Ankara to form Turkish lira-zone as Eurozone alternativeOctober 31, 2012 - 17:08 AMT PanARMENIAN.Net - Turkey plans to create a Turkish lira-zone as an alternative to the Eurozone, Turkish Prime Minister Recep Tayyip Erdogan said. As Erdogan noted during his official visit to Germany, a number of EU countries resolved against joining the Eurozone and have not suffered as a result. "Great Britain has not joined the Eurozone and the country's economy is quite stable," he said. "British authorities advised us not to join the Eurozone, but create a Turkish lira- Zone, instead." Erdogan further stressed the need for the EU to reconsider its monetary policy. Eurozone is the currency union uniting 27 European Union countries. The official currency is the euro. Eurozone was established in 1999, Trend reported. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |