Greece

Spain kicked off a busy week for the eurozone periphery with a bill sale where the sovereign’s borrowing costs repeated their pattern for much of this year by bumping around 0%.

The Euromoney Smaller European Companies Index Series currently comprises 1350 companies across 16 European countries.

Greek banks’ senior unsecured bonds suffered another sharp fall on Monday after Eurogroup president Jeroen Dijsselbloem said bondholders would be bailed in to protect even uninsured depositors.

Italy’s short term borrowing costs hit a euro-era record low on Wednesday — but, despite a bail-out deal between Greece’s government and creditors looking imminent, the country’s costs failed to move at a bill auction on the same day.

Eurozone government yields dropped on Tuesday after the European Commission said the Greek government had struck a bail-out deal “in principle” — but the agreement does not signal the end of the euro market’s troubles, said SSA bankers.

Poseidon Containers, the Greek shipping company, has suspended its plan to list on the New York Stock Exchange, blaming unfavourable market conditions.

Greek yields fell on Monday as fast as headlines appeared suggesting a deal could soon be reached on a third bail-out package for the country. But bankers are still wary of a last minute disaster.

Greece’s largest banks could only muster a collective "no idea" when requested by the Hellenic Capital Markets Commission to inform the public on the likely impact of capital controls.

Greece’s largest banks could only muster a collective 'no idea' when requested by the Hellenic Capital Markets Commission to inform the public on the estimated impact of capital controls.

The short term risk of Grexit might have receded, but nothing really looks solved. In nearly every currency union in history, once a sovereign joins a currency, it doesn't leave — except for the Pope.

Greece may be off most market participants’ radars for the moment. But with another election in the country looking increasingly likely, an already busy period for political risk could be about to grow worse.

A rare Greek IPO was announced on Tuesday, as Poseidon Containers, based in Athens, set out to raise about $230m by floating in New York, to finance purchases of container ships.