Athens Macedonian News Agency: News in English, 15-05-04

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

CONTENTS

[01] We aim to a comprehensive agreement with partners by end of May, gov't spokesman says

[02] ECB Vice President Constancio confident that worst-case Greek scenario will be avoided

[01] We aim to a comprehensive agreement with partners by end of May, gov't spokesman says

Sakellaridis said that the framework of discussions with the institutions is known, pointing at the importance of liquidity and financing of the economy.

"Any progress made in the negotiations, and undoubtedly progress has been made, can constitute a passport to a relaxation of the policy for the financing of the Greek society," he said.

The government spokesman stated that there is always the issue of debt that the Greek government will decide when and how it will raise it adding that there are many ways to make it sustainable.

He also pointed out that Greece stands by its commitments while creditors do not meet their obligations and urged Europe to fulfil its pledges.

[02] ECB Vice President Constancio confident that worst-case Greek scenario will be avoided

"I am also absolutely convinced that the worst-case scenario will be avoided," he told the paper, according to Reuters news agency.

"Everyone acknowledges that the degree of stress and vulnerability in the euro area has totally changed. There are no signs of contagion," he said, referring to the effects of the ECB's bond buying programme in mitigating concerns over Greece's problems.

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