Athens News Agency: News in English, 11-04-27

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

CONTENTS

[01] Interest rates rise on ECB hike

[02] Dockworkers strike on May 1

[03] ASE opening: Decline

[04] Athens Newspaper Headlines 

[01] Interest rates rise on ECB hike

Banks that announced changes in interest rates for their products included Eurobank, Piraeus Bank, Marfin Egnatia Bank, Millenium Bank, Hellenic Bank and FBBank.

The hikes announced ranged from a minimum 0.25 percent, keeping step with the ECB increase, but some deposit interest rates were raised by up to 0.35 percent and for loans by up to 0.5 percent.

Many of the changes concerned loans or accounts using the ECB rate as a reference and the majority will go into effect from this Friday, while some changes will be implemented over the course of May and early June. Classes of loans affected include mortgages, consumer loans, credit cards but also loans to businesses.

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[02] Dockworkers strike on May 1

Unions have decided to participate with a 24-hour strike from 12 midnight on Saturday until 12 midnight on Sunday. The dockworkers are expected to hold an initial strike gathering in Karaiskaki Square in Piraeus at 5:30 in the morning.

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[03] ASE opening: Decline

The biggest gains for individual sector indices were in Health, up 3.56 percent; Chemicals, up 1.26 percent; and Construction, up 1.08 percent.

The biggest losses were in Commerce, down 1.73 percent and Financial Services, down 0.50 percent.

The FTSE/ASE 20 index for blue chip and heavily traded stocks was down 0.41 percent, the FTSE/ASE MID 40 index was down 0.25 percent, and the FTSE/ASE-80 small cap index was up 0.11 percent.

Of the stocks traded, 38 were up, 29 were down, and 13 were unchanged.

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[04] Athens Newspaper Headlines

The various new measures expected as a result of the upward revision of the public deficit were the main front-page items in Athens' dailies on Wednesday.

ADESMEFTOS TYPOS: "Legalisation of unauthorised buildings unconstitutional."

AVRIANI: "Government a circus leading the country to collapse".

DIMOKRATIA: "Per capita 'tax' for farmers".

ELEFTHEROS: "Former minister Thanos Mikroutsikos launches 'mortars' against [Prime Minister George Papandreou]".

ELEFTHEROS TYPOS: "They are even slapping taxes on tourism!".

ELEFTHEROTYPIA: "Raids on hospitals, pension funds, local government, public utilities, tax evasion, contribution evasion".

ESTIA: "Utter failure with the deficit".

ETHNOS: "Civil war in ranks of government-New Democracy".

IMERISSIA: "Markets down 15 percent. Deficit at 10.5 percent - New measures on the way".

KATHIMERINI: "Deficit leads to additional measures".

LOGOS: "Eurostat revision brings wave of new measures".

NAFTEMPORIKI: "Public deficit and debt off target".

NIKI: "Public prosecutor to bank for 2.7 million euro fraud".

RIZOSPASTIS: "Anti-popular war escalates using deficit and debt as pretext".

TA NEA: "Mass transfers of national health service doctors".

VRADYNI: "New sweep for wages and pensions".

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