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Athens News Agency: News in English, 10-09-07

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

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

CONTENTS

  • [01] PM proceeds with sweeping cabinet reshuffle
  • [02] Second tranche of loan to Greece
  • [03] ND reaction on reshuffle
  • [04] Inflation at 5.5% in Aug.
  • [05] ASE opening: Decline

  • [01] PM proceeds with sweeping cabinet reshuffle

    (ANA-MPA) -- Prime Minister George Papandreou announced a major cabinet reshuffle in the early hours of Tuesday. According to a statement by the government spokesman, the composition of the new cabinet is as follows:

    Prime Minister: George Papandreou

    Government Vice President: Theodoros Pangalos

    Interior Minister : Yiannis Rangoussis

    Deputy Ministers: Giorgos Dolios, Theodora Tzakri

    Finance Minister: George Papaconstantinou

    Deputy Ministers: Filippos Sahinidis, Dimitris Kouselas

    Foreign Minister: Dimitris Droutsas

    Alternate Minister: Mariliza Xenoyiannakopoulou

    Deputy Ministers: Spyros Kouvelis, Dimitris Dollis

    National Defence Minister: Evangelos Venizelos

    Alternate Minister: Panos Beglitis

    Regional Development and Competitiveness Minister: Mihalis Chryssohoidis

    Alternate Minister: Socratis Xenidis

    Deputy Ministers: Panayiotis Rigas, Dinos Rovlias

    Maritime Affairs, Islands and Fisheries Minister: Yiannis Diamantidis

    Deputy Minister: Elpida Tsouri

    Environment Minister: Tina Birbili

    Alternate Minister: Nikos Sifounakis

    Deputy Ministers: Yiannis Maniatis, Thanos Moraitis

    Education Minister: Anna Diamantopoulou

    Alternate Minister: Fofi Yennimata

    Deputy Ministers: Evi Christofilopoulou, Yiannis Panaretos

    Infrastructures, Transports and Networks Minister: Dimitris Reppas

    Deputy Ministers: Yiannis Mangriotis, Spyros Vougias

    Labour and Social Insurance Minister: Louka Katseli

    Alternate Minister: Giorgos Koutroumanis

    Deputy Ministers: Vassilis Kegkeroglou, Anna Dalara

    Health and Social Solidarity Minister: Andreas Loverdos

    Deputy Ministers: Christos Aidonis, Mihalis Timosidis

    Agricultural Development and Food Minister: Costas Skandalidis

    Deputy Ministers: Milena Apostolaki, Yiannis Koutsoukos

    Justice, Transparency and Human Rights Minister: Haris Kastanidis

    Citizen's Protection Minister: Christos Papoutsis

    Deputy Minister: Emmanuel Othonas

    Culture and Tourism Minister: Pavlos Geroulanos

    Alternate Minister: Telemachos Hytiris

    Deputy Minister: Giorgos Nikitiadis

    State Minister: Haris Pamboukis

    Deputy Minister to the Prime Minister and Government Spokesman: Giorgos Petalotis.

    More details on the subscriber's page of APE-MPE | Subscription request form

    [02] Second tranche of loan to Greece

    Finance Minister George Papaconstantinou on Tuesday will brief his EU counterparts over progress in implementing an economic consolidation program agreed with the EU and the IMF before a Eurogroup meeting approves the handout of a second tranche of an EU loan facility to Greece, worth 9.0 billion euros.

    Eurogroup ministers are also expected to adopt recommendations made by the European Commission over accelerating implementation of structural reforms and strengthening the revenue leg of the mechanism.

    A group of "troika" experts are expected to visit Athens again in Sept. 13 to help the Greek government in drafting a 2011 state budget and finalising fiscal measures for next year.

    The ECOFIN and Eurogroup meetings, in Brussels, will focus on developments in the financial sector and more particularly on imposing a tax on banks and bank transactions.

    More details on the subscriber's page of APE-MPE | Subscription request form

    [03] ND reaction on reshuffle

    ANA-MPA/Main opposition New Democracy (ND) spokesman Panos Panagiotopoulos on Tuesday characterized the new government arising from a sweeping reshuffle announced in the first morning hours as "a twilight government", and spoke of a "failure of the government and tragicomic behind-the-scenes".

    Panagiotopoulos, in a dawn statement, stressed that "it took eleven months and a long night of unprecedented tragicomic behind-the-scenes for the Prime Minister to acknowledge his government's failure".

    "With the reshuffle, which was the product of pressure and comprises, the price was paid by certain members of the government, Panagiotopoulos added, warning, however, that "if they continue to exercise the same policy the people and the country will continue to pay the price.

    Concluding the ND spokesman said that PASOK is a "twilight" government that has been humiliating itself from the very beginning due to prime minister's handlings.

    More details on the subscriber's page of APE-MPE | Subscription request form

    [04] Inflation at 5.5% in Aug.

    (ANA-MPA) -- Inflation in Greece was running at a high 5.5 percent in August, according to figures released on Tuesday by the independent Hellenic Statistical Authority (ELSTAT), with the Consumer Price Index (CPI) recording a 5.5 percent rise compared with August 2009.

    The Consumer Price Index (CPI) in August 2010 compared with (ANA-MPA) August 2009, increased by 5.5%. The previous year, in August 2009, the annual rate of change of the CPI was 0.8%.

    The CPI in August 2010 compared with July 2010, decreased by 0.7%. The previous year, in August 2009, the monthly rate of change of the CPI was -0.7%. (ANA-MPA)

    More details on the subscriber's page of APE-MPE | Subscription request form

    [05] ASE opening: Decline

    Equity prices were declining at the opening of trade on Tuesday on the Athens Stock Exchange (ASE), in a mild adjustment after four days of rallying, with the basic share price index down 0.76 percent, standing at 1,660.72 points at 11:00 am, and turnover at 10.315 million euros.

    Individual sector indices were moving downward nearly across the board, with the only gains in Insurance, up 1.47 percent.

    The biggest losses were in Telecoms, down 1.89 percent; and Public Utilities, down 1.73 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 0.94 percent, the FTSE/ASE MID 40 index was down 0.87 percent, and the FTSE/ASE-80 small cap index was down 0.25 percent.

    Of the stocks traded, 14 were up, 43 were down, and 10 were unchanged.

    More details on the subscriber's page of APE-MPE | Subscription request form


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