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Athens News Agency: News in English, 11-06-17

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

From: The Athens News Agency at <>


  • [01] ND: Government with time limit
  • [02] New MPs sworn in - Confidence vote on Tuesday
  • [03] Party reactions to reshuffle
  • [04] ASE opening: Big rise

  • [01] ND: Government with time limit

    ANA-MPA/Main opposition New Democracy (ND) on Friday described as a 'government with a time limit' the new Cabinet arising from a government reshuffle earlier in the day.

    In an announcement ND press spokesman Yiannis Michelakis said that prime minister George Papandreou is "recycling the same faces, and instead of a government of national salvation has made a government with a time limit, in order to implement the same, wrong policy".

    "Mr. Papandreou first admitted that he cannot govern. Then he baptized the inability as a "reshuffle". A reshuffle 'carom' that reflects the failure of his policy. The chief admittance of the failure of the government's economic policy is the replacement of (outgoing finance minister George) Papaconstantinou," Michelakis added.ana-mpa

    ND also considers as an "admission of organisational inability" the creation of an Inner Cabinet in which half the ministers are participating, with the purpose of coordinating the other half of the ministers and in which, for the first time, unprecedented in the world, the defence and foreign ministers will not be taking part.

    "Everyone can make their own conclusions on the expediency of the composition of such an Inner Cabinet," the ND spokesman continued.ana-mpa

    Michelakis further warned that the dissolution of the two national champions of the Greek economy, tourism and shipping, is being continued, especially that of shipping, which continues to go back and forth from ministry to ministry.

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

    [02] New MPs sworn in - Confidence vote on Tuesday

    -PA/Giorgos Fraggidis and Vassiliki Alexandridou, who replace the resigned ruling PASOK MPs Giorgos Floridis in Kilkis prefecture and Ektoras Nassiokas in Larissa prefecture, respectively, were sworn in on Friday.ana-mpa

    Moreover according to an announcement, the three-day debate on the vote of confidence in the new government called by Prime Minister George Papandreou will begin in parliament on Sunday at six in the afternoon.

    The debate will conclude at midnight Tuesday, followed by a roll call vote.

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

    [03] Party reactions to reshuffle

    ANA-MPA/The Communist Party of Greece (KKE) on Friday described the new Cabinet arising earlier from a government reshuffle, as a "government dangerous to the people, for the passing of the new barbarous measures and preparation of the government's more apparent collaboration with the parties of the plutocracy". It reiterated its call for immediate elections and called for popular and political vigilance, organisation and action with the KKE.

    "The parties of the system do not change by changing faces. They only become worse for the people," it added.

    The Popular Orthodox Rally (LAOS) party, said that "from an ecumenical government (being sought) we ended up with a government of the 'deep' PASOK", adding that "Greece missed a golden opportunity, because some sides did not manage the issue well, or did not want to".ana-mpa

    The Coalition of the Left, Movements and Ecology (SYN) said that the "tragicomedy we have been living in these past days continued with today's reshuffle", adding that "it seems that noting is capable of halting the course to complete collapse of the government".

    SYN stressed that it was of absolutely no importance who will implement the most unjust and anti-social policy of the last decades, when the issue was its full reversal. It added that the ease with which the government and main opposition party exchange accusations and invitations for a joint "national" effort underlines how similar their policies are and how hypocritical their stance is towards the Greek people.ana-mpa

    "PASOK and ND are part of the established vicious political system of the last decades, which is completing its circle," SYN said.

    The non-parliamentary Democratic Left party said that with the policy that the government has been implementing over the past 20 months, the country and society are facing the immediate danger of collapse.

    The content of this policy must change, it stressed, adding that the only thing that the Cabinet reshuffle can accomplish is a temporary beautification of the picture, but which will not endure.

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

    [04] ASE opening: Big rise

    Equity prices were rising at the opening of trade on Friday on the Athens Stock Exchange (ASE), with the basic share price index up 2.14 percent, standing at 1,233.89 points at 11:15 am, and turnover at 15.602 million euros.

    Individual sector indices were moving upward, with the biggest gains in Health, up 3.92 percent; Banks, up 3.16 percent and Financial Services, up 3.01 percent.

    The only losses were in Commerce, down 0.37 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 2.55 percent, the FTSE/ASE MID 40 index was up 1.37 percent, and the FTSE/ASE-80 small cap index was up 1.90 percent.

    Of the stocks traded, 55 were up, 15 were down, and 16 were unchanged.

    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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