German minister says room to extend Greek debt maturities limitedAugust 15, 2015 - 15:30 AMT PanARMENIAN.Net - German Finance Minister Wolfgang Schaeuble said in an interview with Deutsche Welle published on Saturday, Aug 15, that there was some room to extend maturities on Greek debt but that this room was limited, according to Reuters. "Outright debt forgiveness doesn't work at all under European law," Schaeuble said. "But we do have a certain amount of room to extend maturities further. This room is not very big." The International Monetary Fund (IMF) has called for "significant debt relief" for Greece, describing this as a condition for its participation in a third bailout for Greece that was approved by euro zone finance ministers late on Friday. Germany is very keen to keep the IMF on board but has repeatedly ruled out a writedown of the face value of Greece's debt through a so-called "haircut". 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 | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |