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Athens News Agency: News in English, 08-09-19

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

From: The Athens News Agency at <>


  • [01] Papandreou hosts dinner for party MPs
  • [02] President briefed by FinMin

  • [01] Papandreou hosts dinner for party MPs

    "The latest developments reveal the true face of the ruling New Democracy (ND) party," main opposition PASOK leader George Papandreou said on the sidelines of a dinner he hosted Thursday night for his party MPs participating in the third summer recess session of parliament. Speaking to reporters, Papandreou pointed out that two factors have played a decisive role in this revelation, namely, the people's awareness and the systematic effort made by PASOK to bring the problems to light. Referring to the results of recent opinion polls, Papandreou said that they are the reflection of the governmental policy and the problems faced by the people. He said that the top issues for PASOK are the "people's finances" and the "lack of a social state", stressing that if the sectors of health and education were functioning properly the people would feel less burdened. He also pointed out that PASOK's priorities were on transparency and unemployment. Caption: ANA-MPA file photo of main opposition PASOK party leader George Papandreou

    [02] President briefed by FinMin

    President of the Republic Karolos Papoulias on Friday received Economy and Finance Minister George Alogoskoufis, who briefed him on the latest global economic developments, particularly following the collapse of Lehman Brothers, the fourth largest investment bank on Wall Street.

    Speaking to reporters afterwards, Alogoskoufis noted that for the past year a major crisis has hit the international credit system, coupled by an exacerbation in worldwide inflation rates, while referring to the recent developments in the United States, he said the crisis that started in American markets has predictably affected the entire world, since it has resulted in an increase in interest rates and a lack of capital liquidity on the markets.

    Regarding the impact on Europe, Alogoskoufis said there was stagnancy in many economies during the first six months and an increase in inflation. Referring to the Greek economy in particular, he said repercussions were chiefly in interest rates and inflation, which in turn affects households, public finances and the economy and its growth.

    The minister added, however, that the effects on the Greek economy were much smaller compared with other economies, and it was important that the guidelines set out by the government's economic staff to be continued with consistency and continuity, so that growth will continue and so that effects of inflation and rising interest rates could be ameliorated.

    Caption: ANA-MPA file photo of FinMin George Alogoskoufis.

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