Athens News Agency: Daily News Bulletin in English, 97-03-28
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No. 1149), March 28, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Greece, Romania sign two military-related agreements
[02] Spyridon leaves for visit to Ecumenical Patriarchate
[03] Nikos Skoulas named new EOT head
[04] EOT wins tourism fair award
[05] Greek, Turkish military chiefs may meet next month at NATO
meeting
[06] Turkish national assembly president to visit
[07] Simitis holds talks with EU Commissioner Kinnock
[08] Pangalos meets with EU Commissioner Papoutsis
[09] Synaspismos delegation in FYROM
[10] Costas Karamanlis holds separate meetings with Mitsotakis,
Kaklamanis
[11] Illegal immigration from Albania down, Romeos says
[12] Mob breaks into Greek consulate in Gjirokaster
[13] Olympiakos beats Greek rival in European League game
[14] KEDKE conference enters second day
[15] Arsenis briefs premier on education issue
[16] Health ministry announces expansion of methadone program
[17] Development minister denies plans for 'second OTE'
[18] Gov't spokesman
[19] Seminar organized on European energy planning
[20] Alpha Credit Bank assembly approves 76.2 bln capital increase
[21] Bank of Crete tendering reopens
[22] New issue of zero coupon bonds on April 1st
[23] Greek-Cypriot business symposium scheduled next week
[24] Trade mission to visit Havana
[25] Athens chamber delegation in Belgrade
[26] Prospects for Greek economy 'positive'
[27] Sports under-secretary says basketball league will turn
completely professional
[01] Greece, Romania sign two military-related agreements
Bucharest, 28/03/1997 (ANA)
Greece and Romania yesterday signed two agreements, one in the
technology and armaments sector and another concerning
protection of military information, during the end of a visit by
National Defense Minister Akis Tsohatzopoulos.
The two countries also affirmed common views regarding the terms
for the development of co-operation, peace and stability as well
as economic relations in the Balkans, particularly in the
context of European Union enlargement, according to statements
by Mr. Tsohatzopoulos after his talks with Romanian counterpart
Viktor Babiouk.
"We ascertained common views regarding the terms for the
evolution of co-operation in the Balkan countries, as well as
peace and security in the region," Mr. Tsohatzopoulos said,
stressing that the traditional friendship between the two
countries is finding new hopeful prospects after Prime Minister
Costas Simitis' recent visit to the Romanian capital.
"Greece and Romania constitute stabilizing factors in the
Balkans and we must promote the potential for co-operation, and
the joint support for the new prospect for the European Union
and enlargement eastwards. We believe, indeed, that Balkan
countries are entitled to participate in this enlargement, with
priority for Romania, in addition with the countries of central
Europe..." he added.
Mr. Babiouk said the two men discussed problems in the region
and his country's plan to join NATO, which Greece supports.
"We reviewed the situation in the area we live. We discussed the
problems regarding Romania's NATO membership. We found once
again that Greece supports us in our NATO membership," he said.
The Romanian defense minister added: "We sought sectors in which
to develop our co-operation and we succeeded. The signing of
these agreements has a logical character, for our countries to
develop relations of co-operation, mainly in the military
sector. Such agreements are necessary."
[02] Spyridon leaves for visit to Ecumenical Patriarchate
Athens, 28/03/1997 (ANA)
Archbishop of America Spyridon left yesterday for a pilgrimage
to the Ecumenical Patriarchate, along with 22 members of the
Archdiocesan Presbyters Council, who will hold their spring
meeting in the Patriarchate, the archdiocese announced.
The visit will culminate in the celebration of the third Sunday
of Lent with Ecumenical Patriarch Vartholomeos.
The Archbishop is to meet with the Patriarch tomorrow in order
to present the Presbyters Council and to discuss issues of
mutual concern and an expected visit to the United States by the
Ecumenical Patriarch in the autumn.
[03] Nikos Skoulas named new EOT head
Athens, 28/03/1997 (ANA)
The Greek National Tourism Organization (EOT) may have a new
Secretary-General but its tourism policies will remain the same
Development Minister Vasso Papandreou said yesterday.
Ms. Papandreou was speaking to reporters during an official
ceremony appointing Nikos Skoulas to the post of EOT
Secretary-General.
Mr. Skoulas, until recently the head of the national council on
Tourism, replaces Vassilis Kourtessis, who resigned last week.
Mr. Skoulas, who was a national economy under-secretary
responsible for the tourism sector from 1987 to 1989 and EOT
Secretary-General from 1982 to 1985, pledged to continue the
work begun by his predecessor.
"The pace, however, needs to be increased because our
competitors will not wait for us," he warned.
He said he hoped to be in the post for a substantial period of
time - such as five years - so that he could realize the plans
he had and achieve more results.
Ms. Papandreou thanked Mr. Kourtessis for his contribution and
said that significant steps in the exploitation of EOT's assets
had been taken under his stewardship.
"These efforts," she said, "will continue as will the major
administrative changes in EOT, which will be completed by the
end of the year."
She stressed once again the need for Greece to qualitatively
upgrade its tourist product and services.
Indications for the tourist season so far this year, she added,
were encouraging, with arrivals expected to increase
significantly over last year's figures.
[04] EOT wins tourism fair award
Athens, 28/03/1997 (ANA)
EOT yesterday won the first prize for best international
pavilion at the Moscow International Tourism Fair, which began
on Wednesday in the Russian capital.
It is EOT's fourth consecutive year at the fair, joined this
year by another 50 exhibitors from Greece, private organizations
and local government bodies.
Russian officials said 1997 would be a good year for tourism to
Greece with the number of visitors from Russia expected to
continue to rise. The numbers are expected to be helped by
Olympic Airways new Athens-Moscow route.
[05] Greek, Turkish military chiefs may meet next month at NATO
meeting
Athens, 28/03/1997 (ANA)
The government said yesterday that Greece's Chief of the
National Defense General Staff, Gen. Athanasios Tzoganis, may
meet with his Turkish counterpart, Gen. Ismail Hakki Karadayi,
at next month's NATO meeting in Brussels.
Acting government spokesman Yiannis Nikolaou said that the
meeting, if held, would be within the framework of "routine
contacts" which take place on the sidelines of alliance meetings
and could serve "to further broaden possibilities for improving
the climate of Greek-Turkish relations". Commenting on an
invitation from Gen. Karadayi to Gen. Tzoganis to visit Turkey,
Mr. Nikolaou said an official invitation would have to be
extended.
He underlined, however, that while all such initiatives were
positive, they should be accompanied by "concrete measures for
the implementation of Turkey's good intentions". "Such moves are
meaningful when the conditions are secured, which are related to
respect for international law, international treaties and the
implementation of the principle o f refraining from using force
or threatening the use of force," the spokesman said.
Gen. Karadayi attended a reception at Athens' embassy in Ankara
to celebrate Greece's Independence Day on Tuesday. The
government described his attendance as "a polite gesture".
The Turkish general reportedly spoke to Greek ambassador
Dimitris Nezeritis of the need to resolve bilateral differences
"so that future generations will not be burdened by these
problems".
Although noting yesterday that Gen. Karadayi's statements had a
positive value, the Greek government expressed the hope that
they reflected a more general political direction.
[06] Turkish national assembly president to visit
Athens, 28/03/1997 (ANA)
In a related development, the president of Turkey's National
Assembly, Mustafa Kalemli, is to visit Athens in order to attend
the meeting of Mediterranean countries' parliamentary presidents
on April 6-7.
According to Mr. Kalemli's office, the Turkish parliament
president accepted an invitation extended by his Greek
counterpart, Apostolos Kaklamanis, to attend the meeting.
Diplomatic sources attributed Mr. Kalemli's visit to Athens to
efforts to improve Greek-Turkish relations, and stressed he has
already discussed his visit with Gen. Karadayi.
Meanwhile, military sources told the Turkish press that Gen.
Karadayi's gesture of appearing at the reception aimed to change
the impression that the Turkish general staff is provoking
tension in bilateral relations.
"We proceeded with an important step with the aim of showing
this is not how things are. From now on, Athens and EU countries
must make the required steps for friendship between the two
countries," the same sources told the Turkish daily
"Cumhurriyet".
"The non-military sector has not managed to forge the same
friendly relations which we military have forged," the same
sources said.
[07] Simitis holds talks with EU Commissioner Kinnock
Athens, 28/03/1997 (ANA)
Prime Minister Costas Simitis yesterday discussed relations
between Greece and the European Union as well as improving
co-operation between EU member-states on transport issues with
visiting EU Transport Commissioner Neil Kinnock.
Mr. Kinnock also held talks with Merchant Marine Minister
Stavros Soumakis earlier yesterday on the EU's foreign relations
in the sea transport sector and issues to be examined by the
Transport Council in June, such as registration of passengers
travelling with ships and the lowest levels of training for
merchant seamen.
Mr. Soumakis briefed Mr. Kinnock on Greece's positions on these
issues and on the country's general positions in relation to the
EU's shipping policy, stressing the importance of shipping for
Greece and the EU.
In this context, Mr. Soumakis stressed the need for an EU
maritime shipping policy which will take into account the views
of all member-states.
Mr. Kinnock said excellent co-operation exists between the
European Commission and Greece in promoting the EU's shipping
policy and agreed with Mr. Soumakis on the adoption of an EU
shipping policy to benefit all member-states.
[08] Pangalos meets with EU Commissioner Papoutsis
Athens, 28/03/1997 (ANA)
Foreign Minister Theodoros Pangalos and European Energy, SMEs
and Tourism Commissioner Christos Papoutsis held a meeting at
the foreign ministry yesterday followed by a working lunch.
Mr. Papoutsis had met earlier with Foreign Under-secretary
Yiannos Kranidiotis.
The main issues of discussion during the two meetings were
developments in Albania and the European Union's involvement in
efforts to resolve the crisis, expected EU expansion centering
on Cyprus' induction procedure and the course of the
Intergovernmental Conference.
Mr. Papoutsis is scheduled to meet with Prime Minister Costas
Simitis this morning, after which he will speak at the
Parliamentary European affairs committee on the issue of the
Intergovernmental Conference.
[09] Synaspismos delegation in FYROM
Skopje, 28/03/1997 (ANA/M. Vihou)
Coalition of the Left and Progress (Synaspismos) leader Nikos
Constantopoulos yesterday called for support by all parties in
Greece and the Former Yugoslav Republic of Macedonia (FYROM), so
that "the interim agreement may become final, in other words
that the conditions will be created for a commonly acceptable
formula regarding the name."
Mr. Constantopoulos, who is heading a Synaspismos delegation
including Euro-MP Mihalis Papayiannakis, had meetings with
representatives of FYROM trade unions, the writers' union and
several political parties.
The delegation is scheduled to meet FYROM Foreign Minister
Ljubomir Frckovski and President Kiro Gligorov today.
Earlier, at Thessaloniki airport, Mr. Constantopoulos called for
a "dialogue on all issues" with FYROM.
"Greece and Skopje are strategic partners for stability and
growth in the region," he added.
Mr. Constantopoulos called for political initiatives, a
continual improvement in the climate, as well as talks aimed at
"promoting formulas for mutually acceptable solutions to all
problems, even the dispute over the name."
[10] Costas Karamanlis holds separate meetings with Mitsotakis,
Kaklamanis
Athens, 28/03/1997 (ANA)
Newly elected main opposition New Democracy party leader Costas
Karamanlis held talks with the party's honourary president and
former prime minister Constantine Mitsotakis yesterday evening.
Mr. Karamanlis visited Mr. Mitsotakis at the latter's office and
discussed national problems for about 35 minutes.
Speaking to reporters after leaving Mr. Mitsotakis' office, Mr.
Karamanlis said he called on Mr. Mitsotakis to contribute to the
effort aimed at the party's recovery.
He said the discussion was "constructive and friendly", adding
that Mr. Mitsotakis assured him that he will assist the effort.
On his part, Mr. Mitsotakis said he had a very good discussion
with Mr. Karamanlis, adding that it is self-evident that he will
help, "as he has always done," the party and the new leader.
The new ND president also met with Parliament President
Apostolos Kaklamanis.
Mr. Kaklamanis wished Mr. Karamanlis success in his work, while
the ND leader told the Parliament president that "ND will make
every effort in order to upgrade the work of Parliament."
The meeting also focused on issues related to parliamentary
activities and the role of the Parliament in the promotion of
Greece's national issues.
Concluding his round of meetings, Mr. Karamanlis visited former
ND premier George Rallis, thanking him for "impeccable" party
elections last week.
Mr. Karamanlis said the veteran ND cadre affirmed that he would
assist in any way he could.
On his part, Mr. Rallis said, however, that he did not desire
any post, saying he had no "political ambitions". He also denied
that he intended to stand for the post of president of the
republic in the year 2000.
[11] Illegal immigration from Albania down, Romeos says
Athens, 28/03/1997 (ANA)
The number of Albanian illegal immigrants entering Greece
dropped by 15 to 20 per cent during the last month, Public Order
Minister George Romeos told Parliament yesterday.
Mr. Romeos was replying to a question tabled by main opposition
New Democracy party deputy George Orfanos.
Since the end of February, Mr. Romeos said, the number of
illegal immigrants entering the country from neighbouring
Albania has dropped sharply as a result of increased security
along the border.
A total of 42 joint army and police detachments had been set up
along Greece's border with Albania, Mr. Romeos said, which had
been reinforced with squads of riot police, two helicopters and
patrol cars.
In the last two months alone, approximately 30,000 illegal
immigrants have been sent back to Albania, he added.
Mr. Orfanos alleged that Kalashnikov automatic weapons smuggled
into the country from Albania were available on the black market
in the northern port city of Thessaloniki for just five to ten
thousand drachmas.
Mr. Romeos disputed the claim, saying such availability was not
possible because of the stringent checks in force.
"The measures taken by the government are such that arms
smuggling on this scale is not possible...," he told Parliament.
In a related issue, Mr. Romeos said a meeting would be held on
Monday with the participation of the mayors of the Athens
district of Ano Liosia to discuss the problems which have been
created in the area by Albanian drug smugglers.
[12] Mob breaks into Greek consulate in Gjirokaster
Gjirokaster, 28/03/1997 (ANA)
Serious scuffles broke out at the Greek consulate here yesterday
when armed individuals demanding passport visas broke down the
main door, threw tear gas grenades and threatened staff by
firing automatic rifles in the air.
The incident occurred after several thousand people gathered
outside the consulate, the second day that it opened following
the unrest of recent weeks.
Staff-members were eventually evacuated to the consular
residence, while the incident ended after about two hours.
[13] Olympiakos beats Greek rival in European League game
Athens, 28/03/1997 (ANA)
The Olympiakos (Piraeus) basketball team beat its cross-town
rival Panathinaikos (Athens) yesterday evening 69-49 for the
semi-finals of the European Championship League.
The half-time score was 30-29 in favour of the Piraeus club,
which played on Panathinaikos' home court at the Olympic Indoor
Arena.
The second game of the best-of-three series is scheduled for
April 1 at the Peace and Friendship Stadium in Faliro. The
series winner heads to the European championships in Rome.
[14] KEDKE conference enters second day
Athens, 28/03/1997 (ANA)
The Central Union of Greek Municipalities and Communities
(KEDKE) conference entered its second day of sessions yesterday
with speeches by Interior, Public Administration and
Decentralization Minister Alekos Papadopoulos, Athens Mayor and
KEDKE President Dimitris Avramopoulos and Irakleio Mayor Costas
Aslanis.
The conference focused on the government's proposed reform plan
promoting the creation of "metropolitan self-admnistration
structures."
In his speech, Mr. Papadopoulos stressed the need for the
modernization and adaptation to the new order of the state
agencies.
Elaborating on the "Kapodistrias" plan, a program for the
modernization and restructuring of the local
self-administration, Mr. Papadopoulos said the program was part
of the "general political planning for the development, progress
and prosperity of the country."
In his address, Athens Mayor Dimitris Avramopoulos referred to
the creation of "metropolitan municipalities," calling for the
government's co-operation in order to "have a solution
implemented in the best possible and effective way."
"We should not erase history in the name of economic
effectiveness, especially at a place where (history) played a
major role in the survival of the nation," Mr. Avramopoulos said.
He said the new organizations, which will emerge from the
mergers between municipalities and communities, should be
financially supported in order to achieve a stronger and more
efficient self administration structure.
"It would be criminal if support for the new structures is
derived from the existing sources for local
self-administration," he said.
The General Prefect of Greater Athens-Piraeus, Evangelos
Kouloumbis, told the conference that the interior ministry's
proposal for the merging of communities and municipalities was
"serious and carefully compiled."
Mr. Kouloumbis said that in order for such a radical program to
be successful local societies must believe in its necessity.
[15] Arsenis briefs premier on education issue
Athens, 28/03/1997 (ANA)
Prime Minister Costas Simitis and Education Minister Gerassimos
Arsenis discussed education issues at the Maximos Mansion for
more than two hours yesterday.
According to reports, Mr. Arsenis briefed the prime minister on
the situation prevailing in schools in connection with lessons
lost during teachers' two-month-long strike and the refusal of
the Union of Secondary School Teachers (OLME) to implement
measures he has announced.
Reports said Mr. Arsenis also briefed the prime minister on
reforms he is promoting, primarily higher education, concerning
the operation of "free study courses" at certain universities as
of September, as well as the operation of the open university in
the same month. Mr. Arsenis has said that he will announce
details of the new institution on Monday.
[16] Health ministry announces expansion of methadone program
Athens, 28/03/1997 (ANA)
The health ministry is to announce the expansion of the
methadone program and a program to combat illegal drug abuse by
April 10, Health Under-secretary Manolis Skoulakis said
yesterday.
Mr. Skoulakis was replying to a question in Parliament by
Coalition of the Left and Progress deputy Maria Damanaki, who
called on the government to submit a report on the methadone
program to deputies.
[17] Development minister denies plans for 'second OTE'
Athens, 28/03/1997 (ANA)
Development Minister Vasso Papandreou yesterday told Parliament
that she had never referred to the creation of a private sector
telecommunications organization or the need for an existence of
a second OTE.
Responding to Communist Party of Greece deputy Achilleas
Kantartzis she said that her recent meeting with entrepreneurs,
"officials from DEH (the state power company) said they had
received proposals from foreign companies for networking in
light of the deregulation of the internal telecoms market, in
other words, mobile telephony".
She reiterated that the government had proposed to the European
Union that there be a transitional period of five years, but
that at the end of this period, the telecoms market be fully
deregulated.
[18] Gov't spokesman
Athens, 28/03/1997 (ANA)
Greece must prepare to deal with the deregulation of
telecommunications systems, acting government spokesman Yiannis
Nikolaou said yesterday in response to comments by Ms.
Papandreou and Prime Minister Costas Simitis about state-run OTE.
Mr. Simitis and Ms. Papandreou, the spokesman said, were quite
clear about OTE and the thing that the government is pursuing is
the extension of the transitional period up to the deregulation
of telecommunications.
[19] Seminar organized on European energy planning
Athens, 28/03/1997 (ANA)
A seminar on the "Regional Dimension of European and National
Energy Planning" will be held on Monday.
The seminar is organized by the European Commission in
co-operation with the Center of Renewable Energy Sources.
The seminar will be held with the participation of Christos
Papoutsis, EU Commissioner for issues of Energy, Small-to-Middle
Sized businesses and Tourism and Interior, Public Administration
and Decentralization Minister Alekos Papadopoulos as well as
Development Minister Vasso Papandreou.
[20] Alpha Credit Bank assembly approves 76.2 bln capital increase
Athens, 28/03/1997 (ANA)
Alpha Credit Bank held its regular general assembly of
shareholders yesterday which focused primarily on an increase in
share capital and the ratification of annual financial
statements and the bank's balance sheet for 1996.
The general assembly decided to increase the bank's capital by
72.6 billion drachmas with a lump-sum dividend payment and the
right of purchase by old shareholders at the price of 11,000
drachmas for every new share in exchange for four old ones, and
by giving one share free of charge for every four old ones
resulting from the capitalization of reserves. Registrations
will take place from April 7 to May 9, 1997.
The bank's Administrative Council President G. Kostopoulos said
revenues emanating from the increase in capital will be used to
develop the network of the bank's branch offices, which
currently amount to 190, and informatics systems, participate in
share capital increases of the group's companies, strengthen the
capital yield and activate new products.
Referring to results achieved in 1996, Mr. Kostopoulos said that
profits after tax increased by 18.8 per cent and amounted to 54
billion drachmas. Loans granted increased by 25.1 per cent and
reached 890.6 billion drachmas, while deposits totaled 1,996 .1
billion drachmas (an increase of 32.1 per cent).
[21] Bank of Crete tendering reopens
Athens, 28/03/1997 (ANA)
A joint decision by the National Economy and Finance Minister
and the Director of the Bank of Greece was signed on Monday for
a repetition of tendering for the sale of the Bank of Crete,
according to an announcement issued by the Bank of Crete.
According to the decision, the floor price for the purchase of
the bank has been set at 30 billion drachmas, with payment to be
made either in cash or with a down-payment of at least 30 per
cent, with the remaining amount being paid within three years.
Offers, along with all required paperwork, must be submitted by
June 6, 1997, while the three short-listed candidate buyers will
be notified by June
[22] New issue of zero coupon bonds on April 1st
Athens, 28/03/1997 (ANA)
The Finance Ministry yesterday announced the issue - the fourth
in a row - of two-year bonds with zero coupons. The interest
rate will be 10.1 per cent and public registration will take
place on April 1. The announcement by the Finance Ministry said
the new security appeals to the entire investing public, but
primarily to small investors since they are provided with the
possibility of replacing treasury bills with a similar security
of a longer duration (two years).
Given that inflation and interest rates are following a
continuous downward trend, the investor choosing these
securities avoids the risk of reinvesting his money with a
smaller yield for two years, since the interest rate for the
two-year bonds will re main stable throughout their entire
duration.
[23] Greek-Cypriot business symposium scheduled next week
Athens, 28/03/1997 (ANA)
A two-day Greek-Cypriot business symposium will take place on
March 31 and April 1 aimed encouraging business ventures between
Greek and Cypriot enterprises, especially in the Balkans, the
Black Sea region and the Middle East markets. The symposium,
held under the auspices of the national economy ministry, is
being organized by the Cypriot Chamber of Commerce and the
Athens Industry and Trade Chamber. The symposium will be
attended by the Cypriot Economy Minister, Christodoulos
Christodoulou.
[24] Trade mission to visit Havana
Athens, 28/03/1997 (ANA)
The Hellenic Foreign Trade Board (HEPO) yesterday announced a
trade mission to Havana from May 6-11 to coincide with the
official visit to Cuba of National Economy Under-secretary
Alekos Baltas.
According to HEPO, the main purpose of the mission will be to
further develop bilateral relations at a business level.
At a recent meeting organized by HEP on the possibilities for
further expanding economic and commercial co-operation with
Cuba, opportunities were identified in the sectors of
construction and infrastructure, foodstuffs, pharmaceuticals,
cosmetics, clothing, footwear, plastic household items and
stainless steel kitchen utensils.
[25] Athens chamber delegation in Belgrade
Belgrade, 28/03/1997 (ANA/M. Mouratidis)
A delegation of the Athens Chamber of Commerce and Industry is
paying a three-day visit here to the Yugoslav Chamber of Finance.
Talks between the Greek delegation and businessmen from
Yugoslavia focused on specific forms of co-operation, joint
participation in third markets and co-operation in projects of
strategic importance in the southern Balkans.
The president of Belgrade's Chamber of Finance, Branislav
Vujosevic, said that in the first two months of the year trade
transactions between the two countries amounted to US$30
million, while the figure is expected to reach 400 million by
the end of the year.
He said the new law on changing the ownership status of
businesses and state-run corporations in Yugoslavia will
contribute to further promoting Greek-Yugoslav economic and
trade relations.
Greek businessmen are expected to sign specific agreements on
co-operation in the sectors of industry, trade and building,
stressing that tourism and small enterprises constitute suitable
ground for future co-operation.
[26] Prospects for Greek economy 'positive'
Athens, 28/03/1997 (ANA)
The prospects for the Greek economy are positive, according to
informed sources citing a report by the organization Standard
and Poors to be published shortly.
According to the report, Greece will retain its present
long-term foreign currency rating of BB and corresponding
short-term rating of A3.
In addition, the report's evaluation of the Greek economy will
now be using the term "positive" to describe prospects, a step
up from the previous designation of "steady." With respect to
long- and short-term local currency ratings, Standard and Poors
give Greece an A and A-1 respectively.
The report notes that the evaluation "reflects the positive
prospects that exist with the new government, which came to
power last year with an absolute parliamentary majority and has
a four-year term in which to continue to adapt the country's
public finances and implement its economic policy in the public
sector and to carry out other structural reforms, which have
been set by Greece as a target for its entry to EMU by the year
2001."
Also underlined in the report are Greece's growth rates - which
are above the European Union average - the country's stable
democratic system of government "and the unimpeded and
impeccable settlement of the post-war debt."
[27] Sports under-secretary says basketball league will turn
completely professional
Athens, 28/03/1997 (ANA)
Professional basketball in Greece - officially - will very soon
be a fact, Sports Under-secretary Andreas Fouras stated
yesterday.
Basketball clubs will be converted into societes anonymes with a
minimum equity capital of 100 million drachmas.
Regarding the issue of foreign players who acquire Greek
citizenship, he said the undersecretariat will toughen its
attitude and tighten procedures.
In an unrelated subject, the under-secretary said the president
of the International Olympic Committee (IOC), Juan Antonio
Samaranch, will visit Athens on July 7 to attend a special event
for "Olympic Day".
End of English language section.
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