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GD         Turnover  mln. €
Greek Bourse Steady Above 2,100 Greek stock market hovers above 2,100 on Friday, posting mixed signs on a small fluctuation range. Investors await NBG and Alpha earnings releases next week and eye ECOFIN meeting on Tuesday. Across the board, the General Index adds 0.66%.

Eurobank: 2009 Net Income At 362 Mil. Euro

Debt provisions increased 33% y-o-y to 1.18 bil. euro, or 2.11% of the average net loans in 2009. Group pre provision income exceeded 2008 levels and reached €1.6bn in 2009.

Deutsche Bank: Greece’s Fiscal Adjustment A “Herculean Task”

“The key risk would be if Greece were unwilling to accept the near-term adjustment costs, hoping that their current difficulties could be solved via external assistance,” the Bank says.

EU Says Fragile Recovery Is In Progress

EU Says Fragile Recovery Is In ProgressThe EU economy is gradually recovering, whilst still facing headwinds, European Commission said Thursday in its interim report. Real GDP started to grow again in the third quarter of 2009, ending the longest and deepest recession in the EU´s history.

January Euro Area Unemployment Rate At 9.9%

January Euro Area Unemployment Rate At 9.9%The EU27 unemployment rate was 9.5% in January 2010, the same with December 2009. while it was 8.0% in January 2009.
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Le Monde: 20-25 Bil. Euro Bailout For Greece In The Pipelines

The plan is being discussed Friday, the newspaper reports.

Papandreou Says Doesn’t Rule IMF Option

In an interview published in Bloomberg BusinessWeek.

Greece’s Q4 GDP Shrinks 2.5% On The Year

On the quarter, the contraction shaped at 0.8%.

Greek Jobless Rate Hits 10.2% In December 2009

Compared to 8,9% in December 2008 and 10.6% in November 2009.

J&P Avax Ventures With Sorgenia Spa In Energy

Cooperation to be executed through a jointly owned company.

Greece Says Meeting With Obama A Success

Greek PM said Obama encouraged Greek efforts to enhance financial regulations, Deutsche Welle reports.

ECB’s Gonzalez-Paramo Says Greek Austerity Measures Convincing

He also noted that IMF´s role in Greek crisis should be purely advisory.
MARKETS
Merrill Lynch Remains Overweight For Greek Banking Sector

Merrill Lynch Remains Overweight For Greek Banking Sector

Despite having made up some of its underperformance since the October 2009 peaks, Greek banks still trade at material discounts to the European bank sector, ML says.
BANKS
National P&K Securities Sees 2010 Banks’ Net Down 23%

National P&K Securities Sees 2010 Banks’ Net Down 23%

The firm states that macro concerns as reflected in the sovereign debt market continue to negatively affect Greek banks, thus making their funding tougher and more expensive, with the most imposing question being the cost of funding for Greece.
ECONOMY
EIB Says Delivered Unprecedented Volume Of effective Funding for In Europe And Greece

EIB Says Delivered Unprecedented Volume Of effective Funding for In Europe And Greece

The European Investment Bank said Monday increased its total lending volume in 2009 to EUR 79bn, a 37% rise from EUR 58bn in 2008. The EIB provided a total of EUR 1.6bn, up 33% compared to EUR 1.2bn in 2008.
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