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Athens News Agency: News in English, 11-05-02

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

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

CONTENTS

  • [01] Debt manageable, no restructure
  • [02] Czech 'pirate ship' launched in Flisvos
  • [03] 'Fight does not end here'
  • [04] ASE opening: Decline 

  • [01] Debt manageable, no restructure

    The Greek debt is manageable and there is no issue of debt restructuring, Greece's finance minister George Papaconstantinou said in an interview with the French newspaper Liberation appearing on Monday.

    "There are those who consider restructure inevitable. There are also those, however, who have wagered a lot of money on Greece going bankrupt. That explains the ridiculous rumors in recent weeks. There is no issue of restructuring," Papaconstantinou said, adding that the extension of the 110 billion euros loan that Greece has received from the Euro Area countries and the IMF is the best solution.

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

    

    [02] Czech 'pirate ship' launched in Flisvos

    (ANA-MPA) -- A replica of a legendary Caribbean privateer ship, the "La Grace", docked at the Flisvos marina in southern coastal Athens on Saturday and was christened on Sunday, May 1 -- an event aimed to promote the Czech Republic and the Republic of Slovakia and to showcase the maritime tradition of central Europe.

    The vessel, which will offer cruises in the Mediterranean and Atlantic, is an authentic replica of a brig from the second half of the 18th century. Her construction is based on the plans published in Architectura navalis mercatoria from 1768 by a Swedish admiral Fredrik Henrik af Chapman.

    The name "La Grace" was also used a century earlier for the corsair vessel commanded by noted Czech emigrant, entrepreneur and politician Augustin Hen during the latter's raids in the Caribbean and Central America. The replica was built in Suez, Egypt throughout 2010 by Czech and Slovak volunteers using traditional techniques. (ANA-MPA)

    ANA-MPA photo / A. KONSTANTINIDIS

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

    

    [03] 'Fight does not end here'

    A strong blow was struck to terrorism with the death of Osama bin Laden, but the fight does not end here, Greek foreign minister Dimitris Droutsas said in a statement on Monday.

    The international community, beyond religious beliefs and political considerations, has the obligation to unitedly continue the international effort to put an end to the scourge of terrorism, Droutsas added.

    International terrorism is a deplorable phenomenon and a continuous threat to international peace and security that undermines the prospects of the societies throughout the entire world for prosperity and growth, he stressed.

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

    

    [04] ASE opening: Decline

    Equity prices were declining at the opening of trade on Monday on the Athens Stock Exchange (ASE), with the basic share price index down 0.35 percent, standing at 1,429.60 points at 11:30 am, and turnover at 13.584 million euros.

    Individual sector indices were moving mostly downward, with the biggest gains in IT, up 4.61 percent; Commerce, up 2.59 percent; and Insurance, up 1.72 percent.

    The biggest losses were in Food & Beverage, down 0.90 percent; and Raw Materials, down 0.65 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 0.39 percent, the FTSE/ASE MID 40 index was up 0.34 percent, and the FTSE/ASE-80 small cap index was up 0.56 percent.

    Of the stocks traded, 42 were up, 30 were down, and 18 were unchanged.

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


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