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Athens News Agency: News in English, 10-08-28

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

From: The Athens News Agency at <>


  • [01] FinMin meets BOG governor
  • [02] KKE on electricity cost

  • [01] FinMin meets BOG governor

    Finance Minister George Papaconstantinou met on Friday with the Bank of Greece (BoG) Governor George Provopoulos, with talks focusing on economic developments.

    Also discussed were the implementation of the memorandum, reforms, as well as conditions in the domestic banking system.

    The minister briefed Provopoulos on the hiring of three international advisors to evaluate the state's share in banks, and the trio‚s pending proposals on strategic actions that must be applied in the domestic financial system.

    On his part, Provopoulos briefed the Greek FinMin on banks‚ 1H results and credit expansion as well as on his recent meeting with the heads of the country‚s largest bank directors.

    [02] KKE on electricity cost

    The Communist Party of Greece (KKE), in an announcement over the weekend, expressed disagreement with increases in Public Power Corporation (DEH) invoices.

    It called on working people to form a "struggle front" for the abolition of VAT and other indirect taxes, as well as for 30 percent cheaper electricity, water and telephone rates for the unemployed and low wage earners.

    KKE added that working class households cannot bear the PPC's invoices that are already very costly and if the exorbitant increases decided by the government are implemented, combined with the high cost of living that is surging and the new increases in VAT, it will be the final blow for them.

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