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Greek Market Ends Sharply Higher Greek market ended above 2,100 for the first time since 19th January, in a session eher banks and blue chips were in focus. Analysts poin to improve sentiment ahead of earnings expected from major listed companies.

Greek Officials Say EU Aid Needed If Spreads Don’t Narrow

If the EU doesnn´t provide financial aid, Greece will turn to the International Monetary Fund, Dow Jones Newswires reports quoting government officials.

Fitch Says Greek Short-Term Outlook Probably OK

Greece´s current sovereign credit rating does not factor in a possible EU bailout, Fitch Ratings said today at a presentation in London.

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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Greek Report To EU Says Upward Revision For Interest Service Probable

Report says implementation of SGP ahead of schedule.

Greece Says Meeting With Obama A Success

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

Prodi Declares Greek Crisis ‘Over’

“For Greece, the problem is completely over,” former EC chief tells Bloomberg.

ECB’s Gonzalez-Paramo Says Greek Austerity Measures Convincing

He also noted that IMF´s role in Greek crisis should be purely advisory.

Two Nasdaq Greek Shipping Companies Under ‘Surveillance’

OceanFreight and NewLead stocks traded below the one dollar level.

Greece Set To Issue One Or Two Bonds In March

A global bond in dolars targeted at US and Asia investors also in the pipeline.

Alumil: 120 Mil. Euro Bond Issue

Company said that the bond will be used to refinance the company´s existing debt.
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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