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Athens News Agency: News in English, 09-12-11

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

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

CONTENTS

  • [01] Papandreou: Measures on the way
  • [02] Female naval officer latest H1N1 fatality
  • [03] Stocks rebound on Thurs.

    • [01] Papandreou: Measures on the way

    BRUSSELS (ANA-MPA) -- Greek Prime Minister George Papandreou on Friday reiterated that his government is determined to revamp the country's economic model, speaking at the end of an EU summit here and at the end of a tumultuous and painful week for the Greek economy.

    Papandreou said the country's soaring budget deficits and public debt is due to waste, corruption and a lack of transparency, long-standing deficiencies that allow widespread tax and social security contribution evasion.

    He also called for solidarity by Greece's EU partners during the coming period.

    [02] Female naval officer latest H1N1 fatality

    A 39-year-old female naval officer was the latest victim of the H1N1 flu in the country, as the ensign died on Friday at a naval hospital in Athens from severe pneumonia symptoms.

    As of Friday, military authorities reported 10 new flu instances in the air force and five in the army, all reported as mild instances.

    [03] Stocks rebound on Thurs.

    Stocks ended a two-day rally at the Athens Stock Exchange on a negative note on Friday, closing out a rollercoaster week for the bourse and the Greek economy, as the composite index of the market lost 2.41pct to end at 2,160.68 points. Turnover was a moderate 293.2 million euros, of which 22.1 million euros were block trades.

    Most sectors lost ground, with Banks (5.22 pct), Technology (5.20 pct), Technology (6.31 pct), Financial Services (4.24) and Raw Materials (3.57) posting the biggest percentage losses of the day.

    The FTSE 20 index declined by 3.47 pct, the FTSE 40 index recorded losses of 0.99 pct and the FTSE 80 index ended 1.61 pct lower. Broadly, decliners by advancers by 137 to 70 with another 42 issues unchanged.

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