ARMENIA’S FOREIGN DEBT NOT DANGEROUS, THINKS SARKISIAN

The Messenger
July 15 2011
Georgia

Armenia’s President Serzh Sarkisian stated recently that Armenia’s
foreign debt does not carry a serious threat and he cites precedents
of similar or higher debt in many countries worldwide. Armenia’s
President promised that the state will cover the majority of the
loans. The President claims that EU, IMF and World Bank approved the
anti crisis steps taken by the Armenian government however he admitted
that there are certain problems which remain in the country, including
high inflation rate as well as a slow increase of the country’s
economy. However the country has managed to increase pensions and
allowances and social programs are still being maintained.

From: Emil Lazarian | Ararat NewsPress