GREECE DAYBOOK: ECB Financing To Greek Banks Falls to EU87.9B

Greek bank reliance on European Central Bank liquidity fell to 87.9 billion euros in March from 90.4 billion euros the previous month, the Bank of Greece (TELL) said.

WHAT TO WATCH *PM George Papandreou in Oslo attending Progressive Governance Conference *European Commissioner Connie Hedegaard meets Environment Minister Tina Birbili and Maritime Affairs Minister Yiannis Diamantidis, press conference at 1:30 p.m.

ECONOMY *Greek February unemployment

EARNINGS: *Frigoglass (FRIGO GA), reports 1Q 2011 earnings before start of trading

ANALYST RATINGS *National Bank (ETE GA), Alpha (ALPHA GA), Eurobank (EUROB GA) and Piraeus Bank (TPEIR GA) L-T and S-T CCR, cut by S&P *Marfin Investment Group (MIG GA) L-T CCR cut to B by S&P *Coca-Cola HBC (EEEK GA) price est. cut to EU20.5 from EU22 at Eurobank Equities, to EU21 from EU24 at National P&K, to EU21.5 from EU22.8 at Proton

MARKETS: *The ASE Index gained 18.81 or 1.4% to 1,388.11 *FTSE/ASE 20 Index increases 1% at 620.84 *Cypriot General Index rises 1.8% to 904.22 *Greece 2YR Bond Yields: 25.29% - 10YR Bond Yields: 15.57% *10YR bond spread against German bunds -- 12.44 ppts *Euro -- U.S. $1.42 *The MSCI Asia Pacific Index lost 1% as of 1:45 p.m. in Tokyo, after a slump in commodities and companies reported lower earnings.

BLOOMBERG TV: *8:40 a.m. David Bloom, HSBC, discusses the euro amid rumors of Greek debt restructuring *9:00 a.m. David Blanchflower, Dartmouth College, general economic outlook, European debt crisis *9:40 a.m. Otto Fricke, German Free Democratic Party, discusses European crisis mechanism, eurobonds, Portugal, Ireland *11:10 a.m. Davide Cucino, EU Chamber of Commerce, trade relations with China *11:50 a.m. Antonio Borges, IMF, economic outlook for Europe

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