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08/05/2004

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TOP STORY
Greece, Turkey look to the future Karamanlis and Erdogan, in friendly talks, stress commitment to improvement in relations Prime ministers Costas Karamanlis and Recep Tayyip Erdogan met in Athens yesterday and confirmed the very good climate in relations between traditional rivals Greece and Turkey and their wish for a future of peaceful cooperation freed of the burdens of the past.

FRONT PAGE NEWS

No issue over Turk Cypriots

Karamanlis and Erdogan discussed the Cyprus issue in their talks, following the rejection of the UN's reunification plan...

Eurostat nearly doubles deficit

Following a partial revision of key economic data submitted by Greece, the European Union statistics service said yesterday that the budget deficit for 2003 was nearly twice as big as initially stated.

Roof may dance to IOC tune

As International Olympic Committee inspectors on Monday launch their last inspection of Greece's venues before the August Games, the largest question mark looming over Greece's frenzied preparations is expected to dissolve into a clear answer.

State leave with strings attached

Tens of thousands of civil servants who manage to secure holiday leave during the Olympics and Paralympics will have to leave contact phone numbers and addresses should their departments suddenly require their services, the government said yesterday.

Ankara revives project to build nuclear plant

ANKARA (AFP) - Turkish Energy Minister Himli Guler said yesterday his ministry was working on plans to build a nuclear power plant, an idea dropped by a previous government in 2000 after heavy criticism from environmentalists.

IN BRIEF

Teachers' protest, peace rally to cause problems in central Athens : A teachers' protest today and a peace marathon tomorrow are expected to cause traffic problems in Athens...

Store ordered to pay 1.5 mln euros for using logo similar to consumer group : A supermarket on Crete which used a similar logo...

Minister meets with Condoleezza Rice : Public Order Minister Giorgos Voulgarakis discussed security for the Olympic Games yesterday...

Roadworks : Athens-bound traffic on Mesogeion Avenue, between Delfon and Isminis streets in Aghia Paraskevi, will be disrupted...

Soccer final : A total of 2,500 police officers will be deployed as part of strict security measures to curb spectator violence...

Gas accident : A 35-year-old truckdriver and a 61-year-old attendant at a Thessaloniki gas station were yesterday both in critical condition...

Coffee break : A man and woman, both 23, received hospital treatment on Thursday after being struck on the head...

Police chief : The Public Order Ministry yesterday submitted draft legislation in Parliament...

ELA trial : An Athens court trying five suspected members of the Revolutionary Popular Struggle (ELA) terrorist group yesterday rejected an appeal...

Road rage : An intercity bus driver in Iraklion, who lost his cool with schoolchildren...


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Greece’s synchronized swimming...
EDITORIAL

Relations of trust The talks between Greek Prime Minister Costas Karamanlis and Turkish Prime Minister Recep Tayyip Erdogan confirmed a willingness on both sides of the Aegean Sea to continue with the process of rapprochement and transcend the stereotype competitive behavior. Both governments are familiar with the difficulties inherited from the past but appear determined to consolidate the climate of cooperation and find solutions where these are possible.

COMMENTARY

Threat of profiteering The Greek experience of the occasional skyrocketing of global oil prices has not been the best. The first oil crisis in 1973 plunged the Greek economy into a cycle of stagflation while the next one, in 1978, undermined its productive structure. It is not certain whether the soaring oil prices will turn into a crisis or whether this is a result of seasonal factors which are set to pass. International commentators are split on the issue. Some European analysts believe that oil prices will move above $40 a barrel and head up toward a peak of $50. More circumspect ones maintain that surging oil prices are a result of seasonal demand...

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