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Athens News Agency: News in English, 08-10-15

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

From: The Athens News Agency at <>


  • [01] PASOK criticizes govt measures to support Greek banks
  • [02] Papoulias wraps up Vietnam visit

  • [01] PASOK criticizes govt measures to support Greek banks

    The main opposition PASOK party on Wednesday strongly criticized a government-sponsored plan to offer financial assistsance to Greek banks amid an international credit crisis, saying the package of measures announced by economy and finance minister was a ?open cheque? to banks.

    Louka Katseli, PASOK deputy responsible for economic affairs, speaking to reporters, said the government was offering cheap liquidity to Greek banks which in turn offered no insurance that increased liquidity would be distributed in the real economy to the benefit of Greek taxpayers.

    The package of measures, included the offering of state guarantees and the issuance of special bonds, did not include any requirements over the capital adequacy ratios of banks, as it should, Katseli said, adding that the premium of 100-150 basis points that banks would pay to obtain Greek state guarantees for sums up to 15 billion euros was extremely low compared with international standards. The government was giving away around 100 million euros to banks, she noted.

    [02] Papoulias wraps up Vietnam visit

    President of the Republic Karolos Papoulias concluded Wednesday a four-day visit to Vietnam with the inauguration of a school building, whose construction was financed by Greece.

    The 200,000-euro school, with a capacity of 500 students, was built in the ancient city of Hue, in central Vietnam.

    Greece also donated 100 wheelchairs and 40,000 euros for disabled children as well as 30,000 euros for the construction of a bridge outside Hanoi.

    During his visit, Papoulias had a series of meetings with the country‚s top state and political leadership, while three bilateral agreements were signed concerning investments in renewable energy sources and cooperation at foreign ministry level.

    Papoulias returns to Athens on Thursday.

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