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Athens News Agency: News in English, 08-10-29

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

From: The Athens News Agency at <>


  • [01] PM chairs Inner Cabinet on int'l financial crisis
  • [02] OA strike on Thurs.

  • [01] PM chairs Inner Cabinet on int'l financial crisis

    The Inner Cabinet met on Wednesday, chaired by prime minister Costas Karamanlis, to discuss the international financial crisis, and was briefed by economy and finance minister George Alogoskoufis on the latest developments.

    Speaking to reporters afterwards, Alogoskoufis said that "we have one of the severest financial crises, which impacts Europe and the other countries of the world", and noted that the repercussions in Greece were fewer than elsewhere, but warned that "we must be vigilant".

    Alogoskoufis said that the government has already tabled in parliament a plan aimed at increasing the liquidity of the economy, so that there would be no problems in investments, for SMEs, or for consumers.

    "We have an integrated plan to confront the problems in the credit sector, and this plan will help the economy continue growth in the coming year as well," he said.

    However, he warned, "we cannot overlook the fact that in the rest of Europe there are already indications of recession, which affects very many countries, and we must be vigilant in order to display flexibility and seriousness in confronting the effects".

    Alogoskoufis stressed that there must be no doubt that the government will take all measures necessary for boosting the growth of the economy and for tackling the problems of those most affected by the crisis, but in the framework of the country's fiscal abilities.

    The government has already given proof of its intentions, the minister said, while he also criticised "those who submit proposals that lack seriousness", adding that "proposals are being heard which, if implemented, not only would not solve the problems but would create even bigger problems for the Greek citizens".

    Such proposals could be not be treated seriously, he added.

    [02] OA strike on Thurs.

    An umbrella union (OSPA) representing Olympic Airways (OA) employees on Wednesday announced a 24-hour strike for Thursday, a development likely to delay or cancel much of the carrier's daily flight programme.

    Initially, the company said 48 flights, mostly domestic, will be cancelled.

    The union said the industrial action comes in protest to government plans to privatise the carrier, with a relevant debate beginning in Parliament on the same day.

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