Merkel doesn’t expect quick end to sovereign debt crisis November 5, 2011 - 14:11 AMT PanARMENIAN.Net - German Chancellor Angela Merkel does not expect a quick end to the sovereign debt crisis, saying on Saturday, November 5, it would take a decade to reach better times. "(It will) certainly take a decade until we are in a better position again," Merkel said in her weekly podcast, a day after the euro zone failed to get new money for its bailouts at a G20 summit and Greek Prime Minister George Papandreou won a vote of confidence as the currency bloc attempts to prevent the crisis from spreading further, Reuters reports.   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 Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
