Greece seeks to finalize €11.5bn in spending cuts August 20, 2012 - 15:00 AMT PanARMENIAN.Net - Greece's finance officials are seeking to finalize €11.5 billion in spending cuts necessary for it to continue receiving the international funding that is protecting it from bankruptcy. The Associated Press reports that Finance Minister Yannis Stournaras was meeting with his deputy ministers and Labor Minister Yannis Vroutsis Monday, August 20, to hammer out the measures ahead of a series of top-level meetings Prime Minister Antonis Samaras will have later in the week. Luxembourg Prime Minister Jean-Claude Juncker, who chairs the eurozone finance ministers' meetings, heads to Athens Wednesday for talks with Samaras. The Greek prime minister then holds talks with German Chancellor Angela Merkel and French President Francois Hollande in visits to Berlin and Paris Friday and Saturday.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Armenians stage more campaigns against territorial concessions to Azerbaijan  Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan.Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. |
