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Athens News Agency: News in English, 09-09-04

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

From: The Athens News Agency at <>


  • [01] German high court blocks Christoforakos' extradition
  • [02] No agreement for SYN-SYRIZA
  • [03] Stocks end 0.46% up

  • [01] German high court blocks Christoforakos' extradition

    A Supreme Court prosecutor on Friday briefed Justice Minister Nikos Dendias over a decision by Germany's constitutional court to overrule a lower appeals court's judgment to extradite former Siemens Hellas CEO Michalis Christoforakos to Greece, who is wanted by Greek judicial authorities over his alleged involvement in the Siemens bribery and kickbacks probe.

    [02] No agreement for SYN-SYRIZA

    Despite a marathon session that ended late on Friday evening, the Coalition of the Radical Left (SYRIZA) secretariat failed to reach agreement on who should lead the left-wing alliance to the upcoming elections on October 4.

    The only thing agreed on by the time the meeting wrapped up was the necessity to reach an agreement by Saturday afternoon.

    Both current SYRIZA leader Alekos Alavanos and the head of the main party in the alliance, Coalition of the Left, Movements and Ecology (SYN) president Alexis Tsipras, were present during a stormy session, in which the deep divisions within SYRIZA were painfully apparent.

    Tsipras had come to the meeting armed with a decision taken by SYN's Political Secretariat the day before, which stated that the leader of SYRIZA must also be SYN's president, or in other words Tsipras himself.

    The other elements in SYRIZA were unanimous in rejecting SYN's proposal, however, and counter-proposed that Alavanos - a former president of SYN that had voluntarily stepped down in favour of Tsipras - should again lead the party coalition, with an organisational conference by SYRIZA six months down the line to decided on its organisational structure.

    SYN's Political Secretariat is carrying out another meeting on Friday evening to take a final decisions.

    SYN and SYRIZA have been struggling to maintain unity and process the poor results in the European Parliament elections, which intensified bickering and disagreements between the various sections of the broad alliance of left-wing formations in SYRIZA's ranks. This various side were still debating such internal issues when the government announced its decision for snap general elections in a month.

    Caption: Coalition of the Left, Movements and Ecology (SYN) party president Alexis Tsipras (L) and the head of the Coalition of the Radical Left (SYRIZA) Parliamentary group Alekos Alavanos (R) holding a joint press conference on August 30.

    [03] Stocks end 0.46% up

    Greek stocks ended higher on the last trading session of a negative week in the Athens Stock Exchange on Friday. The composite index ended 2.425.23 points, down 0.46 pct, but off the day‚s lows. Turnover was a moderate 195.8 million euros, of which 11.7 million euros were block trades.

    Sector indices ended mixed, with the Media (21.90 pct), Technology (5.80 pct) and Telecommunications (4.36 pct) scoring the biggest percentage gains of the day, while Health (2.73 pct), Personal/Home Products (1.66 pct) and Insurance (1.33 pct) suffered losses.

    The FTSE 20 index rose 0.29 pct, the FTSE 40 index ended 0.12 pct higher and the FTSE 80 index rose 1.99 pct. Broadly, advancers led decliners by 154 to 63 with another 37 issues unchanged.

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