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Athens News Agency: News in English, 11-03-13

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

From: The Athens News Agency at <>


  • [01] PM briefs Cabinet over Eurogroup decisions
  • [02] Debt buy-back, Memorandum change
  • [03] Olympiacos loss to PAOK 

  • [01] PM briefs Cabinet over Eurogroup decisions

    (ANA-MPA) -- Prime Minister George Papandreou reiterated to his Cabinet, which convened on Sunday, that Friday's decisions by the Eurogroup constitute a "significant milestone" for the country and Europe.

    He again noted that the Greek people's efforts are paying off, while noting that that the country's course is now squarely "in our hands".

    Moreover, Papandreou called the main opposition's position in the wake of the Eurogroup's decisions "positive", while calling for such a productive stance in the future.

    In other statements, the Greek premier requested more devotion to their portfolios by ministers and unity, warning that "reactions by vested interests will continue".

    Finally, he dismissed the ubiquitous press speculation over snap elections, but more poignantly, scenarios over a looming government reshuffle. (ANA-MPA)

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


    [02] Debt buy-back, Memorandum change

    (ANA-MPA) -- Main opposition New Democracy (ND) leader Antonis Samaras said on Saturday night that the right to buy back Greece's debt at a reduced price would be a "real easing" of the load for the Greek economy, given that the extension of the repayment period for Greece's 110 billion euro EU/IMF support loan and the reduction of the interest rate agreed by eurozone leaders in Brussels on Friday do not reduce the absolute size of the debt.

    Samaras was commenting on a decision by Eurogroup leaders to extend the repayment period for Greece's 110-billion-euro bailout by the European Commission (EC), European Central Bank (ECB) and International Monetary Fund) to seven and a half years and reduction of the interest rate from 5.2 percent to 4.2 percent during an informal summit in Brussels on Friday.(ANA-MPA)

    "At the informal special summit, Greece achieved an extension for repayment of the 110 billion euros and a reduction in interest. The former (extension) had already been given to Greece by a decision of the eurogroup summit of November 28, while the latter (interest reduction) had already been clarified days ago in statements by European Commissioner Olli Rehn and other officials," Samaras pointed out, noting that ND had advanced both aspects systematically for some time in its contacts with European officials.(ANA-MPA)

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


    [03] Olympiacos loss to PAOK

    (ANA-MPA) -- Olympiacos Piraeus failed to clinch -- mathematically -- the title on Sunday after dropping a game 2-1 away at the tough PAOK Thessaloniki stadium. Second-place Panathinaikos easily beat Iraklis Thessaloniki 3-1 away on Saturday, while AEK Athens firmly established itself in third place with a late goal at home against Kavala 1-0 on Sunday.

    In other action:

    Asteras Tripolis-Olympiacos Volos 2-1

    Panserraikos-Xanthi 2-1

    Ergotelis Crete-Atromitos Athens 1-1

    Panionios Athens-Larissa 1-1

    Kerkya-Aris Thessaloniki 3-4

    The standings after 26 weeks

    1. Olympiacos Piraeus 64

    2. Panathinaikos 54

    3. 43

    4. PAOK 40

    5. Olympiacos Volos 38

    . Kavala 38

    7. Aris 33

    8. Iraklis 32

    . Xanthi 32

    . Ergotelis 32

    11. Kerkyra 30

    . Panionios 30

    13. Atromitos 29

    14. Asteras 28

    15. Larissa 24

    16. Panserraikos 20

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

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