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Athens News Agency: News in English, 10-04-28

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

From: The Athens News Agency at <>


  • [01] 'Greece will not sink', ND leader says
  • [02] EU Budgetary Control Com't meeting in Athens
  • [03] Stocks recover on Wed.

  • [01] 'Greece will not sink', ND leader says

    Main opposition New Democracy (ND) party leader Antonis Samaras, addressing a preliminary party congress conference on the island of Rhodes on Wednesday, criticised the government and the prime minister for his handling of economic policy issues.

    "Mr. (Prime Minister George) Papandreou received a deficit problem from the previous government which, with his contradictory policy, turned into a borrowing crisis," he said adding "we must not let the vicious circle of recession lead us to absolute collapse."

    Samaras said that "our target is for us to leave the control of the International Monetary Fund an hour earlier and to minimise the consequences of recession."

    The ND leader also referred to the issue of tourism, which was the object of the preliminary congress conference, pointing out that it must have special attention since it constitutes the locomotive of the Greek economy.

    He expressed disagreement with the abolition of the tourism ministry and stressed that emphasis must be placed on the development of quality tourism, presenting the basic guidelines for a modern development strategy for tourism.

    "ND defines the future, while PASOK is continuing to be unbearably populist and to chase the ghosts of the past," Samaras said and called on all the Greeks, regardless of party preferences and ideological disagreements to remain united.

    "Despite all this Greece will not sink. The political system of the past 30 years sank. But Greece will not sink," he concluded.

    [02] EU Budgetary Control Com't meeting in Athens

    (ANA-MPA) -- The European Parliament's Committee on Budgetary Control meets in Athens on Wednesday and Thursday. The committee meets each year in a different country and this year's meeting had been scheduled to take place in Athens.

    [03] Stocks recover on Wed.

    Stocks recovered on Wednesday as a decision by the market‚s watchdog to ban short selling in the market halted a wave of selling that pushed prices to 12-month lows in the previous session, while renewed hopes of a timely activation of an EU/IMF support mechanism also had a positive impact. The composite index of the market rose 0.63 pct to end at 1,707.35 points, off the day‚s highs. Turnover was a strong 363.460 million euros.

    The FTSE 20 index rose 0.94 pct, the FTSE 40 index ended 1.07 pct higher and the FTSE 80 index jumped 2.17 pct. Raw Materials (6.85 pct) and Constructions (5.73 pct) scored the biggest percentage gains of the day, while Utilities (3.02 pct) and Telecommunications (2.13 pct) suffered losses. Vovos (14.15 pct), Thrace Plastics (13.33 pct), Korinth Steel Pipes (10.84 pct) and Lambrakis Press (10.78 pct) were top gainers, while Hellenic Fish Farming (11.11 pct), Voyatzoglou (10.66 pct) and Kyriakoulis (9.52 pct) were top losers. Broadly, advancers narrowly led decliners by 98 to 95 with another 36 issues unchanged.

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