Greek Prime Minister bids to seal debt dealJune 24, 2015 - 15:47 AMT PanARMENIAN.Net - The Greek Prime Minister, Alexis Tsipras, is to hold fresh talks with his country's creditors as he tries to secure an urgent deal on Athens' debt, BBC News reports. Greece must repay €1.6bn to the International Monetary Fund (IMF) by the end of the month, or face default and possible exit from the EU. European Union leaders have broadly welcomed Greece's latest proposals for reforms - but obstacles remain. Eurozone finance ministers are due to finalise a deal on Wednesday, June 24 evening. The agreement being formed is believed to include: • New taxes on businesses and the wealthy • Selective increases in VAT • Savings in pensions linked to curbing early retirement and increasing pension contributions • No further reductions in pensions or public-sector wages - "red lines" for Greece's Syriza government On Wednesday, the ECB again increased additional emergency funding for Greek banks to stave off fears of a bank run - the fifth time in eight days it has done so as fearful savers withdraw up to €1bn a day from domestic banks. Only once agreement is reached will creditors unlock the final €7.2bn tranche of bailout funds. Related links: Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |