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Athens News Agency: News in English, 10-12-09Athens News Agency: News in English Directory - Previous Article - Next ArticleFrom: The Athens News Agency at <http://www.ana.gr/>CONTENTS
[01] Rehn confident over 2011 Greek budget(ANA-MPA) -- Addressing the Greek Parliament on Thursday, European Commissioner for economic and monetary affairs Olli Rehn appeared confident that the Greek government's 2011 budget was capable of reducing the public deficit by 2.5 percent of GDP so that no additional measures would be needed."Greece is on the proper course and on the right path, making great progress in a programme of fundamental reforms," Rehn said while briefing the Greek Parliament committees on Economic and European affairs. (ANA-MPA) The Commissioner also assured MPs that the repayment period for Greek loans will be extended without imposing any new terms, specifying that the discussion will take place on the basis of the existing memorandum to which an amendment will be added. Rehn also predicted that market confidence in Greece might (ANA-MPA) well be restored within the space of three years, so that the country could once again borrow on the markets from 2012 or 2013. Defending the terms of the Memorandum, the Commissioner stressed that the medium and long-term goals of the package of measures was to allow growth and make Greece competitive. He noted that structural changes caused people to worry about the future when they had to be made rapidly and change habits but added that this was unavoidable at the current time. (ANA-MPA) More details on the subscriber's page of ANA-MPA | Subscription request form [02] Four defendants in 'group of 6' terrorist case remanded in custody(ANA-MPA) -- Four defendants in the terrorism case will be remanded in custody, following their testimonies before the 31st investigating magistrate on Thursday.The four made their testimonies on charges of joining a terrorist group, terrorist acts, felony weapon possession and the procurement and possession of explosive materials. (ANA-MPA) More details on the subscriber's page of ANA-MPA | Subscription request form [03] TI report on Greece points to lack of citizens' trust in parties, Parliament institutions, media(ANA-MPA) -- To view the article please contact the ANA-MPA's subscription department at 2106400560.More details on the subscriber's page of ANA-MPA | Subscription request form [04] IMF official cites major reforms(ANA-MPA) -- Drastic social insurance reform, major changes in the job market, deregulation of all professions and reform of public utilities were the top proposals cited on Thursday by the IMF mission's chief for Greece Poul Thomsen, who addressed an event hosted by the American-Hellenic Chamber of Commerce on Thursday.Thomsen clarified that Greece's efforts are still at an early stage, "which is the hardest", as he said, adding that until now all goals have been met. However, he insisted that the huge public sector will have to be reduced in size and called for deep structural reforms. He also referred to the four key-points in the restructure effort namely, the public utility companies, spending cuts, tax collection, health / social insurance. He stressed that reform is a political and social issue and not strictly economic, adding that drastic social insurance reform is necessary as well as major changes in the job market sector, deregulation of all professions and public utility reform. He clarified that the memorandum measures were decided by the Greek government and that the IMF does not demand wage reductions. (ANA-MPA) Caption: ANA-MPA file photo of Poul Thomsen. More details on the subscriber's page of ANA-MPA | Subscription request form Athens News Agency: News in English Directory - Previous Article - Next Article |
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