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PM Papandreou Meets with ECB’s Former VP

Greek Prime Minister George Papandreou had a meeting with the former European Central Bank Vice President Loukas Papademos yesterday. Papademos chose to make no statements after the long running meeting. The Government’s spokesman George Petalotis underlined that the banker has held a powerful position in the European Central Bank for many years. He noted that he has extensive experience on economical issues as well and the meeting served as a briefing for both sides. Rumor has it that Papademos is being tapped for a seat on the cabinet. However there is no official information on the issue.
 
Georgios Papandreou is still most approved politician in Greece: poll

01 September 2010 | 16:36 | FOCUS News Agency
Home / Southeast Europe and Balkans


Athens. Georgios Papandreou is the most approved person for the post of a prime minister in Greece among all politicians, Macedonian Kirilica news website reports, citing an opinion poll carried out at the request of the Greek Mega television station.
44% of respondents say Papandreou is the most suitable person for prime minister. The New Democracy leader Antonis Samaras gets the approval of 24.1% of respondents. 30.4% support none. The number of people who approve of and oppose Papandreou’s policy is equal.
 
Borsa Atene: Ase chiude a +1% in linea con Europa


MILANO (MF-DJ)--L'indice Ase di Atene chiude la seduta in rialzo dell'1% a 1.571,12 punti con un volume di scambi aumentato a 110,4 mln euro, in linea con gli altri mercati europei.
"Sono stati i mercati internazionali a impattare positivamente sul sentiment della borsa, dato che non vi sono deterrenti ne' dati economici significativi", ha affermato un gestore senior del fondo locale.
Ppc sale del 3%, Alpha del 2,9%, Titan del 2,7%, Hellenic Telecoms dell'1,8% e National dell'1,4%. Opap invece cede il 4,1% ed Eurobank l'1,1%.
 
Gov't: Good intentions via actions, not words


(ANA-MPA) -- Greece will not back down from its territorial rights and expects Ankara to prove its good intentions with actions rather than just words, government spokesman George Petalotis stressed on Wednesday.

The spokesman was responding to statements concerning the results of a meeting on Tuesday in Ankara between Alternate Foreign Minister Dimitris Droutsas and Turkish Foreign Minister Ahmet Davutoglu on the sidelines of a basketball match between the Greek and Turkish national teams, as well as reports that Turkey intends to remove a "threat of war" in the event that Greece extends its territorial waters to 12 nautical miles, as it is entitled to under the International Law of the Sea.

"Mr. Droutsas and the government have a standing view that there is no concession and there will be no backing down from our national territorial rights and that Turkey must, beyond words, also proceed with actions to show that it means what it says," Petalotis said.

"We are neither intimidated nor terrified by statements of friendship, hostility or anything else. We are interested in the substance, which is the defence of our national rights," he added.
 
Per quello che vale, i CDS della Grecia scesi sotto quota 900. Siamo sempre su livelli molto alti, comunque è un segnale di un piccolo allentamento di tensione.
CMA | Market Data

Concordo.
Tra l'altro gli allargamenti (massivamente speculativi) su spread e Cds li abbiamo avuti in un clima di scambi ridotti ai minimi termini, con la BCE che ha quasi interrotto il programma di sostegno sul secondario.
 
Slovak Prime Minister Wants Default Rules

By Leos Rousek

Slovak Prime Minister Iveta Radicova Wednesday called for stronger regulation of euro-zone financial markets and for allowing indebted countries to default rather than throwing them new credit lifelines.
Earlier this year Slovakia, the newest and poorest of the 16-nation currency group, caused a stir around Europe when it refused to be part of a EUR110 billion bailout for Greece, agreed on in May by euro-zone member countries and the International Monetary Fund.
“I’m sure that our behavior isn’t only the signal but [reflects] an attitude [and] value system based on responsibility for further existence of the euro,” Radicova said in an interview with Dow Jones Newswires.


L'intervista:
http://blogs.wsj.com/new-europe/201...nister-wants-rules-on-defaults-for-euro-area/
 
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