Preliminary deal struck on Greece bailout May 2, 2017 - 17:07 AMT PanARMENIAN.Net - Greece has reached a preliminary agreement with its international creditors on reforms needed to release the next instalment of its multi-billion-dollar bailout, BBC News reports. Greece has promised to further cut pensions, by 0.9% on average, and lower the tax threshold to produce savings worth 2% of gross domestic product. The measures will have to be approved by the Greek parliament. Creditors have agreed to hold talks on how to make Greece's debts sustainable. Greece has been pushing for measures on debt relief. The German finance ministry called the deal an important intermediate step. Greece has to repay $7.5bn (6.9bn euros) to its eurozone lenders and the International Monetary Fund in July. The next step is a meeting on 22 May of eurozone finance ministers, who are required to sign off on the deal. Earlier this month, the Greek government agreed to take on another $3.8bn in cuts in 2019 and 2020. 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 |  Related sections Latest news Armenia, Russia discuss life extension of Metsamor nuclear plant  Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan.Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan.Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. |
