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Athens News Agency: News in English, 11-03-08

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

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

CONTENTS

  • [01] PM receives ND leader, cites EU summit
  • [02] Greek, Turkish FMs meet in Athens
  • [03] Survey on corporate refinancing
  • [04] Stocks nosedive on Tues. 

  • [01] PM receives ND leader, cites EU summit

    (ANA-MPA) -- Prime Minister George Papandreou on Tuesday reiterated his determination to "do battle" at the upcoming eurogroup and EU summits if necessary, during a meeting with main opposition New Democracy (ND) leader Antonis Samaras.

    The premier also stressed that Greece will insist on a package solution, believing that there is no other solution, and on that basis will wage its battle at the March 11 eurogroup and March 25 EU summits.

    Papandreou also said that the government respects the different approaches of the political forces, and that was why his meetings throughout the day with the political party leaders aim at understanding and at support for the national effort in view of the summit.

    "It is not simply a matter of consensus," Papandreou said, adding that the assumption of political responsibility by all the political forces is needed. (ANA-MPA)

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

    

    [02] Greek, Turkish FMs meet in Athens

    (ANA-MPA) -- Turkish Foreign Minister Ahmet Davutoglu began a three-day official visit to Greece on Tuesday, with his Greek counterpart Dimitris Droutsas later stressing after talks that Athens will contribute towards the goal of Greece, Cyprus and Turkey "cooperating as full members of the EU for their common future."

    Beyond bilateral relations or issues linked with the EU, both men also discussed the situation in the southern Mediterranean during the 45-minute meeting.

    On his part, Davutoglu expressed what he called a "message of friendship, good-neighbourliness and a common destiny," while adding that in the near future "the entire world will see the excellent cooperation between Turkey and Greece." (ANA-MPA)

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

    

    [03] Survey on corporate refinancing

    (ANA-MPA) -- One in two large companies in Greece anticipate that they will need to refinance their loan obligations or debts in the next few months, according to a survey by Ernst & Young entitled "Greece: Barometer of capital confidence", which was unveiled on Tuesday.

    According to the survey conducted on 49 senior administrative personnel in the Greek market of companies with revenues of more than 10 million euros each, 46 percent of the respondents said that the fiscal conditions have deteriorated comparatively over the preceding six months, while 48 percent anticipated that they will need to refinance their loan obligations or their debts in the next 12 months. (ANA-MPA)

    To view the entire article contact the ANA-MPA's subscription department at 2106400560.

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

    

    [04] Stocks nosedive on Tues.

    Stocks ended significantly lower at the Athens Stock Exchange on Tuesday in the wake of Monday's downgrading of the Greek economy by Moody's. The composite index dropped 3.81 pct to end at 1,525.50 points. Turnover was a moderate to low 133.55 million euros.

    The Big Cap index fell 4.53 pct, the Mid Cap index dropped 3.05 pct and the Small Cap index fell 4.20 pct.

    All indexes moved lower, with Banks (6.26 pct) suffering the biggest losses.

    Broadly, decliners led advancers by 143 to 20 with another 30 issues unchanged.

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


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