Athens News Agency: News in English, 10-08-26

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

CONTENTS

[01] 10th 'Aegean Regatta' race

[02] KKE on updated memorandum

[03] ASE opening: Strong rise

[04] Athens Newspaper Headlines

[01] 10th 'Aegean Regatta' race

The Aegean Regatta is being held for the 10th consecutive year by the general secretariat of the Aegean and islands' policy, and transport ministry. Among the participants are crews from Cyprus , Russia , England , Italy and Bulgaria . The race will be concluded on Saturday on the eastern Aegean island of Lesvos

[02] KKE on updated memorandum

KKE said the updated memorandum is not a simple elaboration of the already known memorandum but adds new reforms, an even more decisive step towards creating a cheaper work force.

"The struggle must continue even if growth materialises, because such will be frail. What is needed is a 'popular, decisive organisation and counterattack'," KKE opined

[03] ASE opening: Strong rise

Individual sector indices were moving upward, with the biggest gains in Insurance, up 3.11 percent; and Raw Materials, up 2.24 percent.

The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 1.90 percent, the FTSE/ASE MID 40 index was up 0.42 percent, and the FTSE/ASE-80 small cap index was up 0.27 percent.

Of the stocks traded, 54 were up, 10 were down, and 11 were unchanged.

[04] Athens Newspaper Headlines

The spectre of closure for thousands of SMEs due to the economic crisis, a "mini" tax bill to be tabled in parliament in September and changes in university and college entry exams system following a collapse in entry scores - one as low as 0.9 out of a possible 20 - mostly dominated the headlines on Thursday in Athens' newspapers.

ADESMEFTOS TYPOS: "Entrance scores for all colleges".

APOGEVMATINI: "Entry level scores for some colleges near zero".

AVGHI: "SMEs in despair ".

AVRIANI: "Wild course of spreads eliminates Greece from international markets and brings back bankruptcy scenarios".

ELEFTHEROS TYPOS: "Blank (test) sheets, gloomy education".

ELEFTHEROTYPIA: "Crisis drove entry scores crazy".

ESTIA: "Worry in USA over recession".

ETHNOS: "Crash in university entry scores - Storm of changes in exam system".

IMERISSIA: "Government pressure towards banks to increase loaning to markets".

KATHIMERINI: "Education below zero".

LOGOS: "One out of five businesses will close".

NAFTEMPORIKI: "Tax bill to be tabled in parliament in September".

NIKI: "Banks taking part of salaries and pensions from payrolls".

RIZOSPASTIS: "Families of working classes struggle to offer their children a better future".

TA NEA: "New university entry exam system pending".

TO VIMA: "Zero score was enough for technological colleges".

VRADYNI: "They're fooling society - Government refers to 'light' while 175,000 businesses on verge of closing".

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