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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 <>


  • [01] PM proceeds with sweeping cabinet reshuffle
  • [02] Ecofin approves 2nd tranche of loans to Greece
  • [03] Stocks end 3.29% lower

  • [01] PM proceeds with sweeping cabinet reshuffle

    (ANA-MPA) -- Greek Prime Minister George Papandreou proceeded with a major cabinet reshuffle made public in the early hours of Tuesday, with 48 Cabinet members now comprising the Greek government, of which seven members are alternate ministers -- up from two in the previous Cabinet -- and 24 deputy ministers. Practically all of the Cabinet members are also MPs from the ruling PASOK party.

    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 Insurances 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] Ecofin approves 2nd tranche of loans to Greece

    BRUSSELS (ANA-MPA) -- An Ecofin meeting on Tuesday decided that from 2011 onwards all EU member-states will table their state budget draft bills for the next year to EU agencies for approval in the first half of each year, a procedure coming before national parliaments begin their ratification process.

    Greek Finance Minister George Papaconstantinou, speaking to reporters here, expressed his satisfaction with this decision and noted that based on legislation regulations adopted by Greece last July, the basic principles of annual state budgets would be drafted during the first quarter of the previous year.

    Moreover, the Ecofin council approved, with no debate, a second tranche of an EU loan facility to Greece. (ANA-MPA)

    The Greek minister told reporters that EU finance ministers exchanged views over a series of issues, such as strengthening sanctions against member-states breaching fiscal discipline rules, setting up a reserve fund to deal with future crises, taxing financial transactions, without reaching any specific decisions.

    Papaconstantinou stressed that a priority of government policy was to promote structural changes, privatisations and the consolidation of the domestic banking sector. (ANA-MPA)

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

    [03] Stocks end 3.29% lower

    Stocks ended lower at the Athens Stock Exchange on Tuesday as investors took profits after a four-day rally which added 7.59 pct to the market. The composite index fell 3.29 pct to end at 1,618.31 points, with turnover a low 93.328 million euros.

    The Big Cap index fell 3.75 pct, the Mid Cap index ended 2.33 pct lower and the Small Cap index fell 0.98 pct. All sectors moved lower with the Raw Materials (4.95 pct) and Banks (4.83 pct) suffering the heaviest percentage losses of the day.

    Broadly, Viokarpet (9.68 pct), Koubas (9.52 pct) and Info-Quest (8.62 pct) were top gainers, while Attikat (13.33 pct), Euroholdings (9.68 pct) and Teletypos (9.32 pct) were top losers.

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

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