Greece to reject any deal not securing crisis exit: ministerMay 14, 2015 - 13:52 AMT PanARMENIAN.Net - Greece's finance minister is insisting that he will reject any deal with the country's bailout creditors that does not help the country exit its economic crisis. Greece's radical left-led government is locked in very slow-moving negotiations with its bailout creditors over a plan of reforms demanded in exchange for new rescue loans. Without the funds, it risks bankruptcy within weeks, and eventually, a possible exit from the euro currency. Yanis Varoufakis said Thursday, May 14, that Greece must escape the "strictness trap" of budget measures that might prevent it from reducing its debt mountain to manageable levels. Speaking at an economic conference in Athens, Varoufakis insisted that the country needs a debt "redesigning" that will substantially extend repayment deadlines. 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 | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine 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. |