Visit the American Hellenic Media Project (AHMP) Homepage 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
Thursday, 28 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, 10-08-31

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

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

CONTENTS

  • [01] ND leader calls for a different economic policy
  • [02] ASE opening: Decline
  • [03] Athens Newspaper Headlines

  • [01] ND leader calls for a different economic policy

    (ANA-MPA) -- Main opposition New Democracy (ND) party leader Antonis Samaras, in an article published in an Athens weekly on Sunday, again aired and detailed his criticism of the government and the memorandum agreed to between the state and the EU-ECB-IMF "troika".

    Samaras referred to a worsening of a series of economic indicators and concluded that "the memorandum is not a restructuring of public finances. It is killing the Greek economy and dissolving Greek society."

    He reiterated a proposal for a "different policy mixture," with measures that combat the deficit and recession simultaneously; which will erase the deficit in two years and slash the state debt to 100 percent of GDP by 2013 -- compared to 150 percent that he predicted on the basis of the memorandum policy.

    "With our plan we shall do away with restrictions of the memorandum, so that we can follow a policy of growth; not dolling out grants with borrowed money, but with a decrease in tax rates and a drastic abolition of distortions; a strengthening the competitiveness of the Greek economy," Samaras stressed.

    Lastly, he aired a personal criticism of the prime minister, saying that his policy is leading the country into the "vicious circle of recession", while ND's political proposal is an exit from the crisis with recovery and growth.

    More details on the subscriber's page of APE-MPE | Subscription request form

    [02] ASE opening: Decline

    Equity prices were declining at the opening of trade on Tuesday on the Athens Stock Exchange (ASE), with the basic share price index down 1.85 percent, standing at 1,532.26 points at 11:00 am, and turnover at 9.017 million euros.

    All individual sector indices were moving downwards with the biggest losses in Financial Services, down 2.39 percent;Telecoms, down 2.09 percent and Banks, down 1.82 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 1.74 percent, the FTSE/ASE MID 40 index was down 1.02 percent, and the FTSE/ASE-80 small cap index was down 1.19 percent.

    Of the stocks traded, 6 were up, 54 were down, and 13 were unchanged.

    More details on the subscriber's page of APE-MPE | Subscription request form

    [03] Athens Newspaper Headlines

    The Tuesday edition of Athens' dailies at a glance

    Reactions against the memorandum and press speculation over new measures ordered Brussels; the government's moves to boost liquidity as well as the latest ban of smoking mostly dominated the headlines on Tuesday in Athens' newspapers.

    ADESMEFTOS TYPOS: "Stop to smoking".

    APOGEVMATINI: "Agony over closures - Markets at a loss, entrepreneurship collapses and unemployment skyrockets".

    AVGHI: "Sales with debt as alibi - State to borrow more than 73 million euros in 2010'.

    AVRIANI: "Karamanlis (Costas, the former ND government prime minister) syndrome infects Papandreou's government - 80 percent of population disappointed from PASOK governance, poll indicates".

    CHORA: "Hellenic Telecommunications Organization to delist from NYSE".

    ELEFTHEROS: "Papandreou was against IMF before elections; called it disastrous".

    ELEFTHEROS TYPOS: "Civil war over government control".

    ELEFTHEROTYPIA: "Document: 20 changes memorandum - new, painful measures Brussels demands".

    ESTIA: "Market reacts to taxes - You can't take from someone who doesn't have enough to give".

    ETHNOS: "Government's plan on salaries in public sector".

    IMERISSIA: "Revenues collapse - Tax hikes fruitless".

    KATHIMERINI: "Market says no to new taxes".

    LOGOS: "Civil servants' payroll foresees unification of benefits".

    NAFTEMPORIKI: "Businesses demand immediate change of policy".

    NIKI: "Attention: Taxes!".

    RIZOSPASTIS: "Communist Party leader Aleka Papariga: People rally with KKE"

    TA NEA: "Up to 80 percent discount for debts to social security funds".

    TO VIMA: "Breather for debts, VAT, (civil servants') mortgages - Alarm in government over market asphyxiation".

    VRADYNI: "Growth with support to SMEs- Merchants, manufacturers tabled their own anti-memorandum".

    More details on the subscriber's page of APE-MPE | Subscription request form


    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, 31 August 2010 - 10:30:44 UTC