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 | 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. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |