Germany set to balance federal budget by 2014 October 29, 2012 - 12:28 AMT PanARMENIAN.Net - Germany is set to balance its federal budget by 2014, Finance Minister Wolfgang Schaeuble said on Sunday, Oct 28, as Berlin urges other countries to slash deficits as a response to the eurozone debt crisis, AFP reports. In an opinion article for the Tagesspiegel am Sonntag, Schaeuble wrote: "Germany will already this year lower its deficit to below 0.5 per cent of GDP and from 2014 have a balanced budget again." "Reducing debt is one of the most important political tasks both in Germany and in many other countries. The German people are rightly demanding this with great force," the minister added.   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 Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
