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Athens News Agency: News in English, 09-02-25

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

From: The Athens News Agency at <>


  • [01] Papandreou chairs party meeting on economy
  • [02] Ecumenical Patriarch to visit Lesvos this week
  • [03] Greek stocks end 1.55 pct lower

  • [01] Papandreou chairs party meeting on economy

    Main opposition PASOK leader George Papandreou on Wednesday chaired a meeting of party officials on the economy, during which he accused Prime Minister Costas Karamanlis of going to Sunday's EU extraordinary summit on the economy "without a national agenda".

    Papandreou said Karamanlis should put forward five issues at the summit, namely, evolution of the Stability and Growth Pact, given that the target was developmental goals and not more flexibility; an increase in the EU budget; terms of operation of the European Central Bank (ECB); issuing an EU-bond with European resources, and finally, an EU initiative on southeastern Europe and the Balkans.

    Papandreou warned that the Greek prime minister must not agree to bilateral arrangements and dual supervision (of excessive deficit procedures).

    Europe needs to remember the cohesion policies and such issues as the Greek tourism sector, correspondingly to now other countries have their automobile industry, for example, at the crux of their interests, Papandreou said, adding that the government lacked a view regarding the EU "because its only concern is remaining in power".

    The PASOK leader also said that the global economic crisis has already reached Greece, adding that this was indicated by the problems in various branches and by layoffs, and charged that Greece had no structured plan for tackling the crisis, nor packages of measures, unlike the other EU countries.

    As an example, Papandreou said the "Karamanlis package" for the tourism sector has not been activated, while there was a major inadequacy in the function of the TEMPE (Small and Micro Size Businesses Guarantee Fund).

    "They're conducting economic policy via leaks," Papandreou said, adding that the state needed to move to the forefront, but "not the clientele, wasteful and ineffective state that has been created by ND".

    Caption: ANA-MPA file photo of PASOK leader George Papandreou.

    [02] Ecumenical Patriarch to visit Lesvos this week

    Ecumenical Patriarchate Bartholemew I (Vartholomeos) arrives on the eastern Aegean island of Lesvos on Thursday for a three-day visit.

    The Patriach is scheduled to take meetings with local officials, including Merchant Marine & Island Policy Minister Anastasis Papaligouras, and will visit a handful of local parishes and cathedrals.

    [03] Greek stocks end 1.55 pct lower

    Greek stocks ended lower at the Athens Stock Exchange on Wednesday, pushing the composite index of the market to new six-year lows. The index fell 1.55 pct to end at 1,521.49 points, with turnover at 103.1 million euros, of which 5.3 million euros were block trades.

    Most sectors moved lower, with the Telecommunications (4.84 pct), Insurance (3.94 pct), Financial Services (3.59 pct) and Banks (3.15 pct) suffering the heaviest percentage losses of the day, while Personal/Home Products (3.34 pct), Oil (1.04 pct) and Constructions (0.98 pct) scored gains.

    The FTSE 20 index fell 2.33 pct, the FTSE 40 index rose 0.53 pct and the FTSE 80 index eased 0.51 pct. Broadly, decliners led advancers by 120 to 87 with another 55 issues unchanged.

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