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The Hellenic Radio (ERA): News in English, 08-11-08

The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article

From: The Hellenic Radio (ERA) <>


  • [01] Banks Pressured on Interest Rates
  • [02] 3 New Polls Give the Socialists the Lead

  • [01] Banks Pressured on Interest Rates

    A day after the Greek Premier's stern message to bankers to manifest their social face, the Finance Ministry exerted pressure on lenders to fall in line with the European measures to boost their liquidity, on the occasion of their refusal to join the liquidity enhancement fund. Speaking on Sunday paper Ethnos tis Kyriakis, Finance Minister Giorgos Alogoskoufis clearly threatened bankers with sanctions were they to fail to adopt the amendments and increase their interest rates instead. "We have the means to pressure them and we will do so if necessary," claimed he.

    According to information, the means the government has at its disposal to give lenders a hard time are:

    implementation of court rulings taxation of dividends of foreign companies obligation for specific capital adequacy

    The government is determined to implement the law and offer its full backing to the citizens, said Development Minister Christos Folias, who sent Friday a letter to the National Bank of Greece, threatening it with sanctions for unilaterally readjusted interest rates.

    In the meantime, the government is seriously considering stepping up targeted measure to relieve loan-takers and small enterprises. Among the measures under consideration is the one-year suspension of instalments in certain economic groups. "It will apply to those being hit by the crisis," Alogoskoufis said.

    The government's pressure on banks is expected to be built up after the draft bill is voted in Parliament.

    News item: 15299

    [02] 3 New Polls Give the Socialists the Lead

    The global financial crisis, the ongoing reforms and the banks' stance seem to be a pain in the neck for the Government, as three new surveys to be released Sunday have suggested. The Socialist Party (PASOK) enjoys a lead ranging from 0.4 to 3.7 percent, however, voters still trust Kostas Karamanlis as the nation's Prime Minister.

    The MRB-conducted poll on behalf of Sunday paper Eleftheros Typos tis Kyriakis has given a 2.3 percent lead to the Socialists.

    PASOK (Panhellenic Socialist Movement) 31%ND (New Democracy) 28.7% (Greek Communist Party) 6.6%SYN (Coalition of the Radical Left) 9.1%LAOS (Popular Orthodox Rally) 4%GREENS 2.9%UNDECIDED 8.1 %

    The survey carried out by MARK for Ethnos tis Kyriakis, has suggested the Socialists are ahead 3.7 percent.

    PASOK 32.9%ND 29.2% 7.7%SYN 8.9%LAOS 4.8%GREENS 2.2%UNDECIDED 7.4%

    Finally, the RASS poll conducted on behalf of paper PARON has indicated that the Conservatives trail their rival Socialist with 0.4 percent.

    PASOK 3.6%ND 31.2% 7.4%SYN 8.6%LAOS 4.1%GREENS 2.9%UNDECIDED 10.1%

    News item: 15300

    The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article
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