Greece to reject any deal not securing crisis exit: ministerMay 14, 2015 - 13:52 AMT PanARMENIAN.Net - Greece's finance minister is insisting that he will reject any deal with the country's bailout creditors that does not help the country exit its economic crisis. Greece's radical left-led government is locked in very slow-moving negotiations with its bailout creditors over a plan of reforms demanded in exchange for new rescue loans. Without the funds, it risks bankruptcy within weeks, and eventually, a possible exit from the euro currency. Yanis Varoufakis said Thursday, May 14, that Greece must escape the "strictness trap" of budget measures that might prevent it from reducing its debt mountain to manageable levels. Speaking at an economic conference in Athens, Varoufakis insisted that the country needs a debt "redesigning" that will substantially extend repayment deadlines. 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 | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |