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Athens News Agency: News in English, 10-08-27

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

From: The Athens News Agency at <>


  • [01] Gov't: People realise major changes needed
  • [02] NBG group 1H profits at 146mln euros
  • [03] ND lashes out at gov't over memorandum
  • [04] Denationalisation advisers for banks

  • [01] Gov't: People realise major changes needed

    (ANA-MPA) -- A government spokesman on Friday emphasised that "we believe that we have the consent of the people in the major effort that we are making; that they have realised that great changes are needed even sacrifices."

    As regards a set of particularly gloomy perceptions of the local economy by Greek citizens -- as gauged by a recent Eurobarometer poll -- spokesman Giorgos Petalotis said the survey in question took place in May, when both efforts and procedures to buttress the country were at their peak. Conversely, he underlined that the most important finding is a maturity of the citizenry.

    Asked whether the government is thinking of changing terms of the memorandum, as requested by the Athens Chamber of Commerce and Industry (EBEA), Petalotis said that "to a very large degree the policies are the government's ... with the aim of exiting the crisis ... we do not need to change anything because, although difficult, decisions are necessary, not only for us to exit the crisis, for but us to proceed with major changes."

    [02] NBG group 1H profits at 146mln euros

    (ANA-MPA) -- Net profits of the National Bank group amounted to 146 million euros in the first half of 2010, burdened by one-off extraordinary tax contributions, losses from its portfolio of Greek state bonds and continuing high risk factors. The group's net profits in the second quarter totalled 125 million euros compared to 21 million euros in the previous quarter.


    [03] ND lashes out at gov't over memorandum

    A main opposition New Democracy (ND) spokesman on Friday again lashed out at the government over the memorandum signed by the Greek state with the EU Commission, ECB and IMF.

    Following an earlier announcement by the Athens Chamber of Commerce and Industry (EBEA), spokesman Panos Panayiotopoulos said ND party leader Antonis Samaras has warned the government over the memorandumās risks, while at the same time proposing specific solutions for an exit from the fiscal and economic crisis plaguing Greece.

    [04] Denationalisation advisers for banks

    (ANA-MPA) -- The international firms Deutsche Bank AG London Branch, HSBC BANK PLC and Lazard Freres SAS were chosen by the inter-ministerial restructuring and denationalisation committee as advisers of the Greek state, within the framework of the restructuring of the country's banking system.

    As announced by the finance ministry, the advisers will undertake the task of determining and assessing the state's strategic options, the evaluation of its participation in the banking system, as well as the assessment of the consequences of different options on the local credit system, particularly from the point of view of effectiveness and monetary stability. (ANA-MPA)

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