Italy among countries troubling leaders of EU zoneJuly 11, 2011 - 20:02 AMT PanARMENIAN.Net - Leaders of European Union have held a sitting on July 11, during which they discussed continuing problems with debts of EU zone countries. The meeting in Brussels was initiated the days before by Herman Van Rompuy, President of the European Council. His press secretary stressed that this meeting cannot be regarded as crisis. According to information, the reason of talks was fear that Italy will face difficulties in its state debt service, as it occurred with Greece, Ireland and Portugal. Due to these suspicion, on Friday, earnings yield of Italian bonds has raised to the top level since euro introduction, that is, it increased the rate for similar 10-year liabilities of Germany by 2,45%. On Friday, the stocks of the largest Italian Unicredit Spa fell by 7,9% thanks to considerable investments to Italian state securities, whereas chief fund index dropped by 3,5%, according to BBC. 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 | 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”. |