Greece given two more years of concessionsOctober 24, 2012 - 21:57 AMT PanARMENIAN.Net - After weeks of battling to struck a deal, it appears that eurozone leaders have finally agreed to delay Greece meeting government budget deficit targets an additional two years until 2016, according to Nasdaq.com. While market skeptics are still plentiful and optimists few, the intention is to bring the country's budget deficit down to 3% of GDP. An structural overhaul on the labor and energy sector is also thought to have been given extra time until targets are met, the German paper reported. However, at present, much still needs to be discussed. According to a Greece Senior FinMin official: "No deal about the changes in labor market is still in palce, Troika will tell to EWG that there's no deal between political leaders." On whether the next aid disbursement will come to Greece's shore in the days to come or there is still more tough negotiations with international creditors and the Troika, the paper suggests that it is almost a done deal that Greece will be shortly receiving the €31.5 billion, part of its next tranche of aid package. There is also unanswered questions, including who the payers will be so that Greece can comply with forthcoming debt paybacks, estimated at €15-€18 billion for 2013-2014. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |