Eurozone economy needs to catch up: ECB official June 6, 2014 - 14:26 AMT PanARMENIAN.Net - The eurozone economy still has "significant need" to catch up to other major regions, European Central Bank Governing Council member Ewald Nowotny said on Friday, June 6, and a package of measures the ECB took on Thursday should help by boosting bank lending. He noted, however, that a new program that provides long-term liquidity to banks would be effective only from autumn, according to Reuters. The ECB cut interest rates to record lows on Thursday, launched a series of measures to pump money into the sluggish eurozone economy and pledged to do more if needed to fight off the risk of Japan-like deflation. Related links: Related issues:   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 U.S. believes peace is “possible” in South Caucasus  The United States continues to believe that peace is possible in the South Caucasus, Vedant Patel said.Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush provinceNarek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28.Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. |
