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Athens News Agency: News in English, 10-11-27

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

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

CONTENTS

  • [01] Gov't policy aiding economic 'vicious cycle'
  • [02] German Dep. FM on Athens-Berlin relations, eurozone support
  • [03] NBG among top European banks
  • [04] Seamen strike extended
  • [05] MIG reports lower results
  • [06] Athens Newspaper Headlines

  • [01] Gov't policy aiding economic 'vicious cycle'

    -P/Main opposition New Democracy (ND) leader Antonis Samaras on Friday sharply attacked the government and what he charged is a so-called "alliance of the willing" formed to prop up the government's austerity measures, speaking to his party's Parliamentary group.

    Samaras was indirectly referring to the formation of a new party under former foreign minister Dora Bakoyannis and the expulsion or fleeing of four ND deputies from the party's ranks.ANA-MPa

    "We will not be allies to the government's dead-end policy; we offer consensus only if our country enters a course towards recovery, nothing more and nothing less," Samaras said.

    "If they ask for consensus for a policy that leads to an impasse we will not provide it; if they want consensus for a policy that is sinking our country, they must look elsewhere for accomplices. Some are rushing to offer crutches and others want to enter into a 'willing alliance'," he charged.

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

    [02] German Dep. FM on Athens-Berlin relations, eurozone support

    BERLIN (ANA-MPA / G. Pappas) -- German Deputy Foreign Minister Werner Hauer (FDP) estimated that in Germany "the courage and determination necessary for an elected government to pass on to its citizens extremely heavy burdens is being underestimated".

    By contrast, he said Greece has launched a "huge reforms process that entails heightened burdens for each citizen."ana-mpa

    "It's a decision could be implemented in only a few countries around the world," he noted, adding that "respect and understanding for Prime Minister George Papandreou's government should be more obvious to other countries." Hauer's comments came on Friday during a Germany-Greece conference on the urgent problem of illegal immigration.

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

    [03] NBG among top European banks

    ANA-MPA/A recent share capital boosting programme has turned National Bank of Greece into a "fortress", Apostolos Tamvakakis, the bank's chief executive, stated on Friday. Addressing an extraordinary general shareholders' meeting, Tamvakakis said National Bank, with the completion of its recent capital increase, was among the top five European banks, based on its capital adequacy rate, currently at 15 pct.ana-mpa The Greek banker said this figure was unprecedented in the European banking system and stressed that the process to sell up to 20 pct of Turkey-based Finansbank will be completed in the first quarter of 2011, noting that this move was not "defensive" in nature, but an aggressive initiative, one which will be decided regardless of the current crisis.

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

    [04] Seamen strike extended

    ANA-MPa/Greek seamen on Saturday decided to extend a strike that has impaired ferry boat services to various islands until Tuesday, the Panhellenic Seamen's Federation (PNO) announced.

    The union, which has been on strike since Tuesday, decided to hold another 48-hour strike starting at 6 a.m. on Sunday and ending at 6 a.m. Tuesday.

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

    [05] MIG reports lower results

    ANA-MPA/Marfin Investment Group (MIG) on Friday announced net profits of 1.9 million euros in the third quarter of 2010, while nine-month losses after-tax and minorities totaled 1.385 billion euros.

    MIG said parent losses totaled 1.175 billion euros, of which 6.6 million euros were in the third quarter of the year. The group attributed the biggest part of its losses to asset write-offs (1.161 billion euros).

    Consolidated sales totaled 1.17 billion euros in the January-September period, up 22 pct from 955.2 million euros in the same period last year, while third quarter sales jumped to 416.7 million euros.

    Gross earnings, however, eased to 292.2 million euros this year, from 324.9 million euros in 2009, while consolidated gross earnings in the third quarter fell to 114.1 million euros from 134.1 million euros over the same period, respectively.

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

    [06] Athens Newspaper Headlines

    The Saturday edition of Athens' dailies at a glance

    The ongoing economic crisis and measures proposed by the EU, ECB, IMF "troika", two court rulings in favour of employees, abolition of collective bargaining agreements and developments in main opposition New Democracy (ND) mostly dominated the headlines in Athens' newspapers.

    ADESMEFTOS TYPOS: "Which civil servants receive double and triple salaries".

    AVGHI: "We are all European".

    ELEFTHEROS: "ND: We handled Dora Bakoyannis in the wrong way".

    ELEFTHEROS TYPOS: "Price hikes in food, beverages and cigarette".

    ELEFTHEROTYPIA: "Two reversals in employees' favour".

    ESTIA: "Dash for new measures - Troika sets ultimatum".

    ETHNOS: "Danger of new cuts in thousands of pensioners' income".

    IMERISSIA: "Three taxes to be reduced".

    KATHIMERINI: "Europe in a vortex of crisis".

    LOGOS: "Prime Minister George Papandreou says 'NO' to Aegean's co-exploitation".

    NAFTEMPORIKI: "100-day programme in infrastructures and transport".

    RIZOSPASTIS: "They're abolishing collective agreements - Government merciless".

    TA NEA: "Run, George, run! - Troika and PM advisor Loukas Papadimos' drastic recommendations".

    VRADYNI: "Samaras sternly attacks government and its 'allies': "Stowaways get off".

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


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