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Athens Macedonian News Agency: News in English, 17-05-26

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

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

CONTENTS

  • [01] Investigation into the causes of bomb attack against former PM Papademos
  • [02] Head of Eurobank Analysis Department sees return to positive growth rates this year
  • [03] Tourist bus carrying students capsizes in Serres

  • [01] Investigation into the causes of bomb attack against former PM Papademos

    Hellenic Police chief Constantinos Tsouvalas asked the anti-terror squad to carry out a detailed investigation into the causes of the explosion of the trapped file in the hands of former Prime Minister Loukas Papademos.

    Papademos, his driver and one other person injured in a blast in central Athens were rushed to Evangelismos Hospital on Thursday. The explosion occurred while Papademos was riding in a car, on the corner 3rd September Street and Marnis in central Athens.

    He was admitted and underwent surgery for injuries in the abdomen, while he has also sustained injuries to his legs.

    Meanwhile, the President of the Republic Prokopios Pavlopoulos is visiting Papademos at the hospital on Friday.

    [02] Head of Eurobank Analysis Department sees return to positive growth rates this year

    The cumulative decline in Greece's GDP over the period 2007-2015 is 26.4 percent. In 2016, the Greek economy remained stagnant recording an annual real rate of change of gross domestic product of 0.0 percent, while for the current year it is expected to return to positive growth rates despite the negative result of the first quarter, according to a study presented at Go In Crete conference by the head of the Eurobank Analysis Department, Dr. Platon Monokroussos.

    The Eurobank economist also estimated that the Greek economy should grow at an average annual rate of 3.3 percent so that the real GDP returns to pre-crisis levels, ie 2007, in 10 years from today. But if the economy achieves more "reasonable" growth rates, such as 2 percent per annum, it will take 15 years to return to pre-crisis levels, while with growth rates of 1.5 percent it will return in 20 years.

    According to the report, the unprecedented recession experienced by Greece in previous years can also be characterized as a period of significant and inevitable adjustment with the elimination of the large macroeconomic imbalances of the past laying the foundations for the transition to a more sustainable model of economic growth based on extroversion and investment.

    [03] Tourist bus carrying students capsizes in Serres

    A tourist bus carrying students in Serres, northern Greece, capsized early on Friday.

    According to the police, 7-8 children have been slightly injured.

    The students, accompanied by their parents, were going to an excursion when the driver lost control and the bus capsized. An ambulance and the fire brigade have rushed to the area.


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