Browse through our Interesting Nodes on Turkey Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Friday, 29 March 2024
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

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

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

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

CONTENTS

  • [01] PM Karamanlis confers with Chambers Union
  • [02] Gov't: Suspension of bank auctions for debts below 200k until Dec. 31

  • [01] PM Karamanlis confers with Chambers Union

    Prime minister Costas Karamanlis conferred on Tuesday with the presidium of the Central Union of Chambers of Greece, at a meeting that was also attended by development minister Costis Hatzidakis.

    Hatzidakis said that the government was carrying on with its work as normal, replying after the meeting to a press question concerning speculations of early general elections.

    Responding to union chairman Y. Kassimatis' call for cooperation between the credit system and business concerns, Hatzidakis noted economy and finance minister Yiannis Papathanassiou's announcement of a freeze on bank auctions of foreclosed properties from businesses and private borrowers for overdue debts of up to 200,000 euros, effective up to the end of the year.

    He also stressed that the government has made it clear that support for the business enterprises should be forthcoming from the banks, and made special note of the Credit Guarantee Fund for Small and Very Small Enterprises (TEMPME), which "has financed the liquidity of thousands of enterprises".

    Hatzidakis further noted that the government will introduce legislation that will facilitate the establishment of business enterprises by cutting down on bureaucracy, adding that a program to boost commerce and services will be unveiled on Wednesday.

    Kassimatis, in turn, said that the financial crisis is reversible, provided that the structural changes and the government's National Strategic Reference Framework (NSRF) program move ahead immediately.

    He also warned that the early elections speculation was not helping the economy, adding that dialogue and advancement of everything that has already been agreed are necessary.

    Meanwhile, the justice ministry announced later the suspension of auctions on foreclosed properties by banks for sums up to 200,000 euros up until December 31, by virtue of legislation that will be tabled in parliament immediately by minister Nikos Dendias.

    [02] Gov't: Suspension of bank auctions for debts below 200k until Dec. 31

    The government on Tuesday announced that it will immediately table legislation in Parliament to suspend bank auctions of foreclosed properties of businesses and private borrowers for overdue debts of up to 200,000 euros, effective until the end of the year.

    The development comes after a same-day meeting between Prime Minister Costas Karamanlis and Development Minister Costis Hatzidakis, with the latter referring to an initiative by the economy and finance ministry over temporary relief of a specific segment debt-burdened bank borrowers.

    Hatzidakis also stressed that the government has made it clear that greater support for SMEs should be forthcoming from banks, referring particularly to the Credit Guarantee Fund for Small and Very Small Enterprises (TEMPME), which "has financed the liquidity of thousands of enterprises".


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Tuesday, 1 September 2009 - 12:30:40 UTC