The Hellenic Radio (ERA): News in English, 08-10-03

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From: The Hellenic Radio (ERA) <www.ert.gr/>

CONTENTS

[01] Washington, USA

03 Ïêô 2008 20:53:00 (Last updated: 03 Ïêô 2008 21:48:56)

By Katerina Ioannidou

Sources: ÁNA-ÌPA-AFP

The House of Representatives has finally approved Paulsons bailout plan with 263 votes to 171 today Friday. The same Body had rejected the plan in the first vote. Speaker Nancy Pelozi and the White House expressed their satisfaction over development. US President George Bush, who also hailed the approval of the plan, will sign the relevant bill in the next 24 hours. Thus, US$700 billion will flow to the American Banking system. The news on the approval of the bailout plan pushed Stock Markets up. However, profits in Wall Street were limited as investors appeared reserved due to the prospects of retardation of economic development.

Earlier, the General Share Price Index of the Athens Stock Exchange dropped by 0.85%, closing at 2,804.95 points. At the same time, the Commission hailed the approval of Paulsons plan.

The monetary crisis will be discussed at the meeting of the four most economically roubust EU countries, the Commissions Presidents and the European Central Bank in Paris on Saturday.

Translated by John Crystallidis

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Focus on the US

[02] Nimetz Talks with Greece & FYROM

Sources: ÁNA-ÌPA-ÍÅÔ 105.8

UN Envoy Matthew Nimetz will meet with the Greek and FYROM (Former Yugoslav Republic of Macedonia) side in New York on Tuesday. Meanwhile, referring to FYROM PM Gruevskys provocative statements on a double name, Greek Foreign Ministry spokesman Giorgos Koumoutsakos described them not serious, adding they are distorting reality. He also said they are undermining efforts for finding a mutually accepted solution withing the UN framework. The name-issue will be discussed at a meeting chaired by Nicola Gruevsky in the presence of the countrys political party leaders.

Translated by John Crystallidis

[03] Negroponte Visits Baghdad

By Katerina Ioannidou

Sources: ÁNA-ÌPA-AFP

US Deputy Secretary of State John Negroponte arrived on an unannounced visit to Iraq on Friday, the US embassy in Baghdad said. Mr Negroponte will hold talks with Iraqi officials on the progress made in politics, economy and safety. There is no information available on the programme of his meetings. However, the visit is taking place during a period when Baghad and Washington are negotiating a deal for the American presence in Iraq after 2008. The so-called SOFA will decide on the future status of US troops after the end of 2008. Both sides still disagree on the US marine asylum in Iraq and the command of military operations.

Translated by John Crystallidis

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