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Athens News Agency: News in English, 09-01-08

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

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

CONTENTS

  • [01] New Cabinet sworn in on Thursday
  • [02] Alavanos calls for Parliament com't review of police
  • [03] Greek bond market closing report
  • [04] Greek stocks down 0.37%

  • [01] New Cabinet sworn in on Thursday

    <!--The new Cabinet arising from a robust reshuffle by Prime Minister Costas Karamanlis the previous day was sworn in on Thursday.After the swearing-in ceremony, which was officiated by Archbishop Ieronymos of Athens and All Greece and held in the presence of President of the Republic Karolos Papoulias and the premier, new ministers and deputy ministers, who went to their respective ministries to take over their new portfolios from their predecessors.Karamanlis advised his newly sworn-in new Cabinet members to engage in "few words, and much more work", in the new Cabinet's first meeting after a swear-in ceremony.

    Karamanlis said the government was making a new beginning, with a step towards renewal and continuity. "We don't care about impressions, but about substantive results," the premier said, adding that the experience of the old and the dynamism of new members was being utilised.

    He said the government's goal was to provide efficiency, stability, certainty and security to the citizens. "We have an uphill road ahead, and there are no easy solutions," the premier said, stressing that "we are determined to succeed".

    The priorities he set out were the national interests, the citizens' security, the economy, and solving the problems faced by the youth and in the sectors of education, health and social cohesion, as well as the impact of the global financial crisis.

    Caption: ANA-MPA file photo of Prime Minister Costas Karamanlis (L) and President of Republic Karolos Papoulias (R).-->

    [02] Alavanos calls for Parliament com't review of police

    Radical Left Coalition (SYRIZA) Parliamentary head Alekos Alavanos on Thursday called for the establishment of a Parliamentary committee that will focus on the "radical democratisation of police", as he stated in a letter to Parliament President Dimitris Sioufas.

    Alavanos said his initiative comes "after the events that followed the fatal crime against the young pupil Alexis Grigoropoulos to the murderous attack, which caused the serious injury, to young police officer Diamantis Mantzounis."

    [03] Greek bond market closing report

    Turnover at the Greek electronic secondary bond market shrank to 130 million euros on Thursday, of which 85 million euros were buy orders and the remaining 45 million euros were sell orders. The 10-year benchmark bond (July 20, 2018) was the most heavily traded security with a turnover of 35 million euros. The yield spread between the 10-year Greek and German bonds widened to 214 basis points, with the Greek bond yielding 5.25 pct and the German Bund 3.12 pct.

    In interbank markets, interest rates fell further. The 12-month Euribor rate was 2.88 pct, the six-month rate was 2.81 pct, the three-month rate was 2.72 pct and the one-month rate 2.44 pct.

    [04] Greek stocks down 0.37%

    Greek stocks changed direction at the Athens Stock Exchange on Thursday, ending lower after Wednesday's sharp advance, as investors took profits. The composite index of the market ended 0.37 pct lower at 1,913.60 points, with turnover a steady 140.7 million euros, of which 13.2 million euros were block trades.

    Most sectors moved lower, with the Travel (5.11 pct), Financial Services (4.43 pct) and Chemicals (3.0 pct) scoring the biggest percentage gains of the day, while Telecoms (4.72 pct), Food/Beverage (2.52 pct) and Raw Materials (2.02 pct) suffered losses.

    The FTSE 20 index fell 0.12 percent, the FTSE 40 index ended 0.32 pct higher and the FTSE 80 index rose 0.14 pct. Broadly, decliners led advancers by 108 to 90 with another 53 issues unchanged.


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