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GREECE - Factors to Watch on October 12

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ATHENS, Oct 12 (Reuters) - Here are news stories, pressreports and events, which may affect Greek financial markets onFriday:

IMF URGES EUROPE TO PUT BRAKE ON DEEP BUDGET CUTS

The IMF on Thursday backed giving debt-burdened Greece andSpain more time to reduce their budget deficits, cautioning thatcutting too far, too fast would do more harm than good.

GREECE'S BIGGEST FIRM LEAVES, JOBLESS RATE SOARS

Greece said its jobless rate had topped 25 percent and itsbiggest company announced on Thursday it would quit the country,in a fresh blow to an economy German experts warned cannot be"saved" without writing off more debt.

GREEK BANKS' ECB FUNDING SLIGHTLY DOWN IN SEPT

ECB funding to Greek banks slipped by 0.6 billion euros inSeptember from a month earlier while emergency liquidityassistance from the Greek central bank eased by 0.19 billion,Bank of Greece data showed on Thursday.

GREEK CENTRAL GOVT DEFICIT NARROWS IN JAN-SEPT, REVENUESSTAGNATE

Greece narrowed its central government budget deficit,excluding local authority and social security spending, by 37percent in the first nine months of 2012, the finance ministrysaid on Thursday, but revenues were still off target.

JP MORGAN RAISES CCH TO "OVERWEIGHT"

JP Morgan raised Coca-Cola Hellenic

to

"overweight" from "neutral", while SocGen raised its targetprice to 13.5 euros.

EUROPEAN FACTORS TO WATCH-GROWTH CONCERNS TO CAP SHARES ONFRI

European stocks were set to open slightly lower on Friday asexpectations for a weak earnings season and lingeringuncertainty about Spain's debt crisis kept investors on the backfoot after healthy gains in the previous session.

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For other related news, double click on:----------------------------------------------------------EUR Money GuideGreek Debt NewsGreek Equities GuideGreece's DebtGreek Economic IndicatorsGovernment DebtGreek Stock NewsGreek Money NewsGreek Exchange Info

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(Reporting By Tatiana Fragou)((+30210 3376469)(fax +30210)(3311829/39)(e-mail:athens.newsroom@news.reuters.com))

Keywords: GREECE FACTORS/

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