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STATEMENT OF THE AMERICAN HELLENIC CHAMBER OF COMMERCE ON THE DECISION FOR NEW GENERAL ELECTIONS

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PRESS RELEASE
Athens, 15 May 2012

The decision taken earlier today by the political leaders to lead Greece to new general elections constitutes a heavy blow to the economy and opens the way to catalytic and worrisome developments. It is unfortunate that at this difficult time the protection of partisan interest has been chosen to the detriment of the national interest and of the country’s future. With the state in a situation of absolute inactivity due to the prolonged political crisis and the recent elections, we are now led to new elections resulting in the continued prolongation of both political uncertainty and the inactivity of the machinery of government. We fear that, as a result of this situation, the country shall not be able to comply with its immediate internal as well external obligations without unforeseen consequences.

We make an appeal to the business community to react with levelheadedness, without hasty movements and with the poise required by the dramatic hours that our country is experiencing. The same appeal we address to the citizen, with the parallel observation that the exit of our country from the European family and from the Eurozone is not at all in its best interest. It is certain that the importance of such a perspective, and its disastrous consequences that would result in a serious economic regression as well as deep social unrest, has not been adequately stressed so far. It must be stressed now in the most emphatic way. We wish that we and our children may avoid facing such a painful reality. To the contrary, we should wish that, as a result of the new elections, the government to be elected guarantees the European orientation of the country and restores its deeply wounded credibility.

 

 

Europe in Figures - Eurostat Yearbook 2012

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A new comprehensive selection of the statistical data provided by the Eurostat has been released recently.  The Eurostat yearbook is available as a regularly updated electronic publication on the Eurostat website and it will be available also in PDF format shortly.
The 2012 Eurostat Yearbook contains 13 different chapters, covering topics as economy and finance, labour market, industry, trade and services or international trade. The Yearbook highlights the main issues in tables and graphs together with explanatory texts.

For more information, click here.

Last Updated ( Monday, 14 May 2012 08:04 )
 

Mobile roaming prices to be cut from 1 July

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A new deal has been negotiated by the European Parliament and the Council on the prices of mobile roaming services, including data services. The new rules will be adopted by the Council of Ministers in June and the proposal will enter into force on 1 July 2012. The implementation of cuts is projected until 2014 and will expire by 30 June 2016.
From 1 July 2012, customers will pay a maximum of 29 cents for the phone calls made and only 8 cents for the received ones. The ceiling of 70 cents per megabyte set for the data services should drop to 20 cents per megabyte until July 2014. The new rules will also enable customers to buy roaming services from an operator other than their national operator.

For more information, click here.

 

European Economic Forecast, Spring 2012

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Economic slowdown, growing energy prices and labour market stabilization – those are the key issues discussed in the European Economic Forecast, which has been released on 11 May by the European Commission. According to the European Commission, most Member States have entered or are moving into recession in 2011/2012.
Inside the euro area, the forecast predicts favourable grow in the German and the Irish economy. In Italy, Spain, Portugal and Greece, GDP growth is not expected until the end of 2012. Poland, Lithuania and Latvia are expected to grow significantly in 2012. Domestic demand is therefore expected to stay low, but a consolidated current – account balance is predicted thanks to dynamic global economy.

For more information, click here.

 

Communication on State Aid Modernisation

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The European Commission has come up with a new initiative which should contribute to a more comprehensive coordination of national economic policies concerning state aid. State aid control also has a strategic role because it helps Member States to improve the quality of their public spending and therefore to stabilize the whole internal market.
The proposal focuses on the identification of common principles for assessing the compatibility of aid within the internal market, on the revision and consolidation of State aid guidelines, Block Exemption Regulation. It also aims to clarify the notion of State aid and modernize the Procedural Regulation of the state aid.

For more information, click here.

 
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The Council has been established as a forum for debating and advocating improvements in economic policy. The Council is open to contributions from entities and individuals from all parts of society.