Athens News Agency: News in English, 09-03-11

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

CONTENTS

[01] FinMin on bank liquidity plan

[02] ASE : Big Rise

[01] FinMin on bank liquidity plan

During the meeting, Bank of Greece (BoG) governor George Provopoulos briefed the participants on the progress in the program for liquidity of the economy and the relevant procedures were discussed.

BoG is monitoring the course of the plan and, according to the Ministry, the issue is not the immediate absorption of the entire liquidity package but to have liquidity throughout the entire duration of the financial crisis.

Papathanassiou added that the Monitoring Council, comprising the commissioners designated by the government at the banks that have joined the plan, will convene on a monthly basis.

Caption: ANA-MPA file photo of FinMin Yannis Papathanassiou

[02] ASE : Big Rise

Individual sector indices were moving mostly upward, with the biggest gains in Telecoms, up 3.77 percent; Banks, up 2.93 percent; Technology, up 2.86 percent; and Food & Beverage, up 2.37 percent.

The biggest losses were in Media, down 0.40 percent; and Chemicals, down 0.35 percent.

The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 2.35 percent, the FTSE/ASE MID 40 index was up 1.25 percent, and the FTSE/ASE-80 small cap index was up 0.47 percent.

Of the stocks moved, 105 were up, 30 were down, and 24 were unchanged.

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