Eurozone finance ministers approve Greece’s bailout reform proposalsFebruary 25, 2015 - 10:00 AMT PanARMENIAN.Net - Eurozone finance ministers have approved reform proposals submitted by Greece in order to obtain a four-month extension of its bailout, according to BBC News. The Eurogroup said it had agreed to begin national procedures - parliamentary votes in several states to give the deal final approval. The measures offered by Greece include combating tax evasion and reforming the public sector. But the head of the IMF said they lacked "clear assurances" in key areas. Greece's debt stands at more than €320bn, and its current €240bn bailout expires on Saturday, Feb 28. Fresh funding will not be released until Greece's proposals are approved in detail. The stakes of talks over continued financial aid have been high because of fears of a Greek default that could push it out of the euro, triggering turmoil in the EU. The main stock market in Athens rose by nearly 10% on Tuesday afternoon, hitting a three-month high. Related links: 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 | Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. Ucom launches network modernization efforts in few regions of Armenia In particular, on March 28, the legacy Mobile Switching Subsystem will be replaced with a new one. |