German finance minister calls for Greece debt deal support November 30, 2012 - 14:06 AMT PanARMENIAN.Net - Germany's finance minister is urging lawmakers to support a deal to trim Greece's debt load and keep the struggling country afloat financially, The Associated Press reports. The deal reached by European finance ministers earlier this week paves the way for Greece to receive €44 billion ($57 billion) in critical rescue loans. It also includes measures including a debt buyback program and an interest rate cut on loans to reduce Greece's debts. Germany's Parliament has to approve eurozone rescue measures. Bailing out Greece and others hasn't been popular in Germany and there has been growing unease in Chancellor Angela Merkel's coalition, but a solid majority is expected Friday, Nov 30. Two opposition parties are expected to vote in favor. Finance Minister Wolfgang Schaeuble says blocking loan payouts would have "consequences not just for Greece but the whole of Europe." Partner news  Top stories U.S. officials say they want to advance efforts to start talks between the Syrian government and opposition leaders. The international conference, backed by Russia and the U.S., aims to find a political solution to the conflict in Syria. Nuland, a career foreign service officer who was until recently State's top spokesperson, was expected to be nominated the post. Alkhatib said Assad should respond within 20 days and that he should then be given a month to dissolve parliament.   Partner news |  Latest news Israeli security expert says Syrian hacker attack foiled  Israel refuses to comment on the strike but officials at the time said Iranian missiles set for Hezbollah were hit.Gyumri to host Europe Day celebrations The celebrations will feature a small information fair, with EU project representatives to brief the visitors on the initiatives launched.1st Armenian interactive fairy tale available for iPhone/iPod Touch The tale sparked great interest in Diaspora. Such projects, namely interactive version of “Alice in Wonderland”, are popular abroad.Expert says Russian FM’s remarks in context of Madrid Principles No decisive developments will follow the meeting between Russian and Azerbaijani foreign ministers, David Jamalyan said. |
