FACTBOX – Coming events in euro zone debt crisis
April 12 (Reuters) – Following are upcoming events in the
euro zone debt crisis:
* GREECE:
REFORM:
– 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
2015.
STRIKES:
– Greek civil servants have called a 24-hour strike for
April 22 to protest against austerity measures.
ECONOMIC DATA:
– April 15 — January unemployment (monthly).
EVENTS:
– 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.
BIG DEBT MATURITIES:
– 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.
* PORTUGAL:
REFORM:
– 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.
ECONOMIC DATA:
– 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.
GOVERNMENT DEBT SUPPLY:
– 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.
* SPAIN:
MEETINGS:
– April 16-18 – Ecofin meeting of euro zone finance
ministers in Madrid.
– May 26 – EU/ASEAN summit.
– June 5 – EU II Mediterranean summit.
REFORM:
– 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.
BOND ISSUES:
– 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
2020)
June 10 – New benchmark 3-year bono. (2013)
June 17 – 10-year benchmark Obligacion (4.70 percent July
2041)
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))


