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The Hellenic Radio (ERA): News in English, 09-02-15
From: The Hellenic Radio (ERA) <www.ert.gr/>
CONTENTS
[01] International Concern over Greek Economy
[01] International Concern over Greek Economy
News
The Greek economy grew by 3.0 pct in 2008, down from 4.0 pct in 2007,
according to provisional figures published by the National Statistics
Service on Friday. The statistics service, in a report, said the
economic growth rate in the fourth quarter of 2008 was 2.6 pct, down
from 2.9 pct in the previous quarter, while on a quarterly base,
economic growth rate in the October-December period was 0.3 pct,
slightly from 0.5 pct in the third quarter. Greece's finance ministry,
in an updated Stability and Growth programme submitted with the
European Union, envisages a growth rate of 1.1 pct this year.
In the G7 Summit Meeting taking place in Rome on Saturday all financial
minister said no to protectionism while many state members are to adopt
separate initiatives in order to shield their economies.
In Britain, the financial crisis has affected the popularity of prime
minister Gordon Brown as the percentages of the governmental party are
dropping and the gap with the opposition party continues to widen. The
Working party gathers 25% against 45% of votes in favor of the
Preservatives. It must be noted that the British government decided to
reduce the VAT in British products in order to boost the country's
market. What rises interest is that Paul Moore, the bank whistleblower
whose revelations forced the resignation of a senior Government
adviser, has called for Prime Minister Gordon Brown to go for his part
in creating the financial crisis.
Source: Athens News Agency
News item: 18964
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