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Athens News Agency: News in English, 08-10-10

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

From: The Athens News Agency at <>


  • [01] PM Karamanlis in Malta
  • [02] ASE: Record 8.07pct dive
  • [03] Family Law reform bill
  • [04] Athens Newspaper Headlines

  • [01] PM Karamanlis in Malta

    Prime Minister Costas Karamanlis arrived in Malta on Thursday afternoon for an official two-day visit and will be holding talks with the country's political and state leadership on Friday.

    At 09:35 local time (10:35 Greek time), Karamanlis will be having a private meeting with Maltese Prime Minister Lawrence Gonzi. Their meeting will last for 20 minutes and will be followed by official talks between the two delegations. The talks are scheduled to last 40 minutes and at 11:30 the Greek prime minister will be giving a press conference. Karamanlis will then be meeting President of the Republic Edward Fenech Adami.

    At 12:30 at noon, Karamanlis will visit Saint John's Cathedral in Valetta and at 13:30 he will attend a luncheon given in his honour by the Maltese President of the Republic.

    The Greek prime minister will visit the old city of Mdina at 15:15 and at 16:30 he will meet the leader of the main opposition party.

    Lastly, at 20:00, Karamanlis will attend a dinner given in his honour by the Maltese prime minister.

    [02] ASE: Record 8.07pct dive

    Equity prices were plunged a record 8.07 percent at the opening of trade on Friday on the Athens Stock Exchange (ASE), influenced by dives on the major European money markets, with the basic share price index down 8.07 percent, standing at 2,300.91 points at 10:45 a.m., and turnover at 30.4 million euros.

    Individual sector indices were moving downward across the board, with the heaviest losses in Personal & Household Goods, down 13.71 percent; Raw Materials, down 11.18 percent; Construction, down 9.64 percent; Industrial Products, down 9.65 percent; and Technology, down 8.64 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 7.88 percent, the FTSE/ASE MID 40 index was down 9.45 percent, and the FTSE/ASE-80 small cap index was down 5.14 percent.

    Of the stocks moved, 7 were up, 152 were down, and 18 were unchanged.

    [03] Family Law reform bill

    A bill reforming the current Family Law legislation, tabled in parliament on Thursday by the Justice Ministry, drastically reduces the separation period required for the dissolution of a marriage with an "automatic" (consensual) divorce and the termination of a Free Cohabitation Agreement between a heterosexual couple.

    Justice Minister Sotiris Hatzigakis, outlining the main points contained in the bill during a press conference on Thursday, termed the reforms "radical" and said that "I am pleased because a considerable reform is being effected."

    According to the bill, the separation time between husband and wife will decrease to two years from the current four, as unchallengeable proof of a marriage's collapse, meaning the time anticipated for the beginning of procedures for the issuing of a consensual divorce.

    The Free Cohabitation Agreement, which was recently legislated in Greece and applies exclusively to heterosexual couples, is set up wiith a notary document and is entered in a special register, while it is dissolved either with a corresponding notary deed, or with a marriage between the two partners who have concluded the agreement, or between one of the partners with a third person.

    Children that have been born or that shall be born are recognised as "genuine" children and are equated absolutely with children born in wedlock (during the marriage).

    Caption: ANA-MPA file photo

    [04] Athens Newspaper Headlines

    The Friday edition of Athens' dailies at a glance

    The international financial crisis and the plunges on the stockmarkets, the amendment raising the deposits guarantee to 100,000 euros for three years, and the Vatopedi monastery scandal dominated the headlines on Friday in Athens' newspapers.

    ADESMEFTOS TYPOS: "The 'heavy artillery' Ministers begin tours in the periphery".

    APOGEVMATINI: "Economy ministry circular settles 640,000 citizens' debts to the state".

    AVGHI: Opinion poll indicates that 75 percent of the citizens want more state intervention to fortify the economy".

    AVRIANI: "New settlement of 500,000 citizens' debts to the state", with down payment of 15 percent and 24 monthly repayment installments.

    CHORA: "Back to statism - The international looting by (US President) 'Bush & Co.' dissolving globalisation".

    ELEFTHERI ORA: "Metal cages for human animals: 1.3 sq. meter 'boxes' used for transport of our detainees each".

    ELEFTHEROS TYPOS: "55 dossiers of Reinhard Siekaczek (Siemens slush fund manager) in the prosecutors' hands".

    ELEFTHEROTYPIA: "Vatopedi: 31 contracts for 260 state land properties that were exchanged for Vistonida lake".

    ESTIA: "Wrong policy on taxation regarding the distribution of direct and indirect taxes ".

    ETHNOS: "Witness 'burns' three Ministers in Vatopedi case".

    KATHIMERINI: Opinion poll conducted by the newspaper indicates that "Prime Minister Karamanlis is more suitable for prime minister, but main opposition PASOK leads (in popularity over the ruling New Democracy)".

    LOGOS: "Nervousness in East and West - Oil under 88 dollars (per barrel) - Hopes for more reductions in key interest rates".

    NIKI: "Ephrem (Vatopedi Monastery abbot) constanly in and out of Maximos mansion (government headquarters)".

    RIZOSPASTIS: "Call for counter-attack with a solid Communist Party spearheading the working classes' demands".

    TA NEA: "Miracle,miracle Abbot Ephrem sold...108 percent of Lake Vistonida (to the State in exchange for 31 state land properties".

    TO VIMA: "The State returns internationally returns and fortifies the banks - Unprecedent interventions in London and New York".

    VRADYNI: "Civil war among banks, with victim the market".

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