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The Hellenic Radio (ERA): News in English, 08-11-24

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

From: The Hellenic Radio (ERA) <>


  • [01] ASE Rises
  • [02] New Measures after EU's Proposals

  • [01] ASE Rises

    The Athens Stock Exchange has risen today by 2.1% and closed at 1,864.81 points. Transactions amounted to 139 million euros, 13.2 million of which concerned pre-agreed transactions.

    The High Capitalisation Index FTSE/20 rose by 2.08%, the Average Index FTSE/40 by 1.01% and the Low Capitalisation Index FTSE/80 by 1.04%.Out of the shares traded, 142 rose, 67 dropped and 59 remained unchanged.

    News item: 15919

    [02] New Measures after EU's Proposals

    The government is expecting first the European Union's proposals in order to propose new relief measures for low-income earners. Addressing the annual conference of the Greek-American Chamber, Economy and Finance Minister George Alogoskoufis stressed that if the EU decides to slacken the stability pact, then Greece will use in the proper way the opportunities offered. However, he said that due to the high public debt the slackening could not be extensive. He also reported that a new set of measures in support of low-incomer earners and small and medium-sized enterprises would be proposed.

    Development Minister Christos Folias has warned a new Banks at the conference, calling on their boards to implement the rulings on the improper terms, otherwise sanctions would be enforced.Addressing the conference PASOK MP Anna Diamantopoulou argued that the Greek economy could exceed the 3% deficit in order to finance new investments and maintain the existing working positions. Earlier, the businessmen's representatives had asked the immediate use of the 28-billion euro packet for the restoration of liquidity in the economy. At the same time, EVEA (Athens Chamber of Commerce and Industry) President Konstantinos Michalos said how important it is for low-income earners and small and medium-sized enterprises to be supported, describing the 28-billion euro packet to banks positive. However, he pointed out that that money should be used for favourable loans to enterprises and households. He also reported he is in favour of the release of "closed" professions and the combating of extravagances in Public Utilities. Finally, Eurobank financial advisor Gikas Hardouvelis proposed the immediate implementation of the 28-billion euro plan to the banks to prevent a negative rate in development.

    News item: 15912

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