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Athens News Agency: News in English, 10-04-24

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

From: The Athens News Agency at <>


  • [01] Greece asks activation of support mechanism
  • [02] Stocks end slightly lower
  • [03] Athens Newspaper Headlines

  • [01] Greece asks activation of support mechanism

    (ANA-MPA) -- Prime minister George Papandreou on Friday announced that Greece is formally asking for activation of the EU support mechanism for the Greek economy. (ANA-MPA)

    "The time has come for the decision the leaders of the European member countries to support Greece to give us the time that the markets are not giving us. (ANA-MPA) It is a national and pressing need to formally ask of our EU partners the activation of the support mechanism that we jointly created, Papandreou said in a televised statement from the SE Aegean isle of Kastellorizo.

    [02] Stocks end slightly lower

    Stocks ended slightly lower in the Athens Stock Exchange, unable to hold on to their initial sharp gains as investors rushed in to take profits. The market reacted positively to a decision by the Greek government to request activation of an EU/IMF support package. The composite index of the market fell 0.15 pct to end at 1,857.96 points, after gaining as much as 4.56 pct in intra-day trading. Turnover was an improved 316.664 million euros.

    The FTSE 20 index eased 0.04 pct, the FTSE 40 index ended 0.83 pct lower and the FTSE 80 index fell 0.42 pct. Chemicals (1.48 pct) and Constructions (1.14 pct) scored gains, while Commerce (3.04 pct) and Utilities (2.65 pct) suffered the heaviest percentage losses of the day.

    Altec (13.33 pct), Edrasi (12.5 pct), Attica Publications (9.52 pct) were top gainers, while Shelman (20 pct), Nutriart (18.18 pct) and Loulis Mills (9.71 pct) were top losers. Broadly, decliners led advancers by 92 to 88 with another 48 issues unchanged.

    [03] Athens Newspaper Headlines

    The Saturday edition of Athens' dailies at a glance

    The Greek government's official request for activation of a eurozone-IMF support mechanism, announced by PM George Papandreou a day earlier from the remote isle of Kastellorizo, along with speculation over possible repercussions on the economy and society expectedly the main front-page items in Athens' dailies on Saturday.

    ADESMEFTOS TYPOS: "We're surrendering, officially now, to EU support mechanism".

    APOGEVMATINI: "He (Papandreou) pulled the (EU-IMF mechanism) trigger. He went to ... Kastellorizo to make the announcement".

    AVRIANI: "Unconditional surrender to IMF, and bankruptcy at the end of the tunnel".

    AVGHI: "Let the people have a say over explosive IMF-EU mechanism".

    ELEFTHERI ORA: "He (Papandreou) led country to the IMF's claws on his name day".

    ELEFTHEROS: "Homage to IMF without 'red lines'."

    ELEFTHEROS TYPOS: "Unconditional surrender by George (Papandreou) to IMF".

    ELEFTHEROTYPIA: "Recourse without conditions".

    ESTIA: "Government seeks recourse with mumbled words".

    ETHNOS: "EU-IMF refuge".

    IMERISSIA: "Landmark decision".

    KATHIMERINI: "Forced landing into harsh (economic) reality".

    NAFTEMPORIKI: "Safe haven in support mechanism after markets' 'volleys'."

    NIKI: "Die is cast. They threatened us with payment stop".

    RIZOSPASTIS: "They're leading people into a catastrophe and sacrifices without end".

    TA NEA: "New Odyssey for Greeks".

    VIMA: "Continuing thriller. Uncertainty over recourse".

    VRADYNI: "The big fear: Workforce terrorised".

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