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Athens News Agency: News in English, 10-11-19

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

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

CONTENTS

  • [01] FinMin: Only long-term Eurozone solution will calm jittery markets
  • [02] Ruling on memorandum legality
  • [03] Stocks nosedive 0.68%

  • [01] FinMin: Only long-term Eurozone solution will calm jittery markets

    FRANKFURT (ANA-MPA) -- Greek Finance Minister George Papaconstantinou was quoted here on Friday as stating that even if Ireland decides to accept assistance from Eurozone countries, it would not be enough to calm jittery markets, which are awaiting the creation of a permanent mechanism to tackle EU crises, according to a report by AFP.

    Papaconstantinou said markets remained tense because they have not been persuaded that long-term solutions are on the horizon.

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

    [02] Ruling on memorandum legality

    (ANA-MPA) -- A Council of State (CoS) plenum will convene on Tuesday to hear civil suits brought by trade unions against wage cuts and austerity measures imposed this year by the government.

    The civil suits challenge the memorandum, signed with the EU-ECB-IMF "troika", as being unconstitutional, illegal and in violation of the European Convention on Human Rights. (ANA-MPA)

    The two CoS legal rapporteurs assigned to study the civil lawsuits are expected to recommend their rejection on the grounds that the memorandum (Law No. 3845/2010) is constitutional and in compliance (ANA-MPA) with European and international legislation.

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

    [03] Stocks nosedive 0.68%

    Stocks lost ground at the Athens Stock Exchange on Friday, returning to losses after only one positive session. The composite index of the market lost 0.68 pct to end at 1,492.67 points, with turnover a low 73.69 million euros.

    The Big Cap index was down 0.80pct, the Mid Cap index ended 0.19 pct up and the Small Cap index fell 0.10 pct.

    Insurances (1.68 pct) and Foodstuffs (0.74) posted the biggest earnings of the day, while Commerce (3.46) and Raw Materials (1.80) posted the biggest losses.

    Broadly, advancers trailed decliners 63 to 99 with another 51 issues unchanged.

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


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