Merkel says Germany will back Spanish minister to head EurogroupAugust 25, 2014 - 16:36 AMT PanARMENIAN.Net - German Chancellor Angela Merkel says her country will back Spanish Economy Minister Luis de Guindos's candidacy to be the next head of the Eurogroup, the gathering of eurozone finance ministers that sets important policies for the currency union. According to the Associated Press, Merkel said Monday, Aug 25, that when the term of the current Eurogroup leader, Dutch Finance Minister Jeroen Dijsselbloem, ends in January, Germany will support de Guindos to replace him. She said de Guindos "has been an excellent economy minister in difficult times" and had worked closely with Germany's Wolfgang Schaeuble on many issues during the eurozone's financial crisis. Merkel was speaking during a press conference with Spanish Prime Minister Mariano Rajoy in the northwestern Spanish city of Santiago de Compostela at the end of a two-day visit. Related links: 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 | 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. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |