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Athens News Agency: News in English, 08-11-10

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

From: The Athens News Agency at <>


  • [01] HAU event showcases book preserving traditional Epirus songs, poetry
  • [02] Government-sponsored support package backed by banks

  • [01] HAU event showcases book preserving traditional Epirus songs, poetry

    The Hellenic American Union (HAU) on Monday hosted an event in Athens showcasing the book "A Weft of Memory, A Greek Mother's Recollection of Songs and Poems", written by linguist and retired US ambassador Thomas J. Scotes to preserve the folklore and traditional music of his mother's ancestral home in mountainous Epirus province, northwest Greece.

    The 300-page bilingual Greek and English volume catalogues and details traditional Epirot songs and poems.

    Scotes' mother, Vasiliki, was born in the village of Theodoriana, Arta prefecture, a century ago. She emigrated with her husband and family to the United States, and specifically to Harrisburg, Pa. in 1931

    [02] Government-sponsored support package backed by banks

    A government-sponsored plan unveiled to support the banking sector in Greece cope with the international financial crisis has the support of the overwhelming majority of the banks operating in the country, according to statements issued by the Hellenic Bank Association (HBA) and the Association of Co-operative Banks of Greece (ACBG). According to an HBA statement, "the suggested measures are moving on the right direction in support of the Greek economy and therefore they have the backing of the association despite the disagreement voiced by certain of its members." Banks, however, act individually as provided by the legislation on competitiveness and there can be no interbank agreement within the framework of the HBA, the statement reads. On their part the 16 banks represented by ACBG serving roughly 200,000 customers, private individuals and small-medium sized companies, notified Finance Minister George Alogoskoufis Monday on their intention to join the 28-billion-euro package extending credit to households and small and medium sized investors. According to ACBG, the preconditions and terms set will ensure transparency, allow for state control and keep the cost of money under control. Furthermore, all co-operative banks participate in the Credit Guarantee Fund for Small and Very Small Enterprises (TEMPME SA) facilitating access of small and very small enterprises to the country's financial system by providing guarantees and undertaking part of their financial and commercial risk.
    Athens News Agency: News in English Directory - Previous Article - Next Article
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