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Athens News Agency: News in English, 11-03-09

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

From: The Athens News Agency at <>


  • [01] Papandreou trips to Brussels, Paris
  • [02] Six Greek banks downgraded
  • [03] Athens Newspaper Headlines 

  • [01] Papandreou trips to Brussels, Paris

    Prime minister George Papandreou leaves for Brussels on Wednesday afternoon for a meeting with European Council president Herman Van Rompuy, and then on to Paris to meet with French president Nicolas Sarkozy, before Friday's extraordinary EU summit and informal meeting of eurogroup leaders in Brussels on Friday and the March 24-25 EU summit.

    Earlier on Wednesday, Papandreou will chair a meeting of the Government Council for Foreign and Defence affairs (KYSEA), followed by a Cabinet meeting.

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


    [02] Six Greek banks downgraded

    Moody's on Wednesday downgraded the deposit and debt ratings of six Greek banks, following the downgrade of Greece's sovereign rating to B1 from Ba1 two days earlier and its reassessment of some of the banks' standalone credit strength, reflected in their bank financial strength ratings (BFSRs), a Moody's announcement said.

    According to its decision on Wednesday, Moody's downgraded the ratings of National Bank of Greece (NBG) to Ba3 from Ba1; EFG Eurobank Ergasias (Eurobank) to Ba3 from Ba1; Alpha Bank to Ba3 from Ba1; Piraeus Bank to Ba3 from Ba1; Agricultural Bank of Greece (ATEbank) to b1 from Ba2; and Attica Bank to b1 from Ba2.

    The outlook on all these ratings is negative, Moody's said, adding that Wednesday's rating actions conclude the preview for possible downgrade, which Moody's initiated on December 17, 2010.

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


    [03] Athens Newspaper Headlines

    The Wednesday edition of Athens' dailies at a glance

    Prime minister George Papandreou's meetings with the opposition party leaders Tuesday to seek support on the economy ahead of two crucial eurogroup and EU summits and economic issues mainly dominated the front pages of Athens' dailies on Wednesday.

    ADESMEFTOS TYPOS: "We finally saw a...white day - Snow throughout Greece".

    AVGHI: "Carte blanche to Merkel".

    AVRIANI: "Default and return to the drachma in order to punish all the foreign loan sharks who have bled us dry".

    DIMOKRATIA: "Extraordinary contribution by self-employed professionals, real estate owners and others in order to increase the state's tax revenues".

    ELEFTHEROS: "The trickster Papandreou with his tail between his legs in the meetings with the party leaders".

    ELEFTHEROS TYPOS: "US-Merkel clash in Europe - Shadow Theater by Papandreou in Athens".

    ELEFTHEROTYPIA: "Samaras (main opposition ND leader), Karatzaferis (LAOS leader) and Bakoyannis (Democratic Alliance leader) appeared 'consenting' towards Papandreou".

    ESTIA: "Fundamental mistakes in the economy".

    ETHNOS: "PM: No early elections, but battle for package solution in EU".

    IMERISSIA: "US intercession for solution - Intense behind-the-scenes over the EU summit".

    KATHIMERINI: "They (government and party leaders) agreed only on the self-evident''.

    LOGOS: "He (prime minister) asked for backing, but...".

    NAFTEMPORIKI: "New pressure in Europe for the stability measures".

    NIKI: "He (prime minister) called for national unanimity".

    RIZOSPASTIS: "No consensus on the rope with which they will hang the people".

    TA NEA: "Obama plan for the Greek debt".

    VRADYNI: "Greek light for hiring in the public sector".

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

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