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06/05/2006

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Backtrack on foreign agency link to tapping ADAE says further checks needed The watchdog investigating the tapping of government mobile phones said yesterday that it had not meant to give the impression that foreign intelligence agencies were involved in the process.

FRONT PAGE NEWS

Police brace for Athens rally following clashes

More than 8,000 police will be on duty in Athens today to oversee an anti-war rally organized...

Foot down on fake car thefts

More than 17,000 cars and motorcycles are reported stolen in Greece each year but several hundred of these incidents are cases of insurance fraud...

Pensioners in scare over HIV

The director of the Elpis hospital in central Athens said yesterday that an investigation had begun into whether two pensioners who had been treated at the hospital may have contracted HIV...

Biodiesel production takes off

A group of cereal farmers who began cultivating rapeseed two years ago to produce biodiesel fuel in a bid to boost their dwindling incomes...

Cleaner air could save thousands of lives

People in Athens and Thessaloniki would live a year longer and there would be some 5,000 fewer deaths annually if air pollution levels in those cities were lower, according to a study made public yesterday.

IN BRIEF

Cosmote says it is looking to buy a controlling stake in Germanos : Mobile operator Cosmote has begun talks to buy a controlling stake of some 34 percent...

Hope fading for Greek sailors lost at sea off South African coast : South African rescue workers said yesterday they were concerned about the fate of 27 sailors...

Greece wants seat on new council : Greece was gearing up its diplomatic efforts at the United Nations yesterday...

Political rule : Greeks are far more obsessed with domestic politics than the average European...

Arresting art : A 28-year-old man was arrested in Nea Smyrni yesterday in connection with the attempted theft of five paintings...

Thessaloniki pullout : The mayor of Thessaloniki, Vassilis Papageorgopoulos, said yesterday that he was withdrawing the city's candidacy...

Bank holdup : Two armed robbers burst into a branch of ATEbank in the Polichni suburb of Thessaloniki yesterday morning...

Corinth quake : An undersea earthquake measuring 4.6 on the Richter scale struck in the Gulf of Corinth...


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EU finance ministers...
EDITORIAL

Economy requires drastic measures The European Commission's spring report on the economies of the member states, due for release on Monday, will apparently forecast that Greece will bring the 2006 deficit under the targeted 3 percent threshold. The bad news is that the projected drop in the deficit is partly a result of one-off revenues. As a result, the European Union predicts that the deficit in next year's budget will climb to 3.6 percent.

COMMENTARY

Opposition for its own sake Globalization may have benefited the Greek economy with an influx of immigrant labor and cheap foreign products as well as new markets for our own exports, but it has also closed many industries and left hundreds, if not thousands, of people jobless. The textile, shoe-manufacturing and clothing industries in regions such as Macedonia and Epirus, where they were the main employers, are now facing closure.

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