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Athens News Agency: News in English, 10-05-03
CONTENTS
[01] Eurogroup: 110 bln support package OK'd
[02] Motorist kills himself falsely believing that he caused fatal
accident
[03] US support for Greek measures
[04] Credit rating worsens in '09
[01] Eurogroup: 110 bln support package OK'd
(ANA-MPA) -- The Greek government on Sunday announced a fiscal
adjustment programme for the country, envisioning a 36.4-billion-euro
reduction of the budget deficit over three years to bring down the
current 13.6 percent deficit to under 3 percent of GDP by 2014, in the
wake of nearly two weeks of negotiations with EU Commission, European
Central Bank (ECB) and (ANA-MPA) International Monetary Fund (IMF)
officials in Athens.
The "laundry list" of state spending cuts, increased taxes, social
security reforms and labour market deregulation pave the way for
activation of an EU-IMF support mechanism for the Greek economy, agreed
to last month. (ANA-MPA)
[02] Motorist kills himself falsely believing that he caused fatal
accident
(ANA-MPA) -- A 42-year-old motorist committed suicide falsely believing
that he caused a fatal accident when his car collided with a motorcycle
on Monday. (ANA-MPA)
His body was found hanging from an olive tree, near the town of Oinoe,
north of Athens, some 80 meters away from the scene of the accident.
(ANA-MPA)
The motorcycle driver, a Pakistani migrant, was only slightly injured
and was taken to a hospital in Livadia, central Greece. (ANA-MPA)
[03] US support for Greek measures
WASHINGTON (ANA-MPA) -- US President Barack Obama expressed his
satisfaction to Greek Prime Minister George Papandreou on Sunday over
what he termed the "ambitious" reforms and restructuring package
announced by the Greek government the same day.
According to a White House press release here, Obama spoke by phone
with Papandreou, with both leaders reportedly agreeing over the need
for the urgent implementation of economic reforms.
Additionally, the US president -- who enjoys very high popularity
ratings amongst the Greek public -- expressed satisfaction over the
significant support, as he said, announced by Greece's fellow eurozone
partners and the International Monetary Fund (IMF).
[04] Credit rating worsens in '09
(ANA-MPA) -- Credit rating of Greek enterprises worsened last year, a
survey by Icap showed on Monday. The survey, based on a sampleo f
21,743 enterprises -societe anonymes and limited companies- in the
manufacturing, commerce and services sectors, showed that 23.4 pct of
all enterprises saw their credit ratings worsen last year, while 16.91
pct improved its credit rating in 2009. (ANA-MPA)
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