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Athens News Agency: Daily News Bulletin in English, 99-07-14Athens News Agency: Daily News Bulletin in English Directory - Previous Article - Next ArticleFrom: The Athens News Agency at <http://www.ana.gr/>CONTENTS
[01] Cohen lauds Greece's role in Kosovo crisisAthens, 14/07/1999 (ANA)US Defense Secretary William Cohen stressed yesterday from Thessaloniki that Greece's role in the pacification of Kosovo had been indispensible, while the northern port city will play a major part in the Balkans' reconstruction."Nothing could have been done without Greece's support, and for this reason the United States and NATO wish to express their gratitude for its stand," he said after talks with his Greek counterpart Akis Tsohatzopoulos and in response to a question over whether Greek public opini on attitudes had delayed the deployment of NATO forces in the troubled Yugoslav province. Mr. Cohen arrived in Greece's northern capital yesterday afternoon. He will have talks in Athens today with Prime Minister Costas Simitis and main opposition New Democracy leader Costas Karamanlis. The US defence secretary announced that his government planned to set up a commercial bureau in Thessaloniki with a view to participate in the reconstruction effort. Both men refused to be drawn into providing extensive details in their one- hour talks. Mr. Tsohatzopoulos made a general reference, saying that apart from bilateral issues, they had discussed a common effort for the stabilisation of the region, the situation in the Middle East and Mediterranean, which indicated that Greek-Turkish relations and the Cyprus issue were also included. The Greek minister added that there was an exchange of information on defence and military matters, which pointed to issues of terrorism and the modernisation of the Greek armed forces. Mr. Cohen referred to US and Greek troops being "side by side" in Kosovo, while Mr. Tsohatzopoulos described his US counterpart's visit as "political", as it coincided with the selection of Thessaloniki as the headquarters of the Balkan reconstruction a gency, and with the relevant efforts of the European Union and Washington. The Greek defence minister stressed the importance of consolidating security in the region, adding that because the integration of Balkan countries in the EU and NATO required time, there was need for regional cooperation. "Such an effort for the creation of conditions of security can be promoted through the establishment of an organisation of military cooperationIThe meeting today in Athens of the military and political committee of the peace force in SE Europe is the first step for the launching of this institution," he said. "This institution will strengthen the role of Greece and Thessaloniki as a centre for supporting the new process of democratisation, peace and development of the region," he added. Regarding the two men's visit earlier to USS "Kearsarge" off Thessaloniki's port - set to return US personnel who served in Kosovo back home - Mr. Tsohatzopoulos said it symbolised the cooperation of Greece as a primary representative of the EU in the r egion. In addition, Mr. Cohen did not appear to be annoyed by protesting Communist Party of Greece demonstrators, and was careful to distinguish, in response to questions, between sentiments of anti-Americanism in Greece during the Yugoslavia crisis and specul ation about likely terrorist attacks. "Those expressing their opposition with their voice cannot be confused with terrorists. Such expressions are welcome in democratic countries such as my own," he said. Responding to a question on Greece's armaments programme, Mr. Tsohatzopoulos said that in an especially antagonistic environment, the country needed to have a deterrent force and the programme would be implemented. Visit to helicopter carrier : While addressing the crew of the USS "Kearsarge", Mr. Cohen noted that the United States is the top military power in the world. He also expressed pride because "we are the sole superpower in the world and we are contributing to world peace and security." On his part, Mr. Tsohatzopoulos expressed satisfaction over the presence of US troops in the region which, just as in the case of the Greek forces, had the aim of contributing to the consolidation of peace in Kosovo. The US vessel will stay in the Aegean for about two weeks and then head to Haifa, Israel, before heading state-side. Mr. Cohen was due to attend a dinner given in his honour last night by Mr. Tsohatzopoulos on a yacht sailing in the Thermaikos Gulf. He will arrive in Athens today for talks with Prime Minister Costas Simitis, the foreign ministry's leadership and main opposition leader Costas Karamanlis. Athens News Agency[02] Kranidiotis touches on reconstruction organisation issue with CommissionBRUSSELS, 14/07/1999 (ANA - Y. Zitouniati)Athens expects the European Commission to assume its responsibilities and implement a political decision by the EU leaders to base a Kosovo reconstruction organisation in Thessaloniki, Alternate FM Yiannos Kranidiotis said here after meeting Commission President Romano Prodi and Commissioner Hans van den Broek.He added that Greece would submit reservations concerning draft operational regulations of the organisation, which the Commission had submitted before a recent Rio de Janeiro summit and which referred to Pristina as the base of the agency. "Greece cannot consent to the installation of the organisation in Pristina, " he said, while stressing Mr. van den Broek's assurance that "some solution would be found". Mr. Kranidiotis noted that all countries agreed on Thessaloniki, and that the only objections were raised by the Commission. Sources said Mr. van den Broek's objections were based on his estimate of the Greek city as "anti-economical," as it was not yet clear whether reconstruction would concern only Kosovo or the Balkans more generally. Mr. Kranidiotis was reported to have had "a cordial and interesting" discussion with Mr. Prodi on the Greek priorities regarding the EU, Cyprus' accession course, and relations between Turkey and the EU. Athens News Agency[03] Greek, Albanian and FYROM FMs to meet todayAthens, 14/07/1999 (ANA)Foreign Minister George Papandreou will leave for the Prespes lake district today to confer with his counterparts from Albania and the Former Yugoslav Republic of Macedonia (FYROM), Paskal Milo and Aleksander Dimitrov, respectively, within the framework of a relevant initiative by Athens.Talks between the three ministers will focus on issues of mutual interest as well as developments in the Balkans. According to reports, the Greek side wants these tripartite meetings to take place every six months. Athens News Agency[04] Tsohatzopoulos: Regional conditions needed to prevent crises turning into conflictsAthens, 14/07/1999 (ANA)It is necessary to formulate conditions for the prevention of crises developing into conflicts, National Defence Minister Akis Tsohatzopoulos underlined yesterday, as he opened an Athens meeting of the military- political committee of the SE Europe multina tional peacekeeping force.He also said that those who believe that there could be peace and security in Europe without ensuring security in the Balkans had made a "terrible mistake" Mr. Tsohatzopoulos said it was "particularly positive" that the international community, although delayed, was advancing a reconstruction programme for the entire Balkans so that the Balkan nations would be able to create conditions of democracy and fre edom and also of economic and social growth "in this transitional period they are going through after the security void created by the major changes in the early '90s". The committee is discussing matters concerning progress towards setting up the force's headquarters, a map exercise to be held at the end of the year, establishing the force's staff and its budget. The multinational force includes Greece, Italy, Turkey, Romania, Bulgaria, Albania and FYROM, with the United States and Slovenia participating as observers. Athens News Agency[05] Gov't denies any intent to negotiate over Turkey's EU statusAthens, 14/07/1999 (ANA)The government yesterday denied that Alternate Foreign Minister Yiannos Kranidiotis had made a statement dissociating Turkey's designation as a candidate for European Union accession from the fulfilment of conditions set at the most recent EU summit in Cologne.Denying that Mr. Kranidiotis had ever made such a statement to the Reuters news agency, government spokesman Dimitris Reppas said the alternate FM had constantly reiterated the positions of the Greek government on the issue "which have not changed and concern the fulfilment of all the preconditions by Turkey, which has no other way of being designated a candidate country". A Reuters despatch from Athens on Monday quoted Mr. Kranidiotis as saying that if Turkey failed to fulfil the criteria set and EU members still wanted to offer it formal candidacy, then Greece would allow it under two conditions. The first, according to Reuters quoting Mr. Kranidiotis, was a statement that Cyprus' EU accession would go ahead unhindered by a political solution being a prerequisite, and second, a public statement of solidarity from the EU concerning Athens' disput es with Ankara over territory in the Aegean. "In those circumstances Greece would also lift a long-standing veto on EU funds going to Turkey," Reuters quoted Mr. Kranidiotis saying. Replying to reporters' questions, Mr. Reppas said Cyprus' accession to the EU had nothing to do with Turkey or Turkey's relations with the Community. "The discussion on Cyprus' accession is going ahead as planned and cannot be undermined by the choices of third parties," Mr. Reppas said. The spokesman added that Greece had no intention whatsoever to enter into any kind of negotiations on this issue. Athens News Agency[06] Simitis attendance at ESP's Vienna summit announcedVIENNA, 14/07/1999 (ANA - D. Dimitrakoudis)Prime Minister Costas Simitis will eventually attend the Balkan summit to be organised here by the European Socialist Party (ESP) on July 22-23, it was announced yesterday.The main issues on the agenda will be economic and social development, democracy and human rights and security in the Balkan region. National Defence Minister Akis Tsohatzopoulos, as previously reported, will also attend the Vienna summit in his capacity as ESP vice-president. Among others, the summit will be attended by German Chancellor Gerhard Schroeder, Austrian Chancellor and host Viktor Klima, Albanian Prime Minister Pandeli Majko, Slovenian President Milan Kucan and Montenegrin President Milo Djukanovic. Also expected are socialist international president Pierre Mauroy, NATO Secretary General Javier Solana, British Foreign Secretary Robin Cook and Italian Foreign Minister Umberto Ranieri, as well as the European Union coordinators for Bosnia and Herzego vina. The coordination and formulation of the European socialists and social democrats' positions will be brought about at the Vienna summit in light of the EU's conference on stability in the Balkans, scheduled to take place in Sarajevo on July 30. Attending the recent meeting of ESP senior officials to prepare the summit, Mr. Tsohatzopoulos had said the cornerstone for every stability policy in the Balkans was safeguar-ding international borders and rejecting whatever revisory policy either in th e form of a territorial claim or in the form of secession. Athens News Agency[07] Olympiakos signs ZahovicAthens, 14/07/1999 (ANA)Olympiakos Piraeus has completed perhaps the most expensive transfer in the history of Greek soccer by signing 27-year old Slovenian attacking midfielder Zlatko Zahovic from Porto, Portuguese television media announced on Tuesday.The transfer is estimated to cost four billion drachmas, about the same as Olympiakos' signing of Brazilian international Giovani Silva de Oliveira from Barcelona last week. Zahovic was signed for three years, with an option for one more. Athens News Agency[08] Gov't dismisses reports of Milosevic request to visit GreeceAthens, 14/07/1999 (ANA)The government yesterday stated that reports from Belgrade claiming that Yugoslav President Slobodan Milosevic and his son had asked to visit Greece were groundless."It's the first time I've heard about it," said government spokesman Dimitris Reppas, when asked by reporters to comment. Asked if the Greek foreign ministry had rejected a request by Mr. Milosevic's son, Marko, to visit the country, Mr. Reppas replied that he knew nothing in this respect. Athens News Agency[09] New 2004 organising committee president to be announced on FridayAthens, 14/07/1999 (ANA)The prime minister will announce the name of the new Athens 2004 Olympics organising committee president on Friday to succeed Stratis Stratigis, who resigned last week.PM Costas Simitis discussed the issue during two-hour talks yesterday with Culture Minister Elizabeth Papazoi. According to reports, the return of Yianna Angelopoulos-Daskalaki, the president of the candidacy committee which won the 2004 Games, is very likely. Other candidates apparently include Agricultural Bank Governor Petros Lambrou and the secretary general of the Union of Greek Banks, Yiannis Manos. Replying to a question on the rates at which Olympic projects are being carried out, Ms Papazoi reiterated that the projects are one of the 27 programmes of "Athens 2004", adding that they are proceeding as normal. Athens News Agency[10] Right policy mix needed to cut inflation, Papademos saysAthens, 14/07/1999 (ANA)Lowering average inflation to 2.5 percent in 1999 will need the right mix of fiscal and monetary policies, Bank of Greece governor Lucas Papademos said yesterday.Speaking to reporters following a routine two-hour meeting with National Economy and Finance Minister Yiannos Papantoniou to review inflation, Mr. Papademos said that rising oil prices were an unpredictable factor, but there was no leeway to reduce fuel tax. Referring to measures being considered by the central bank on monetary policy, he said that a report on June's credit expansion would be ready in two weeks time. The data would show whether or not supplementary measures were needed. If any new measures to contain consumer and housing loans were taken, then banks, which should finance the cost of their business plans, would face higher costs, the central bank governor said. Mr. Papademos reiterated that the central bank would not cut its interest rates until there was concrete evidence of a substantial fall in inflation. Commenting on recent developments in the banking system, and in particular a fierce battle to acquire Ergobank, the central bank governor said the Bank of Greece was closely monitoring developments and the possible repercussions on institutions involved in the takeover battle. He said that the Bank of Piraeus' offer for Ergobank incorporated a stock swap that reflected current market conditions. Mr. Papademos said, however, that the central bank would evaluate Bank of Piraeus' bid to acquire a 50.1 percent stake in Ergobank on the basis of the former's capital adequacy, if the offer was accepted. Both banks are listed on the Athens Stock Exchange. Athens News Agency[11] Outcome of banking takeover battle by August 4Athens, 14/07/1999 (ANA)The outcome of a struggle between Bank of Piraeus and EFG Eurobank for the acquisition of Ergobank will be known by August 4 following a decision yesterday by the Athens Stock Exchange.The bourse's board extended the deadline for a response by shareholders to Bank of Piraeus' offer in order to leave more time for study of its details. The share swap arrangement proposed was a counter-offer by Bank of Piraeus to EFG Eurobank's hostile takeover bid for Ergobank. Ergobank's management supports Bank of Piraeus' share swap proposal, and has advised its shareholders to spurn that of EFG Eurobank. As a result of yesterday's bourse decision, the two banking groups have until July 29 to make any fresh offers. Bank of Piraeus has offered 3.75 of its shares plus 15,000 drachmas in cash for each Ergobank share. EFG Eurobank offered 2.2 of its shares plus 4,000 drachmas in cash for each share of the target bank. All three banks involved in the takeover bid are private and listed on the Athens bourse. Athens News Agency[12] Stocks fall with players on the sidelinesAthens, 14/07/1999 (ANA)Equity prices ended yesterday's session moderately lower reflecting a reluctance by investors to open new positions in the market ahead of developments in a takeover battle between EFG Eurobank and Bank of Piraeus to acquire Ergobank.All three banks are listed on the Athens Stock Exchange. The general index ended 0.42 percent lower at 4,241.71 points supported by small gains in the banks index, which ended 0.33 percent higher. Turnover was 157.515 billion drachmas with 23,833,917 shares changing hands. Other sector indices ended as follows: Leasing (-1.98 pct), Insurance (- 0.30 pct), Investment (-0.67 pct), Construction (-2.46 pct), Industrials (- 0.98 pct), Miscellaneous (-0.40 pct) and Holding (-0.29 pct). The parallel market index for smaller capitalisation stocks ended 0.19 percent higher while the FTSE/ASE 20 index for heavily traded stocks and blue chips fell 0.21 percent to 2,489.84 points. Broadly, decliners led advancers by 190 to 102 with another seven issues unchanged. Ergo Invest, Intersat, Bank of Piraeus and Ergobank were the most heavily traded stocks. Alpha Credit Bank, Piraeus Bank, National Bank and Intersat led the day's turnover. A total of 21 issues ended at the day's 8.0 percent limit up. National Bank of Greece ended at 20,400 drachmas, Alpha Credit Bank at 20, 540, Ergobank at 42,480, Bank of Piraeus at 9,280, Titan Cement at 30,895, Hellenic Petroleum at 2,810, Intracom at 18,880, Minoan Lines at 5,800, Panafon at 8,570 and Hellenic Telecoms at 6,590. Bond prices rise, euro edges up : Bond prices in the secondary market yesterday gained around 100 basis points, aided by sentiment after the euro edged up in markets abroad. Electronic trade totalled 74 billion drachmas from 13 billion drachmas in the previous session and 167 billion drachmas on Friday. The ten-year bond resumed trading at par at 100.0 to show a yield of 6.40 percent from 6.41 percent in the previous session and 6.39 on Friday. The yield spread over German bunds was 170 basis points from 166 basis points a day earlier and 167 basis points on Friday. Reuters news agency quoted a Deutsche Bank analyst as saying that Greek bonds were bargains compared with Spanish and Italian paper, based on the Greek economy's long-term fundamentals. At the central bank's daily fix, the euro nosed up against the drachma. It was set at 324.900 drachmas from 324.850 drachmas in the previous session. Athens News Agency[13] Car sales in Greece up 50.2 pct in JuneBRUSSELS, 14/07/1999 (ANA/M.Spinthourakis)The sale of new cars in Greece rose by 50.2 percent in June against the same month of 1998, the Union of European Car Industries said yesterday.The rise was the highest among the European Union's 15 member states, whose average was 11.1 percent. The most popular car manufacturers in Europe on the basis of sales were Volkswagen, followed by General Motors and Peugeot. Athens News Agency[14] State telecom okays Bulgaria dealAthens, 14/07/1999 (ANA)The board of Hellenic Telecommunications Organisation (OTE) yesterday unanimously endorsed a deal for the listed corporation and KPN of the Netherlands to purchase 51 percent of BTK, Bulgaria's state telecom.The deal, forged on July 9, includes rights to Bulgaria's second mobile phone licence. The cost of the purchase is 510 million dollars. OTE and KPN are planning to invest another 200 million dollars to expand the network. Athens News Agency[15] Winner named for Egnatia Way projectAthens, 14/07/1999 (ANA)A consortium comprising domestic engineering contractors Michaniki, Avax, Athena and Mohlos was named yesterday as the winner of a tender to build a section of the Egnatia Way.The 15-kilometre section links Anthohori and the Metsovo junction. It includes the construction of five tunnels totalling around 7.5 kilometres in length. The Egnatia Way is a major highway being built to link the country's northeast and northwest. The road is being tendered in sections. Athens News Agency[16] Athens Foreign ExchangeAthens, 14/07/1999 (ANA)Bank of Greece closing rates of: July 14, 1999Parities in Drachmas Banknotes Buying Selling US Dollar 316.904 324.252 Can.Dollar 214.034 218.996 Australian Dlr 210.086 214.957 Pound Sterling 493.004 504.435 Irish Punt 409.238 418.726 Pound Cyprus 559.607 572.582 Pound Malta 738.415 769.182 Turkish pound (100) 0.065 0.068 French franc 49.135 50.274 Swiss franc 201.024 205.685 Belgian franc 7.990 8.175 German Mark 164.790 168.611 Finnish Mark 54.207 55.464 Dutch Guilder 146.254 149.644 Danish Kr. 43.338 44.343 Swedish Kr. 36.926 37.782 Norwegian Kr. 39.706 40.626 Austrian Sh. 23.422 23.965 Italian lira (100) 16.646 17.032 Yen (100) 260.598 266.641 Spanish Peseta 1.937 1.982 Port. Escudo 1.608 1.645 Foreign Exchange Buying Selling New York 316.904 324.252 Montreal 214.034 218.996 Sydney 210.086 214.957 London 493.004 504.435 Dublin 409.238 418.726 Nicosia 559.607 572.582 Paris 49.135 50.274 Zurich 201.024 205.685 Brussels 7.990 8.175 Frankfurt 164.790 168.611 Helsinki 54.207 55.464 Amsterdam 146.254 149.644 Copenhagen 43.338 44.343 Stockholm 36.926 37.782 Oslo 39.706 40.626 Vienna 23.422 23.965 Milan 16.646 17.032 Tokyo 260.598 266.641 Madrid 1.937 1.982 Lisbon 1.608 1.645 Athens News Agency[17] Government says Ecevit's views do not conform with international lawNICOSIA, 14/07/1999 (CNA/ANA)Turkey's medieval views regarding the solution of international issues with the use of force do not conform with international law, government spokesman Costas Serezis said here yesterday.Commenting on statements made on Monday by Turkish Prime Minister Bulent Ecevit, Mr. Serezis noted that Mr. Ecevit himself had ordered Turkish troops to invade Cyprus in 1974 and occupy 37 per cent of its territory, an act which was internationally cond emned. The Turkish politician "expresses views which do not conform either with international law nor with the way in which states think in the 20th century," the spokesman added. "The medieval theory that one country has the right, through the use of force to solve international issues," Mr. Serezis said, is "something which should concern Europe, if it wants Turkey to join its ranks." Mr. Ecevit claimed on Monday that the Cyprus problem was solved with the Turkish invasion of 1974. Mr. Serezis said that if this was the case, then "why are UN, the European Union, the Group of Eight, the Non-Aligned Movement and the Commonwealth" involved in efforts to solve the longstanding Cyprus problem. He said why then the European Court of Human Rights issues verdicts against Turkey for violating human rights in Cyprus. The Cypriot official further noted that because of the prolongation of the Cyprus problem, the Turkish Cypriot population also suffer because of the unbearable conditions created in the areas occupied by Turkish troops since 1974. He said many of the Turkish Cypriots staying in the occupied areas are forced to emigrate for another reason; Turkey's designs to change the island's demographic character. Before the Turkish invasion there were some 120,000 Turkish Cypriots, making 18 per cent of the island's population. According to Turkish Cypriot press reports there are now less than 60,000 Turkish Cypriots in the occupied areas. Turkey has implanted more than 80,000 Turkish colonist settlers in those areas, in addition to 35,000 heavily armed Turkish soldiers. Athens News AgencyAthens News Agency: Daily News Bulletin in English Directory - Previous Article - Next Article |
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