Euro countries to build $1.1-trillion bailout fund, Austria saysMarch 30, 2012 - 16:47 AMT PanARMENIAN.Net - Austria's finance minister says the 17 euro countries will build a €800-billion ($1.1-trillion) financial firewall against their debt crisis, though €300-billion of that has already been used for previous bailouts, AP reported. That gives the euro zone some €500-billion in fresh money to help debt-ridden countries. Maria Fekter said Friday, March 30 that the figure should send a convincing message to financial markets and the euro zone's international partners that the currency union can contain its two-year old debt crisis. Ms. Fekter said some €240-billion in money left in the euro zone's existing, temporary bailout fund will remain available until mid-2013. However, she said that money should only be available until the new permanent bailout fund has been built up to its full €500-billion capacity. 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 | Second round of Armenia-Azerbaijan talks set for May 11 The second round of negotiations between the foreign ministers of Armenia and Azerbaijan will take place on May 11. About 32,000 rally in Yerevan to deman Pashinyan’s resignation About 31,700 people attended an opposition rally on Thursday, May 9 in Yerevan demanding the resignation of Prime Minister Nikol Pashinyan. Armenian, Azerbaijani Foreign Minister to meet in Almaty Armenian Foreign Minister Ararat Mirzoyan and his Azerbaijani counterpart Jeyhun Bayramov will meet in Almaty. Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. |