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Athens News Agency: News in English, 11-01-27

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

From: The Athens News Agency at <>


  • [01] PM address at Davos forum
  • [02] Troika experts begin latest inspection 

  • [01] PM address at Davos forum

    DAVOS (ANA-MPA) -- The Greek problem is more a problem of governance and a lack of transparency, Prime Minister George Papandreou said here on Thursday.

    In his opening address during a discussion on economic reforms in the European Union, the Greek premier said a year ago people asked if Greece would default.

    "We took all measures with responsibility, we did our duty. We emphasised full transparency and already we are one of the most transparent countries in the world. We cut the deficit by 6.0 pct, resolved the pension problem and are opening up closed professions. But markets have not reacted yet," Papandreou said.

    He noted that financial system should be more transparent and added that the necessary tools are needed to calm markets.

    Commenting on the European Financial Support Fund (EFSF), Papandreou said it should be robust and flexible. Europe is currently debating financial governance, equality and common values, he said, adding that Europe was a large and peaceful project. "We want Europe to be a model of governance and green growth," he added. (ANA-MPA)

    Meanwhile, on the sidelines of the eponymous World Economic Forum in the Swiss resort of Davos, Papandreou met with the forum's president and founder, Klaus Schwab. The latter reportedly praised the Greek PM and people's efforts over the recent period. (ANA-MPA)

    More details on the subscriber's page of ANA-MPA | Subscription request form


    [02] Troika experts begin latest inspection

    (ANA-MPA) -- "troika" group of experts on Thursday began their regular inspection of the Greek economy, ahead of a decision to approve payment of the fourth tranche of a loan, worth 15 billion euros, to the country next month.

    The troika experts visited the finance ministry and will visit the Hellenic Statistical Authority, the Bank of Greece and government ministries related with the memorandum.

    The troika heads are expected to arrive in Athens next Monday. The inspection will focus on ratifying a revised memorandum and specifying measures, worth 12.77 billion euros, needed for the period 2012-2014. These measures will be published in the next few weeks, as part of a Stability Programme to be submitted with the European Commission and to become a law of the state by the end of April. (ANA-MPA)

    More details on the subscriber's page of ANA-MPA | Subscription request form

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