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Athens News Agency: News in English, 10-02-11

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

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

CONTENTS

  • [01] Samaras: Cut state spending
  • [02] Econ crisis discussed at event hosted by Greek-Israeli Chamber
  • [03] Reforestation for Í. Attica
  • [04] Stocks edge lower on Thurs.

  • [01] Samaras: Cut state spending

    (ANA-MPA) -- Main opposition New Democracy (ND) leader Antonis Samaras on Thursday addressed a meeting of the party's sector heads, where, referring to the government's recently measures to deal with the country's economic crisis, he stressed that "the prime minister has chosen the easy solution by laying the burden on taxpayers."

    (ANA-MPA)

    (ANA-MPA)

    (ANA-MPA)

    [02] Econ crisis discussed at event hosted by Greek-Israeli Chamber

    (ANA-MPA) -- "The economic crisis phenomenon has not been fully interpreted yet because it is still in progress," Deputy Finance Minister Filippos Sahinidis underlined on Thursday, at a working luncheon hosted by the Greek-Israeli Chamber of Commerce and Technology in Athens.

    Speaking at the event, Sahinidis said Greece is faced with a credibility deficit despite the fact that it is taking all necessary measures to get out of the crisis, while he underlined that in previous years no structural reforms were implemented and no necessary measures taken.

    "The result of this was that the global crisis played the role of a magnifying glass for Greece's problems," Sahinidis said.

    Former Israeli deputy minister Yossi Beilin also addressed the event, focusing on the economic situation of Israel after 1973.

    Beilin is known as the "architect" of the Oslo accords for the Israeli-Palestinian peace process in the 1990s.

    The event was held in the presence of Israeli ambassador to Greece Ali Yahya.

    [03] Reforestation for Í. Attica

    (ANA-MPA) -- The government on Thursday announced the immediate launch of a four-year reforestation programme for burnt areas in eastern Attica prefecture, where the natural regeneration of forests was no longer considered possible.

    Environment, Energy and Climate Change Minister Tina Birbili also announced the creation of a "Green Fund" to finance environmental policy, replacing the existing framework.

    Birbili said the programme envisioned the reforestation of 10,000 hectares within Attica (the greater Athens area) over four years, at an estimated cost of 45 million euros, for which the funds were already secured.

    [04] Stocks edge lower on Thurs.

    Stocks edged lower after a two-day rally in the Athens Stock Exchange, as sellers took over in the market. The composite index fell 0.03 pct to end at 1,940.31 points, moving in a wide range of between 1,919 and 1,982 points.

    Turnover was a moderate 225.917 million euros.

    The FTSE 20 index fell 0.71 pct, the FTSE 40 index eased 0.59 pct and the FTSE 80 index fell 1.12 pct. The Food/Beverage (4.91 pct) and Chemicals (2.71 pct) sectors scored gains, while Telecoms (2.80 pct) and Personal Products (1.72 pct) suffered the heaviest percentage losses of the day.

    Neorio (19.05 pct), Klonatex (14.29 pct), Thrace Plastics (12.33 pct) and Lyberis Publications (9.62 pct) were top gainers, while Ippotour (8.70 pct), Xylemporia (7.69 pct) and Medicon (7.49 pct) were top losers. Broadly, decliners led advancers by 104 to 84 with another 49 issues unchanged.


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