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Athens News Agency: News in English, 05-10-06
CONTENTS
[01] President Karolos Papoulias hosts reception for European Central
Bank governor
[01] President Karolos Papoulias hosts reception for European Central
Bank governor
President Karolos Papoulias hosted a reception at the Presidential
Mansion in honour of European Central Bank Governor Jean-Claude Trichet
on Thursday night, underlining the economic repercussions from the
introduction of the euro in Greece and the eurozone in his address.
"The euro offered my country monetary stability and protection from
profiteering pressures. It also offered lower interest rates and
therefore, among other things, the possibility of more accessible
loaning, a fact having special importance for acquiring a home and for
investments," President Papoulias said.
"In parallel to these considerable achievements, its circulation was
combined, just as was the case in other countries, with an increase in
the prices of certain products and services. This explains why a
section of my fellow countrymen realises its significance, on the one
hand, but faced it with a critical mood, however, as regards this
dimension," he added.
Trichet said that the European Central Bank will continue to work in
the direction of increasing the eurozone's growth rates and the
creation of new jobs in a stable macroeconomic environment.
The reception was attended by the members of the European Central
Bank's board, including its vice president Loukas Papademos.
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