WORLD ECONOMIC & MARKET DEVELOPMENTS
GREECE: According to press reports, the preparatory work of the technical staff of the institutions (EC/ESM/ECB/IMF) has so far revealed that only 2o prior actions have been completed out of the c. 130 remaining ones in the context of the 3rdprogramme review, therefore, a more realistic scenario would envisage the completion of the 3rd review in January 2018 rather than before the end of 2017. In the sidelines of today’s Eurogroup the Greek FinMin Euclid Tsakalotos will brief his counterparts on issues such as the progress of state arrears clearance, the 2018 state budget and Greek banks.
SOUTH EASTERN EUROPE
BULGARIA: The Bulgarian stock market was under pressure for most of last week. Separately, the domestic sovereign debt yield curve displayed moderate changes, while Eurobonds were little changed last week.
SERBIA: The EUR/RSD traded within a tight range of 119.00 to 119.30 last week.
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