2nd Greek bailout formally approved by EU countriesMarch 14, 2012 - 16:36 AMT PanARMENIAN.Net - A top European official says the countries that use the euro have formally approved a second bailout for Greece, as they had signaled since last week, and authorized the release of euro39.4 billion ($51.44 billion), AP reported. Jean-Claude Juncker, prime minister of Luxembourg and chairman of meetings of eurozone finance ministers, says the European Financial Stability Facility - or EFSF - will disburse the money in several installments. The March 14 decision was a formality, as Greece had already been found to have met all the conditions for the new aid program. Juncker said the bailout "constitutes a unique opportunity for Greece that should not be missed," and urged continued reform. "This will allow the Greek economy to return to a sustainable path," he said. 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 | 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. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. 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. |