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Athens News Agency: News in English, 12-02-15

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

From: The Athens News Agency at <>


  • [01] President of Republic waives salary
  • [02] Greek energy grid in state of emergency
  • [03] FinMin: Greece at razor's edge

  • [01] President of Republic waives salary

    AMNA--President of the Republic Karolos Papoulias on Wednesday waived his salary, and asked Finance Minister Evangelos Venizelos, during a meeting between the two officials, to proceed with the procedures required.

    [02] Greek energy grid in state of emergency

    AMNA--Greece's energy grid was placed in a state of emergency at midnight Tuesday, due to a major deficiency in natural gas in the wider Balkan region resulting from a heavy winter and jump in demand for natural gas and electricity.

    Greek environment, energy and climate change minister George Papaconstantinou assured parliament on Wednesday that the ministry is in complete coordination and was taking all the necessary steps to ensure the smooth supply of natural gas in the country, replying to a current question on the emergency situation in the energy market in the wider region of the Balkans.

    The ministry intends to put in place emergency measures as of midnight Wednesday, including a ban on export of electricity from Greece, "with the exception of cases of verified transit in the event of inability to supply the domestic consumption of electrical energy".amna

    At the same time, the Electrical Energy Transport System Managing authority, in an announcement on Wednesday, put the deficient production at 3GW and that a state of alert has been put in force as of Wednesday.

    The energy sufficiency problems have arisen as a result of the discontinuation of electricity exports to Greece by Bulgaria (since Friday) and FYROM (since Monday), the limited operation of hydroelectric units in order to conserve water reserves, which are already low, for the summer, problems in the country's supply with natural gas from the pipeline via Turkey, and low temperatures in the country resulting in increased energy demand for heating given that consumers have turned to air conditioners and heaters rather than central heating due to high heating oil prices.amna

    The Authority has called on natgas-powered electricity production units to restrict consumption of natural gas, which affects electricity production, until two cargoes of liquefied natural gas (LNG) expected in the next few days arrive at the LNG station in Revithoussa.

    [03] FinMin: Greece at razor's edge

    AMNA-- "Greece is at the razor's edge," government vice president and finance minister Evangelos Venizelos said on Wednesday as he arrived at the Presidential Mansion for a meeting with President of the Republic Karolos Papoulias.

    "Greece is at the razor's edge, and we are trying to agree on even the final detail of the new loan programme for the country," Venizelos told Papoulias, and described the climate in Brussels vis-a-vis Greece as "bad".amna

    "This is very hard. Many are fighting with fire, both at home and abroad, others with torches and others with matches. In every instance, the danger is big, and the quandary is sacrifices and cuts or national disaster," he added.amna

    Venizelos said that "we must tell the entire truth to the Greek people about why we reached this point," adding that "unfortunately, there are many in the eurozone who no longer want us, and we need to convince them that we can succeed, for the coming generations, for our children".

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