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Athens News Agency: News in English, 10-01-27

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

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

CONTENTS

  • [01] EU launches inquiry over farm payments in Greece
  • [02] Gov't dismisses asset sale claims

  • [01] EU launches inquiry over farm payments in Greece

    BRUSSELS (ANA-MPA) -- The European Commission on Wednesday announced a decision to launch an official inquiry procedure over compensation payments ‚ worth 425 million euros - to Greek farmers by the Organisation of Greek Agricultural Insurance (ELGA) in the period 2008-2009.

    The Commission expressed doubts over the compatibility of the financial support payments to Greek farmers, saying it doubted the extent of natural disasters in Greece during the period.

    Meanwhile, Bulgarian and Romanian experts arrived on Wednesday in Brussels to brief Community services over damages suffered to their commodities because of road blocks raised by Greek farmers on the country's northern frontiers.

    [02] Gov't dismisses asset sale claims

    (ANA-MPA) -- Greece on Wednesday categorically dismissed press reports that the government has reached any direct or indirect agreement to sell state debt, bonds or other Greek assets to investment groups in China or elsewhere.

    A finance ministry announcement also dismissed reports that the ministry has authorised an investment bank to negotiate such agreements on behalf of the Greek government.

    The announcement also stressed that the smooth servicing of the country‚s public debt was a top priority of the government and that the framework of a government borrowing programme included a geographical diversification of funding sources.

    Finance Minister George Papaconstantinou recently visited London to meet with international institutional investors, while similar meetings are scheduled in Athens and during his visit to the United States and Asia.

    The announcement stressed that a successful sale of a five-year syndicated bond loan in Jan. 25, was proof of demand for Greek bonds in international markets and stressed that a successful implementation of a stability and growth programme by the government would lead to better borrowing terms.


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