Athens News Agency: Daily News Bulletin in English, 97-11-12
From: The Greek Press & Information Office, Ottawa Canada <grnewsca@sympatico.ca>
ATHENS NEWS AGENCY BULLETIN (No 1338), November 12, 1997
Greek Press & Information Office
Ottawa, Canada
E-Mail Address: grnewsca@sympatico.ca
CONTENTS
[01] Holbrooke cites 'incompatible differences' on Cyprus question
[02] Ankara talks
[03] EU issues, Cyprus and Turkey dominate Pangalos' talks in Spain
[04] Greek, Turkish local Gov't resumes in Kusadasi
[05] Burns sworn in as new US ambassador to Greece
[06] Greece wants US military helicopters - Pentagon
[07] Greek, US foreign ministry officials meet
[08] Kaklamanis continues official contacts in Germany
[09] Mantelis talks with EU Commissioners Bangemann, Van Miert
[10] Tsohatzopoulos ends official visit to Hungary
[11] Romeos condemns police excesses but says isolated incident
[12] ... Reppas
[13] Gov't, top ND cadres oppose restoration of capital punishment
[14] ... KKE
[15] PM asks for PASOK unity during budget debate, vote
[16] Papantoniou to reveal all about the budget today
[17] Meeting on business finance held in Thessaloniki
[18] Simitis confers with ministers on EU summit, budget
[19] Greek stocks plunge to seven-month low on talk of rate hike
[20] Greek central bank seen lowering interest rates Weds
[21] Greece accuses unnamed speculators of sabotaging the drachma
[22] Greek competition watchdog endorses insurance buyout
[23] Greece says EU enlargement conference unnecessary
[24] Greeks place latest orders for high-speed car ferries
[25] Greek central bank to offer liquidity through swaps
[26] Union federation chief sees progress on social insurance
[27] Greek industrial output again shows recovery
[28] Greek shipping currency inflows up 0.9 pct in July
[29] State hospital physicians say they'll continue mobilizations
[30] PASOK-Synaspismos meeting attempts to bridge differences
[01] Holbrooke cites 'incompatible differences' on Cyprus question
Nicosia, 12/11/1997 (ANA/CNA)
US special presidential envoy for Cyprus Richard Holbrooke said
yesterday that issues causing friction between Greece and Turkey
cannot be dealt with unless the "core issue" (Cyprus question)
is dealt with.
He acknowledged that public views of the Greek and Turkish
Cypriot sides on a couple of issues are "incompatible", their
disagreements "are very profound", and urged both community
leaders to refocus their attention on the future and not on the
past, thus remaining hostages of the past.
Mr. Holbrooke reiterated the US administration's resolve to
work towards a settlement in Cyprus and said the ongoing peace
effort will be continued "in a less visible level".
The US diplomat said Washington contributed to certain "tragic
events" in the region in the 1960s and the 1970s, saying "we
bear certain responsibility."
Speaking after four hours of talks with Cyprus President
Glafcos Clerides and Turkish Cypriot leader Rauf Denktash, the
US presidential emissary said he had "no expectations" from his
discussions in Cyprus.
"We have to keep talking to create opportunities, the
conversation was candid and confidential and was conducted in a
very positive atmosphere. This is in my mind a positive fact,"
he said.
Yesterday's discussions, he added, showed a "willingness to try
to address the problems of the future."
"I know I am talking in what may sound like riddles but I am
hopeful," he said.
Mr. Holbrooke noted that he did not ask the two leaders for a
commitment to continue some kind of dialogue until March next
year.
"The two men are fully accessible to the US government and they
are tenacious and articulate defenders of their points of view,"
he added. Replying to questions, Mr. Holbrooke said "on their
publicly stated positions, the two sides have incompatible
positions on two or three central issues, such as sovereignty,
and they have a legacy of mistrust."
He expressed regret that when he tries to steer discussions
about the future, "people here talk about the past... We cannot
be imprisoned by the past or disputed history," he added.
The differences between the two "are very profound and they
range from very small details like the content of documents to
very basic issues like how to deal with the right of refugees to
return."
Defining his task in the peace effort, Mr. Holbrooke said the
US believes this region is "critical to stability for the US
national security and the Europeans."
"We believe that stability is an essential goal in the post
cold war period and in my view the other issues between Greece
and Turkey cannot be dealt with unless Cyprus is dealt with
centrally, it is the core issue," Mr. Holbrooke stressed.
Referring to US involvement in this part of the world, he said
"the American history is not entirely clean, there are some
things previous American administrations did in this area,
particularly between mid-1960s and 1974, which I think were
shameful."
Cyprus gained independence from Britain in 1960. Three years
later clashes between the Greek and Turkish Cypriot communities
broke out, while Turkish troops invaded and occupied 37 per cent
of Cyprus territory in 1974.
"We bear certain responsibility for our role in contributing to
certain events here which were tragic," he added.
He said he would consult with US ambassadors in Nicosia, Ankara
and Athens as well as the US president and his secretary of
state before deciding on his next steps.
Replying to questions, he said US ambassador Kenneth Brill will
continue the dialogue on a "less visible level on a regular
basis".
[02] Ankara talks
Ankara, 12/11/1997 (ANA - A. Abatzis)
After flying to the Turkish capital from his talks on Cyprus
yesterday afternoon, Mr. Holbrooke said he was not going to make
statements regarding the contents of talks on the island
republic.
He made the remark after the end of a meeting with Turkish
Foreign Minister Ismail Cem in Ankara, adding that there was an
agreement by all parties involved in the Cyprus talks to avoid
statements.
Mr. Holbrooke was also scheduled to meet with Turkish Deputy
Prime Minister Bulent Ecevit before meeting later yesterday
evening with Turkish Premier Mesut Yilmaz.
[03] EU issues, Cyprus and Turkey dominate Pangalos' talks in Spain
Madrid, 12/11/1997 (ANA)
Foreign Minister Theodoros Pangalos and his Spanish counterpart
Abel Matutes ascertained a coincidence of views on European
issues at a joint press conference here yesterday, underlining
the excellent political relations that exist between Athens and
Madrid.
The press conference came during the first day of Mr. Pangalos'
official visit to Spain.
The two ministers also discussed Greek national issues which,
together with the accession of Cyprus to the European Union,
constituted one of the main topics of discussion. Speaking to
reporters after their meeting, the ministers announced that they
handled the issue of an upcoming visit by Spanish King Juan
Carlos and Queen Sophia to Greece, while Mr. Pangalos also
announced that he conveyed an invitation from Prime Minister
Costas Simitis to his Spanish counterpart Jose-Maria Aznar to
visit Greece.
Mr. Matutes said the two countries expressed their desire to
increase Greek-Spanish exchanges and common investments, while
Mr. Pangalos announced meetings between business circles from
the two countries and a future agreement on the avoidance of
double taxation.
On the question of processes for promoting relations between
the European Union and Turkey, according to reports in the
Spanish press yesterday, an initiative exists to invite Ankara
to the Continuous European Conference and postponement of the
Accession Council in 15 days in exchange for certain concessions
in the agricultural and customs sectors, Mr. Matutes said that
"there was nothing else than guesswork."
"...In every case, Spain will study every proposal which will
be presented and will defend, as it has always done, our legal
interests. I repeat once again that it is a question of
guesswork and suppositions which, in no case, constitute a
threat for our agricultural products," he said.
On his part, Mr. Pangalos said "there is a relationship with
Turkey, there is a customs union. I think that we must complete
this structure. There is a discussion with Turkey, certain
conditions have been set by the EU on April 29. We will see the
Turkish minister in 15 days in Brussels and we will discuss it
again. Now, on the question of agricultural policy, I must tell
you that we in Athens have made an estimation: If Turkey enters
the EU tomorrow, this means an increase in agricultural
expenditures by 80 per cent. And this is so because Turkey has a
colossal agricultural production which it does not consume
because it has 60 million inhabitants. In addition, it has huge
modernization problems. Therefore, we cannot request from
countries which are E U member-states... to pay this bill and in
any case, not Mediterranean countries."
Mr. Pangalos further said "we are always hoping for a just and
viable solution to the Cyprus issue. The accession of Cyprus to
the EU will resolve many of the problems which at present are
the object of disagreement. It will provide guarantees of
stability and security for all the inhabitants of Cyprus, both
the Greeks and the Turks."
[04] Greek, Turkish local Gov't resumes in Kusadasi
Athens, 12/11/1997 (ANA)
The second phase of the Greek-Turkish local government meeting
is to begin in Kusadasi, on Turkey's Asia Minor coast, this
coming Friday with the participation of local government
representatives from the Greek islands and the Turkish coast.
The subject of this week's meeting is "Aegean-Clean Seas" and
is a continuation of a three-day meeting on the same issue held
in Mytilene last month.
According to informed sources, the opening will be attended by
Turkey's environment and shipping ministers.
[05] Burns sworn in as new US ambassador to Greece
Washington, 12/11/1997 (ANA - T. Ellis)
The new US Ambassador to Greece Nicholas Burns was sworn in at
a ceremony at the State Department on Monday night.
Mr. Burns, who arrives in Athens early December, said his main
goals in his new post would be the continuation of close
military co-operation between the US and Greece, promoting the
resolution of Greek-Turkish differences in the Aegean and a
resolution of the Cyprus issue as well as co-operation in
fighting terrorism.
He said Washington supported Greece's policy in the Balkans and
considers the Simitis government's economic policy to be moving
in the right direction.
The 41-year-old diplomat referred at length to the "blood ties"
between Greeks and Americans and expressed his intention to
maintain contact with the Greek-American community.
US Secretary of State Madeleine Albright, referring to Mr.
Burns as a very good friend and associate, added:
"Athens is a post where we send our very best diplomats and
Nicholas Burns is one of the best we have."
Present at the ceremony, apart from Ms Albright, were State
Department official James Rubin, Greece's Ambassador in
Washington Lucas Tsilas, and the ambassadors of Cyprus, Turkey
and the Former Yugoslav Republic of Macedonia.
[06] Greece wants US military helicopters - Pentagon
Washington, 12/11/1997 (Reuters/ANA)
The US Defense Department said on Monday that Greece wanted to
buy seven CH-47D military transport helicopters built by Boeing
Co. for an estimated $376 million.
The package, if approved by Congress, would also include 28
M-60 machine guns, eight M-2 machine guns, ammunition, three
spare engines and other support equipment, the Pentagon said.
It said the transport helicopters "will provide the Greek armed
forces with an improved capability to transport personnel and
cargo for both military and humanitarian assistance purposes."
But in apparent reference to long military and political
tension between NATO allies Greece and Turkey, the Pentagon
stressed that the equipment would be provided to Greece "in
accordance with and subject to the limitations on use and
transfer of the Arms Export Control Act."
The Pentagon also said that Greece was seeking to buy 30 Army
tactical missiles and launch equipment for $31 million.
And it announced separately that Turkey was seeking to buy four
military "Firefinder" radar sets to help Turkish forces
accurately and quickly respond to artillery fire.
All of the sales are considered routine defense items, but the
Pentagon said the radar sets would also go to Turkey under
limitations of the arms export act.
[07] Greek, US foreign ministry officials meet
Washington, 12/11/1997 (ANA - T. Ellis)
Representatives of the Greek foreign ministry and the US State
Department, Costas Bikas and James Rubin, respectively, held
40-minute talks here on Monday at Athens' initiative.
Talks focused on relations between Athens and Washington as
well as the role played by Greece in the southeastern
Mediterranean and the Balkans.
Mr. Bikas presented his US counterpart, who assumed the post of
State Department spokesman three months ago, with the priorities
of Greek foreign policy, placing emphasis on the possibilities
offered by Greece's economic potential in the region.
According to diplomatic sources, development of a corridor of
communication between the two foreign ministries will contribute
to the prevention of unexpected events which create tension in
relations between the two countries - as was the case recently
with the reactions caused by Mr. Rubin's statements regarding
the harassment of a military transport plane carrying Greek
Defense Minister Akis Tsohatzopoulos to and from Cyprus by
Turkish fighters.
[08] Kaklamanis continues official contacts in Germany
Stuttgart, 12/11/1997 (ANA)
Parliament President Apostolos Kaklamanis, who continued his
five-day official visit to Germany, arrived in Stuttgart from
Munich yesterday afternoon.
After contacts here with the president of the local government,
Mr. Kaklamanis told reporters that the response of German
officials was very positive.
Referring to Greece's initiatives for rapprochement between the
southeast European countries and the solution of existing
bilateral problems, Mr. Kaklamanis told German officials that
the European Union should also actively express interest on
those issues, before it was too late.
[09] Mantelis talks with EU Commissioners Bangemann, Van Miert
Brussels, 12/11/1997 (ANA - P. Pantelis)
Transport and Communications Minister Tassos Mantelis had
separate meetings here yesterday with European Union
Commissioners Martin Bangemann and Karel Van Miert regarding
co-operation between Athens and the Union in resolving pending
Greek issues.
As the Commission is taking legal action against Greece for
delaying deregulation of the telecommunications market, Mr.
Mantelis said that he did not make any efforts to avert the
recourse.
He stressed that within the deadlines provided for by the
recourse process, Greece would have managed to arrange the
pending telecoms issue.
The Greek minister, however, admitted that his discussion with
Commissioner Van Miert also touched on several sensitive issues,
such as linking mobile telephony in Greece with international
networks without intervention of Greece's national network.
Commissioner Bangemann told Mr. Mantelis that he was planning
to visit Athens in May and he hoped that by then, many of the
pending issues will have been settled.
[10] Tsohatzopoulos ends official visit to Hungary
Budapest, 12/11/1997 (ANA - C. Giannarakos)
National Defense Minister Akis Tsohatzopoulos wound up his
official two-day visit here yesterday, saying acceptance and
respect for international law and treaties was a required
precondition to safeguard security, stability as well as
co-operation in eastern Europe.
Mr. Tsohatzopoulos further stressed that the same preconditions
applied also for the case of Turkey, as far as upgrading its
relations with Europe was concerned.
The Greek minister described as a very positive coincidence the
fact that his visit to Budapest was made at a time when Hungary
was requesting NATO membership, and also preparing to seek an
equal place into the European Union.
In the sector of security and defense, Greece and Hungary
decided to exchange expertise - at military and technical levels
- on the armaments sector.
[11] Romeos condemns police excesses but says isolated incident
Athens, 12/11/1997 (ANA)
Public Order Minister George Romeos yesterday condemned a 1993
pro-junta 'fiesta' by some Thessaloniki police officers recently
brought to light during which a prisoner was manhandled, but
called it an isolated incident that gave no cause for concern.
He has also instructed Deputy Police Chief Demetris Mitropoulos
to investigate claims that riot squad officers in Thessaloniki
had links with extreme right-wing organizations and were
therefore willfully lax in preventing violent demonstrations
that mar red a seminar between Greek and Turkish businessmen in
the northern Greek capital. Ruling PASOK party MP Paraskevas
Paraskevopoulos claimed in Parliament that the riot squad
officers instructed their men not to hinder or arrest any of the
demonstrators during a seminar between Greek and Turkish
businessmen in the northern Greek capital on October 30.
Mr. Paraskevopoulos also tabled in Parliament a videotape in
which police officers who now hold senior positions were holding
a pro-junta 'fiesta' in 1993 during which an illegal immigrant
was manhandled.
The videotape showed a picnic in April 1993 during which police
officers -- who allegedly included the present head of
Thessaloniki's police operations, Col. Spyros Koutramanis and
current senior Thessaloniki riot squad (MAT) officers George
Anastassiadis and Nikos Kelidis -- singing and dancing to songs
celebrating the 1967-74 colonels' junta, firing guns in the air,
wearing junta insignia and manhandling a prisoner, dressed only
in underpants and most likely an illegal immigrant, by rolling
him in mud .
Mr. Romeos said that the 1993 incident had been related to
links with extreme right-wing organizations, but was "isolated"
and did "not give rise to concern", adding that he would
"mercilessly crush any remnants of the dictatorship".
He said that new evidence had arisen, which was being
investigated by Mr. Mitropoulos, but added he could not make the
evidence public at this time.
Mr. Romeos also conceded that there had indeed been a problem
with the police's attitude during the demonstrations in
Thessaloniki at the business seminar.
[12] ... Reppas
Athens, 12/11/1997 (ANA)
The government had been looking into the matter well before the
press reports, government spokesman Demetris Reppas said later.
He said the government had used the intervening period to
cross-check evidence.
However, he made a distinction between police officers who were
carrying out orders and those who were acting alone.
In the latter case, he said the state would take all the
necessary action to deal with such phenomena.
Mr. Reppas added that any officers proved guilty of negligence
at last week's Greek-Turkish business meeting in Thessaloniki
would be punished.
[13] Gov't, top ND cadres oppose restoration of capital punishment
Athens, 12/11/1997 (ANA)
Justice Minister Evangelos Yiannopoulos yesterday came out
against a proposal to restore the death penalty for drug
traffickers, saying the move would be "unconstitutional and
undemocratic".
Mr. Yiannopoulos, speaking to the Parliament committee on
constitutional revision, added however, "when we say life
(sentence), we mean life."
Sixty-one deputies, six from ruling PASOK and 55 from the main
opposition New Democracy party, have tabled a petition in
Parliament seeking reinstatement of the death penalty for drug
dealers.
In a letter to the constitutional revision committee released
on Monday, the 61 parliamentarians cited a unanimous
recommendation for the reinstatement of capital punishment to
apply to narcotics traffickers, which was contained in a March
1992 report by an ad hoc inter-party parliamentary committee
focusing on the narcotics problem.
"Since then, there has been a rapid spread of narcotics, while
the drug dealers have grown increasingly insolent," the letter
stated.
Although capital punishment has not been abolished de jure in
Greece, the provision has not been applied for nearly 25 years.
The last execution took place in the early '70s, during the
colonels' junta, when Georgios Lymberis was put to death for the
murder of his wife and two children.
The 61 petitioners also said that "the unscrupulous drug
traffickers are decimating the youth, destroying the backbone of
the nation, debilitating thousands of families and corrupting
society with their abundance of dirty money".
As such, the MPs, headed by ND deputy George Sourlas, a former
health minister, urge that, in the constitutional revision, a
provision should be introduced under Article 7 allowing the
death penalty for drug traffickers.
A minimum of 50 signatures among the 300 MPs is required to
instigate a Parliamentary debate.
In addition, Mr. Yiannopoulos said the European Community had
agreed to abolish the death penalty in member-states in 1993.
On his part, Culture Minister Evangelos Venizelos, a former
justice minister and constitutional law expert, said he
understood the motivation behind the proposal and the great
public concern but that the abolition of the death penalty had
been legislate d on a national and international level through a
number of international agreements signed by Greece.
He added that the proposal created the impression
internationally that the drug problem in Greece was far more
acute than in other countries.
"What we need is systematic and persistent work (on the
problem) and not fleeting or sporadic acts," he said. His
comments were echoed by ND deputy and former main opposition
leader Miltiades Evert, who told the committee he opposed the
proposal but called on the justice minister to bring legislation
to Parliament that would impose life sentences on major drug
traffickers.
Athens, 12/11/1997 (ANA)
The Communist Party of Greece (KKE) expressed opposition
yesterday to the reinstatement of capital punishment, even in
the case of convicted drug traffickers.
"We are opposed to the reinstatement of capital punishment in
our country, even in the case of drug traffickers," a KKE
announcement stated.
The announcement said drug trafficking was concealed in a
network of powerful interests.
[15] PM asks for PASOK unity during budget debate, vote
Athens, 12/11/1997 (ANA)
Prime Minister and PASOK president Costas Simitis asked the
ruling party's executive bureau yesterday for political unity
during the upcoming discussion and vote in Parliament for the
1998 state budget.
In connection to next year's local government elections and
yesterday's meeting between PASOK Secretary Costas Skandalidis
and Coalition of the Left and Progress (Synaspismos) leader
Nikos Constantopoulos, the premier requested low tones and
cool-headedness. He added that a "warlike" atmosphere is
unnecessary.
On his part, Mr. Skandalidis briefed executive bureau members
on his contacts with Mr. Constantopoulos. According to reports,
he said he faced "an impenetrable wall" on the part of
Synaspismos' leadership, although he reportedly said the
prospect of a PASOK-Synaspismos co-operation isn't lost.
[16] Papantoniou to reveal all about the budget today
Athens, 12/11/1997 (ANA)
National Economy and Finance Minister Yiannos Papantoniou
yesterday counseled "patience" until today when the 1998 budget
will be tabled in Parliament for ratification.
Mr. Papantoniou was speaking to reporters after a three-hour
inner cabinet meeting to discuss the final changes to the budget.
He will officially present the details of financial planning
for 1998 at a news conference at the State Accounting Office.
Cabinet will convene this morning to give its stamp of approval
to the budget, which is believed to have gone through
last-minute changes following the recent monetary crisis.
[17] Meeting on business finance held in Thessaloniki
Athens, 12/11/1997 (ANA)
A meeting regarding possibilities for financing Greek companies
in developing countries was held last night in Thessaloniki,
jointly organized by Commercial Bank, UNIDO and the Association
of Industries of Northern Greece.
Discussion centered especially on funding prospects by
international institutions to companies wishing to invest in
regions considered as of "high business risk".
The meeting heard that international banks and organizations
require submission of comprehensive studies before approving
financing.
Commercial Bank officials said the bank had both the resources
and tools and was willing to finance ventures in high risk
regions.
[18] Simitis confers with ministers on EU summit, budget
Athens, 12/11/1997 (ANA)
Prime Minister Costas Simitis held two crucial meetings with
ministers yesterday to discuss the budget to be tabled tonight
and the upcoming European Union summit in Luxembourg.
According to informed sources, the government decided to raise
the following issues at the EU summit - the securing of
resources for employment from the European Investment Bank, to
hold regular meetings of the "jumbo ECOFIN" (economy-finance and
labor ministers), setting specific goals for reducing
unemployment, special measures for unemployed youth and to
promote social dialogue in all member states on specific changes
to the labor market based on each country's particular
characteristics.
The meeting was attended by Economy Minister Yannos
Papantoniou, Labor Minister Miltiades Papaioannou, Labor
Under-secretary Christos Protopappas, Alternate Foreign Minister
George Papandreou, Eurodeputy George Katiforis and the prime
minister's economic adviser Tasos Yannitsis.
At another meeting immediately afterwards, measures included in
the budget related to social security were reportedly discussed,
including a job-funding program for unemployed youth and the
extension of privileges offered by the Labor Center and Workers'
Housing Organization to the unemployed.
This second meeting was attended by Mr. Papantoniou, Mr.
Papaioannou, Mr. Protopapas and Mr. Farmakis, along with Health
Minister Costas Geitonas and the prime minister's advisers.
[19] Greek stocks plunge to seven-month low on talk of rate hike
Athens, 12/11/1997 (ANA)
Greek equities remained on a free fall ending at their lowest
levels in seven months at yesterday's session.
Traders said the market looked vulnerable ahead of presentation
of the 1998 budget by the end of the month with sentiment
bearish because of rumors that commercial banks planned to raise
interest rates. The general index plunged 5.85 percent to close
at 1,377.76 points showing a 416.38 point loss from the year's
peak of 1,794.14 on October 8.
Analysts said that the index was finding its next technical
support level at 1,270-1,300 points.
Trading was heavy with turnover at 28.8 billion drachmas.
Banks once more came under heavy pressure reflecting market
worries over the profitability of the sector following recent
financial turmoil.
Sector indices ended sharply lower; Banks plunged 6.54 percent,
Insurance eased 3.15 percent, Leasing dropped 4.56 percent,
Investment ended 6.16 percent down, Construction eased 6.28
percent, Industrials fell 4.49 percent, Miscellaneous ended 5.21
per cent off and Holding lost 6.40 percent.
The parallel market index for small cap companies ended 5.09
percent lower.
Broadly, decliners led advancers by 220 to 9 with another 7
issues unchanged.
Nematemboriki, Doudos, Etma, Warehouse and Halyps Cement scored
the biggest percentage gains, while National Bank of Greece,
Ionian Bank, Atemke, Titan Cement and Vis suffered the heaviest
losses.
National Bank of Greece ended at 25,070 drachmas, Ergobank at
14,180, Alpha Credit Bank at 15,905, Delta Dairy at 3,590, Titan
Cement at 12,730, Intracom at 11,395 and Hellenic
Telecommunications Organization at 5,300.
[20] Greek central bank seen lowering interest rates Weds
Athens, 12/11/1997 (ANA)
The Bank of Greece is likely to cut interest rates today after
pressure on the drachma eased, monetary sources said.
Inflows of roughly 120 million dollars were reported at the
central bank's daily fix yesterday with interbank rates ranging
from 17-60 percent, still unnaturally high following a wave of
speculative attacks on the drachma. At yesterday's central bank
fix the drachma gained 0.66 percent on the dollar to finish at
268.03, and rose 0.07 percent against the mark to close at
156.03. The national currency lost 0.05 percent against the ECU,
to end at 310.10 drachmas.
[21] Greece accuses unnamed speculators of sabotaging the drachma
Athens, 12/11/1997 (ANA)
Greece yesterday accused speculators of deliberately launching
attacks on the drachma and pledged to maintain its defense of
the national currency.
Government spokesman Demetris Reppas claimed the attacks were
either planned ahead of time or instigated by market players he
did not name.
Greece's central bank has propped up the drachma largely by
keeping interbank rates high to deter trade and intervening in
the foreign currency market. Mr. Reppas, who made the statements
in reply to questions, said defense of the drachma would result
in losses for speculators.
[22] Greek competition watchdog endorses insurance buyout
Athens, 12/11/1997 (ANA)
Greece yesterday approved a friendly takeover by insurer
Allianz of rival Helvetia, saying the move would leave
competition in the growing insurance market intact.
According to the state's competition watchdog, the new company
will hold 3.8 percent of life insurance, three percent of
general insurance, and 1.4 percent of reinsurance.
[23] Greece says EU enlargement conference unnecessary
Athens, 12/11/1997 (ANA)
Prime Minister Costas Simitis will tell the European Union's
next summit that a proposed conference on enlargement is
unnecessary, the government spokesman said yesterday.
Greece still maintains that pre-accession negotiations for all
11 candidate countries to the EU, including Cyprus, should start
at once, spokesman Demetris Reppas said.
Mr. Reppas indirectly criticized France, saying its proposal
for a conference would encourage participation by Turkey, a
state which failed to meet entry conditions set by the European
Union.
But Greece did not intend to put obstacles in the way of
Turkey's move towards Europe, Mr. Reppas said.
[24] Greeks place latest orders for high-speed car ferries
Athens, 12/11/1997 (ANA)
Twenty-seven large high-speed car ferries are currently under
construction worldwide with twenty-four being built according to
DNV classification standards.
DNV is the leading classification society on high speed vessels
with 30 years of experience.
On the world market DNV has 70 percent of passenger craft and
90 percent of high speed car ferries.
The latest orders were placed by Greek owners.
Goutos Lines has ordered a 45m Tricat for 375 passengers at
Cowes Ship Yard in the UK. Strintzis Lines has ordered a 40m
catamaran at Baatservice Verft, Mandal, Norway.
The new types of high speed craft will bring changes to sea
transport. Technical and operational safety is ensured by the
IMO code of safety and DNV total safety class rules.
[25] Greek central bank to offer liquidity through swaps
Athens, 12/11/1997 (ANA)
The Bank of Greece is shortly to employ swap deals in order to
provide liquidity to Greek and foreign banks in a move to cut
the cost of bond transactions.
Swap deals will also make it easier for the central bank to
support the Greek currency, analysts said.
Central bank officials repeated that the bank would maintain a
cautious monetary policy, its most powerful weapon in the battle
against speculative attacks on the drachma.
[26] Union federation chief sees progress on social insurance
Athens, 12/11/1997 (ANA)
General Confederation of Workers of Greece (GSEE) president
Christos Polyzogopoulos yesterday expressed satisfaction with
answers given on Monday by Labor and Social Security Minister
Miltiades Papaioannou on reforming social insurance.
The GSEE leader said that injustices created by law 2084 were
being redressed. More general amendments to the social insurance
system would be finalized through a social dialogue being held
by government, unions and employees.
Among changes he cited were abolition of a link between age and
the minimum 10,500 insurance stamps needed to gain eligibility
for a pension.
The previous system of retirement at 58 is to be reinstated
with the possibility of early retirement on a reduced pension at
56.
Mr. Papaioannou said changes to the state Social Insurance
Foundation (IKA) would result in reinstatement of the former
system.
[27] Greek industrial output again shows recovery
Athens, 12/11/1997 (ANA)
Greek industrial output remained on a recovery trend in the
last three years in line with all other European Union
member-states, a survey said yesterday.
A survey on Greek industrial output by the Institute of
Economic and Industrial Research (IOBE) commissioned by the
Athens Chamber of Industry and Commerce said that production
recovered in Greece after a continuous four-year decline in
1990-1993.
Industrial production rose by 0.6 percent in 1994 followed by a
2.1 percent rise in 1995.
The average EU rate of increase was 5.3 percent.
[28] Greek shipping currency inflows up 0.9 pct in July
Athens, 12/11/1997 (ANA)
Inflows of Greek shipping foreign exchange rose by 0.9 percent
in July to total 201 million dollars.
Shipping income was 199.3 million dollars in the corresponding
month last year.
[29] State hospital physicians say they'll continue mobilizations
Athens, 12/11/1997 (ANA)
Physicians at state-run hospitals said yesterday that they
would continue a nationwide strike until salary demands are met
by the government.
Representatives of the Federation of Hospital Physicians of
Greece told a news conference yesterday that they had planned a
number of mobilizations for tomorrow, the day their new wage
scale is discussed in Parliament.
These include 24-hour strikes in Irakleio and Thessaloniki
today and skeleton crews at outpatient clinics of hospitals in
Athens and Piraeus up until Thursday.
Hospital doctors around the country will participate in a
national 24-hour strike tomorrow if a negative response from the
government follows, union representatives said. Doctors in
provincial hospitals began a five-day strike on Nov. 4 while
their colleagues in Athens and Piraeus began a series of rolling
work stoppages on the same day.
Meanwhile, workers at state hospitals also announced their
intention to hold a three-hour work stoppage beginning at midday
tomorrow.
Representatives said that only emergency cases would be treated
during the work stoppage.
Hospital employees are pressing for the appointment of another
3,900 staff workers to their sector, increased health spending
in the state budget and wage increases.
The health ministry later issued an announcement saying that
5,562 new jobs created in previous years had been filled in 1997
at hospitals and medical centers around the country.
In addition, the process for the creation of another 3,428
non-medical jobs had begun earlier in the year, while 562
medical posts had been created in the National Health System.
Another 456 temporary staff had been hired to cover immediate
needs, the government said.
Therefore, the announcement adds, not only had the health
ministry kept to its commitments but the new positions numbered
even more than those referred to by Health Minister Costas
Geitonas in his speech during the recent budget debate in
Parliament.
Of those 3,428 posts, 2,323 had already been created, while
another 1,045 were to follow within the month, the health
ministry announced.
[30] PASOK-Synaspismos meeting attempts to bridge differences
Athens, 12/11/1997 (ANA)
The ruling PASOK party and the Coalition of the Left and
Progress (Synaspismos) have different political approaches in
relation to co-operation between them in municipal and
prefectural elections.
Delegations of the two parties met at the Synaspismos' offices
yesterday, headed by Synaspismos leader Nikos Constantopoulos
and PASOK's Secretary Costas Skandalidis, and reached an
agreement on the shape with which co-operation will be achieved.
However, the two sides are in favor of continuing dialogue.
Mr. Constantopoulos said after the meeting that his party is
opposed to central agreements, package agreements, reached in
absentia of local organizations, adding that Synaspismos will
not make "on the other side, the mistake being made by the
leadership of PASOK and will not give the elections the
character of a negative referendum for government policy.
According to reports from Synaspismos cadres, PASOK's
delegation proposed central co-operation during yesterday's
meeting which will be based on co-operation in the three largest
municipalities, co-operation at regional level and co-operation
for the election of prefects.
The proposal was rejected by the Synaspismos' leadership, which
invoked decisions taken by the party's bodies for co-operation
at local level.
On his part, Mr. Skandalidis said he did not submit a proposal
on central co-operation and, explaining his party's position,
said "we went there and told them that there are the three big
cities, there are the prefectures, there are also other
municipalities, choose a level for us to talk, to discuss."
According to Mr. Skandalidis, it is self-evident that the local
forces of the two parties and the local societies will have a
decisive say on candidacies but, summing up the Synaspismos'
political position, said he met with refusal.
End of English language section.
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