ECB rep. says Greece agreement ‘better than all alternatives’ November 28, 2012 - 11:01 AMT PanARMENIAN.Net - A debt compromise agreed to unlock aid for Greece was a good one, removing the danger that lenders would have to take a haircut, European Central Bank policymaker Ewald Nowotny said, according to Reuters. "I believe in such a difficult situation as we see in Greece there are no ideal solutions but it is probably a solution that is better than all alternatives," Nowotny told Austrian ORF radio in an interview broadcast on Wednesday, Nov 28. "The debt haircut is off the table," he said. After 12 hours of talks at their third meeting in as many weeks, eurozone finance ministers and the International Monetary Fund agreed this week to reduce Greek debt by 40 billion euros ($52 billion), opening the way for 43.7 billion euros of loans to be disbursed by early 2013.   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 |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
