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Athens News Agency: News in English, 09-03-11

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

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

CONTENTS

  • [01] FinMin on bank liquidity plan
  • [02] ASE : Big Rise

  • [01] FinMin on bank liquidity plan

    "The government is determined to fully implement the law on bank liquidity and, by extension, the economy, to the benefit of the small and middle sized enterprises, households and citizens", Economy and Finance Minister Yannis Papathanassiou said on Wednesday after the first meeting of the relevant Monitoring Council.

    During the meeting, Bank of Greece (BoG) governor George Provopoulos briefed the participants on the progress in the program for liquidity of the economy and the relevant procedures were discussed.

    BoG is monitoring the course of the plan and, according to the Ministry, the issue is not the immediate absorption of the entire liquidity package but to have liquidity throughout the entire duration of the financial crisis.

    Papathanassiou added that the Monitoring Council, comprising the commissioners designated by the government at the banks that have joined the plan, will convene on a monthly basis.

    Caption: ANA-MPA file photo of FinMin Yannis Papathanassiou

    [02] ASE : Big Rise

    Equity prices were rising on Wednesday on the Athens Stock Exchange (ASE), with the basic share price index up 1.79 percent, standing at 1,579.02 points at 12:15 a.m., and turnover at 54.6 million euros.

    Individual sector indices were moving mostly upward, with the biggest gains in Telecoms, up 3.77 percent; Banks, up 2.93 percent; Technology, up 2.86 percent; and Food & Beverage, up 2.37 percent.

    The biggest losses were in Media, down 0.40 percent; and Chemicals, down 0.35 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 2.35 percent, the FTSE/ASE MID 40 index was up 1.25 percent, and the FTSE/ASE-80 small cap index was up 0.47 percent.

    Of the stocks moved, 105 were up, 30 were down, and 24 were unchanged.


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