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Athens News Agency: Daily News Bulletin in English, 15-07-23

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

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

Thursday, 23 July 2015 Issue No: 5005

CONTENTS

  • [01] Debate on 2nd prior actions package begins in plenum; final vote pushed back to 3:00
  • [02] Discussion over bill on second package of prior actions with an emergency procedure approved by majority
  • [03] Draft bill on prior actions passed by Parliament committees, sent to plenum
  • [04] PM Tsipras stresses importance of protecting weakest citizens
  • [05] Justice minister defends prior actions bill as 'lesser of two evils'
  • [06] ND's Voridis calls on ruling coalition to 'resolve the issue of its majority'
  • [07] PM Alexis Tsipras to meet Parliament President at noon on Thursday
  • [08] Parliament president denounces procedure followed for prior actions bill in letters to PM, President
  • [09] President replies to Parliament president, declines her request to brief counterparts
  • [10] FinMin Tsakalotos strikes back at opposition parties, Varoufakis
  • [11] Gerovasili: 'Elections would not be useful at this time'
  • [12] ANEL leader Kammenos rules out first residence foreclosures
  • [13] 'The programme is incoherent,' American economist Stiglitz tells ANA-MPA
  • [14] EU Commissioner Moscovici says negotiations on new bailout have started
  • [15] Top German economists talk to ANA-MPA, agree that more austerity for Greece is no solution
  • [16] Kremlin refutes reports Tsipras asked Russia for financial aid to print own currency
  • [17] Delia Velculescu is the new IMF head representative in Greece
  • [18] Greece's television landscape will change as of autumn, Alternate Min Spirtzis tells ANA-MPA
  • [19] Foreign minister convenes National Council on Foreign Policy to discuss Balkans
  • [20] Former PPC management, trade unionists to stand trial for illegal funds to GENOP union
  • [21] ECB offers 900 mln euros in extra liquidity to Greek banks
  • [22] Economy minister Stathakis has meetings in Brussels on Juncker plan for Greece
  • [23] Greek authorities working towards reopening of ASE
  • [24] Current legal framework of protecting loan holders still applies, Bank Association president says
  • [25] New job hirings surpass dismissals by 203,123 in H1
  • [26] Greek public debt remains the highest in the EU in Q1
  • [27] Intrasoft Intl in 196-mln-euro contract with European Parliament
  • [28] Twin demonstrations against memorandums underway in Athens
  • [29] Fire in Porto Rafti, Attica; no houses at risk
  • [30] Wildfire reported near Kranidi, Ermioni
  • [31] Fire breaks out in Kastro, in Ileia
  • [32] Bus lines to Athens Uni campus temporarily suspended, cut down
  • [33] Fair on Thursday
  • [34] The Wednesday edition of Athens' dailies at a glance Politics

  • [01] Debate on 2nd prior actions package begins in plenum; final vote pushed back to 3:00

    The debate on the second package of prior actions demanded by Greece's creditors, pushed through as fast-track legislation, began before the Parliament plenum late on Wednesday night. The final vote, originally to be held around midnight, has now been pushed back to around 3:00 on Thursday morning.

    Political interest during the post-midnight vote will focus on whether the ruling SYRIZA-ANEL suffers more losses and whether the SYRIZA MPs that voted against the first package will adopt the same hard line as before.

    As decided by the Conference of Presidents, the debate on the draft bill will end at around 2:00 on Thursday morning, to be followed by a roll-call vote that the Communist Party of Greece (KKE) has announced it will ask for, both on the draft bill in principle and on the individual articles.

    The prior actions in the draft bill include reforms to the code of civil procedure and the transposition of the Bank Recovery and Resolution Directive (BRRD) into Greek law.

    [02] Discussion over bill on second package of prior actions with an emergency procedure approved by majority

    The discussion over the bill on the second package of prior actions with an emergency procedure was approved by majority.

    Government parties SYRIZA, Independent Greeks (ANEL) and opposition parties New Democracy, Potami and PASOK voted in favour. However, they accused the government of forcing the Parliament to vote under pressure.

    Golden Dawn and communist party KKE spoke of unacceptable procedures.

    Finance Minister Euclid Tsakalotos defended the government's request to discuss the bill with an emergency procedure stressing the need to conclude the deal as soon as possible. Furthermore, he stated that the controversial issues relating to early retirement and farmers have been removed from the bill.

    It is extremely important for the bill on the prior actions to pass so that the negotiation starts next Friday.

    [03] Draft bill on prior actions passed by Parliament committees, sent to plenum

    The draft bill on the prior actions demanded by Greece's creditors was passed with a large majority by MPs in a joint session of four relevant Parliament committees on Wednesday. It was approved with the support of ruling SYRIZA-ANEL MPs, main opposition New Democracy, Potami and PASOK. It was opposed by Golden Dawn and the Communist Party of Greece (KKE).

    The fast-tracked legislation, which will now go before the plenum for debate and be voted on around midnight, includes changes to the Code for Civil Procedure and transposition of the Bank Recovery and Resolution Directive (BRRD) into national law. The two measures are among prior actions demanded by Eurozone leaders in the July 12 summit agreement in order to begin negotiations on a third bailout for Greece.

    [04] PM Tsipras stresses importance of protecting weakest citizens

    "What matters at this time is for normality to return to the system, but also to ensure that moves affecting our weakest citizens will be avoided," Prime Minister Alexis Tsipras on Wednesday said in a meeting with the Hellenic Bank Association.

    "I think it was necessary to make this meeting; there are many items on the agenda," he said.

    The prime minister stressed that since there is an institutional gap until the protection of primary residence comes to Parliament, everything in power should be done to ensure the protection of the weakest citizens.

    On her part, the president of the Hellenic Bank Association said that "we want that the entire financial system to enter a phase of regularity and normality as soon as possible, to be able to lift any constraints in deposits withdrawal and capital flow."

    She said that the "the sooner we can achieve this goal, the better it will be for the recovery potential of the Greek economy."

    [05] Justice minister defends prior actions bill as 'lesser of two evils'

    Addressing Parliament during the debate on changes to the code for civil procedure - one of two prior actions demanded by Greece's creditors to begin talks on a new bailout for Greece - Justice Minister Nikos Paraskevopoulos on Wednesday defended the legislation as "the lesser of two evils".

    "There is no contradiction in the position I express: among two evils, I choose the lesser evil. I have no problem with my conscience because I chose for the good of the people," Paraskevopoulos replied to stinging criticism from Parliament President Zoi Konstantopoulou.

    Paraskevopoulos said that he would also prefer more a less rushed Parliamentary process but was nevertheless recommending the bill - despite objecting to one or two points - because the alternative was a possible exit from the euro and hardship for everyone, especially the weakest.

    He promised to try to change the two measures in the bill that he considered problematic at a later stage.

    The minister had been urged to adopt a position in the face of the disagreement within ruling SYRIZA's ranks by main opposition New Democracy and PASOK, who supported the legislation.

    "The Parliament president has denounced you as objects of blackmail by the creditors and [said that you are] the organs of the creditors and lacking free will. You cannot just sit there. Either resign together or table a censure motion against the Parliament president," ND MP Nikos Dendias urged.

    [06] ND's Voridis calls on ruling coalition to 'resolve the issue of its majority'

    Main opposition New Democracy (ND) Parliamentary spokesman Makis Voridis on Wednesday stressed that the SYRIZA-ANEL coalition government must resolve the issues with its majority in Parliament, which he called a "huge political problem".

    Voridis, speaking during a joint session of four Parliamentary committees to discuss a second package of prior actions demanded by Greece's creditors, said it was a "paradox on a global scale" for a government to be supported by the votes of the opposition.

    He also asked that the government remove a reference in the introduction to the draft bill saying that it was tabled in Parliament "because it is the only text that has the agreement of the institutions."

    "We cannot have such justifications coming [to Parliament] because they revoke the basic concept of national sovereignty of the legislative body," he pointed out.

    He also called on SYRIZA to realise that it was coming to Parliament in search of a majority each time and therefore had no right to criticise those supporting the existence of its government.

    "You cannot chastise us when we are exceeding ourselves, as we did in the last bill, when we voted to increase VAT that we had reduced, when we voted for the emergency contribution, when we voted for taxation of the islands when we had managed to preserve the taxation rate for the islands. We cannot listen to anti-memorandum rants," he said.

    [07] PM Alexis Tsipras to meet Parliament President at noon on Thursday

    Prime Minister Alexis Tsipras will have a meeting with Greece's Parliament President Zoi Konstantopoulou at his offices at noon on Thursday, sources said.

    Sources close to Konstantopoulou said the prime minister had agreed to her request for a meeting to discuss the letter that she sent to both Tsipras and to President of the Republic Prokopis Pavlopoulos, urging them to inform their counterparts of the blatantly unconstitutional processes followed in the tabling of the two bills for the prior actions demanded of Greece.

    [08] Parliament president denounces procedure followed for prior actions bill in letters to PM, President

    In letters sent to Prime Minister Alexis Tsipras and President of the Republic Prokopis Pavlopoulos on Wednesday, Parliament President Zoi Konstantopoulou denounced the fast-track procedures following in the processing of the second package of prior actions demanded by Greece's creditors, as well as the form of the legislation, saying it flouted Greece's Constitution.

    In her letter, she referred to a "violent attack on democracy" and said this could not be allowed to happen in the framework of the European Union, and especially not in silence.

    She asked both the prime minister and the president to inform their respective counterparts in Europe about the violations that had taken place, adding that she would also inform her own counterparts in Europe.

    Konstantopoulou especially emphasised the fact that the 977-page draft legislation tabled at midnight on July 20 introduced more than 1,008 articles on the code of civil procedure and 130 related to the Bank Recovery and Resolution Directive (BRRD) as two single articles, preventing any modification or even time to read them properly, and passing legislation that made major changes to justice and citizens' rights under "conditions of open blackmail".

    Ministers were being forced to bring legislation that they disagreed with so it could be passed by MPs that also disagreed with its contents, under direct threat of disorderly default, she said.

    Konstantopoulou also pointed out that the same legislation dated back to the previous government and that bar associations throughout the country held votes that rejected it by percentages exceeding 93 pct in December 2014.

    The fact that the particular legislation had been selected by the eurosummit governments as a 'prior action' to start talks on a Greek bailout "reflects the depths of these foreign governments' contempt for the principles of parliamentary function, popular rule and finally democracy," she said.

    [09] President replies to Parliament president, declines her request to brief counterparts

    President of the Republic Prokopis Pavlopoulos on Wednesday replied to a letter sent to him by Parliament President Zoi Konstantopoulou, declining her request to inform his counterparts that proper Constitutional procedures had not been followed in the case of the two draft bills on prior actions tabled for approval in Parliament.

    Pavlopoulos explained that the Constitution did not allow him to inform his counterparts about the claims made in her letter, as she requested.

    "First, the letter expresses your personal opinions, since there has been no decision of the Parliament in this direction. There is no article in the Constitution, nor in international and European practice, that allows me to inform my Counterparts to this effect, especially when you have the right, which as an esteemed jurist you know, to correspond with them directly.

    "Secondly, even if it was a decision of the Parliament, the president of the Republic would again, under the Constitution and international and European practice, have no authority nor therefore the means to convey such to his Counterparts. Given that in this case also, the Hellenic Parliament is in no way prevented from addressing them directly."

    [10] FinMin Tsakalotos strikes back at opposition parties, Varoufakis

    Finance Minister Euclid Tsakalotos on Wednesday struck back at his critics, both from the parties of the opposition but also closer to home, in the form of his fellow SYRIZA MP and former predecessor Yanis Varoufakis.

    "It is not true that the negotiation started now. We must not create 'good guys' and 'bad guys' in such a simple way, because the country will not go forward," Tsakalotos said, replying to Varoufakis' comments.

    He was no less sharp with former coalition partners New Democracy and PASOK, whose governments had dominated Greek politics for decades before SYRIZA's election, responding to charges that the ruling SYRIZA-ANEL coalition was trying to create its own 'party army'.

    "There are people in ND and PASOK that could write up four or five postdoctorates on the functioning of the clientelist state," he said, while he also accused the Communist Party of Greece (KKE) of "misreading" the crisis.

    "Don't hand out absolution to ND and PASOK, who throughout the pre-election and post-election campaign cultivated the conditions for a bank run," he said.

    [11] Gerovasili: 'Elections would not be useful at this time'

    Elections at this time would not be "useful," government spokeswoman Olga Gerovasili repeated on Wednesday, in statements to the private radio station Alpha 98.9. Greece was currently in the midst of a process leading up to the signature of an agreement and an effort to restore at least a semblance of normalcy, she pointed out.

    Replying to journalists that interpreted the prime minister's statements as the announcement of the launch of party procedures in September, followed by resort to the polls, Gerovasili said that there were "two viewpoints in SYRIZA".

    These had always existed, she noted, but now "a very specific issue" was arising and this would be discussed within the party's collective processes.

    "Once these [things] are discussed through a broad, democratic collective dialogue we will see how we will proceed. I understand that all this is a dynamic process. There are very dense, intense political issues that need to find their way. Through all this we may, therefore, go to elections when this is necessary," she said.

    Asked if a SYRIZA 'divorce' was inevitable, given that one side is proposing a break with creditors and return to the drachma and a second is opting for the euro with painful measures, Gerovasili admitted that this might be the case.

    "There is a view that is adopted by the government and by the majority, which says that we must do everyting to save the country from an unmanageable situation that could arise if the country was without an agreement...without being happy about it," she said. SYRIZA was as much this group as the dissenters led by Panagiotis Lafazanis, she added.

    "Consequently, if there continue to be two different strategies, two different views, the way will be truly difficult. It may be impossible...as you say, there are two different viewpoints that are clashing today, but on a government level. This cannot continue like this."

    Replying to questions about whether the prime minister was "disappointed and ideologically insulted" by the dissenters, Gerovasili stressed that those thoughtlessly expressing "a simple 'no' without any counterproposal that is realistically feasible, while at the same time comparing who has the most 'angst', who is most leftist, this cannot be acceptable."

    She predicted that Wednesday night's votes would see some 'abstentions' converted to support for the legislation, adding that this was because some MPs now realised that there was no other choice.

    Gerovasili declined to reply on whether the prime minister would take action against Parliament President Zoi Konstantopoulou, who continues to oppose the measures.

    [12] ANEL leader Kammenos rules out first residence foreclosures

    "I want to assure the Greek people that there is no risk for the first residence. Our presence in the government is a guarantee," government coalition junior partner Independent Greeks (ANEL) leader Panos Kammenos said on Wednesday after a meeting with Prime Minister Alexis Tsipras at Maximos Mansion.

    "I will not allow any foreclosure of a Greek residence, this is binding," Kammenos, who is also Defence Minister, said.

    He added that "any scenarios on farmers' taxation which seek to create a certain climate are not real."

    [13] 'The programme is incoherent,' American economist Stiglitz tells ANA-MPA

    American economist Joseph Stiglitz in an interview with ANA-MPA described the agreement reached as "incoherent."

    "They made very clear there was not alternative. We had five years of austerity that has not worked," he underlined.

    "The IMF predicts that the programme will lead to a decline of GDP. The IMF has said there will have to be debt relief and in the programme there is no debt relief. One has to see the programme as incoherent, not a way to lead to prosperity. But it was an ultimatum," he stated on the sidelines of Symi Symposium held on Corfu.

    On the German position, he said that it is difficult to be understood as it does not make any economic sense. "It has been proven wrong," he noted.

    Referring to the euro, he said, that it has been a failure. "Growth since the euro started is much lower that it was before. It was supposed to bring prosperity but it brought recession and depression. But it was a political decision; above all it was supposed to bring countries together."

    Asked on the US support and President Barack Obama, he replied: "I do believe there is a lot of support. The most important seems to be trying to maintain stability. And part of it, is keeping Europe, eurozone together."

    Moreover the American economist expressed the hope that there will be willingness to work with Greece, and push forward those reforms that are most important in changing, modernizing the Greek economy, attacking the problems of corruption. Unfortunately, in the past, some of the provisions that the troika has maintained had actually undermined the attempts of previous governments to deal with these problems. "The troika has created the worst conditions possible for successful structural reforms," he said.

    Stiglitz also said that it is very difficult for outsiders to have a full grasp of what is going on in one country. "One of the reasons why outside conditionality almost never works is because there has to be a programme designed by the country and not designed with a gun at your head."

    Asked if there is hope, he said: "There is always hope. I have seen the resilience of Greek people. I have seen what they have withstood already. I have seen their strength. Their intelligence with which they approached these problems. As long as social cohesion is maintained, as long as there is this a kind of commitment, there is a basis for hope."

    Stiglitz underlined that when there is will there is a way and spoke of a deep reprofiling of the debt.

    [14] EU Commissioner Moscovici says negotiations on new bailout have started

    BRUSSELS (ANA-MPA/ Ch. Vasilaki)

    European Commissioner for Economic and Financial Affairs Pierre Moscovici on Wednesday told reporters that negotiations between Greek authorities and the institutions on a Memorandum of Understanding for Greece's 3rd bailout programme have started and will continue into the second fortnight of August.

    He also said that all sides were making swift progress towards implementing the eurozone summit agreement of July 12.

    [15] Top German economists talk to ANA-MPA, agree that more austerity for Greece is no solution

    Three of Germany's top economists were dubious that the new bailout programme imposed on Greece by its EU partners can work if it continues to focus only on austerity, in interviews with the ANA-MPA's Antonis Polychronakis published on Wednesday. Without investment in the real economy, they agreed that it would probably fail to bring about Greece's recovery.

    According to Heiner Flassbeck, a former state secretary in the German Federal Ministry of Finance, advisor to former finance minister Oskar Lafontaine, and subsequently chief of Macroeconomics and Development of the United Nations Conference on Trade and Development (UNCTAD) in Geneva until 2012, the programme was not only humiliating but also nonsensical.

    Flassbeck, who co-authored the book "Only Germany can rescue the euro: the last act is starting" with rebel SYRIZA MP and explicit euro exit supporter Costas Lapavitsas, said the programme would only make the Greek economy sink deeper and fail to achieve any of the desired targets.

    "There is no simple transition to another currency from one day to the next but if I was in the Greek government I would start planning now on exactly how, very specifically, an exit [from the euro] might be carried out in the coming months," he said.

    Bremen-based German economist Rudolf Hickel, considered among the country's top five economists by the magazine FAZ, was also pessimistic about the outlook if creditors continued with the "avalanche system" of new debts to service the old, without pumping some money into Greece's economy and infrastructure.

    "The continued harsh austerity imposed by the three institutions, with cuts on a social level and increases in mass taxation, will lead to the economy shrinking further and reduced demand to further loss of jobs," Hickel said.

    On the positive side, he noted that there finally appeared to be a willingness to pump fresh money into the economy and infrastructure, such as the 12.5 billion euros from the privatisation fund and the 35 billion euros from EU structural funds.

    "The planned privatisations of public property are wrong, however, because the state property could secure infrastructure projects and constant revenues. The revenue from the sales will soon be burned up against the mountain of debt," he said, adding that the compromise reached had only bought a little time.

    "A new discussion on Grexit is visible...basically because economic aid is once again being given only for the financing of overdue loans. We remain in the avalanche system: new debts financing old debts."

    He stressed that the creditor institutions must finally focus on rebuilding Greece's economy and boosting infrastructure and pointed to elements that were blatantly absent from the agreement, such as action to fight poverty, a commitment to increase emergency funding from the European Central Bank to replenish ATMs and a restructuring of Greek debts to the ECB and IMF.

    Prof. Gustav Horn, the director of the Macroeconomic Policy Institute (IMK) at the Hans-Boeckler-Foundation, was also clear that the new agreement could only work if investments in Greece's economy had a more drastic effect than the latest round of cuts.

    "The agreement achieved between the EU governments and Greece had as its price a huge loss of mutual trust. Economically, at least, it can offer only a limited possibility for the recovery of the Greek economy. This will only happen, however, if the investment components of the agreement are exploited quickly and drastically.

    If, however, the rescue strategy is confined to an enhanced continuation of cuts to the state budget, then this programme will fail, like the ones before it," Horn said.

    [16] Kremlin refutes reports Tsipras asked Russia for financial aid to print own currency

    Prime Minister Alexis Tsipras never addressed Russia with a request to provide Greece with financial assistance in order to print its own currency, Kremlin spokesman Dmitry Peskov said on Wednesday, according to Sputnik.

    "The President has already said and the minister has said and we have repeatedly said on various levels that the Greek side and the Greek authorities did not approach Russia for help," Peskov told journalists.

    Source: Sputnik

    [17] Delia Velculescu is the new IMF head representative in Greece

    The International Monetary Fund (IMF), which is asking for the imposition of more austerity measures on Athens, replaced the head of its team in Greece, its spokesman said.

    Rishi Goyal will be replaced by economist Delia Velculescu, who has worked in the past with the Greek team.

    [18] Greece's television landscape will change as of autumn, Alternate Min Spirtzis tells ANA-MPA

    Greece's television landscape will change as of autumn, Alternate Minister for Infrastructure, Transport and Networks Christos Spirtzis on Wednesday said in an interview with ANA-MPA.

    Spirtzis is expected to table for discussion in Parliament the draft law on television licences on Wednesday or Thursday.

    "We are committed to the Greek people that we will bring institutional bills that will bring transparency in the media," he underlined.

    He also cleared out that everyone can participate in the tender. "Everyone can participate and with the same terms."

    The full interview is available for subscribers at ANA-MPA website.

    [19] Foreign minister convenes National Council on Foreign Policy to discuss Balkans

    "Greece is returning to the Balkans," Foreign Minister Nikos Kotzias said on Wednesday, in statements after briefing a meeting of the National Council on Foreign Policy about the results of his tour in seven southeastern European countries.

    Kotzias said that he had briefed the parties on the meetings and agreements he had during his trip to seven of the eight Balkan countries, adding that the country's policy in the area has two elements.

    "The one element is to support our cooperation with each country and its course towards the European Union. The second is to again find a way to create an internal Balkan space, for the Balkan periphery to be remade - a development that will facilitate the future place of all of these states in the European Union itself," he said.

    The minister said the meeting had discussed Greece's policy on FYROM, Albania and Kosovo, and also on Serbia, Bosnia-Herzegovina and Montenegro.

    "I also briefed them on our good strategic relations with Bulgaria. I think it became clear to everyone during the discussion that we are continuing a policy on Kosovo that was decided on in the past, that is based on the 2012 agreement on the creation of an Office in Greece; that is, an agreement that is not - as was incorrectly said - our choice. It is a policy that continues the support of the European courses of these countries; a policy decided upon in Thessaloniki, in 2003, and in the years from 2010-2013, with the Association Agreements most of these countries concluded with the European Union," Kotzias stated.

    The discussion also highlighted the fact that Greece, despite its weaknesses in the economic sector, remains the country with the greatest potential in the Balkans; the country that has the cultural, political and historical capability, the expertise and experience from the European Union, to contribute to a better tomorrow for all of the Balkan states, he added

    The meeting was attended by representatives of the ruling SYRIZA-ANEL coalition, main opposition New Democracy, as well as the opposition parties Potami, PASOK and Golden Dawn.

    [20] Former PPC management, trade unionists to stand trial for illegal funds to GENOP union

    A total of 59 defendants, including former top management and trade unionists of the state-run Greek electricity company Public Power Corporation (PPC), were on Wednesday indicted to stand trial for incidents of illegal financing of the PPC trade union GENOP-DEH using PPC funds.

    The Appeals Justices' Council issued an indictment ordering the 59 accused to stand trial before a criminal appeals court charged with repeated counts of breach of faith, committed in collusion, and for fraud at the expense of the PPC.

    The evidence in the case file, based on an investigation conducted by the Inspector for Public Administration, refers to large sums approved and handed over to GENOP-DEH by the PPC that were either not used for the purposes specified or related to overpriced activities. It also includes a loan that the PPC extended to the trade union.

    The sums in question exceed one million euros in the three years 2008-2010, in addition to a 500,000 euro loan that was never repaid and a 300,000-euro study that was never carried out, without the money returning to PPC.

    Among those indicted are the former PPC CEOs Ioannis Paleokrassas, Arthouros Zervos and Panagiotis Athanasopoulos, the former head of the GENOP union Nikos Fotopoulos, as well as other staff and trade unionists.

    The public prosecutor's report had recommended that nearly all the accused be acquitted and that only Athanasopoulos be indicted for the 300,000 euros given for the study that was not carried out.

    Financial News

    [21] ECB offers 900 mln euros in extra liquidity to Greek banks

    The European Central Bank on Wednesday approved an additional 900 million euros in extra liquidity to Greek banks through the Emergency Liquidity Assistance mechanism (ELA), raising the ceiling of the mechanism to around 91 billion euros. The ECB had approved 900 million euros to Greek banks last week after Greece reached an agreement with its creditors over a new bailout programme and the Greek Parliament approved the first law with a package of prior actions agreed.

    [22] Economy minister Stathakis has meetings in Brussels on Juncker plan for Greece

    The Juncker plan for Greece was the main focus of meetings that Economy, Infrastructure, Shipping and Tourism Minister George Stathakis had in Brussels on Wednesday with European Commission Vice-President and Commissioner for Social Dialogue Valdis Dombrovskis and with European Commissioner for Regional Policy Corina Cretu.

    The discussion focused on the European Commission's recent decisions to increase the co-financing rate for the 2007-2013 National Strategic Reference Framework (NSRF) to 100 percent and the advance on the current programme (2007-2014).

    The increase in the co-financing rate can save up to 2.0 billion euros for the Greek budget and is accompanied by the immediate availability to Greek authorities of the 5 pct of the programme usually held back until completion.

    The economy ministry says that a first 1.0 billion euros can be added to available capital in the first years of the programme through the 7 pct increase in the advance funding of the new NSRF.

    The total available amount for Greece until 2020 exceeds 35 billion euros, of which 20 billion are from European structural and investment funds, which the ministry says will be a key source of funding for the Greek economy.

    [23] Greek authorities working towards reopening of ASE

    The Bank of Greece and the Capital Market Commission are currently drafting a legislative act of the preconditions and terms for the reopening of the Athens Stock Exchange. These proposals will be submitted to the Finance ministry for a ministerial decision to be signed later on.

    When the market will reopen and under which terms are entirely a political decision, while pending issues for the restart of the market are still numerous. The crucial question is the limit for Greek investors to use from their bank deposits for market transactions. According to sources, the market reopening will find Greek investors under significant limitations, as the Bank of Greece fears that there will be a danger of transferring significant amount of money from bank deposits to the stock market.

    Market sources told ANA-MPA that any decision loosening the restrictions on Greek investors' cash reserves will not have a big impact on bank deposits since investors will be very cautious in putting fresh money in the stock market because of the high investment risk in the Greek market.

    Average daily turnover was around 100 million euros before the market was closed, of which 30 million were from Greek investors. Based on these figures, traders expect that the outflow of deposits in a period of one month will not exceed 300 million euros.

    Market authorities seemed to have accepted a request by securities firms for a free use of credit reserves of their clients, estimated at around 30 million euros, while a solution is sought on the free use of cash reserves in bank accounts for share transactions.

    Greek investors will be allowed to use fresh money to buy shares, while foreign investors will have absolute freedom of moves.

    Stock market authorities wish for an immediate reopening of the market fearing that the market's international picture will be hurt if Greek shares were to be downgraded or delisted from international indices such as MSCI and FTSE. They said that there was a fear that the Athens Stock Exchange could be driven to isolation, leading to a massive exit of international institutional investors which accounted for 58.4 pct of market capitalization in June, controlling more than 60 pct of daily value of transactions in the market.

    The last trading session of the market was on Friday, 26 June. Since then capital worth 49 billion euros were frozen in the market.

    [24] Current legal framework of protecting loan holders still applies, Bank Association president says

    The president of the Hellenic Bank Association Louka Katselli in a meeting with Prime Minister Alexis Tsipras on Wednesday reassured that the current legal framework of protecting loan holders will still apply.

    She added that the banks are waiting for the government's new legislative iniatives that will set the new framework as of 2016.

    [25] New job hirings surpass dismissals by 203,123 in H1

    Wage employment in the private sector rose in June, with the hiring/dismissal balance showing a positive 8,590 job positions as new hirings totaled 191,598 and dismissals totaled 183,008 in the month, a report by the "Ergani" IT system of the Labour ministry said on Wednesday.

    The report said that June was the fifth successive month with a positive employment balance, after a five-month period from September 2014 to January 2015 of negative balance in employment flows in the private sector. The wage employment flow balance showed a positive 203,123 new job positions in the January-June period, the highest performance since 2001. New hirings totaled 900,835 in the first half, while dismissals totaled 697,712 in that period. A 50.92 pct of new employment contracts were full-time jobs, a 49.09 pct were part jobs.

    [26] Greek public debt remains the highest in the EU in Q1

    The Greek public debt reached 168.8 pct of the country' s GDP in the first quarter of 2015, remaining the highest among EU member-states, Eurostat said on Wednesday.

    The EU executive's statistics office, in a report, said that the Greek public debt fell 5.5 pct compared with the same period in 2014. In the Eurozone, the public debt/GDP rate grew to 92.9 pct in the January-March period, from 91.9 pct last year, while in the EU the debt/GDP rate grew to 88.2 pct from 86.2 pct over the same periods, respectively. Bulgaria recorded the biggest percentage increase in the first quarter (+10 pct).

    [27] Intrasoft Intl in 196-mln-euro contract with European Parliament

    An international joint venture -including Intrasoft International- has won an 196-million-euro framework-contract for the supply of external IT development, survey and support services to the European Parliament.

    The framework-contract is considered one of the biggest in the IT services market in the European Union. Intrasoft International is expected to cover around 50 pct of the total budget. CGI Luxembourg is also participating in the joint venture. The contract has a five year duration.

    General News

    [28] Twin demonstrations against memorandums underway in Athens

    A demonstration against the second package of prior actions being debate in Parliament began outside the gates of Athens university late on Wednesday, with a march to Parliament organised by the civil servants' union federation ADEDY.

    Meanwhile, a second demonstration and march organised by the PAME trade union faction, affiliated to the Communist Party of Greece (KKE), set off for Parliament from Omonia Square.

    The two marches arrived in Syntagma Square almost simultaneously, with the ADEDY march occupying the top half of the square and PAME supporters the lower end.

    The demonstrators plan to remain in Syntagma until the vote on the measures in Parliament.

    [29] Fire in Porto Rafti, Attica; no houses at risk

    A forest fire broke out in the Avlaki area in Porto Rafti, on the eastern coast of Attica, on Wednesday. According to the fire brigade, it poses no threat to homes or inhabited areas.

    A force of 57 fire-fighters, 20 fire engines, a 17-man team on foot, two water-bombing aircraft and two helicopters are striving to put out the blaze, which is currently being fanned by strong winds blowing in the area.

    [30] Wildfire reported near Kranidi, Ermioni

    A wildfire was reported near the village of Fournoi in the Kranidi municipality in Ermioni, northeast Peloponnese on Wednesday. It was burning mainly forest and brush land, as well as some olive groves, but not threatening inhabited areas.

    The fire brigade has sent 22 fire engines, 50 fire-fighters, two teams on foot and groups of volunteers with spraying equipment to help put out the flames, assisted by two PZL aircraft and two Canadair aircraft dropping water from above.

    [31] Fire breaks out in Kastro, in Ileia

    A wildfire broke out at 19:30 on Wednesday in Kastro, an area in the Kyllini municipality in Ileia. The fire brigade said the blaze is burning areas of forest and agricultural land but poses no threat to homes and inhabited areas.

    [32] Bus lines to Athens Uni campus temporarily suspended, cut down

    The Athens transport organisation OASA on Wednesday announced the temporary suspension of the bus lines 242 and E90 serving the Athens University campus (Panepistimioupoli) from Friday until August 31, while bus services on line 250 from Evangelismos Station to the campus will run less frequently. All lines will be restored to normal service after August 31.

    Weather forecast

    [33] Fair on Thursday

    Fair weather and northerly winds are forecast for Thursday. Wind velocity will reach 7 on the Beaufort scale. Fair in the northern and the western parts of the country with temperatures ranging from 20C-37C. Fair in the eastern parts with temperatures between 21C-36C. Sunny weather over the Aegean islands and Crete, 22C-32C. Fair in Athens, 25C-36C. Fair in Thessaloniki, 24C-36C.

    [34] The Wednesday edition of Athens' dailies at a glance

    AVGHI: Next stop in September

    EFIMERIDA TON SYNTAKTON: He passes the ball to the party

    ESTIA: Shameful data on VAT

    ETHNOS: (Prime Minister Alexis) Tsipras' rift with the rebels of SYRIZA

    IMERISSIA: Market collapses

    KATHIMERINI: Open camp of Afghans at Pedion Areos

    KONTRANEWS: End to (Panagiotis) Lafazanis, (Yanis) Varoufakis, (Zoi) Konstantopoulou who follow (German Finance Minister Wolfgang) Schaeuble's line

    NAFTEMPORIKI: Solution needed for the Athens stock exchange

    RIZOSPASTIS: Against the second package of anti-popular measures

    TA NEA: Tsipras throws down the gauntlet to the conspirators of the drachma

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