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Athens News Agency: News in English, 10-08-20

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

From: The Athens News Agency at <>


  • [01] PM talks with BoG chief
  • [02] 'Antikythera Mechanism' exhibition on Kythera
  • [03] Govt' on economic growth
  • [04] Central government debt
  • [05] ASE opening: Decline

  • [01] PM talks with BoG chief

    ANA-MPA/Prime Minister George Papandreou on Thursday emphasised that the first goals in the country's closely watched fiscal restructuring and deficit-busting programme have been met, in greeting Bank of Greece (BoG) Gov. George Provopoulos to his office.

    The Greek premier said the next steps aim to buttress a secure economic climate, social justice and the economy growth.

    On his part, Provopoulos' initially said that despite whatever problems the country's public finances have been reined in, allowing for the creation of a "virtuous cycle" in the economy. "We're leaving behind a vicious cycle," he said upon arriving at the Maximos Mansion office.

    Finance Minister George Papaconstantinou was also at the meeting, following his earlier meeting with Papandreou.

    [02] 'Antikythera Mechanism' exhibition on Kythera

    An exhibition entitled "The Mechanism of Antikythera" will be on display on the southwestern Aegean island of Kythera (Kythira) until Sept. 19, an initiative by the ministry of education.

    The exhibition opened on Aug. 11 in Potamos, Kythera while on Aug. 19 the exhibition was transferred to Chora, the island's main town.

    Visitors of the exhibition will be able to learn about the history of the ancient mechanism, believed to be an ancient mechanical calculator (also described as a primordial "mechanical computer") designed to calculate astronomical positions.

    The artifact was discovered within an ancient shipwreck off the nearby isle of Antikythera, between Kythera and Crete . It has been dated to about 150-100 BC. Technological devises of similar complexity appeared a thousand years later, scholars have noted.

    [03] Govt' on economic growth

    Government spokesman George Petalotis, speaking to public radio on Thursday, expressed a conviction that if the government continues with the same and even speedier rates then economic growth will return in 2012, accompanied by a decrease in unemployment and boosted entrepreneurship.

    Petalotis also termed the upcoming elections a "local administration struggle with strong political characteristics," explaining that we have to do with a new, now, self administration with the new "Kallikratis" institution that, as he said, must begin with persons who will believe in this very great change.

    [04] Central government debt

    ANA-MPA/The central government's debt amounted to 316.954 billion euros as of June 30, up from 310.387 billion euros at the end of March.

    The Greek state's cash reserves at the end of June totalled 7.465 billion euros, slightly up from 7.159 billion euros on March 31, while the Greek state's securities reached 25.496 billion euros from 25.408, respectively.

    The data was announced by the State General Accounting Office.

    [05] ASE opening: Decline

    Equity prices were declining at the opening of trade on Friday on the Athens Stock Exchange (ASE), with the basic share price index down 0.67 percent, standing at 1,637.09 points at 11:00 am, and turnover at 7.088 million euros.

    The biggest gains were in Construction, up 0.93 percent; and Financial Services, up 0.25 percent.

    The biggest losses were in Insurance, down 1.50 percent; and Technology, down 1.13 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 0.32 percent, the FTSE/ASE MID 40 index was down 0.53 percent, and the FTSE/ASE-80 small cap index was down 0.07 percent.

    Of the stocks traded, 14 were up, 24 were down, and 19 were unchanged.

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