Euro will exist for as long as there’s political unity – Armenian expertNovember 11, 2011 - 16:30 AMT PanARMENIAN.Net - In the face of current economic downfall in eurozone, many are apprehensive that Euro will no longer be used as European Currency Unit for 17 countries worldwide. “At present, eurozone is under no danger of a collapse. Europe has been up against serious problems and successfully overcame them. Euro will exist for as long as there’s political unity,” a candidate of political sciences, associate professor Narek Galstyan told a news conference in Yerevan. A candidate of economic sciences, Grigor Hayrapetyan, in turn, added that in group integration, Europe sets much store by supranational interests, with global experience to prove it. “Having picked Euro as a common currency unit, eurozone won’t refuse the many advantages of its use. Exchange fluctuations alone allow the eurozone to save several billions on an annual basis,” the expert concluded. Top stories President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. The Cabinet of Ministers decided on Thursday, November 9 to allocated AMD 120 million to arrange the gathering. Michael Roth believes sanctions must be put on the table after Baku‘s ethnic cleansing in Nagorno-Karabakh. Partner news | Your home is in Armenia – Ameriabank offers mortgage loans for the Diaspora To buy real estate, Diasporans can apply to Ameriabank online to buy, renovate or build a home anywhere in Armenia. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. Ameriabank's Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC Ameriabank received the awards from international financial institutions in recognition of its trade finance operations. |