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Athens News Agency: News in English, 11-10-24

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

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

CONTENTS

  • [01] FinMin discusses 'haircut' issue with banks' association
  • [02] Bank shares plummet at Athens bourse
  • [03] Acropolis Museum open all day on Friday
  • [04] Athens ready to provide aid to quake-stricken Turkey

  • [01] FinMin discusses 'haircut' issue with banks' association

    AMNA / Any Greek state bond "haircut" and its impact on the domestic banking system, which will be forced to recapitalise, was discussed in a teleconference on Monday between Finance Minister Evangelos Venizelos, Alternate Minister Filippos Sahinidis and members of the Hellenic Bank Association (HBA) board.

    Venizelos, who is in Brussels, also had telephone contacts with opposition party leaders (KKE, LA.O.S, SYRIZA) on the course of negotiations as regards the public debtís "sustainability" and a new support programme for the Greek economy.

    Venizelos will attend the Eurogroup meeting again on Tuesday in Brussels, within the framework of preparations for an utterly crucial EU Summit on Wednesday. AMNA

    [02] Bank shares plummet at Athens bourse

    AMNA / Market worries over a larger "haircut" of Greek bonds shocked share prices at the Athens Stock Exchange on Monday, with bank shares free-falling as investors discounted a 50-pct haircut in Greek bonds, which would result to losses of around 15 billion euros for domestic banks as well as lead several financial institutions to the Financial Stability Fund.

    The composite index dropped 4.51 pct to end at 747.08 points, off the dayís lows of 740.19 points. Turnover was a low 47.463 million euros.

    Hellenic Postbank (25.11 pct), Attica Bank (24.9 pct), Piraeus Bank (22.15 pct), National Bank (20.79 pct), Eurobank (20.25 pct) and Alpha Bank (19.14 pct) suffered the heaviest percentage losses among blue chip stocks. The Big Cap index fell 6.70 pct, the Mid Cap index ended 4.96 pct lower and the Small Cap index dropped 5.48 pct. AMNA

    [03] Acropolis Museum open all day on Friday

    AMNA / Admittance to the Acropolis Museum will be free on Friday, Oct. 28 on the occasion of a Greek national holiday, it was announced on Monday. The museum will be open from 08:00 until 22:00 and the second-floor restaurant will remain open until midnight. AMNA

    [04] Athens ready to provide aid to quake-stricken Turkey

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    (AMNA) -- Greece is prepared to provide all possible assistance to the Turkish authorities after a devastating earthquake that hit the Van region of the neighbouring country shortly after noon on Sunday, Greek foreign minister Stavros Lambrinidis told his Turkish counterpart Ahmet Davutoglu in a telephone call later in the day.amna

    Lambrinidis expressed his deepest condolences and the Greek people's support for the Turkish people, and informed Davutoglu of the Greek citizens protection ministry's readiness to provide all possible assistance to the Turkish authorities in dealing with the disaster.


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