Athens News Agency: News in English, 08-11-04

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

CONTENTS

[01] Papandreou received by Metropolitan of Austria

[02] ASE: Strong Rise

[03] Athens Newspaper Headlines

[01] Papandreou received by Metropolitan of Austria

Papandreou, as SI president, earlier chaired the first meeting of the SI-sponsored Stiglitz Committee that discussed the formulation of the world's progressive political forces' proposal for exit from the global financial crisis.

He was due to fly to Brussels on Tuesday, where he will meet with European Commission president Jose Manuel Barroso, and also attend an extroardinary meeting of the European socialist parties' leaders on Wednesday.

Caption: ANA-MPA file photo of main opposition PASOK party leader George Papandreou

[02] ASE: Strong Rise

Individual sector indices were moving upward across the board, with the biggest gains in Travel & Recreation, up 5.99 percent; Industrial Products, up 4.40 percent; Technology, up 3.41 percent; Banks, up 3.16 percent; and Food & Beverage, up 2.96 percent.

The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 3.02 percent, the FTSE/ASE MID 40 index was up 1.80 percent, and the FTSE/ASE-80 small cap index was up 3.48 percent.

Of the stocks moved, 145 were up, 33 were down, and 20 were unchanged.

[03] Athens Newspaper Headlines

The European Commission's report forecasting that Greece's ecomomy is more solid in relation with other eurozone countries despite the gloomy predictions indicating a slow-down in growth and cutbacks in benefits, and the US Presidential elections dominated the headlines on Tuesday in Athens' newspapers.

ADESMEFTOS TYPOS: "According to EU Commision report the resistence of Greek economy is better".

APOGEVMATINI: "3.3 billion euros in benefits - Commissioner Almunia gave the green light to the government".

AVGHI: "The number of unemployed will reach 100,000 in 2010 ".

AVRIANI: "The anticipated victory of Obama in US elections signals ...the end of the Jewish domination - Everything changes in USA and we hope that it will be more democratic and humane".

CHORA: "Maximos mansion (government headquarters) freezes - The cries for change of government policy are multiplying".

ELEFTHEROS: "Civil servants' lump sum retirement benefit endangered - 600 million euros 'black hole' in their Welfare Fund".

ELEFTHEROS TYPOS: "Troops of unemployed - EU Commission: 60,000 dismissals in Greece - Government finds 1.2 billion euros 'pillow' for the low incomes".

ELEFTHEROTYPIA: "EU and banks put the Greek economy in a vise - Freeze in workers' benefits, enterprises tighten the belts".

ESTIA: "Dangerous political turnabout - Ruling party New Democracy gives up its ideology".

ETHNOS: "Wager of hope for the planet - In the last moments before the elections, Obama increases his lead over McCain".

KATHIMERINI: "The ablity for benefits is low due to debts, indicates Commission report that predicts recession in EU".

LOGOS: "The �uropean Commission foresees that the growth rate will slow down to 2.5 percent in 2009".

RIZOSPASTIS: "EU brazenly blackmails the people to pay for the credit crisis".

TA NEA: "Austerity and 50,000 dismissals - European Commission makes gloomy forecasts".

TO VIMA: "We will change the world, Obama declares - US elects new President today - The world hopes and agonizes about the outcome".

VRADYNI: "The Greek economy resists - Almunia vindicates the government's economic policy".

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