Athens News Agency: News in English, 09-11-04

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

CONTENTS

[01] Report: Annual tax evasion at 30 bln euros

[02] Athens Newspaper Headlines

[03] Stocks rebound strongly

[01] Report: Annual tax evasion at 30 bln euros

The Federation�s report, based on figures published by the finance ministry for the year 2007, said that government efforts to collect 20 billion euros from tax evaders could either cut taxpayers� taxes by around 30 pct, erase the country�s fiscal problem or allowing a combination of both. The report also noted that wage earners and pensioners accounted for 74 pct of total income, while self occupied people only 4.0 pct and 99.5 pct of enterprises paid an annual tax of 6.100 euros on average.

[02] Athens Newspaper Headlines

EU forecasts for zero growth in the Greek economy in 2010 and its strict recommendations and the situation in main opposition New Democracy ahead of the elections for the party's leadership, dominated the headlines on Wednesday in Athens' newspapers.

ADESMEFTOS TYPOS: "Storm of additional contributions - Tax evasion hunt against property owners for debts".

APOGEVMATINI: "The government's inconsistency is verified - Every decision is not well prepared and lacks prospect".

AVGHI: "Poor social benefit package".

AVRIANI: "Who will receive the solidarity benefit, and how".

CHORA: "The leadership race in main opposition New Democracy is turning into a derby".

ELEFTHERI ORA: "EU foresees zero growth and skyrocketing of unemployment in 2010".

ELEFTHEROS: "Who will receive the social solidarity benefit"?

ELEFTHEROTYPIA: "EU warns: Alas if .... The gloomiest messages on the Greek economy since 2002".

ESTIA: "The new taxes are preposterous- They burden the honest taxpayers".

ETHNOS: "Benefit/breather for 2.5 million Greeks".

KATHIMERINI: "EU stance gets tougher on Greece".

LOGOS: "EU forecasts zero growth and unemployment over 10 percent for Greece in 2010".

NIKI: "Mutiny in PASOK over the abolition of the old vehicles withdrawal incentives, and the taxes and extraordinary contributions".

RIZOSPASTIS: "The government's sensitivity equals a one euro charity to the destitute".

TA NEA: "300 enterprises and 60,285 property owners will pay extraordinary contributions ".

TO VIMA: "From whom they take and to whom they give - Government proceeds with first part of income redistribution policy".

VRADYNI: "Knives unsheathed in ruling PASOK - We promised one thing and are doing something else".

[03] Stocks rebound strongly

Most sectors moved higher with the exception of the Media sector which ended 0.78 pct lower. Banks (4.12 pct), Insurance (3.29 pct), Technology (3.06 pct) and Personal/Home Products (2.57 pct) scored the biggest percentage gains of the day.

The FTSE 20 index rose 3.23 pct, the FTSE 40 index ended 1.81 pct higher and the FTSE 80 index ended 1.73 pct up. Broadly, advancers led decliners by 163 to 38 with another 46 issues unchanged.

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