Athens News Agency: News in English, 10-07-01

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

CONTENTS

[01] Small decline at ASE opening

[02] Athens Newspaper Headlines

[01] Small decline at ASE opening

Individual sector indices were moving mostly downward, with the biggest gains in Mass Media, up 3.06 percent; and Commerce, up 0.86 percent.

The biggest losses were in Public Utilities, down 5.21 percent; and Construction, down 1.88 percent.

The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 1.37 percent, the FTSE/ASE MID 40 index was down 0.12 percent, and the FTSE/ASE-80 small cap index was down 0.18 percent.

Of the stocks traded, 21 were up, 41 were down, and 212were unchanged.

[02] Athens Newspaper Headlines

The social security bill and the labour unions' reactions, the Finance Ministry's new bill referring to borrowers and overindebted households, the VAT increase and the salary freeze in the private sector, mostly dominated the headlines on Thursday in Athens' newspapers.

ADESMEFTOS TYPOS: "According to Court of Audit the main provisions of the new social security bill are unconstitutional".

APOGEVMATINI: "Judges against new social security system - The basic provisions of the new bill are unconstitutional and callous".

AVGHI: "Scenarios of 'government of the willing' belied".

AVRIANI: "Mass layoffs in and shutdowns of pharmaceutical companies - 600 employees laid off in one week, while prominent companies have defaulted on payments".

CHORA: "Court of Audit shows five 'red cards' on violations of the Constitution".

ELEFTHEROS: "Turkish exploration for oil in Greek continental shelf, by the oceanographic vessel Cesme in Thrace".

ELEFTHEROS TYPOS: "Regulation 'aspirin' for overindebted households".

ELEFTHEROTYPIA: "Life jacket for the 'drowned'."

ESTIA: "Optimistic message on the economy from Alpha Bank analysts".

ETHNOS: "Salary freeze in private sector brings 15 percent losses in workers' real income".

IMERISSIA: "Ultimatum on salaries and collective labor agreements - Loverdos (employment and social security minister) puts ultimatum to GSEE (General Confederation of Workers of Greece) and SEB (Federation of Greek Industries)".

KATHIMERINI: "Public Utilities in economic suffocation - Public transports headed to collapse due to inability to borrow".

LOGOS: "Storm of reactions...over the 3-year salary freeze".

NAFTEMPORIKI: "Double safety net for Greek banks".

NIKI: "Defence Minister Evangelos Venizelos (a Constitutional expert) stated: The Constitution is above the Memorandum".

RIZOSPASTIS: "Government abolishing social security and freezing salaries".

TA NEA: "The VAT increase brings sweeping hikes in prices".

TO VIMA: "Magistrates Court order 'deletes' home, consumer and professional loans, on condition".

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