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Athens News Agency: News in English, 11-02-04

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

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

CONTENTS

  • [01] Greece to auction six-month T-bills on Tues.
  • [02] Speculation over restructuring
  • [03] Gov't: Migration a 'timebomb'
  • [04] Greece eyes Israeli market 

  • [01] Greece to auction six-month T-bills on Tues.

    (ANA-MPA) -- Greece on Tuesday will auction a six-month treasury bills issue seeking to raise 300 million euros from the market. A finance ministry announcement said the issue will be offered tax-free to private investors on the precondition that the bills would be held until their maturity. A previous auction of Treasury-bills last month was several times oversubscribed, with interest rising slightly to 4.9 pct from 4.82 pct in October. (ANA-MPA)

    More details on the subscriber's page of ANA-MPA | Subscription request form

    

    [02] Speculation over restructuring

    BERLIN (ANA-MPA) -- Goldman Sachs Germany chairman Alexander Dibelius on Friday warned of the dangers of a possible Greek default, urging a restructuring of the countrys debt.

    "It cannot be allowed to be led to a Greek default. For this reason a restructuring of the Greek debt is necessary," Dibelius told the newspaper 'Bild', while he cited a necessary "a mixture of support, discipline and pressure for Greece in order (for it to) return to the road of virtue".

    Dibelius said that although Greece represented only 2.0 pct of the European economy, the country has become a symbol of debt crisis in the Eurozone, stressing that the country's problems cannot be allowed to lead to the failure of a large monetary system. (ANA-MPA)

    Professor Willem Buiter, the chief analyst for Citigroup, said Greece needed a 50-pct cut in its debt, although a political decision necessary for the restructuring was being delayed. (ANA-MPA)

    More details on the subscriber's page of ANA-MPA | Subscription request form

    

    [03] Gov't: Migration a 'timebomb'

    (ANA-MPA) -- Illegal migration is a huge issue, "a veritable bomb" for Greek society, but it is neither a localised, nor a Greek phenomenon and concerns the entire European Union, Citizens' Protection Minister Christos Papoutsis said during an address to a conference of the national federation of police employees on Friday.

    He added that this was the reason why Greece has put the matter to the Union.

    Greece "asked Europe to come here" and extend assistance through Frontex (the European border guard force), and chiefly with frontex's Rapid Border Intervention Teams (RABITs) along Greece's land border in Evros, precisely in order to create a clear symbolism "that Greece, the Greek authorities, are protecting and guarding the European borders in collaboration and with the assistance of Frontex," he added.

    On measures to combat illegal migration, Papoutsis said cooperation with home countries and their embassies here for the re-entry of illegal migrants "is not the best it could be", but stressed that the re-admission agreement between the EU and Turkey, achieved a week ago, "is a big step" in that direction.

    "In three weeks from now, on Feb. 24, the agreement will be adopted -- without problems, I hope -- by the EU Council of Ministers," Papoutsis said.

    More details on the subscriber's page of ANA-MPA | Subscription request form

    

    [04] Greece eyes Israeli market

    (ANA-MPA) -- Greek tourist destinations will be promoted at the 17th International Mediterranean Tourism Market (IMTM) in Tel Aviv, Israel next week, where the east Mediterranean nation will have a strong presence and its own pavilion.

    The tourism trade fair, to take place between Feb. 8-9, is expected to offer fertile ground for the promotion of Greece's tourism market for Israeli tourists.

    Hellenic Association of Travel and Tourist Agencies (HATTA) officials have also hinted at the possibility of greater tourism arrivals in the country due to the current turmoil in North Africa.

    Tourist arrivals from Israel posted an impressive 200-pct increase in 2010, corresponding to 250,000 tourism arrivals in Greece. (ANA-MPA)

    More details on the subscriber's page of ANA-MPA | Subscription request form


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