Athens bourse to introduce new index
NEWS IN DETAIL
Gov't steadfast on farmers' blockade
The government said today that it would not budge from its position of not
giving in to farmers blockading the country's rail and road links.
"The government has exhausted all the margins of possibility in satisfying
the demands of farmers," acting government spokesman Yiannis Nikolaou told
reporters after a meeting chaired by Prime Minister Costas Simitis to
discuss the crippling 19-day nationwide blockade.
Reports that the government was reconsidering or discussing certain demands
only served to maintain the blockades, Nikolaou added.
"The position of the government is steadfast: it is clear and a given as it
is clear and a given the statement of the prime minister for dialogue
without blocks on the roads," Nikolaou said.
Earlier today farmers dismantled the roadblock on the Patras-Pyrgos
national highway junction at Gastouni, but continued to block the new and
old Athens-Patras national highways at Aigion, where the main bulk of the
local farmers are concentrated.
Nikolaou said the government had exhausted all margins of showing goodwill
and that the government was willing to enter talks with the farmers as long
as the blockades ended and the roads opened.
"The government is aware of the existing problems facing the farmers,
especially in the regions of Karditsa, Trikala and Farsala which suffered
from a freak storm recently," Nikolaou said.
But, he added, the government "considers the greatest problem to be the
future of Greek farming in general."
Stressing that dialogue would begin only after the roads opened, Nikolaou
lashed out against the main opposition New Democracy party and the
Communist Party of Greece.
Asked, he said he was holding the KKE entirely responsible for the crisis
and said there was complete lack of communication with KKE officials.
Concluding, Nikolaou said the government did not intend to remain inert but
ruled out the possibility of use of force to deal with the crisis.
Sources said that Wednesday was considered a crucial day, as it was hoped
Agriculture Minister Stephanos Tzoumakas would have some positive proposals
on his return from Brussels. Tzoumakas is expected to broach the issue of
EU support for Greek farmers whose crops had been damaged by adverse
weather, and also the prospect of production subsidies and cotton prices,
at today's meeting of EU farm ministers.
Government members expressed some optimism over the farmers' issue
yesterday, although the government would like a quicker de-escalation and
avoidance of a coincidence of farmers' and others' mobilisations, something
which will be difficult to avoid.
Mr. Simitis was briefed last night on developments concerning the farmers'
front by his close associates George Paschalidis and Theodoros Tsoukatos.
In Thessaloniki, meanwhile, road blocks remained in place at entry points
to the city, despite a gradual relaxation of protests by farmers in
Macedonia.
The road blocks had also left the prefecture of Rodopi without liquid gas
and many industries were facing a lack of raw materials or were unable to
export their products.
In the Peloponnese, the old and new national roads continued to be blocked
at Aigio, with subsequent tension between protesting farmers and enclaved
truck drivers.
Dissension in ND ranks over support for farmers
Former New Democracy prime minister George Rallis has differentiated his
position from that of incumbent leader Miltiades Evert on farmers'
blockades of national and provincial highways which have cut the country in
two.
"I do not agree with showing solidarity with every form of mobilisation.
The blockading of national highways is an unacceptable method," he said in
an interview with the Sunday "Eleftherotypia" newspaper, adding indirect
criticism of Mr. Evert for putti ng his party and personal interests before
the national one.
Former New Democracy national economy minister Stephanos Manos also
criticised the farmers' actions in an interview with the same newspaper,
calling on them to "withdraw by themselves", and criticising Mr. Evert's
statement last week that, "if the cost of their demands does not exceed 200
billion drachmas, they should be met".
Teachers, seamen begin strikes
Primary and nursery school teachers marched through downtown Athens this
morning at the start of their 48-hour strike to demand more spending on
education.
The teachers rallied outside the education ministry while representatives
met with Education Undersecretary Yiannos Anthopoulos, who pledged to
discuss the demands - which includes the setting of a 250,000 drachma
minimum monthly salary for new teachers - by the end of the week.
State secondary school teachers meanwhile are expected to participate in
tomorrow's scheduled 24-hour strike called by civil servant unions.
Greek ports were also closed today following a 48-hour strike called by the
Panhellenic Seamen's Federation (PNO) demanding that their tax privileges
not be abolished and other fringe benefits.
The stoppage, which will continue until 6:00 a.m. Wednesday, affects all
ferryboat lines, while Greek ships currently abroad will hold 48-hour
strikes as soon as they dock at the nearest port between December 16-
24.
The federation is also demanding improvements in the insurance and
employment sectors.
Simitis pleased at Dublin EU results
Prime Minister Costas Simitis was visibly pleased with the outcome of the
Dublin European Union summit on Saturday, saying that Greece had achieved
"progress and successes" in all its objectives.
What is positive for Greece, Mr. Simitis told a press conference, was the
summit's conclusions on relations between the Union and Turkey, which
reiterated the validity of the July 15 statement issued by EU foreign
ministers which from now on would constitute the basis of discussions.
Mr. Simitis stressed that it was accepted that serious issues exist in
relations between the EU and Turkey and mention is made of improving human
rights. He said the fact the conclusions referred to Turkey's role in the
Cyprus issue is important.
Following the ratification of the text, he said, French President Jacques
Chirac termed the document "very harsh" which prompted the Greek prime
minister to take the floor and say Greece believes that the document should
be completely different and referred to latest developments, such as the
crisis over the Imia islets and Turkey's attitude.
Diplomatic sources said the references to Turkey in the conclusions also
constituted an indirect political reply to a letter addressed by Turkish
Foreign Minister Tansu Ciller to Irish Foreign Minister Dick Spring last
week.
Another important development, Mr. Simitis continued, was the fact that the
Madrid timetable has been confirmed in relation to Cyprus' accession to the
EU.
ND welcomes 'first timid step in right direction'
The main opposition New Democracy party yesterday called on the European
Union to "understand that any further rapprochement between the EU and
Turkey depends on Turkey's showing tangible proof of sincere and full
respect of Greece and Cyprus' territorial integrity and sovereign rights as
well as international law in its entirety".
EU calls on Turkey to work on Cyprus Aegean and human rights issues
The European Union summit has accepted the foreign ministers' declaration
of July 15 as a basis for furthering relations between the EU and
Turkey.
According to the presidency conclusions, the 15 EU leaders invite the
presidency "to continue its efforts following the Council's declaration of
15 July 1996 to promote an acceptable solution to the situation in the
Aegean area in accordance with established international norms and to
pursue contacts with the Turkish Government with a view to an early (EU-
Turkey) Association Council".
The July 15 declaration inter alia calls on Turkey to refrain from using or
threatening the use of force and to have recourse to the International
Court at the Hague with regard to its territorial claims against Greece.
The conclusions also contain a call by EU leaders on Turkey to use all its
influence to contribute to finding a solution to the Cyprus problem in line
with UN Security Council resolutions.
Defence minister to attend NATO summit
National Defence Minister Akis Tsohatzopoulos left today for Brussels in
order to participate in the NATO Defence Ministers Conference focusing on
the Alliance's enlargement plans to the East and NATO's relations with
Russia.
Tsohatzopoulos said the issue of the NATO headquarters in Greece would not
be put forward for discussion since "it is not yet mature for consultations."
Asked to comment on Turkey's efforts to enter the Western European Union
"through the back door," Tsohatzopoulos said Turkey was an associate member
of the WEU and could not be treated the same as full members.
"If this is attempted," Tsohatzopoulos said, "I will reiterate the
positions I had put forward to the recent WEU Defence and Foreign Ministers
Summit in Belgium.
Tsohatzopoulos had noted the need for an institutional framework to draw
the line between the associate members and the ten members comprising the
basis of the Union in order to ensure that control regarding political
decision making is retained by the ten.
Ship runs aground
A Syrian-flag freighter ran aground at dawn today at Cape Aghia Marina on
Elafonissos Island off the southern coast of the Peloponnese, and its 11-
member crew was safe, Piraeus Harbour Authorities said.
They said the "Devon Livestock 2", was en route to Romania and was not
carrying cargo.
The crew -- 2 Egyptians, 4 Romanians and 8 Syrians - were picked up by the
nearby freighter "Peter Metz" and transferred to a Coast Guard vessel which
took them to shore.
A tugboat was trying to dislodge the "Devon Livestock 2", which had set
sail from Libya two days ago.
Athens bourse to introduce new index
The Athens Stock Exchange (ASE) will introduce a new index next year,
following an agreement signed between the ASE and FTSE International, it
was announced today.
The new real time index will be designed by FTSE and calculated by the ASE.
Called the FTSE-ASE index, it will be designed to create a basket of stock
representative of the performance of the ASE and suitable for supporting
derivative trading. The index will seek to caputre approximately 60-70 per
cent of the available market capitalisation of the market and will consist
of approximately 20-25 companies.
FTSE International is a private limited company owned jointly by the
Financial Times Ltd. and London Stock Exchange, set up in 1995 to manage
and develop the owners' stock and bond index products.
WEATHER
Light clouds with spells of sunshine in most parts of Greece and the
islands. Light rainfalls in the southern and the western regions with light
to moderate northernly winds. Athens will be sunny with temperatures
ranging from 9-16C. Partly cloudy to sunny in Thessaloniki with temperatures
between 6-13C.
SPORTS
Weekend results of Greek First Division soccer Championship after 12
matches:
OFI - Panahaiki 2 - 1
Kastoria - Edessa 1 - 1
Kalamata - Apollon 2 - 2
PAOK - Pyrgos 1 - 1
Ionikos - Xanthi 3 - 0
Panathinaikos - AEK 2 - 0
Veria - Olympiakos, Heraklis - Athinaikos and Kavala - Aris matches to be
played today.
Standings:
Olympiakos 29 points, OFI, Panathinaikos 26, AEK 23, Pyrgos 21, Panahaiki
19, Kalamata 17, Veria, Kavala 16, PAOK, Ionikos 15, Xanthi 13, Apollon 11,
Aris, Edessa 10, Athinaikos 8, Kastoria 6, Heraklis 5.
FOREIGN EXCHANGE
(Closing rates - Friday - buying) U.S. dlr 241.919, Can. dlr.177.766,
Australian dlr. 191.709, Pound sterling 400.530, Irish punt 401.264, Cyprus
pd 517.903, French franc 46.400, Swiss franc 184.428, Belgian franc 7.606,
German mark 156.786, Finnish mark 52.388, Dutch guilder 139.768, Danish Kr.
40.946, Swedish Kr. 35.504, Norwegian Kr. 37.381, Austrian Sh. 22.287,
Italian lira (100) 15.853, Yen (100) 214.113, Spanish Peseta 1.862,
Portuguese Escudo 1.551.
(M.P.)