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Athens News Agency: News in English, 11-05-04

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

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

CONTENTS

  • [01] Sharp ND reaction to IMF chief's quips
  • [02] University UNESCO chair honors founder of shelter for neglected children
  • [03] Stocks remain under pressure ´╗┐

  • [01] Sharp ND reaction to IMF chief's quips

    (ANA-MPA) -- The prime ministerÔs credibility has experienced a "political slap-in-the-face", main opposition New Democracy (ND) party underlined on Wednesday, in response to previously unused excerpts of statements by IMF head Dominique Strauss-Kahn, which were broadcast the previous evening during a heavily watched satirical TV programme.

    ND spokesman Yiannis Mihelakis stressed that "it is revealed that Strauss-Kahn and the premier (George Papandreou) had cooperated for months and in secrecy, while they had a systematic communication because, according to Strauss-Kahn, the prime minister wanted to hide from the people the moves he made to lead the country to the IMF."

    The specific statements by Strauss-Kahn had been included in a Canal+ TV network documentary, although they were ultimately edited out of the final cut.

    Mihelakis called on the government to give a clear response to the questions that arise, "because the Greek people should learn what is hidden behind the decision to seek IMF assistance. "When Papandreou was saying that Ôthere is enough money and seeking IMF assistance was not an optionÔ, they secretly planned exactly the opposite befooling the Greek people," he stressed. (ANA-MPA)

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

    ´╗┐

    [02] University UNESCO chair honors founder of shelter for neglected children

    The UNESCO chair at Thessaloniki's Aristotle University (AUTH) on Wednesday honored Father Antonios, the priest that set up the "Ark of the World" shelter in the downtown Athens district of Kolonos to care for the children of migrants and one-parent families.

    The "Ark of the World" is a NGO founded by Father Antonios in 1998. Since then he has dedicated his life to children facing abandonment, indifference, racism and social exclusion on a daily basis.

    Currently, the "Ark" shelters roughly 300 children, from infants and adolescents, who form a multi-religious and multi-cultural community in the centre of Athens.

    Assisted by a group of volunteers that include teachers, pediatricians, psychiatrists, cooks and many other volunteers, the "Ark of the World" and Father Antonios try to offer the children necessities but, as he stresses, "without institutionalising them".

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

    ´╗┐

    [03] Stocks remain under pressure

    Stocks remained under strong pressure for one more session in the Athens Stock Exchange on Wednesday, pushing the composite index of the market below the 1,400 level again.

    Rumors that Fitch Ratings will further downgrade the Greek economy combined with intensified speculation over a debt restructuring, created a negative climate in the market. The index fell 1.79 pct to end at 1,387.59 points, with turnover remaining a low 86.351 million euros.

    The Big Cap index dropped 2.11 pct, the Mid Cap index ended 0.54 pct down and the Small Cap index eased 0.02 pct. ATEbank (4.55 pct), Jumbo (1.29 pct) and Titan (0.06 pct) were the only blue chip stocks to end higher, while Viohalco (3.9 pct), Cyprus Bank (3.73 pct), Alpha Bank (2.92 pct), Piraeus Bank (2.8 pct) and Eurobank (2.76 pct) were major losers. The Personal Products (0.34 pct) and Commerce (0.07 pct) sectors scored gains, while Insurance (3.38 pct), Banks (2.73 pct) and Travel (2.26 pct) suffered losses.

    Broadly, decliners led advancers by 83 to 55 with another 50 issues unchanged.

    Vovos (19.21 pct), Lazaridis (18.18 pct) and Papoutsanis (17.65 pct) were top gainers, while AXON (19.39 pct), Demetriou (10 pct) and Nikas (9.4 pct) were top losers.

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


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