Athens News Agency: News in English, 10-01-27

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

CONTENTS

[01] EU launches inquiry over farm payments in Greece

[02] Gov't dismisses asset sale claims

[01] EU launches inquiry over farm payments in Greece

The Commission expressed doubts over the compatibility of the financial support payments to Greek farmers, saying it doubted the extent of natural disasters in Greece during the period.

Meanwhile, Bulgarian and Romanian experts arrived on Wednesday in Brussels to brief Community services over damages suffered to their commodities because of road blocks raised by Greek farmers on the country's northern frontiers.

[02] Gov't dismisses asset sale claims

A finance ministry announcement also dismissed reports that the ministry has authorised an investment bank to negotiate such agreements on behalf of the Greek government.

The announcement also stressed that the smooth servicing of the countryâs public debt was a top priority of the government and that the framework of a government borrowing programme included a geographical diversification of funding sources.

Finance Minister George Papaconstantinou recently visited London to meet with international institutional investors, while similar meetings are scheduled in Athens and during his visit to the United States and Asia.

The announcement stressed that a successful sale of a five-year syndicated bond loan in Jan. 25, was proof of demand for Greek bonds in international markets and stressed that a successful implementation of a stability and growth programme by the government would lead to better borrowing terms.

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