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Athens News Agency: News in English, 08-12-31

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

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] New Year's message by PM Karamanlis
  • [02] Greek stocks end 2008 1.18% down

  • [01] New Year's message by PM Karamanlis

    Prime Minister Costas Karamanlis underlined in his New Year message that the Greek people will prove once again that they are able to face major challenges with unity and solidarity. The prime minister pointed out that 2009 will be a very difficult year for humanity, considering that all countries are experiencing the consequences of the worst post-war international economic crisis. "Uncertainty and heightened concern dominate a Europe faced with economic slowdown and rising unemployment. The consequences are being apparent in our country as well but nonetheless our economy is proved more resilient compared to other countries thanks to the reforms implemented in recent years. Deficits were reduced, unemployment was limited and economic liquidity was safeguarded through swift interventions," the prime minister stressed. PM Karamanlis called on all political powers to display a measure of responsibility, stressing that the government's will is not enough in such crucial times. He underlined that "irresponsible populism should be cast aside, extreme groups resorting to catastrophic violence be isolated, while attitudes that work against the dynamism of the economy, social cohesion and the essence of our democracy should be set aside." "We are determined to continue with steady steps and new momentum the implementation of reforms that are necessary to turn the international challenge into an opportunity to have the future we all aspire to create," the prime minister concluded.

    [02] Greek stocks end 2008 1.18% down

    Greek stocks ended lower in the last trading session of 2008, unable to maintain early gains as sellers took the upper hand of the market in the last hour of trading. The composite index of the Athens Stock Exchange fell 1.18 pct to end at 1,786.51 points, with turnover a low 87.2 million euros, of which 9.9 million euros were block trades.

    Most sectors moved lower, with the Media (4.57 pct), Travel (4.10 pct) and Utilities (2.36 pct) suffering the heaviest percentage losses while Healthcare (7.22 pct), Insurance (2.45 pct) and Commerce (2.33 pct) scored gains.

    The FTSE 20 index fell 1.58 pct, the FTSE 40 index ended 0.01 pct up and the FTSE 80 index eased 0.43 pct. Broadly, advancers led decliners by 109 to 93 with another 62 issues unchanged.


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