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Athens News Agency: News in English, 09-01-12

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Greek state bonds suffer significant losses in Dec.
  • [02] KKE: Ankara doesn't want EU entry
  • [03] Greek stocks down 1.14% on Mon.

  • [01] Greek state bonds suffer significant losses in Dec.

    Greek state bonds suffered significant losses in the electronic secondary bond market in December, in contrast with US and European state securities' markets which strengthened during the last month of 2008, the Bank of Greece said on Monday. The three-year bond's yield rose by 0.34 percent to 4.37 pct in December, from 4.04 pct in November, while the 10-year bond yielded 6.09 pct from 5.48 pct over the same period, respectively. The average yield spread between the 10-year Greek and German benchmark bonds widened further to 201 basis points from 150 bps at the end of November.

    Turnover also fell significantly, with the value of transactions in the electronic market totaling 5.45 billion euros in December, from 21.36 billion in December 2007. Average daily turnover was 260 million euros.

    On Monday, turnover totaled 165 million euros, of which 85 million were buy orders and the remaining 80 million euros were sell orders. The 33-year bond was the most heavily traded security with a turnover of 35 million euros. The yield spread between the 10-year Greek and German bonds widened to 236 basis points, with the Greek bond yielding 5.36 pct and the German Bund 3.0 pct.

    In interbank market, interest rates fell further. The 12-month Euribor rate was 2.78 pct, the six-month rate 2.69 pct, the three-month rate 2.64 pct and the one-month rate 2.39 pct.

    [02] KKE: Ankara doesn't want EU entry

    President of the Republic Karolos Papoulias on Monday received Communist Party of Greece (KKE) general secretary Aleka Papariga at the presidential mansion, with the latter briefing the president on her recent visit to Ramallah at the head of a KKE delegation.

    The recently resurged issue of Greek-Turkish relations was also discussed in light of a series of brash Turkish military provocations in the eastern Aegean.

    In response to a press question, Papariga referred to a "hardening" of official policy by Ankara, while noting that "calm-headedness is one thing, tolerance (of such actions) is quite another" -- in reference to the Greek government.

    The KKE leader also called on the government to immediately bring the issue before the EU and NATO, while emphasising that Athens' threat to employ a veto against Turkey EU prospects is meaningless, "because Ankara is not really interested in joining the European Union."

    Caption: ANA-MPA file photo of KKE leader Aleka Papariga.

    [03] Greek stocks down 1.14% on Mon.

    Greek stocks suffered heavy losses in the Athens Stock Exchange on Monday. The composite index of the market ended 1.14 pct lower at 1,870.81 points, with turnover a low 82.4 million euros, of which 1.2 million euros were block trades.

    Most sectors moved lower, with the Banks (3.38 pct), Media (2.55 pct), Financial Services (2.33 pct) and Oil/Gas (2.16 pct) suffering the heaviest percentage losses of the day, while Telecommunications (1.94 pct), Healthcare (1.77 pct) and Utilities (1.36 pct) scored gains.

    The FTSE 20 index ended 1,52 pct lower, the FTSE 40 index eased 0.93 pct and the FTSE 80 index fell 0.48 pct. Broadly, decliners led advancers by 132 to 58 with another 53 issues unchanged.

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