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Athens News Agency: News in English, 10-05-13

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

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

CONTENTS

  • [01] 3rd century BC Greeks went through austerity period
  • [02] ASE opening: Rise

  • [01] 3rd century BC Greeks went through austerity period

    Ancient Greeks at the end of the 4th century BC apparently went through a period of austerity and curtailment of wasteful spending similar to that Greece is facing today, according to finds in tombs in Ancient Pydna recently brought to light by excavations conducted by the 27th Ephorate of Prehistorical and Classical Antiquities.

    A recovery excavation in a land plot destined for the installation of a photovoltaic unit in the northwestern section of the fortified settlement of Ancient Pydna (in the present-day prefecture of Pieria) revealed two clusters of tombs dating back to the 4th and 3rd century BC respectively. The unviolated tombs bear witness to the passage from the age of wealth to an era of economic tightness in a region of strategic importance that was the most significant commercial center of the Macedonian kingdom.

    At the end of the 4th century BC, Athenian custodian Demetrios Falireus, appointed by King Cassander of Macedon, issues a decree prohibiting the erection of opulent tombs or funeral monuments, and recommending curtailment of extravagance in funerary rituals. Thus, the 4th century BC tombs are impressive and ornately built, while those of the 3rd century BC are smaller and more frugal, deputy supervisor of the Pydna excavations Manthos Bessios told ANA-MPA.

    Thus, where the 4th century tombs contained offerings made of precious materials, such as gold jewelry, elaborate vases and ivory-plated beds, the 3rd century BC tombs were smaller, less elaborate, and contained instead offerings of more mundane materials, such as clay, although both clusters of tombs were of men, women and children of the affluent social class.

    [02] ASE opening: Rise

    Equity prices were rising at the opening of trade on Thursday on the Athens Stock Exchange (ASE), with the basic share price index up 0.87 percent, standing at 1,764.89 points at 11:15 am, and turnover at 13.934 million euros.

    Individual sector indices were moving mostly upward, with the biggest gains in Health, up 2.56 percent; and Food and Beverages, up 2.55 percent.

    The biggest losses were in Public Utilities, down 0.44 percent; and Personal and Telecoms, down 0.38 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 0.92 percent, the FTSE/ASE MID 40 index was up 0.82 percent, and the FTSE/ASE-80 small cap index was up 0.64 percent.

    Of the stocks traded, 44 were up, 9 were down, and 23 were unchanged.


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