rate decisions from the Bank of England (BoE) and the European Central Bank (ECB) later in the session. [ID:nLDE63703M]
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