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Athens News Agency: News in English, 09-02-10

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

From: The Athens News Agency at <>


  • [01] PASOK slams gov't over foreign policy, defence
  • [02] Greek stocks end 0.29 pct lower

  • [01] PASOK slams gov't over foreign policy, defence

    Main opposition PASOK leader George Papandreou on Tuesday told a meeting of his party's working group on foreign policy that PASOK's demand for change, with a mandate from the people, is more imperative than ever.

    "We have a government incessantly torn apart by internal strife, leaving the country without a compass -- a government that is a captive of interests and petty party expediencies," he underlined.

    On foreign policy, Papandreou said that "Greece needs an active and effective foreign policy and powerful Armed Forces" in order to serve national interests, and accused the government of inertia and of lacking a presence and positions abroad.

    On national defence issues he said that the Armed Forces today lacked meritocracy, while there was also a 'leakage' of 6 billion euros in the armaments' programmes, without the necessary framework of transparency and without it being made clear which of those programmes were really necessary.

    The government had no negotiating credibility abroad, Papandreou said, giving as an example that, while ECOFIN ministers were discussing how to exit the crisis, Greece was occupied by revelations about "sordid lists of jobbery coordinated by the ruling party".

    There was an immediate need for the country to recover its credibility abroad, and to establishment relations of trust with the Greek citizens, Papandreou concluded.

    [02] Greek stocks end 0.29 pct lower

    Greek stocks ended moderately lower in the Athens Stock Exchange on Tuesday, with the composite index of the market easing 0.29 pct to end at 1,763.08 points. Turnover shrank further to 78.9 million euros, of which 4.2 million euros were block trades.

    Most sectors moved lower, with the Insurance (4.33 pct), Media (2.35 pct) and Technology (1.35 pct) suffering the heaviest percentage losses of the day, while Constructions (2.45 pct), Commerce (2.16 pct) and Chemicals (2.12 pct) scored gains.

    The FTSE 20 index eased 0.43 pct, the FTSE 40 index ended 0.05 pct higher and the FTSE 80 index ended 0.09 pct up. Broadly, advancers led decliners by 97 to 91 with another 64 issues unchanged.

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