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Athens News Agency: News in English, 09-07-20
CONTENTS
[01] PASOK tables draft law on consumer debts
[02] Industrial activity down in May
[01] PASOK tables draft law on consumer debts
Main opposition PASOK on Monday announced that a draft law will be
tabled in Parliament on the same day providing for the settlement of
the debts of heavily indebted consumers.
According to the proposal, consumers with a confirmed and permanent
inability to pay off their debts will be given the opportunity through
clearly defined procedures to proceed with settlements allowing them to
balance part of their debts with realistic terms based on their income.
The sum paid will be defined by the courts after taking under
consideration debtors' income and living standards.
[02] Industrial activity down in May
Economic activity slowed further in Greece, according to figures
released by the National Statistical Service on Monday, with the new
orders' index in the industrial sector (measuring both the domestic and
foreign markets) falling by 37.7 pct in May, compared with the
corresponding month last year, after an increase of 7.1 pct in May
2008.
The average index in the 12-month period from June 2008 to May 2009 was
down 16.5 pct compared with the same period in 2008, after a decline of
2.0 pct in the 12-month period last year.
The turnover index in the industrial sectors plunged 30.7 pct in May
2009, compared with May 2008, after an increase of 12.8 pct in May last
year, with the average 12-month period index (June 2008-May 2009)
falling by 9.8 pct.
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