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Athens Macedonian News Agency: News in English, 15-11-29

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

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

CONTENTS

  • [01] Outcome of political party leaders' meeting was anticipated, say gov't sources
  • [02] European Commission approves state aid to Piraeus Bank

  • [01] Outcome of political party leaders' meeting was anticipated, say gov't sources

    The outcome of the political party leaders meeting was anticipated by the government which requested the meeting so that every political power takes on its responsibilities towards the people, government sources told ANA-MPA on Sunday, commenting on Saturday's marathon meeting.

    The sources also made some estimations of the meeting and spoke on the possibilities which exist on tackling crucial issues.

    "The government will continue with dialog on all the major issues, first on a societal level and then in parliament. At the same time it is determined during the negotiations it will face, to carve out and defend its red lines, and to defend social cohesion with the support of society," the sources said.

    They also added that the aim remains to complete the first review which constitutes a landmark for a debt write-down.

    [02] European Commission approves state aid to Piraeus Bank

    BRUSSELS (ANA-MPA/ C. Vasilaki) - The European Commission approved on Sunday additional state aid of 2.72 billion euros to Piraeus Bank on the basis of an amended restructuring plan it submitted.

    "In the context of the third economic adjustment programme for Greece, the European Commission has approved additional state aid of 2.72 billion euros to Greek Piraeus Bank under EU state aid rules, on the basis of an amended restructuring plan," the Commission said in a press release.

    "The Commission concluded that the measures already implemented as part of the bank's existing restructuring plan of July 2014, in addition to those envisaged in the amended plan, will enable Piraeus Bank to ensure lending to the Greek economy in line with EU state aid rules, in particular the 2013 Banking Communication, and the Bank Recovery and Resolution Directive," it added.

    EU Commissioner in charge of competition policy, Margrethe Vestager, said she welcomes Piraeus Bank's ability to cover a significant part of its capital needs from private investors. "This is a sign of market confidence. The additional public support and further implementation of its restructuring plan should enable the bank to return to long-term viability and continue supporting the recovery of the Greek economy," she noted.


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