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Athens News Agency: News in English, 11-06-16

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

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

CONTENTS

  • [01] PM: We cannot avoid this fight
  • [02] Bond market closing report
  • [03] Stocks fall to 2011 lows

  • [01] PM: We cannot avoid this fight

    (ANA-MPA) -- "This is the time to do battle and we don't have the luxury of avoiding this fight," Prime Minister George Papandreou stressed in his address to ruling PASOK party's Parliamentary group on Thursday.

    Speaking to his MPs at the start of an unscheduled meeting that he called earlier the same day, in the wake of an avalanche of developments and the resignations of three ruling party MPs, Papandreou sought to explain his reasons for seeking the support of the opposition parties for the new round of austerity measures and why his efforts for a consensus had ended in failure.

    While underlining that the government and PASOK's Parliamentary group were responsible for leading the country out of the crisis, Papandreou argued that a broader consensus would have given the country additional negotiating strength.

    "When other Parliament decide to lend to Greece with large majorities, it is not right for us here in Greece to be unable to reach agreement," he said. (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] Bond market closing report

    (ANA-MPA) -- Greek bond spread continued widening, hit by uncertainties over efforts to revolve a Greek debt crisis. The yield spread between the 10-year Greek and German benchmark bonds widened to ... pct on Thursday.

    To read the entire article please contact the ANA-MPA's subscription department at 2106400560.

    &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] Stocks fall to 2011 lows

    Stocks fell to 2011 lows at the Athens Stock Exchange on Thursday, hit by uncertainties over political developments in the country and by a new surge in Greek bond spreads and CDS to record highs. The composite index of the market fell 2.81 pct to end at 1,208.09 points, after falling as low as 1,197.28 points during the session. Turnover was a low 85.329 million euros. The Big Cap index fell 2.87 pct, the Mid Cap index fell 3.08 pct and the Small Cap index ended 2.14 pct lower. ATEbank (4.46 pct) and Viohalco (0.77 pct) were the only blue chip stocks to end higher, while MIG (5.08 pct), Marfin Popular Bank (4.92 pct), Alpha Bank (4.29 pct) and Ellaktor (4.39 pct) were top losers.

    All sector indices ended lower with the Travel (4.0 pct), Financial Services (3.93 pct), Health (3.66 pct) and Banks (3.37 pct) suffering the heaviest percentage losses of the day. Broadly, decliners led advancers by 104 to 31 with another 34 issues unchanged. Xylemporia (11.36 pct), Lambrakis Press (10 pct) and Druckfarben (8.33 pct) were top gainers, while Pairis Plastics (19.23 pct), AEGEK (17.65 pct) and Vovos (14.71 pct) were top losers.

    &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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