July 13 (Reuters) – Here are news stories, press reports and events which may affect Greek financial markets on Tuesday:
GREECE TO AUCTION 1.25 BLN EURO OF T-BILLS
Greece will auction 1.25 billion euro of 26-week T-bills to roll over maturing paper. It will be the country’s first return to market borrowing since securing a 110 billion euro emergency funding deal with the IMF and its euro zone partners in May.
EURO ZONE LAUDS GREEK EFFORT TO CUT BUDGET DEFICIT
Greece’s fiscal consolidation programme is on track and should allow the country to obtain a second tranche of international aid in September, euro zone finance ministers said on Monday. [ID:nLDE66B23X]
GREEK FIRST-HALF BUDGET DEFICIT DOWN 46 PCT Y/Y
Greece almost halved its central government budget deficit in the first six months of the year as drastic spending cuts outweighed weaker-than-expected tax revenues, the finance ministry said on Monday. [ID:nLDE66B1L0]
ECB GIVES BACKING TO GREEK BANK FUND PLANS
The European Central Bank gave its backing on Monday to Greek plans for a 10 billion euro aid package to support the country’s banks. [ID:nLDE66B15J]
GREECE’S NBG SAYS NOT LOOKING TO SELL UNITS
Greece’s largest lender National Bank (NBGr.AT) (NBG.N) said on Monday it was not looking to sell stakes in subsidiaries or raise its share capital, dismissing a press report to that effect. [ID:nLDE66B0Q8]
GREECE’S TT TO CLEAR STRESS TEST- VICE CHAIRMAN
State-controlled Hellenic Postbank (TT) (GPSr.AT), one of six Greek lenders to be stress-tested as part of Europe-wide checks, expects the simulation will show it has enough capital, its vice chairman said on Monday. [ID:nLDE66B1NX]
GREEK STRIKE TO GROUND FLIGHTS ON JULY 15
Flights to and from Greece will be halted for four hours on Thursday when air traffic controllers walk off the job to join a public sector walkout against labour reforms. [ID:nLDE66B157]
MORE THAN 1,400 ATHENS MANUFACTURERS CLOSED DOWN IN H1
More than 1,400 small scale manufacturing businesses closed down in Athens in the first half of the year, while only 800 new ones started operating, according to data by the Athens Chamber of Small and Medium-sized Industries, financial daily Imerisia reported.
EUROPEAN FACTORS-SHARES SET TO GAIN FOR 6TH SESSION
European shares were set to edge up on Tuesday, extending their rally into a sixth straight session, as better-than-expected quarterly earnings from U.S. firm Alcoa (AA.N) boosted investor confidence that the latest round of earnings from across the Atlantic could exceed estimates. [ID:nLDE66C03F]
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