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Athens News Agency: News in English, 05-10-06

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

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

CONTENTS

  • [01] President Karolos Papoulias hosts reception for European Central Bank governor

  • [01] President Karolos Papoulias hosts reception for European Central Bank governor

    President Karolos Papoulias hosted a reception at the Presidential Mansion in honour of European Central Bank Governor Jean-Claude Trichet on Thursday night, underlining the economic repercussions from the introduction of the euro in Greece and the eurozone in his address.

    "The euro offered my country monetary stability and protection from profiteering pressures. It also offered lower interest rates and therefore, among other things, the possibility of more accessible loaning, a fact having special importance for acquiring a home and for investments," President Papoulias said.

    "In parallel to these considerable achievements, its circulation was combined, just as was the case in other countries, with an increase in the prices of certain products and services. This explains why a section of my fellow countrymen realises its significance, on the one hand, but faced it with a critical mood, however, as regards this dimension," he added.

    Trichet said that the European Central Bank will continue to work in the direction of increasing the eurozone's growth rates and the creation of new jobs in a stable macroeconomic environment.

    The reception was attended by the members of the European Central Bank's board, including its vice president Loukas Papademos.


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