Financial Morning News 29/10/2012


The General Index in Athens Stock Exchange (ASE) closed at 874.54 posting losses of 0.76%, in a turnover of €47.82mn, after the preliminary report of IMF that the Greek debt will be above the target of 120% of GDP in 2020.

The Euro Working Group of euro-zone finance ministry officials will convene again today to discuss whatever conclusions Greece has come to. A Eurogroup through a video conference will take place on Wednesday in order to discuss about Greece. The Democratic Left Mr. Fotis Kouvelis insisted on an improvement in the terms concerning labour reforms that it staunchly opposes. The Prime Minister Mr. Antonis Samaras appears determined to have the measures passed through Parliament this week, in either one or two draft laws.

The German Finance Minister Mr. Wolfgang Schaeuble rejected a debt restructuring for Greece, saying that it is unrealistic to expect public or private bondholders to take losses on their Greek holdings.

The Dutch Finance Minister Mr. Jan Kees de Jager said that the Netherlands is not willing to give Greece more time to implement its reforms.

Corporate Impacts

  • Telecommunication Companies:Wind Hellas announced that it had submitted an offer to listed internet service provider Forthnet for the acquisition of its fixed-line telephony arm. The bid does not include Nova, Forthnet’s pay TV network.
  • Technical

    FTSE 20 September future:

      Support levels: 328-320-316. Resistance levels: 340-344-352.


    The information that EUROCORP (henceforth the “Company”) provides via the web page, 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 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.

    Get Adobe ReaderYou 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.