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The Hellenic Radio (ERA): News in English, 08-11-24
From: The Hellenic Radio (ERA) <www.ert.gr/>
CONTENTS
[01] ASE Rises
[02] New Measures after EU's Proposals
[01] ASE Rises
The Athens Stock Exchange has risen today by 2.1% and closed at
1,864.81 points. Transactions amounted to 139 million euros, 13.2
million of which concerned pre-agreed transactions.
The High Capitalisation Index FTSE/20 rose by 2.08%, the Average Index
FTSE/40 by 1.01% and the Low Capitalisation Index FTSE/80 by 1.04%.Out
of the shares traded, 142 rose, 67 dropped and 59 remained unchanged.
News item: 15919
[02] New Measures after EU's Proposals
The government is expecting first the European Union's proposals in
order to propose new relief measures for low-income earners. Addressing
the annual conference of the Greek-American Chamber, Economy and
Finance Minister George Alogoskoufis stressed that if the EU decides to
slacken the stability pact, then Greece will use in the proper way the
opportunities offered. However, he said that due to the high public
debt the slackening could not be extensive. He also reported that a new
set of measures in support of low-incomer earners and small and
medium-sized enterprises would be proposed.
Development Minister Christos Folias has warned a new Banks at the
conference, calling on their boards to implement the rulings on the
improper terms, otherwise sanctions would be enforced.Addressing the
conference PASOK MP Anna Diamantopoulou argued that the Greek economy
could exceed the 3% deficit in order to finance new investments and
maintain the existing working positions. Earlier, the businessmen's
representatives had asked the immediate use of the 28-billion euro
packet for the restoration of liquidity in the economy. At the same
time, EVEA (Athens Chamber of Commerce and Industry) President
Konstantinos Michalos said how important it is for low-income earners
and small and medium-sized enterprises to be supported, describing the
28-billion euro packet to banks positive. However, he pointed out that
that money should be used for favourable loans to enterprises and
households. He also reported he is in favour of the release of "closed"
professions and the combating of extravagances in Public Utilities.
Finally, Eurobank financial advisor Gikas Hardouvelis proposed the
immediate implementation of the 28-billion euro plan to the banks to
prevent a negative rate in development.
News item: 15912
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