Germany set to balance federal budget by 2014October 29, 2012 - 12:28 AMT PanARMENIAN.Net - Germany is set to balance its federal budget by 2014, Finance Minister Wolfgang Schaeuble said on Sunday, Oct 28, as Berlin urges other countries to slash deficits as a response to the eurozone debt crisis, AFP reports. In an opinion article for the Tagesspiegel am Sonntag, Schaeuble wrote: "Germany will already this year lower its deficit to below 0.5 per cent of GDP and from 2014 have a balanced budget again." "Reducing debt is one of the most important political tasks both in Germany and in many other countries. The German people are rightly demanding this with great force," the minister added. 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 | Macron honors Charles Aznavour on 100th anniversary French President Emmanuel Macron has paid tribute to the memory of French-Armenian crooner Charles Aznavour. Erdogan’s approval rating falls below 40 percent: survey A total of 53.4 percent of respondents said they disapprove of the performance of Erdoğan. Blinken says U.S. reviewing a number of aid requests from Armenia He said the U.S. is reviewing the requests to determine what more it can do to increase its assistance to Armenia. At least 2 CSTO members participated in preparing 44-day war against Armenia – PM Nikol Pashinyan has declared that at least two CSTO member countries participated in preparations for the 44-day war against Armenia. |