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Athens News Agency: News in English, 11-06-08

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

From: The Athens News Agency at <>


  • [01] Juncker, Rehn on Greek economic crisis
  • [02] Photo exhibition in old WWII bomb shelter
  • [03] Unemployment at 16.2pct
  • [04] ASE opening: Decline

  • [01] Juncker, Rehn on Greek economic crisis

    STRASBOURG (ANA-MPA) - Eurogroup President Jean-Claude Juncker and Commissioner Olli Rehn pointed, during their addresses on Monday at the European Parliament's Economic Affairs Committee in Strasbourg, to the absolute implementation of the commitments undertaken by the Greek government towards the EC/ECB/IMF troika, as well as the full adoption, by the main opoposition party of the policies of the programme that Greece has agreed to.ana-mpa

    Commissioner Rehn stressed that if there is no progress in the promotion of structural changes in crucial sectors of the Greek economy, the June tranche will not be disbursed. Both the Commissioner and the Eurogroup president assured that an issue of Greece's exit from the euro was never raised, nor of the restructuring of the Greek debt with the curbing of the value of state bonds. Indeed, Juncker termed the privatisations in Greece necessary.

    The two EU officials also stated that they consider political consensus in Greece, mainly on the part of the main opposition party, necessary for the programme for the recovery of the Greek economy to proceed smoothly.

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

    [02] Photo exhibition in old WWII bomb shelter

    ANA-MPA/A speleological photography exhibition is currently on display in an old WWII bomb shelter in the 40 Ekklisies district of Thessaloniki, featuring impressive photos of exploration expeditions carried out by the Thessaloniki Speleology Association "Proteus".

    The bomb shelter, a large man-made cave which the local residents sought refuge in when the sirens rang during the war, had fallen into abandonment, but recently re-opened at the initiative of Proteus.

    Visitors of the exhibition don helmets fitted with a lighting device to enter the cavity, which is lit only by small candles.

    The cavity, located beneath Pavlou Mela square, was created with controlled explosions before the war and later served as a bomb shelter in WWII. It is a 22-metre long and 2.5 meter high corridor, with a steady temperature of 17 C and a relative humidity of 100 percent, Proteus general secretary George Sotiriadis told ANA-MPA.

    Caption: A speleological photography exhibition held in an old WWII bomb shelter in Thessaloniki on Wednesday 8 June 2011. ANA-MPA/Nikos Arvanitidis

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

    [03] Unemployment at 16.2pct

    ANA-MPA/Unemployment in Greece shot to 16.2 percent in March, up nearly five percentage points year-on-year over 11.6 percent in March 2010, according to figures released by the independent Hellenic Statistical Authority (ELSTAT) on Wednesday.

    According to the Labor Force Survey for March 2011, the unemployment rate in March 2011 was 16.2% compared to 11.6% in March 2010 and 15.9% in February 2011. The number of employed amounted to 4,185,325 persons while the number of unemployed amounted to 811,340 and the number of inactive to 4,335,461.

    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 Wednesday on the Athens Stock Exchange (ASE), with the basic share price index down 1.68 percent, standing at 1,276.25 points at 11:15 am, and turnover at 15.968 million euros.

    Individual sector indices were moving mostly downward, with the biggest gains in Raw Materials, up 0.74 percent; and Commerce, up 0.53 percent.

    The biggest losses were in Banks, down 2.26 percent; and Construction, down 1.50 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 2.14 percent, the FTSE/ASE MID 40 index was down 0.80 percent, and the FTSE/ASE-80 small cap index was up 0.08 percent.

    Of the stocks traded, 15 were up, 43 were down, and 12 were unchanged.

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

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