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01/11/2003

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TOP STORY
PM defends accounts In Parliament, Simitis testily counters ‘double entry’ charges Prime Minister Costas Simitis yesterday angrily rejected charges by an opposition party leader that the government was keeping «double entries» in its accounts, declaring that the claims were the product of ignorance and of his critic's reading «only right-wing newspapers.»

FRONT PAGE NEWS

Greece’s shot to revive the Games’ spirit

A leaked plan by Olympics organizing officials to shift the 2004 shot put contest from Athens to the birthplace of the ancient Games was officially confirmed by the government yesterday. Culture Minister Evangelos Venizelos - after Premier Costas Simitis, the Cabinet's top Olympics planner - said the initial idea, made public just 10 months before the Games are due to start, belonged to Athens 2004 Organizing Committee president Gianna Angelopoulos-Daskalaki.

Cyprus is Turks’ EU accession key

BRUSSELS (Reuters) - Turkey must push harder to help reunite the divided island of Cyprus if it is to have a serious chance of starting talks on joining the European Union, an EU Commission official said yesterday.

New plan to rein in hooligans

Football officials yesterday agreed to intensify punitive measures against soccer teams whose supporters misbehave during matches, following a string of violent incidents in recent championship encounters.

Firemen extinguish...

Firemen extinguish the last flames in a blazing intercity coach that caught fire yesterday evening...

Athens: Toxic hulk is not headed for Piraeus

Athens denied yesterday that a decommissioned French aircraft carrier full of toxic materials is to be brought to Greece to be broken up in a shipbreakers' yard near Piraeus.

IN BRIEF

Professors call off 7-week strike, want demands met by December 5 : University professors, who have been striking for nearly two months, yesterday decided to return to lectures until December 5...

Traffic disruptions along entire route tomorrow from 6.30 a.m. to 2.30 p.m : Traffic will be disrupted in Athens and along the marathon race route (from Marathon village to Athens) tomorrow...

Extension for submitted applications : Foreigners who have already submitted applications for renewal of their work or residence permits will have legal status...

Earthquakes : Two moderate struck Crete and the Gulf of Patras early yesterday but caused no injuries or damage...

Samos floods : The Samos fire service yesterday received dozens of calls from residents of Karlovasi...

N17 trial : The trial of 19 November 17 suspects will be suspended on Monday and Tuesday as Athens lawyers stage a 48-hour strike...

Statue stays : A second-century BC marble statue of the Doryphoros — an ancient copy of Polycleitus’ original — will remain...

Not running : Reports that Athens 2004 President Gianna Angelopoulos-Daskalaki is considering running for president “have been denied by Mrs Angelopoulos herself,”...

Forgery ring : A group of Greeks and Pakistanis have defrauded banks, businesses, citizens and the tax office of more than 3 million euros...


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A coast guard vessel...
EDITORIAL

Bruised credibility The parliamentary debate yesterday on the management of the fiscal economy once again demonstrated that the prime minister does not hesitate to distort reality even when the picture is crystal clear. It is understandable that it is never easy to tell the truth in a pre-election period, but he should have spared himself expressions that taint his political credibility. Attack is not always the best form of defense. To put it differently, one does not win credibility by denying facts.

COMMENTARY

The fiscal burden Greece's fiscal woes are not visible to the naked eye, nor do we seem to fully understand their far-reaching consequences. And though politicians turn a blind eye, the problem is a time-bomb lurking in the foundations of the State and the economy. In the early '90s, the country came under strong fiscal pressure and the State had to borrow to pay for wages and pensions. In January 1990, Prime Minister Xenophon Zolotas had to issue bonds on a 27 percent interest rate to meet current payments. That was a major shock and the elections that year were held under the shadow of a warning memo by Commission President Jacques Delors and a grim report by Angelos Angelopoulos on the Greek economy.

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