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Athens News Agency: News in English, 09-07-20

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

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

CONTENTS

  • [01] PASOK tables draft law on consumer debts
  • [02] Industrial activity down in May

  • [01] PASOK tables draft law on consumer debts

    Main opposition PASOK on Monday announced that a draft law will be tabled in Parliament on the same day providing for the settlement of the debts of heavily indebted consumers.

    According to the proposal, consumers with a confirmed and permanent inability to pay off their debts will be given the opportunity through clearly defined procedures to proceed with settlements allowing them to balance part of their debts with realistic terms based on their income. The sum paid will be defined by the courts after taking under consideration debtors' income and living standards.

    [02] Industrial activity down in May

    Economic activity slowed further in Greece, according to figures released by the National Statistical Service on Monday, with the new orders' index in the industrial sector (measuring both the domestic and foreign markets) falling by 37.7 pct in May, compared with the corresponding month last year, after an increase of 7.1 pct in May 2008.

    The average index in the 12-month period from June 2008 to May 2009 was down 16.5 pct compared with the same period in 2008, after a decline of 2.0 pct in the 12-month period last year.

    The turnover index in the industrial sectors plunged 30.7 pct in May 2009, compared with May 2008, after an increase of 12.8 pct in May last year, with the average 12-month period index (June 2008-May 2009) falling by 9.8 pct.


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