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Athens News Agency: News in English, 11-06-02

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

From: The Athens News Agency at <>


  • [01] Abolition/merger 75 public entities
  • [02] Pissarides: Focus on reforms

  • [01] Abolition/merger 75 public entities

    (ANA-MPA) -- The government on Wednesday announced that 75 public-sector agencies and organisations are to be abolished, merged or restructured in order to cut back on public spending. Government vice-president Theodoros Pangalos said this will lead to savings of 650 million euros, while 2.7 billion euros in subsidies each year will no longer be allocated.

    He said there were 7,000 employees currently working at these organisations and that none of them would be fired, instead they will be employed in other positions after undergoing an assessment by the independent public-sector staff selection council ASEP.

    Amongst the bodies to be merged or abolished, the government included the state broadcasting network ERT, Themis Kataskevastiki (a justice ministry-affiliated construction firm), the Hellenic Public Real Estate Corp., Hellenic Tourist Properties S.A., the Organisation for the Management of Public Materials, the School Buildings Organisation, the Public Company for the Building of Hospital Units (DEPANOM), the Hellenic Organisation for Small and Medium Enterprises and Handicrafts (EOMMEX), the National Youth Foundation (the entity that runs college campus housing and canteens), the National Agricultural Research Foundation (NAGREF) and others. (ANA-MPA)

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

    [02] Pissarides: Focus on reforms

    ANA-MPA/Greece must emphasise on the need to accelerate structural reforms, Nobel Prize-winning Prof. Christofore Pissarides told a news conference in Athens on Wednesday.

    Speaking to reporters within the framework of a conference organised by KPMG, the noted UK-based economist said Greece will not avoid bankruptcy if it did not promote structural reforms along with privatisations, and stressed the privatisations programme alone cannot led to a decline in the country's borrowing cost.ana-mpa

    The Cyprus-born professor underlined the need to proceed with a large shrinking of the public sector in Greece. The Greek state must not maintain almost any participation in public sector enterprises and urged the government to sell all state-owned enterprises with the exception of enterprises related with defence and social welfare.

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

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