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Athens News Agency: News in English, 08-01-09

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

From: The Athens News Agency at <>


  • [01] Papandreou addresses Parliament on OTE, PPC

  • [01] Papandreou addresses Parliament on OTE, PPC

    Main opposition PASOK leader George Papandreou on Wednesday accused the government of ?looking for accomplices over its downfall, although it will not find them in PASOK,? speaking in Parliament during debate over the establishment of a National Social Cohesion Fund, which was ultimately passed by the legislature. Referring specifically to a rider included in the draft legislation regarding protection of public utilities from aggressive buyouts, Papandreou charged that government policy has made the Hellenic Telecommunication Organization (OTE), Greece‚s largest telephony and telecoms company, vulnerable to aggressive buyouts.

    ?This amendment is nothing but a desperate attempt to gain time - in search of strategic investors (for OTE),? Papandreou told the Parliament plenary session.

    He also charged that the government has turned state-run Public Power Corp. (PPC), the listed power utility in the country, into a loss-maker, while eying its eventual sell-off.

    Referring to the ongoing Zachopoulos affair still reverberating on the country‚s political scene, Papandreou said ?the government is not in a position to investigate an affair of which it is a party to?.

    Caption: ANA-MPA file photo of PASOK leader George Papandreou.

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