WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Major European bourses were firmer in early trade on Wednesday and sovereign bonds across the G10 retained a positive tone amid expectations for further monetary stimulus by the ECB at Thursday’s policy meeting.
GREECE: Official discussions in the context of the 1st programme review are reportedly expected to resume today. As per the same sources, the first meeting will take place at 14:00 EET as Greece’s Minister of Finance Euclid Tsakalotos and Greece’s Minister of Economy, Development and Tourism Giorgos Stathakis are scheduled to meet the ECB/IMF/ESM/EC mission heads. Meanwhile, France’s finance minister Michel Sapin reportedly said that official discussions on a new debt relief package for Greece would commence at the 2016 Spring Meetings of the IMF on April 15th -17th.
SOUTH EASTERN EUROPE
BULGARIA: According to the revised estimate of the Statistical Service, GDP growth came at +0.7% QoQ/+3.0% YoY in Q4-2015, bringing FY growth at+3.0% in 2015.
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