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New OSCE PA President: Petros Efthymiou

Ruling PASOK party deputy Petros Efthymiou was elected as the new president of the Parliamentary Assembly of the Organisation for Security and Co-operation in Europe (OSCE), during the forum’s 19th annual session.
Efthymiou, who was a Vice-President in the Assembly, was elected with 130 votes, against 64 of Senator Consiglio Di Nino (Canada).
Participants at the 19th session discussed a wide range of issues, amongst which the situation in Kyrgyzstan, the Parliamentary Assembly’s involvement in the Corfu process, the peace process in the Middle East, nuclear security, cyber-crime.
(GREEK NEWS AGENDA)

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The “Economist” Conference

(GREEK NEWS AGENDA) A much timely “Economist” Conference was addressed yesterday by the country’s leadership and experts from the financial and business world.

Taking the floor, Finance Minister George Papaconstantinou availed himself of the opportunity to note that Greece’s fiscal problems are also an issue for the entire eurozone and marked that a spill-over effect will not leave other eurozone countries unaffected, especially those which are as vulnerable as Greece.
The remarks were reported one day before the European Commission announces its recommendations on the country’s stability programme , which is most likely to receive European approval.   

» “Deficit Fetishism is a Mistake”
Addressing the Conference (Discussion and Debate with Joseph Stiglitz on the World Economy 2010), Nobel Economics Laureate 2001, former Senior Vice President of the World Bank, and Professor at Columbia University Joseph Stiglitz, dismissed fears that Greece will go bankrupt, adding that, when struggling with recession, governments ought to be careful with their rectifying measures.
“Cutting deficits in the wrong way can be counterproductive.”
Kathimerini daily: Greek woes are a eurozone issue