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Athens News Agency: News in English, 11-04-27

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

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

CONTENTS

  • [01] Greek bond spreads, CDS hit new highs
  • [02] Mihelakis: 'ND 'state audit' a mistake' 

  • [01] Greek bond spreads, CDS hit new highs

    The premium demanded by investors to hold Greek 10-year bonds continued to rise on Wednesday, reaching a peak of 16.17 percent and driving spreads with benchmark German bunds up by 1292 basis points.

    The yield for shorter-term two-year Greek bonds was driven even higher to 23.9 percent.

    Credit Default Swaps (CDS) insuring Greek debt against default reached an all-time high of 14.89 percent.

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

    

    [02] Mihelakis: 'ND 'state audit' a mistake'

    Main opposition New Democracy spokesman Yiannis Mihelakis on Wednesday repeated the party's position that the 'state audit' conducted by the ND government under Costas Karamanlis had "historically been proven a mistake".

    Mihelakis, who first expressed the view during a radio interview on Tuesday, repeated the position during the regular press briefing in response to questions.

    The spokesman said that his party had bravely dared to carry out its own self-criticism and stressed that people now looked to ND for solutions to the problems they faced.

    He also placed responsibility for the audit squarely on the shoulders of then finance minister George Alogoskoufis, downplaying the role of the former prime minister Karamanlis. He stressed that the party was now looking firmly forward and that ND leader Antonis Samaras will soon be presenting a comprehensive and updated ND programme for exiting the crisis.

    Mihelakis went on to describe relations between Samaras and Karamanlis as "very good".

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


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