Athens Macedonian News Agency: News in English, 16-11-09

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

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

CONTENTS

[01] Tsipras urges creditors to recognize Greek efforts to reform, offer debt relief

[02] HFSF says may call extraordinary shareholders meeting on NBG chairman

[01] Tsipras urges creditors to recognize Greek efforts to reform, offer debt relief

"After six years of deep crisis, the Greek economy is finally in the phase of recovery," he told attendants, noting that 2016 is emerging of the year of economic stabilization which has to be preserved by clarifying the strategy behind the management of Greek debt.

"It is now time to recognize our efforts through the adoption of necessary measures for debt relief," he said, adding that with the conclusion of the second program review and the definition of the short-term relief measures expected in December, Greece aims to start the New Year by specifying the medium- and long-term measures.

"The economic horizon for Greece, the access to money markets, must become clear and the access must be opened […] because our economy, the markets and Eurozone itself need it," he said. "Especially in a volatile international conjuncture, we all now realize that there is no longer any reason to perpetuate the Greek issue. Especially when Greece constitutes the last stronghold of stability in a wider destabilized region."

Tsipras said this is the reason why the latest developments in Europe and the world must not lead to fatalism but to action and turn the crisis turns into an opportunity, and cited Brexit as an investment opportunity for the shipping industry.

Commenting on the shipping sector, he said the government will continue to promote the interests of Greek shipping community in international organizations and improve economic policies.

"The challenges for the future are great. However the State will continue to be a supporter and fellow traveler in storms and lulls. It will continue to defend the interests of Greek shipping in international organizations and improve policies in the interest of the Greek economy and by extension Greek society," he concluded.

[02] HFSF says may call extraordinary shareholders meeting on NBG chairman

In its press release, HFSF says its representative at the bank's board meeting voted against Thomopoulos in today's selection, an action that it says is consistent with the previous decision of the HFSF's General Council.

"HFSF […] is considering calling an extraordinary General Meeting taking into account that the smooth cooperation between the bank's board of Directors and the main shareholder is essential," the fund said.

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