Athens News Agency: News in English, 11-03-15

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

CONTENTS

[01] IMF approves 4th tranche of loan to Greece

[02] ASE opening: Decline

[03] Athens Newspaper Headlines 

[01] IMF approves 4th tranche of loan to Greece

An announcement said the IMF Executive Board has voted in favor of disbursement of the above sum to Athens.(ANA-MPA)

The majority of the Executive Board expressed satisfaction with the progress achieved by Greece thus far, but noted that structural changes need to be sped up for the successful implementation of the Greek economy's stabilisation program.(ANA-MPA)

The underlying fiscal and wider reforms necessary for achieving the middle-term targets of the program are gradually being put in place, although some important reforms need to be planned and applied for the creation of a critical mass that is necessary to support fiscal viability and economic recovery, the IMF said.(ANA-MPA)

A measure of stabilisation has been achieved, IMF first deputy managing director John Lipsky said after the Board meeting, adding that greater emphasis needs to be placed on underlying reforms in the period ahead.(ANA-MPA)

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[02] ASE opening: Decline

Individual sector indices were moving downward nearly across the board, with the only gains in Oil & Gas, up 0.59 percent; and Construction, up 0.56 percent.

The heaviest losses were in Mass Media, down 4.66 percent; Banks, down 2.41 percent; and Telecoms, down 2.20 percent.

The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 2.43 percent, the FTSE/ASE MID 40 index was down 1.94 percent, and the FTSE/ASE-80 small cap index was down 1.66 percent.

Of the stocks traded, 12 were up, 78 were down, and 19 were unchanged.

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[03] Athens Newspaper Headlines

The nuclear alert in Japan, the arrests of 'Cells of Fire' terror group members and the economy were the main front-page items in Athens' dailies on Tuesday.

ADESMEFTOS TYPOS: "Safehouses of the 'Conspiracy of the Cells of Fire' in Volos, Holargos and Kallithea".

AVGHI: "Europe-wide referendum on Competitiveness Pact".

AVRIANI: "Papandreou blackmailing with (early general) elections if parliament does not pass Pact on Euro with reinforced majority of 180 votes in parliament".

DIMOKRATIA: "George's (Papandreou) fairy tales with proof and names".

ELEFTHEROS: "Petalotis (government spokesman) confesses lack of governance, with intimations against ministers".

ELEFTHEROS TYPOS: "Pamboukis plan for sell-off of 50 billion euros in state property".

ELEFTHEROTYPIA: "Parents, teachers ready to take to the streets over planned mergers of secondary schools".

ESTIA: "Lessons from the Japanese - Country has suffered biggest disaster since WWI, but will rise again".

ETHNOS: "Handcuffs for the Cells of Fire 'troika' (masterminds)."

IMERISSIA: "Operation privatisations".

KATHIMERINI: "Nuclear agony in Japan".

LOGOS: "Danger of nuclear tsunami".

NAFTEMPORIKI: "The stocks 'celebrated' the European decisions".

NIKI: "Greece now allowed to mint euros".

RIZOSPASTIS: "Uprising so that not a single school will close".

TA NEA: "700,000 SMEs head to their accountants for settlement of outstanding tax years".

VRADYNI: "Head hunters for debts to the state".

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