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Athens News Agency: News in English, 11-05-30

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

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

CONTENTS

  • [01] Gov't, troika talks in final stage
  • [02] ADEX closing report
  • [03] Canadian PM in Kalavryta

  • [01] Gov't, troika talks in final stage

    (ANA-MPA) -- The Greek government is entering the final stage of talks with the EC-ECB-IMF "troika" over drafting the closely watched Medium-Term Fiscal Strategy Programme, including additional fiscal interventions this year and an ambitious privatisation and state assets management plan.

    Finance Minister George Papaconstantinou has repeatedly said that talks are progressing satisfactorily and that they are expected to be completed in the next few days.

    Finance ministry sources told ANA-MPA on Monday that the two sides have reached a consensus over the necessary interventions for the current year, and particularly tax measures (raising the lowest tier VAT rates from 13 pct to 23 pct).

    The same sources said talks are not focusing on determining the legal form of a State Property Fund - which will manage whatever privatisations - and the participation of troika officials in its operations, ostensibly to offer know-how and technical support.

    Meanwhile, the Greek government is expected to meet with Deutsche Telekom officials on the heels of a government decision to immediately sell another 10 pct in the listed Hellenic Telecommunications Organisation (OTE) to the German group. (ANA-MPA)

    &copy; ANA-MPA SA. Intellectual rights and copyright belong to the ANA-MPA S.A.

    Reproduction of ANA-MPA content by visitors of this website is strictly forbidden.

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

    [02] ADEX closing report

    The June contracts on the FTSE 20 index were trading at a premium of 0.20 pct in the Athens Derivatives Exchange on Monday, with turnover a low 24.596 million euros. Volume on the Big Cap index totaled 6,985 contracts worth 19.443 million euros, with 34,061 short positions in the market.

    Volume in futures contracts on equities totaled 15,859 contracts worth 5.153 million euros, with investment interest focusing on National Bankās contracts (3,606), followed by Eurobank (1,066), MIG (521), OTE (483), PPC (396), Piraeus Bank (2,298), Hellenic Exchanges (1,066), Alpha Bank (3,137), Intralot (553), Cyprus Bank (669) and Hellenic Postbank (906).

    &copy; ANA-MPA SA. Intellectual rights and copyright belong to the ANA-MPA S.A.

    Reproduction of ANA-MPA content by visitors of this website is strictly forbidden.

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

    [03] Canadian PM in Kalavryta

    (ANA-MPA)-Visiting Canadian prime minister Stephen Harper and his wife, accompanied by Greek prime minister George Papandreou, on Sunday visited the historic city of Kalavryta, site of a WWII Nazi massacre, where they laid wreaths at the monument to the Greeks slain by the 117th Commando Division on December 13, 1943.

    The two prime ministers also visited the Aghia Lavra monastery earlier, on the second day of a two-day official visit by the Canadian premier.(ANA-MPA)

    The two officials were greeted on arrival by Kalavryta mayor George Lazouras, who said it was an honor to welcome the two prime ministers to Aghia Lavra, where the banner on which the freedom fighters of the 1821 revolution against Ottoman rule swore themselves to the struggle, which is also the site where the entire male population of the city was massacred on December 13, 1943.(ANA-MPA)

    After a guided tour of the Monastery, the two premiers also visited the Kalavryta Holocaust Museum, where Harper signed the official guest book.(ANA-MPA)

    &copy; ANA-MPA SA. Intellectual rights and copyright belong to the ANA-MPA S.A.

    Reproduction of ANA-MPA content by visitors of this website is strictly forbidden.

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


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