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Athens News Agency: News in English, 10-03-22

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

From: The Athens News Agency at <>


  • [01] Pangalos: Lawyers striking for right to declare average income of 15,000 euros
  • [02] Stocks end 1.91% lower

  • [01] Pangalos: Lawyers striking for right to declare average income of 15,000 euros

    "People have a hard time realising what their responsibilities are, particularly when they concern their own social group or category," government vice-president Theodoros Pangalos emphasised on Monday in reference to a series of strikes and industrial actions over the recent period against a series of austerity measures and the government's recently tabled draft tax bill.

    Pangalos made the statement during an address at a conference organised by International Herald Tribune in Athens.

    "The Athens Bar Association demands, with a strike to be launched today or tomorrow, the right for the lawyers in Greece to declare an average annual income of 15,000 euros. This means that lawyers in Athens have no idea what their tax obligations are," Pangalos sternly charged, referring to the extremely difficult period the Greek economy is undergoing.

    On his part, Minister of State Haris Pamboukis, speaking at the same conference, underlined that "Greece will not go bankrupt and will not exit the euro-zone."

    Along the lines of the phrase "on the bright side", Pamboukis said "the economic crisis can be seen as a major opportunity for Greece and Europe to move forward ... " while pointing out that "competitiveness and transparency are two major challenges for the Greek government."

    [02] Stocks end 1.91% lower

    Stocks suffered heavy losses at the Athens Stock Exchange on Monday, with the composite index of the market managing to end above the 2,000 level. The index ended 1.91 pct lower at 2,010.22 points, with turnover falling to 130.494 million euros.

    The FTSE 20 index dropped 2.16 pct, the FTSE 40 index ended 0.82 pct lower and the FTSE 80 index fell 0.65 pct. The Travel (4.69 pct) and Financial Services (3.57 pct) sectors suffered the heaviest percentage losses of the day, while Telecommunications (1.43 pct) and Commerce (1.33 pct) scored gains. Broadly, decliners led advancers by 113 to 43 with another 55 issues unchanged.

    Allatini Ceramics (10 pct), Hellenic Fish Farms (10 pct) and Elmec Sport (9.76 pct) were top gainers, while Kordelou Bros (14.29 pct), SIDMA (10.85 pct), Cardico (8.82 pct) and Lanacam (8.20 pct) were top losers.

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