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Athens News Agency: News in English, 09-12-11
CONTENTS
[01] Papandreou: Measures on the way
[02] Female naval officer latest H1N1 fatality
[03] Stocks rebound on Thurs.
[01] Papandreou: Measures on the way
BRUSSELS (ANA-MPA) -- Greek Prime Minister George Papandreou on Friday
reiterated that his government is determined to revamp the country's
economic model, speaking at the end of an EU summit here and at the end
of a tumultuous and painful week for the Greek economy.
Papandreou said the country's soaring budget deficits and public debt
is due to waste, corruption and a lack of transparency, long-standing
deficiencies that allow widespread tax and social security contribution
evasion.
He also called for solidarity by Greece's EU partners during the coming
period.
[02] Female naval officer latest H1N1 fatality
A 39-year-old female naval officer was the latest victim of the H1N1
flu in the country, as the ensign died on Friday at a naval hospital in
Athens from severe pneumonia symptoms.
As of Friday, military authorities reported 10 new flu instances in the
air force and five in the army, all reported as mild instances.
[03] Stocks rebound on Thurs.
Stocks ended a two-day rally at the Athens Stock Exchange on a negative
note on Friday, closing out a rollercoaster week for the bourse and the
Greek economy, as the composite index of the market lost 2.41pct to end
at 2,160.68 points. Turnover was a moderate 293.2 million euros, of
which 22.1 million euros were block trades.
Most sectors lost ground, with Banks (5.22 pct), Technology (5.20 pct),
Technology (6.31 pct), Financial Services (4.24) and Raw Materials
(3.57) posting the biggest percentage losses of the day.
The FTSE 20 index declined by 3.47 pct, the FTSE 40 index recorded
losses of 0.99 pct and the FTSE 80 index ended 1.61 pct lower. Broadly,
decliners by advancers by 137 to 70 with another 42 issues unchanged.
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