Friday, April 8, 2011

GREECE - Factors to Watch on April 8

Here are news stories, press reports and events, which may
affect Greek financial markets on Friday:

GREECE TO REVISE PROPOSED GAMBLING BILL
The Greek government will revise a proposed law on liberalising gambling after ruling party politicians complained it could turn the cash-strapped country into a vast casino, members of parliament said on Thursday. 

GREECE 2010 DEFICIT TOPS 10 PCT, FACES MORE AUSTERITY
Greece's 2010 budget deficit was bigger than estimated at over 10 percent of GDP, heralding yet more austerity measures, a source close to the country's international lenders told Reuters on Thursday. 

ECB RAISES KEY INTEREST TO 1.25 PCT, AS EXPECTED
The European Central Bank raised its key interest rate by 25 basis points to 1.25 percent on Thursday, tightening policy as expected to counter firming price pressures in the 17-country euro zone. 

GERMAN ECONOMIC INSTITUTES EXPECT GREEK DEBT RESTRUCTURING
Germany's leading economic research institutes said on Thursday they expect Greece sovereign debt will be restructured.
"As far as Greece goes, there will be a restructuring," said Kai Carstensen, a senior economist at the Ifo Institute, at a news conference.

MOST GREEKS EXPECT DEBT RESTRUCTURING - POLL


source: Reuters