FACTBOX – Coming events in euro zone debt crisis

April 12, 2010

April 12 (Reuters) – Following are upcoming events in the

euro zone debt crisis:



— April — New tax bill, tabled in parliament in March, is

expected to be passed in April.

— Government plans to bring pension reform bill to

parliament, raising effective retirement age to 63 from 61 by



— Greek civil servants have called a 24-hour strike for

April 22 to protest against austerity measures.


— April 15 — January unemployment (monthly).


— Greece plans roadshows to the United States as a way to

diversify its debt investor base beyond Europe. Originally

planned for early March, the roadshows have been pushed back to

the end of April.


— April 13 – Government has to refinance 985 million euros

of 52-week T-bills issued in April last year.

— April 16 – Government has to refinance 1.28 billion

euros of 26-week T-bills issued in October last year.

— April 20 – Government will need to refinance 8.2 billion

euros of a maturing five-year, 3.1 percent fixed-coupon

government bond.

— April 23 – Another 1.585 billion euros of short-term debt

comes due – T-bills issued in January this year.

— May 19 — Greece will need to refinance 8.5 billion euros

of a maturing 10-year fixed-coupon 6 percent bond.

— The chief of Greece’s debt agency said in March the

country had cash reserves of 7 billion euros. Greece last Monday

borrowed another 5.4 billion euros.



— April 14 – European Commission expected to discuss

Portugal’s 2010-2013 growth and stability plan which seeks to

cut the budget deficit to 2.8 percent of GDP in 2013 from 8.3

percent this year.


— April 13 – National Statistics Institute releases

inflation data for March; also hotel revenues, tourism sector

data for February.

— April 22 – Bank of Portugal publishes current account

data for January-February.

— April 29 – National Statistics Institute releases

consumer and business confidence indices for April.

— May 7 – National Statistics Institute releases trade

balance for January-March.

— May 10 – National Statistics Institute releases hotel and

tourism sector data for March

— May 12 – National Statistics Institute releases flash

estimate for first-quarter GDP, inflation data for April.

— May 18 – National Statistics Institute releases

first-quarter unemployment data.


— April 14 — IGCP debt agency offers 1.5 billion euros to

2 billion euros in June 2012 and June 2021 government bond

maturities in an auction.

— April 21 – IGCP debt agency offers between 500 million

and 750 million euros in 3-month t-bills, also 500 million to

750 million euros in 9-month t-bills in two auctions.

— May 5 – IGCP debt agency offers between 500 million and

750 million euros in 6-month t-bills in auction.

— May 19 – IGCP debt agency offers between 500 million and

750 million euros in 9-month t-bills in auction.



— April 16-18 – Ecofin meeting of euro zone finance

ministers in Madrid.

— May 26 – EU/ASEAN summit.

— June 5 – EU II Mediterranean summit.


— April 30 – Government aims to publish a highly

anticipated labour reform by end of month.

— April/May – Parliament to debate government’s Austerity

Package aimed at cutting public deficit.


— April 22 – 15 year benchmark Obligacion. (4.65 percent,

July 2025)

— May 6 – 5-year benchmark bono. (3 percent, April 2015)

— May 20 – 10-year benchmark Obligacion. (4 percent, April


June 10 – New benchmark 3-year bono. (2013)

June 17 – 10-year benchmark Obligacion (4.70 percent July


For a series of graphics on the debt crisis in Greece and

the euro zone, click on: http://r.reuters.com/fyw72j

Source: Reuters bureaux

(Writing by David Cutler, London Editorial Reference Unit;)

((david.cutler@thomsonreuters.com; +44 20 7542 7968; Reuters

Messaging: david.cutler.reuters.com@reuters.net))

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