German govt. seeks court support for eurozone rescue fundSeptember 10, 2012 - 15:43 AMT PanARMENIAN.Net - The German government anticipates the country's highest court will this week reject a complaint seeking an injunction against ratification of the eurozone's permanent rescue fund, AP reports. The spokesman of Chancellor Angela Merkel said Monday, Sept 10, the government is "convinced" the €500 billion ($640 billion) European Stability Mechanism is constitutional. Steffen Seibert said the government is "going toward Wednesday in the hope that the court will see it the same way." Over the weekend a backbench lawmaker with Merkel's conservative bloc asked Germany's Federal Constitutional Court to delay its ruling in light of a European Central Bank decision. Seibert says the government believes the ECB's decision last week that it could buy unlimited amounts of government bonds if countries first seek help from the eurozone fund doesn't affect the court ruling. 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 | Turkey condemns Uruguay’s recognition of Armenian Genocide Turkey has condemned a newly passed law in Uruguay that recognizes the Armenian Genocide, TRT reports. For the first time, Armenia votes in favor of Georgia resolution in UN Armenia on Tuesday, June 4 voted for the first time in favor a resolution adopted by the United Nations General Assembly. Moscow warns Armenia against leaving Russian-led defense bloc Armenia could ruin its military ties with Russia if it continues drifting towards the West, according to a senior official in Moscow. Moscow says ready to support Yerevan-Baku reconciliation Moscow has confirmed its readiness to support the reconciliation of Yerevan and Baku. |