GREEK FINANCIAL MARKET
The General Index in Athens Stock Exchange (ASE) closed at 857.05 posting losses of 0.32%, in a turnover of €37.99mn.
The Greek Prime Minister Mr. Antonis Samaras said that the decision of EU leaders to create a single supervisory mechanism for European banks would give hope to Greece that it could reduce its debt by another €50bn of debt in the future.
Greece will auction €1bn of three-month T-bills tomorrow to refinance a maturing issue (PDMA).
The commissioner Mr. Algirdas Semeta said that if Greece reforms its tax system, it could earn the 5% of GDP in revenues.
- Piraeus Bank:Societe Generale announced that it sold an 89.08% stake in Geniki Bank’s share capital, following the prior sale of 9.99% to Piraeus Bank on 30 November. Piraeus Bank will pay Societe Generale €1mn for the whole stake in Geniki. Prior to the sale, Societe Generale invested €460mn in Geniki and in Piraeus bonds.
FTSE 20 December future:
- Support levels: 294-286-280. Resistance levels: 308-314-320.
The information that EUROCORP (henceforth the “Company”) provides via the web page eurocorp.gr, can be used only for informative aims and not for commercial, investment or other purposes. They cannot be considered as offer, advice, or proposal for purchase or sale of securities issued by companies that are reported in the web page of the Company, or as prompt on the realisation of any form of investments. The Company is not by any chance accountable for commercial or investment decisions that will be taken based on this information.
The information emanates from sources that are available in public and are generally considered reliable. The Company overwhelm each possible effort for the verification of the validity of this information. Nevertheless, the Company is not committed as for the precision, plenitude and safety of information and consequently no responsibility arises for the company from the use of this information.
The use of web page eurocorp.gr is under the exclusive responsibility of each user, who accepts that the information and services, are provided “as such” and “depending on the availability”, without any guarantee of the Company, indicatively reported the guarantees of satisfactory quality or appropriateness for concrete aims.
You will need Adobe Reader to open the files. If you do not have it already, you may download it from Adobe’s website by clicking the icon on the right.