Geece - Dates coming up to watch
• This weekend – activation of IMF-EU rescue? Reuters reported that a deal has been reached on the specific terms of a rescue but its not clear if Athens has requested the plan to be activated. In terms of the parameters of IMF debt, for loans up to three years, Greece will be charged the SDR rate plus 300 bps plus 50 bps service charge (per Reuters).
• Apr 13 - Greece will auction a total of 1.2 billion euros ($1.6 billion) of six- and 12-month T-bills on April 13• April 20 - Bond redemption for E8.22 billion
• Apr 22 - Greek strikes - Greek civil servants will walk off the job for 24 hours on April 22 to protest against austerity measures which they say burden only the poor, a union (ADEDY) official said on Friday. Reuters