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Athens News Agency: Daily News Bulletin in English, 02-09-19

Athens News Agency: Daily News Bulletin in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

September 19, 2002

CONTENTS

  • [01] Central bank boss wants greater banking transparency for customers
  • [02] FM Papandreou says Thrace is being transformed into a major hub
  • [03] Athens welcomes 'calm and democratic' elections in FYROM
  • [04] Gov't spokesman: Turkey's progress toward EU depends on its own choices
  • [05] ND leader Karamanlis holds talks with EU Enlargement Commissioner Verheugen
  • [06] U.S. State Department spokesman comments on Powell-Papandreou talks
  • [07] KKE leader criticizes government's policy on Iraq
  • [08] ND leader addresses Eurodeputies' event
  • [09] Mitsotakis slams PASOK Secretary after Mayo case collapses
  • [10] First 'N17' woman suspect transferred to prison
  • [11] Coalition leader seeks 'even playing field' for smaller parties in local polls
  • [12] Balkan justice ministers to meet in Kastoria
  • [13] Mayors of the World summit to take place in Athens
  • [14] Amnesty International says torture continuing in Turkey
  • [15] No new measures to contain prices, gov't says
  • [16] EU okays gov't support for Greek farmers hit by bad weather
  • [17] Greek inflation among four highest rates in EU in August
  • [18] Greek tourism to be jointly advertised with ETC
  • [19] Website launched to promote Greek stock market abroad
  • [20] ASE ends below 1,900 support level
  • [21] Ministers' meeting focuses on Olympic Games communication strategy
  • [22] New York mayor to tour Olympic Games facilities
  • [23] Athens district of Peristeri to host boxing event at 2004 Olympic Games
  • [24] Lesperoglou acquitted in 4-3 appellate court decision
  • [25] Development minister opens seminar on democracy and globalization
  • [26] Israeli teens to visit Greece next week
  • [27] Gov't again rules out cash support for football teams
  • [28] Culture minister toughens sports bill
  • [29] Kasoulides discusses Cyprus problem with US envoy
  • [30] Chief negotiator calls for vigilance regarding reports on Cyprus
  • [31] OIC coordination meeting adopts Khartoum reference on Cyprus

  • [01] Central bank boss wants greater banking transparency for customers

    Athens, 19/09/2002 (ANA)

    The newly appointed central bank governor, Nikos Garganas, said on Wednesday that he wanted commercial banks to show greater transparency in their business with customers, sources said.

    He also called on banks to adhere to the terms of a year-old law on penalties for overdue loans, a matter that had caused widespread public discontent, the same sources said.

    Garganas, who asked banks to improve their act and their image, was hosting a working luncheon for leaders of the Union of Greek Banks.

    He added that the Bank of Greece, or central bank, would shortly issue a decree to amend legislation on composite investment products in order to make them easier to comprehend by the general public, and enable comparison.

    Concerning overdue loans, banks should make clear to customers when their payments would be deemed outstanding, and what the penalties were, Garganas was quoted as saying.

    [02] FM Papandreou says Thrace is being transformed into a major hub

    Athens, 19/09/2002 (ANA)

    ''Thrace will be a pioneer and lead Turkey and Bulgaria to a European course,'' Foreign Minister George Papandreou said on Wednesday.

    Speaking in Xanthi, northern Greece, he stressed that ''it is a country of the region which was isolated and underdeveloped and really almost forgotten.''

    The minister, who concluded a two-day tour of Thrace on Wednesday, added that ''with many efforts which successive governments have made, and of course the present one, we have seen significant improvements which slowly but surely make Thrace a model of very good cooperation in a multi-cultural environment.''

    Papandreou further noted that ''with the up to now contacts between Athens and Ankara, a climate has been shaped which will also contribute to cooperation in the energy sector. There will be an energy hub which will link Greece with Turkey, but also our country with Italy and regions of the Balkans. On the other hand, with the Egnatia Highway, a transport link is being created with the neighboring country.''

    Speaking in Alexandroupoli on Tuesday night, Papandreou said that ''in Thrace we have the privilege of saying that our country is now on a stable course of peace and cooperation in the broader region but also of economic stability and development regarding the Greek citizens.''

    The foreign minister noted that ''within the international environment, our country is daily acquiring an eminent position and this difference is becoming apparent in Thrace. It is a historic conjuncture for the region, which following the opening to the north with the candidacies of Bulgaria and Romania and the stability in the western Balkans, but also the new developments in Turkey's European course, Thrace is acquiring a very important role and is being transformed into a transport, energy, tourism and development hub''.

    [03] Athens welcomes 'calm and democratic' elections in FYROM

    Athens, 19/09/2002 (ANA)

    Greece was satisfied with the "calm and democratic" manner in which parliamentary elections were carried out in the neighboring Former Yugoslav Republic of Macedonia (FYROM), foreign ministry spokesman Panos Beglitis said on Wednesday.

    He also praised the "mature and responsible" stance shown by the neighboring republic's political forces and the people during the polls.

    Beglitis reiterated that Greece was FYROM's strategic partner and would continue to contribute to stability and growth in the neighboring country through multi-faceted bilateral cooperation and by promoting its Euro-Atlantic prospects.

    [04] Gov't spokesman: Turkey's progress toward EU depends on its own choices

    Athens, 19/09/2002 (ANA)

    Athens on Wednesday called on Turkey to meet its commitments to the European Union, among which was its assistance in achieving a solution to the Cyprus problem, in order to make progress in its relations with the EU.

    Government spokesman Christos Protopapas stressed that Greece had no intention of contributing to a crisis in EU-Turkey relations but stressed that Turkey's future progress toward the EU was directly dependent on the choices it made.

    The spokesman was commenting on reports from Brussels, according to which the EU judged that no date for Turkey's accession negotiations could be given at this time.

    [05] ND leader Karamanlis holds talks with EU Enlargement Commissioner Verheugen

    BRUSSELS 19/09/2002 (ANA - G. Zitouniati)

    The European Commission's report on the candidate countries for EU accession, among them being Cyprus, was discussed here on Wednesday between Greece's main opposition New Democracy (ND) party leader Costas Karamanlis and EU Enlargement Commissioner Guenter Verheugen.

    Karamanlis, who is in the Belgian capital to attend the meeting of the presidium of the European Peoples' Party - in which he is participating as vice-president - stressed that the ND warmly supports the EU's enlargement with the ten countries and that Cyprus' entry constitutes a decisive step which should be made on the basis on what has been agreed upon, without discriminations and footnotes.

    Referring to the EU's enlargement, the ND leader also made special mention to issues concerning the distribution of EU funds which this entails, at the same time underlining that for the citizens of Greece and Cyprus the objective remains for a real convergence with the other EU countries.

    According to diplomatic sources, Verheugen assured Karamanlis that the climate for Cyprus' entry is favorable and that the European Commission has no intention of accepting Turkey's ''tricks'' which would create problems in the enlargement at the last moment.

    An ND press release in Athens said that following his meeting with Verheugen, Karamanlis stated that the two men discussed the report which the European Commission will submit on October 9 on which countries it will include.

    ''We, of course, as is known, warmly support the prospect of enlargement as the big step for the final reunification of Europe.

    And of course, the accession of ten new member-states, including the Republic of Cyprus, is a decisive step towards European integration. An accession, which must be made by adhering to what has been agreed upon, without exclusions, without footnotes and exceptions at the last moment,'' Karamanlis said in his statement.

    ''It is also certain that as the European family is growing, there are certain problems which must be dealt with. I remind that the matter of funds and the procedure for decision taking must be dealt with in depth and with care. In every case, we believe that the objective for the European Union is the real convergence. We believe that the citizens of Greece and Cyprus have the right and must have the security and prosperity which the other European citizens enjoy,'' the ND leader concluded.

    [06] U.S. State Department spokesman comments on Powell-Papandreou talks

    WASHINGTON 19/09/2002 (ANA - T. Ellis)

    The campaign against international terrorism, the handling of the Iraq issue, the Greek presidency of the European Union in the first half of 2003 and the Cyprus issue in combination with Europe-Turkey relations were the main topics which U.S. Secretary of State Colin Powell discussed with Greek Foreign Minister George Papandreou in New York on Monday, U.S. State Department spokesman Richard Boucher said on Wednesday.

    The two ministers also agreed ''to work very closely,'' for Euroatlantic relations after the undertaking by Greece of the EU presidency, the spokesman said.

    Boucher noted that Powell ''congratulated the Greek government and the foreign minister'' for the eradication of the ''November 17'' terrorist group.

    ''The secretary and Greek Foreign Minister Papandreou had a good discussion on Monday. They did spend part of the meeting together one on one. So I wasn't there at that part,'' the U.S. State Department spokesman said.

    ''We then had a slightly larger meeting with the foreign minister and various Greek officials. I think they talked about the fight against terrorism, both in the one on one and in the larger meeting. And the secretary congratulated the Greek government and the foreign minister on their breaking up of the November 17 group, which has been especially violent,'' Boucher added.

    ''They talked quite a bit in various ways about the Greek presidency of the European Union that's coming up. The Greek foreign minister, the secretary, already have a fairly active relationship in terms of their meetings and on the telephone, but both promised to, I think, work very, very closely together as Greece assumes the presidency of the European Union coming next year, starting in January,'' Boucher further said.

    ''They discussed the Middle East, the situation in the Middle East, the quartet meeting that was about to take place, and the opportunities there. Talked about Iraq and pursuit of a new resolution and the need to remain together and steadfast. They discussed the situation with Cyprus and the situation regarding Turkey and the European Union, which is coming up again this fall in Copenhagen,'' the U.S. State Department spokesman concluded.

    [07] KKE leader criticizes government's policy on Iraq

    Athens, 19/09/2002 (ANA)

    Communist Party of Greece (KKE) Secretary General Aleka Papariga on Wednesday criticized the government's tactic on Iraq, saying that on the one hand the government hopes a war will not take place and on the other states it will provide the country's military installations and all means for a military strike against a people.

    Papariga, who was speaking at a press conference in Larissa, central Greece, said such a war will create serious complications in the Aegean and for the Cyprus issue, either immediately or in the medium term.

    Addressing an outdoor rally in the evening, Papariga referred to next month's local elections and called on voters to consider the mayors and prefects of the two mainstream parties on the basis of what they have done to address the major problems of workers, employees, farmers and people belonging to low and middle income brackets.

    Papariga also said that ''local authorities should struggle against poverty and not for its beautification with the EU's pseudo-programs which concern a few and last a short while'' and mentioned the 'Help at Home' program as being one of them.

    [08] ND leader addresses Eurodeputies' event

    BRUSSELS 19/09/2002 (ANA - Y. Zitouniati)

    Main opposition New Democracy party leader Costas Karamanlis addressed an event organized by his party's Eurodeputies at the European Parliament's building here on Wednesday night, placing emphasis on the concept of a ''Europe for all.''

    ''Europe of prosperity for all means that we are pursuing real convergence decisively. Our country has lost great opportunities during its participation in the EU. Today, we are last in income and standard of living among all Europeans,'' he said.

    Karamanlis criticized preparation for the European Union's Greek Presidency, in the first half of 2003, saying that the government is orientated towards giving it a mere handling character.

    He added that Greece is preparing to assume the presidency of the most ambitious power of the 21st century with tools of the decade of the '90s.

    However, Karamanlis added that the Greek presidency is providing the opportunity for all Greeks to join forces.

    [09] Mitsotakis slams PASOK Secretary after Mayo case collapses

    Athens, 19/09/2002 (ANA)

    Veteran politician and former premier Constantine Mitsotakis, the honorary president of main opposition New Democracy, on Wednesday launched a stinging attack on PASOK Secretary Costas Laliotis after a higher-level prosecutor again threw out charges that Mitsotakis had raised illegal campaign funds through an offshore company called Mayo Investment Corp.

    A public prosecutor closed the case for the second time on Tuesday, saying that his investigation had revealed no impropriety.

    Mitsotakis noted that Laliotis would now be labeled as the political slanderer he was through the libel suit brought against him by Mitsotakis, which was still pending.

    He stressed that New Democracy had voluntarily granted the prosecutor permission to investigate the movement of the account involved, which he was not entitled to look into by law. According to the former premier, the account had been used by ND to collect legal campaign funds from the party's supporters in London.

    He then called for an investigation into the contract for the new Athens airport at Spata signed by a PASOK government, as well as of the management of PASOK funds to clear up apparent discrepancies in pre-electoral spending.

    As an example, he noted that ND had spent two billion drachmas to shuttle 150,000 voters to their voting districts, while PASOK had claimed to have spent only 900 million drachmas to move nearly twice that number. He called on the ruling party to voluntarily give its books for inspection as ND had done, in order to prove that there were no financial irregularities.

    In an interview with the Greek daily "Apogevmatini", meanwhile, ND's honorary president again called for answers regarding two bombs placed at pre-electoral rallies where he was to speak at Katechaki Square and on Lesvos and for a full investigation of links between terrorism and the armed forces, which he said had been infiltrated. He also indirectly implied links between terrorism and PASOK, noting that the officer in charge of the Riankour street fiasco involving November 17 had been discharged by ND but then given a cushy job at the racetrack when PASOK returned to power.

    Regarding the government's present efforts against terrorism, he said the authorities had broken up the operations branch of ''N17'' but had not moved on to those who made the decisions.

    The categorical assurances from Prime Minister Costas Simitis and Public Order Minister Mihalis Chrysohoidis that the investigation would go all the way were encouraging, he added, but he also noted that it would require great courage and willingness to take on the political cost.

    Gov't reaction: Responding to Mitsotakis' statements on terrorism, government spokesman Christos Protopapas again stressed that the government would take the investigation as far as it would go and said the authorities would welcome any evidence in the case.

    He warned against mere speculation, however, while he slammed arguments implicating links between PASOK or its precursor PAK with terrorism as ''unfortunate and dangerous''.

    Regarding Mitsotakis' claim that the armed forces had been infiltrated by terrorism, he called on the former premier to submit evidence that this was so.

    He also noted that there were cases linked to the activity of earlier terrorist groups, such as May 1 or ELA, that had not yet been investigated.

    In response to questions, he said the Greek government had lodged a request with German authorities to be given files collected by the former East German intelligence agency Stazi concerning the fight against terrorism.

    While the request had not been denied, he added, it was still outstanding in spite of repeated verbal demands from Greece.

    [10] First 'N17' woman suspect transferred to prison

    Athens, 19/09/2002 (ANA)

    The first woman arrested in connection to “November 17” terrorism charges was transferred to an Athens-area prison late Wednesday morning, following a snap appellate court council decision a day earlier backing up a prosecutor’s recommendation that she be jailed pending trial.

    Angeliki Sotiropoulou, 40, was transported to the women’s wing of Korydallos prison after remaining overnight at the main police headquarters in central Athens. She joins another 16 “N17” suspects being held at Korydallos, including her long-time companion and ex-husband, alleged top terrorists Dimitris Koufodinas and Savvas Xiros, respectively.

    Sotiropoulou, listed as a professional beekeeper, was arrested last week after authorities announced that her fingerprints were lifted from two “N17” safe houses raided by police. She remained jailed, then provided some six hours of testimony to an investigating magistrate before being set free late Saturday pending trial due to the disagreement by judicial officials. Tuesday’s appellate council decision commenced the reverse countdown for her second arrest.

    According to prison authorities, Sotiropoulou will be housed in a one-person cell similar to the specially renovated ones used for most of the other “N17” suspects.

    However, she will not be allowed contact with Koufodinas, “N17’s” alleged recruiter, treasurer and prolific assassin, among others, and the man who eluded police for two months before surrendering in early September.

    Media asked to stop coverage of N17 suspect's underage son: Greece's independent broadcasting regulator, the National Radio and Television Council, on Wednesday issued a circular asking all television stations to stop covering the movements of the 12-year-old son of "November 17" suspect Angeliki Sotiropoulou, the first woman charged in connection with the group who was led to Korydallos prison earlier in the day.

    Sotiropoulou is married to top N17 suspect Dimitris Koufodinas and gave birth to her son while married to another N17 suspect, Savvas Xiros. Following her re-arrest on Tuesday evening, both the boy's parents and his stepfather are currently in jail facing trial on terrorism-related crimes.

    The media watchdog, whose members are appointed by Parliament, noted that TV channels were broadcasting the underage boy's movements and commenting on his family situation. This coverage and comments concerned the young boy's private life and could seriously harm his moral development, the council's announcement said.

    Committee monitors counter-terrorist law: A special committee of Athens Bar Association officials, responsible for addressing issues related to the implementation of the counter-terrorist law, convened on Wednesday to examine matters already linked to this law.

    In the coming week the committee will be giving its opinion on five issues falling under its jurisdiction and concerning the alleged members of the November 17 organization already being held in custody at the Korydallos prison.

    The issues concern the inmates' communication with third parties, communication between inmates and defense lawyers, their conditions of detention and isolation as members of 17N, matters regarding lawyers' ethics and the inmates' communication with relatives.

    [11] Coalition leader seeks 'even playing field' for smaller parties in local polls

    Athens, 19/09/2002 (ANA)

    Coalition of the Left and Progress party leader Nikos Constantopoulos on Wednesday asked Interior Minister Costas Skandalidis to even the playing field for the smaller parties in local government elections, in terms of campaign spending and media coverage.

    In a strong protest, Constantopoulos stressed that there were more than just two parties in the election race and asked that the same measures applying to parliamentary elections also apply to local government polls.

    These included controls on candidates' campaign spending, equal promotion of all combinations, a ban on television ads and regulation of state and private media.

    Skandalidis said the ministry intended to incorporate such measures in a new bill. In the meantime, he added, it had asked all candidates to publish their campaign contributions and spending in the local press for reasons of transparency and promised that the government would exert its influence on the state media to ensure that all the parties got equal coverage.

    [12] Balkan justice ministers to meet in Kastoria

    Athens, 19/09/2002 (ANA)

    The justice ministry will be organizing the first meeting of Balkan justice ministers in Kastoria, northern Greece, on September 21, 2002.

    The meeting will be taking place on the occasion of the 2nd Inter-Balkan Jurists' Conference, taking place in the same city on September 20-21, and the founding of the Balkan Jurists' Federation, whose charter will be signed on September 21.

    The Balkan Federation of Jurists is being founded at the initiative of the Movement for Peace, Human Rights and National Independence (KEADEA), a Greek non-governmental organization active in promoting peace and human rights issues.

    [13] Mayors of the World summit to take place in Athens

    Athens, 19/09/2002 (ANA)

    The Mayors of the World summit, organized by the Athens municipality, will begin at the Old Parliament building on Friday, while present at the event will be the mayors of New York, Washington, Havana and cities of Israel and Palestine.

    Issues to be discussed by the 40 mayors of various cities will concern the upgrading of the international role played by cities and the promotion of the new Metropolitan role of Athens in light of the 2004 Olympic Games.

    The Charter of Athens for the Diplomacy of cities and the Proclamation of Athens for Olympic Solidarity will be signed during the event.

    New York Mayor Michael Bloomberg and Washington Mayor Anthony Williams will be received by President Kostis Stephanopoulos at noon on Thursday. They will be accompanied by Athens Mayor Dimitris Avramopoulos. The rest will be visiting him in the evening.

    [14] Amnesty International says torture continuing in Turkey

    BRUSSELS 19/09/2002 (ANA)

    The practice of systematic torture is continuing in Turkey, according to a report by Amnesty International publicized here on Wednesday.

    The organization delivered its report to Commissioner responsible for enlargement Guenter Verheugen and to the delegations of all member-states.

    Amnesty International called on the European Union to make an in-depth investigation, in light of enlargement, on whether recent positive reforms in Turkey regarding human rights constitute a daily practice.

    The report includes summaries of cases investigated by the organization concerning torture experienced by over 60 people in Turkey during the period between January and June 2002.

    It also includes a list of torture methods observed in Turkey, such as electroshocks, hanging from the hands and sexual abuse and adds that torture methods leaving no signs have been developed in 2002.

    [15] No new measures to contain prices, gov't says

    Athens, 19/09/2002 (ANA)

    The government said on Wednesday that it had no plans for new measures to help contain a wave of consumer price hikes since April.

    Instead, it would focus on existing plans to state indicative prices on products including bottled water; create a price monitoring agency; step up inspections to curb profiteering; order a mandatory issue of invoices at all stages of trade in farm produce; and launch a name-and-shame campaign for firms caught profiteering.

    Speaking to reporters after a meeting on price rises were Finance Minister Nikos Christodoulakis and Development Minister Akis Tsohatzopoulos.

    Christodoulakis said that price hikes had been noted in certain categories of products and services, in part due to rising fuel prices and in part due to a lack of competition in those sectors.

    He added that a proposal to reduce fuel tax for industries was not being considered at present; and that a ceiling on fuel prices was legally permissible in a time of crisis.

    Tsohatzopoulos told reporters that Greece was well stocked with oil should a fresh crisis erupt in the Middle East.

    Replying to questions, both ministers denied that they had disagreed on an approach to price control.

    [16] EU okays gov't support for Greek farmers hit by bad weather

    Athens, 19/09/2002 (ANA)

    The European Union's executive Commission on Wednesday approved the award of Greek government funds totalling 171.6 million euros to farmers and fishermen who incurred losses due to adverse weather in the winter of 2001-2002.

    The monies are to be used for recovery projects and to subsidise lost income, with the hard winter's impact also likely to be felt in coming years.

    [17] Greek inflation among four highest rates in EU in August

    Athens, 19/09/2002 (ANA)

    Greek inflation rose to 3.8 percent in August, from 3.6 percent in July, remaining among the four highest inflation rates in the European Union, Eurostat said on Wednesday.

    The EU executive's statistics agency, in its monthly report, said that Ireland (4.5 percent), Portugal (3.9 percent), Greece and the Netherlands (3.8 percent respectively), recorded the highest inflation rates in the EU-15 in August, while Germany and UK (1.0 percent respectively) and Belgium (1.3 percent), the lowest rates.

    Eurostat said annual inflation rose to 2.1 percent in the eurozone in August, from 1.9 percent in July and compared with 2.4 percent in the same month last year. Inflation in the EU-15 also rose to 1.9 percent in August from 1.8 percent in July and 2.4 percent last year.

    Spain, Italy and Ireland saw their inflation rates rise in August, compared with the same month last year, while Germany, Belgium and Sweden recorded declines over the same period.

    UK (1.2 percent), Germany (1.5 percent, and Luxembourg (1.7 percent) recorded the lowest average inflation rates in the last 12 months, while Ireland (4.5 percent), the Netherlands (4.4 percent) and Greece (3.8 percent) recorded the highest average rates.

    Annual inflation rose to 0.5 percent, from -0.1 percent, in Switzerland in August.

    [18] Greek tourism to be jointly advertised with ETC

    Athens, 19/09/2002 (ANA)

    Greek Tourist Organization (EOT) President Yiannis Patellis, concluding a tour of the United States and Canada, announced on Wednesday that EOT's joint advertising (co-op) program with the European Travel Commission and Delta Airlines will begin to be implemented on the CBS television channel.

    Patellis said EOT will participate, with its own pavilion promoting Greece, in the specialized exhibition ''Meeting and Incentives IT and ME'' in Chicago on September 24-27 and then in the Salon International exhibition in Montreal on October 24-27.

    During his contacts with Tourist officials in Canada, he presented Greece's strategy of penetrating the tourist market on the other side of the Atlantic with advertising.

    [19] Website launched to promote Greek stock market abroad

    Athens, 19/09/2002 (ANA)

    A website to promote the Athens Stock Exchange abroad was launched on Wednesday on www.invest-in-gcm.com.

    The site, which belongs to Hellenic Exchanges SA, the bourse's holding company, was designed by e2b.gr.

    [20] ASE ends below 1,900 support level

    Athens, 19/09/2002 (ANA)

    Greek stocks continued their free-fall for one more session on Wednesday pushing the general index below the 1,900 level for the first time in more than four years.

    Traders said the situation in the Greek bourse was disappointing and noted that a negative climate in international markets further burdened a negative climate in the domestic market.

    The general index dropped 1.79 percent to 1,898.49 points, with turnover an improved 100 million euros.

    All sector indices ended lower with the Publication, IT Solutions and Investment sectors suffering the heaviest percentage losses of the day (3.29 percent, 3.17 percent and 3.12 percent, respectively).

    The FTSE/ASE 20 index for blue chip and heavy traded stocks fell 1.85 percent, the FTSE/ASE MID 40 index ended 1.68 percent lower and the FTSE/ASE SmallCap 80 index dropped 2.26 percent.

    Broadly, decliners led advancers by 302 to 37 with another 24 issues unchanged.

    The most heavily traded stocks in value were Hellenic Telecommunications Organization, Commercial Bank of Greece, Axon, Informatics, and Football Pools Organization.

    Derivatives Market Close: Turnover at 147.7 mln euros Wednesday

    Equity Index Futures:

  • FTSE/ASE-20 (high cap): At discount

  • Underlying Index: -1.85 percent

  • FTSE/ASE-40 (medium cap): At premium

  • Underlying Index: -1.68 percent

    Stock Futures:

  • Most Active Contract (volume): Alpha Bank (1,198)

    Day's Market Turnover: 147.7 mln euros

    Bond Market Close: Prices mixed on Wednesday

    Greek Benchmark 10-Year Bond

  • Yield: 4.67 pct

  • Spread over German bund: 33 bps

  • Day's Market Turnover: 3.1 bln euros

  • Most Active Bond: 5-yr (521 mln euros)

    [21] Ministers' meeting focuses on Olympic Games communication strategy

    Athens, 19/09/2002 (ANA)

    The 2004 Athens Olympic Games' communication strategy was examined during a ministers' meeting chaired by Prime Minister Costas Simitis on Wednesday, who expressed absolute satisfaction over systematic work being done at work sites.

    ''The projects are going ahead and the effort is being completed,'' Simitis said, adding that ''the fact that for all installations care has been taken for the best possible post-Olympic use and utilization of these projects is very important.''

    Simitis, who has already visited work sites in Marousi, Nikaia and Irakleio, said he will visit more Olympic projects in the Attica prefecture and the cities of Thessaloniki, Volos and Patra.

    He also referred to the next visit to Athens by the International Olympic Committee's (IOC) Coordinating Committee on November 6-8, saying that it will be important since its results will also be communicated to the IOC's session in Mexico at the end of November.

    Speaking at the meeting, Deputy Press Minister Telemahos Hytiris referred, as the relevant coordinator, to the communication policy in light of the Olympic Games.

    He said the Games will be Games of peace and cooperation and mentioned the Olympic Truce which spearheads the foreign ministry's campaign.

    Hytiris said communication policy is appealing to all Greeks and went on to add that the Olympic Games are an exclusively national issue and will be treated as such in the communication sector.

    During the ensuing dialogue, Simitis reportedly agreed with Athens 2004 Coordinating Committee (ATHOC) President Gianna Angelopoulos Daskalaki that communication strategy should contain a spirit of mutual understanding and cooperation to benefit the Games.

    Daskalaki also proposed a single identity in the communication sector, such as the use of advertising spots, etc.

    The first advertising spots will begin being shown in early November and, according to reports, they will focus their message on the Games' return to Greece and that Athenians should be patient until projects are completed.

    Daskalaki further announced that 11 cruise ships having a total capacity of 13,000 people have already been secured to host members of the Olympic family in the port of Piraeus.

    The most luxurious and most technologically advanced cruise ship in the world, the five-star Queen Mary II, will dominate the port with its presence during the Games.

    It towers higher than the Statue of Liberty, reaching the height of a 23-storey skyscraper. It is longer than three-and-a-half soccer grounds and its engines have the ability of providing full electric power for a city of 70,000 inhabitants. Its weight is 19 times that of the Eiffel Tower.

    The Queen Mary II will be flanked by the equally luxurious newly built and Greek-flagged cruise ships Olympia Voyager (four stars), the Olympia Explorer (four stars), the Oosterdam (five stars) under construction, the club-ship AIDAVita (four stars) and the Dutch passenger ship Rotterdam (four stars), as well as the Greek-flagged Olympia Countess (three stars).

    The scene will be completed by with the cruise ship Splendour of the Seas (four stars) which will host national Olympic Committee groups, the Topaz (three stars) hosting French television crews, the Seabourn Pride (five stars) and the Silver Whisper (five stars) which are ships due to host the delegations of the Olympic Games' international sponsors.

    [22] New York mayor to tour Olympic Games facilities

    Athens, 19/09/2002 (ANA)

    Athens 2004 Coordinating Committee (ATHOC) President Gianna Angelopoulos Daskalaki will give New York Mayor Michael Bloomberg a guided tour of the Main Press Center and the indoors Olympic stadium on Thursday afternoon.

    Bloomberg will be accompanied by U.S. Ambassador to Athens Thomas Miller.

    In another development, projects, overlays and the hospitality program will be examined on Thursday in joint meetings between an International Olympic Committee (IOC)

    Coordinating Committee delegation headed by Gilbert Felli and relevant ATHOC officials.

    The Coordinating Committee's regular visit under Dennis Oswald will take place in early November when a detailed examination will be made in all sectors of preparation for the Athens Olympic Games.

    [23] Athens district of Peristeri to host boxing event at 2004 Olympic Games

    Athens, 19/09/2002 (ANA)

    Athens' district of Peristeri, which is the fourth largest municipality of Greece, will host the boxing event at the Athens 2004 Olympic Games.

    Environment, Town Planning and Public Works Minister Vasso Papandreou and Culture Minister Evangelos Venizelos on Wednesday evening officially proclaimed Peristeri as an ''Olympic City''.

    The International Olympic Committee (IOC) and the International Boxing Federation have agreed to the event being held at the Olympic Boxing Center which will be built by the culture ministry in the municipality's region of Mazaraki.

    [24] Lesperoglou acquitted in 4-3 appellate court decision

    Athens, 19/09/2002 (ANA)

    One of the most prominent terrorism-related judicial cases ended in an Athens appellate court on Wednesday with the acquittal of a well-known 48-year-old repeat defendant on charges of attempted murder of a police officer 20 years ago.

    Avraam Lesperoglou was found not guilty in a 4-3 split decision on charges of attempted murder in relation to a shooting incident in the central Exarchia district in 1982. The prosecutor in the case had recommended a guilty verdict a day earlier.

    Lesperoglou has in the past been accused, but never indicted, of involvement with urban terrorist acts, something he has denied. Instead, he has repeatedly described himself as an anti-state activist. He was convicted of military conscription dodging and served out his sentence in an army stockade.

    He had been sentenced to 17 years in prison by a first instance court in the same case, a verdict that was overturned on appeal. The Supreme Court prosecutor’s office nevertheless ordered a new trial, which concluded on Wednesday.

    The third Lesperoglou trial also marks a legal milestone in the country, as provisions in recently ratified anti-terrorism law replace the mixed jurist-juror criminal court with a three-judge appellate panel.

    [25] Development minister opens seminar on democracy and globalization

    Athens, 19/09/2002 (ANA)

    Development Minister Akis Tsohatzopoulos on Wednesday declared the start of a seminar on ''Developing democracy in a fragmented world'' organized by the International Organizations and Globalization Observatory at Athens University in response to this year's UN report on human development.

    According to Tsohatzopoulos, the choice between globalization and protectionism was a crucial dilemma of the times and required a clear-cut position that would lead to the right policy.

    Globalization did not just concern information and the economy, he added, but had created a new geography with zones of rich and poor countries, as well as upheavals due to the economic exclusion of entire social groups in developed countries.

    He called for economic support toward developing countries from unified Europe that would allow viable development in society, the economy, the environment and other areas.

    Also speaking was Coalition of the Left and Progress party leader Nikos Constantopoulos, who focused on the dilemma of choosing between greater security and greater democracy that arose after the terror attacks of September 11, 2001 on the United States.

    [26] Israeli teens to visit Greece next week

    Athens, 19/09/2002 (ANA)

    One-hundred-and-forty teenagers from Israel will visit Greece next week following an invitation and initiative by the Central Union of Greek Municipalities (KEDKE), all in cooperation with the Israeli embassy in Athens, it was announced on Wednesday.

    The Israeli teens will tour archaeological sites in Athens and the Peloponnese as well as visit several Greek isles.

    According to the Israeli embassy, many of the youths – which hail from Tel Aviv, Jerusalem, Netania, Haifa, Hadera and Rishon Letzion -- have lost relatives and friends during recent suicide bombings in the Mideast country.

    The group will arrive at the Athens airport on Sunday, where they will be met by Israeli ambassador to Athens David Sasson KEDKE Secretary General Stelios Yiannarakis.

    [27] Gov't again rules out cash support for football teams

    Athens, 19/09/2002 (ANA)

    The government on Wednesday again reiterated that it will not funnel money to first division football clubs, nearly a week after the pro league (EPAE) called on the state to help cash-strapped teams by paying for their inclusion in the state-run football pools’ popular ‘Pame Stoihima’ (Let’s Bet) game.

    “The government position vis-a-vis the pro teams’ request is realistic and deals with defense of the public’s interests,” government spokesman Christos Protopapas said. “The government is not willing to finance private bodies with the Greek people’s money.”

    He also called on the teams’ managements to reform their finances.

    [28] Culture minister toughens sports bill

    Athens, 19/09/2002 (ANA)

    Culture Minister Evangelos Venizelos, apparently toughening his stance towards the Union of Professional Soccer Clubs (EPAE) and the clubs themselves, on Wednesday withdrew paragraph 2 of article 36 contained in the sports bill.

    The paragraph anticipated the subsidization of clubs by the Football Pools organization (OPAP), even if they did not participate in the PRO-PO and PROPOGOAL pools.

    In addition, article 36 paragraph 1 changes payment percentages provided by OPAP for EPAE and the clubs once a month.

    Consequently, EPAE retains its 2 percent share, while the percentage for first division clubs decreases from 4 to 3.5 percent and that of second division clubs from 3.5 to 2.5 percent. The percentage for third division clubs remains at 2.5 percent, while for the first time the Greek Soccer Federation (EPO) will receive a 1.5 percent stake.

    [29] Kasoulides discusses Cyprus problem with US envoy

    NEW YORK 19/09/2002 (CNA/ANA)

    Cypriot Minister of Foreign Affairs Ioannis Kasoulides and US State Department Special Coordinator for Cyprus Thomas Weston met in New York and discussed developments on the Cyprus problem and the prospects that are outlined during the period until the Copenhagen European Council.

    Diplomatic sources noted that the Americans are disappointed with escalating Turkish threats, suggesting they serve pre-election purposes, and decided not to react strongly.

    A foreign diplomatic source said that in view of the October 3 and 4 talks in New York between Cyprus President Glafcos Clerides and Turkish Cypriot leader Rauf Denktash with UN Secretary General Kofi Annan, a preparatory meeting will be held a couple of days earlier.

    The UN Secretary General's Special Adviser on Cyprus Alvaro de Soto, Weston, Britain's Special Representative for Cyprus Lord David Hannay and other emissaries on Cyprus will take part in the preparatory meeting, the source added.

    During their meeting, Kasoulides and Weston discussed proposals put forward by Denktash and the Turkish Cypriot leader's positions, brought up during his meetings with President Clerides within the framework of the UN-led direct talks.

    They also talked about Turkish threats regarding Cyprus' accession to the EU prior to a Cyprus settlement, the latest Turkish efforts to upgrade the regime in the Turkish occupied areas of the island and the results of the Islamic Conference's Coordination meeting in New York.

    UN sources have not ruled out the possibility that the Security Council may raise the Cyprus problem, either on the eve of the meetings or afterwards. Any ideas the UN chief may have are not expected to be submitted before the November 3 elections in Turkey.

    US determined to work for Cyprus settlement : The United States is determined to use the time until the Copenhagen European Council to do what it can to get a comprehensive settlement on Cyprus, the US State Department's Special Coordinator for Cyprus Thomas Weston has said.

    In statements to CNA, Weston said "the accession of Cyprus to the European Union and Turkey's relationship to the EU ought to enforce a situation in which a settlement is more achievable that has been the case in the past".

    Weston added that "the time for that is obviously right now, that is before the Copenhagen European Summit, where these decisions on accession and Turkey's relationship will actually be made".

    "We are going to use that time in exactly that way. To do what we can to get a comprehensive settlement", he said.

    While in New York, Weston held a series of discussions with the Ministers of Foreign Affairs of Cyprus, Greece and Turkey, Ioannis Kasoulides, George Papandreou and Sukru Sina Gurel respectively, as well as Britain's Special Representative for Cyprus Lord David Hannay.

    On Wednesday he held a working breakfast with Kasoulides, where the latest developments on Cyprus were discussed.

    "I never discuss the content of my meetings, but we have been through almost a week of multiple and numbered meetings with the governments of Cyprus, Greece and Turkey, discussing obviously the Cyprus issue and other elements of our relationships relating to the Cyprus issue", he told CNA.

    Weston described his meetings long, thorough and productive, "although they have not led to the sort of breakthroughs we might have wanted to see".

    The US efforts will continue in the days to come outside New York.

    Weston said the Cyprus issue would be raised in Wednesday's US-Turkish talks in Washington. He will also continue his talks both in the US and Europe.

    Weston said he remains "hopeful" that there will be a just and durable settlement of the division of the island.

    "I am certainly more determined to continue working hard and get a settlement", he concluded.

    [30] Chief negotiator calls for vigilance regarding reports on Cyprus

    NICOSIA 19/09/2002 (CNA/ANA)

    Cyprus' chief negotiator in accession talks with the European Union, George Vassiliou, on Wednesday called for ''nerves of steel'' and ''vigilance'' in order to tackle any challenges in the island's accession course, adding that until December 14, there will continuously be press reports that may cause concern.

    Referring to Tuesday's Reuters news agency dispatch which quoted an anonymous diplomat as saying the EU should think seriously about letting Cyprus in the next wave of enlargement for fear of disrupting the ongoing peace effort, Vassiliou said ''every cloud has a silver lining''.

    He pointed out that ''there have been many clear statements on the part of the European Commission'' regarding this issue, and advised journalists not to overreact to such rumors.

    A second dispatch from Reuters on the same story said the Commission was sure to recommend that Cyprus would be technically ready in December to wrap up accession talks and join the bloc.

    Vassiliou said that on October 9 he would be going to Brussels to receive the progress report on Cyprus, adding that he has already seen it and is satisfied with its content.

    The chief negotiator replied negatively when asked if the report associates Cyprus' accession with a settlement of the political problem.

    Regarding the implementation of the acquis communautaire in the areas of the British Bases, Vassiliou said the issue is on the right track.

    ''We have not yet reached a final agreement but there is good will on the part of the European Commission and Britain to handle a series of problems which Cypriot citizens who live in the Bases area will face in the future'', he said.

    The Commission, he added, wants to finalize the issue in a way that will satisfy all, and said he anticipates that it will be completed by the end of this month or early October at the latest.

    [31] OIC coordination meeting adopts Khartoum reference on Cyprus

    UNITED NATIONS 19/09/2002 (CNA/ANA)

    Cyprus has managed to avert the adoption of new Turkish positions in the final statement of the annual coordination meeting of the foreign ministers of the Organization of the Islamic Conference held in New York.

    Turkey had tried unsuccessfully to include an extract in the final statement which referred to the proposals given by Turkish Cypriot leader Rauf Denktash to President Glafcos Clerides during the UN-led direct talks and to make acceptable Turkish Foreign Minister Sukru Sina Gurel's position in his speech to the General Assembly about ''sovereign equality'' in Cyprus.

    After the presentation of the report by the Islamic Conference Secretary-General and his suggestion not to change the paragraph on Cyprus adopted during the 29th session of the OIC of foreign ministers in Khartoum, Sudan, last June, the Turkish representative, backed by the illegal ''foreign minister'' of the regime in the occupied north, Tahsin Ertugruloglu, submitted an amendment which they asked to be included in the final statement.

    The amendment said the Conference welcomes the proposals submitted by Denktash in December, which it considers ''positive'' for a solution to the Cyprus problem and calls on the Secretary-General to seriously consider them.

    However, the OIC said adoption of the proposed amended paragraph on Cyprus would open to door to amendments to the whole of the final statement. At the same time, the UN conveyed the message that the declaration could not contain references to proposals, which were submitted during confidential negotiations.

    The paragraph was kept out of the final statement and the Khartoum reference was included. The OIC Secretariat undertook to study the Turkish proposals, but in essence, this means their rejection. The OIC declined to give the Turkish representative the right to voice his disagreement.

    The Khartoum reference to Cyprus said ''the Conference hailed the efforts exerted by the UN Secretary-General within the framework of his good offices to achieve a negotiable settlement acceptable to the two parties in Cyprus. It also welcomed the commencement of direct negotiations between the two parties, reaffirmed total equality between the two sides, and expressed its support for the cause of the Turkish Muslim people of Cyprus till the achievement of a just solution of the Cypriot conflict based on the principle of parity and equality between the two communities in Cyprus''.

    The report of OIC Secretary-General Abdelouahed Belkeziz on the situation in Cyprus, submitted to the annual coordination meeting of the foreign ministers of OIC member states, says ''the OIC resolutions underscored the legitimate rights of Turkish Cypriots and stressed the importance of implementing the principle of equality between them and the Greek Cypriots''. It expresses support to the efforts exerted by the UN Secretary-General for finding a political settlement to the ''Cypriot dispute that would be acceptable to both the Greek and Turkish communities and guarantee the equal rights of both''.

    It also welcomes the ''direct talks between the leaders of the Greek and Turkish Cypriots, as this is the best way for resolving the issue and guaranteeing the legitimate rights of the concerned parties''.


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