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Athens News Agency: News in English, 08-08-11

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

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

CONTENTS

  • [01] PASOK criticises gov't on GDP
  • [02] GDP up 3.4 pct

  • [01] PASOK criticises gov't on GDP

    <font size="2" face="Verdana">Main opposition PASOK party economic rapporteur Louka Katseli commenting Monday on the Greek Domestic Product data for the second quarter of 2008 released earlier in the day, said "the continuing slowdown of the GDP increase rate at a 3.4% indicates that the country's economic development reserves are running as a result of the government's policy." According to Katseli, the "lack of a growth plan, the freezing of public investments, the tax burdening of middle and low income earners, the lack of effective control in the market and the absence of measures shielding our economy lead to a crisis resulting to a fall of the standard of living and the domination of insecurity in markets". SYRIZA

    Radical Left Coalition (SYRIZA) party representative Panayiotis Lafazanis on his part commented: "The steadfast decrease, from one year's quarter to another, of growth rates makes real the nightmare of a recession. The government's escalating neo-liberal reforms are destructuring, instead of shielding, the Greek economy and lead to the looting of the workers' income."

    Caption: ANA-MPA file photo of main opposition PASOK headquarters in Athens

    [02] GDP up 3.4 pct

    The Greek Gross Domestic Product (GDP) increased by 3.4 per cent in the second quarter of 2008 compared to last year's corresponding period, the National Statistics Service (ESYE) announced on Monday.

    Investments during the same period fell by 2.8 pct compared to the 2007 corresponding period.

    Exports increased by 3.7 pct, while imports decreased by 3.8 pct in the same period, ESYE said.

    Caption: ANA-MPA file photo


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