Turkey Classic Example Of Dictatorship At State Level

TURKEY CLASSIC EXAMPLE OF DICTATORSHIP AT STATE LEVEL

PanARMENIAN.Net
19.12.2007 17:36 GMT+04:00

/PanARMENIAN.Net/ Turkey is a classic example of dictatorship at state
level, Armenian National Assembly Vice Speaker Vahan Hovhannisian
said during The Armenian-Turkish Relations: Problems and Prospects
extended parliamentary hearings.

"It’s impossible to hold dialogue with a country, whose leaders
keep on distorting the history. As long as Talaat pasha, Enver pasha
and Jemal pasha are Turkey’s national heroes, the Turkish-Armenian
relations will not be normalized. It such a Turkey joints the EU,
it will be defeat for Armenia and collapse for Europe," he said.

"The main purpose of the hearings is to ‘break’ the wall between the
two nations erected by the Turkish government. We should publish the
minutes of the hearings and send them to the Turkish parliament. This
move can give start to a public dialogue," Mr Hovhannisian said.

MEDIA: Journalist Deaths Still Climbing Every Year

MEDIA: JOURNALIST DEATHS STILL CLIMBING EVERY YEAR
By Haider Rizvi

Inter Press Service , Italy
Dec 18 2007

NEW YORK, Dec 18 (IPS) – For journalists across the world, this year
has been the deadliest in more than a decade, according to a report
released by a major media watchdog Tuesday.

In its year-end analysis of press freedom worldwide, the Committee to
Protect Journalists (CPJ) said as many as 64 journalists were killed
this year while performing their jobs. These numbers are up from 56
deaths recorded last year.

CPJ researchers who are still investigating another 22 deaths to
determine whether they were work-related called this year’s death-count
as "unusually high".

According to the New York-based media rights group, 1994 was the worst
year, when as many as 66 journalists were killed. Most of those who
died that year were working in conflict zones such as in Algeria,
Bosnia and Rwanda.

The report describes Iraq as the "deadliest country in the world
for the press". For the fifth straight year, Iraq remains the most
dangerous place for media workers. Its 31 victims account for nearly
half of the 2007 toll.

CPJ said many journalists who lost their lives in Iraq, including
Washington Post reporter Salih Aldin, who died in Baghdad from a
single gunshot wound to the head, were victims of targeted killings.

The analysis shows that 24 deaths in Iraq this year were plain
"murders". Unidentified gunmen, suicide bombers, and U.S. military
activity pose serious risks to journalists. All but one of 31
journalists killed were Iraqi nationals. They worked mainly for local
media, although nine worked for international news organisations such
as The New York Times, ABC News, Reuters, and The Associated Press.

According to CPJ, the 2007 toll in Iraq is "consistent" with that of
2006, when 32 journalists died.

"Working as a journalist in Iraq remains one of the most dangerous
jobs on the planet," said CPJ executive director Joel Simon. "Members
of the press are being hunted down and murdered with alarming
regularity. They are abducted at gunpoint and found dead later or
shot dead on the spot."

"Those who die are nearly always Iraqi and many work for international
news agencies. These journalists gave their lives so that all of us
could be informed about what is happening in Iraq," Simon added in
a statement.

Twelve media support workers, such as bodyguards and drivers, also
died in Iraq. Since the beginning of the U.S. war in March 2003, more
than 120 journalists and nearly 50 media workers have been killed,
making it the deadliest conflict for the press in recent history.

More than one-third of those killed during this period of time worked
for international news organisations.

The report describes Somalia as the second-deadliest country for the
media in 2007, with seven journalist killed. "Horrific violence in
Iraq overshadowed the increasingly deteriorating environment for the
media in Somalia," said Simon. "Journalists reporting in Somalia face
great risks every day."

Included in the seven deaths in Somalia are the back-to-back
assassinations of two prominent journalists. Mahad Ahmed Elmi,
director of Capital Voice radio in Mogadishu, died after being shot
four times in the head. Hours later, a remotely detonated landmine
took the life of HornAfrik Media co-owner Ali Iman Sharmarke as he
left Elmi’s funeral.

Overall, according to CPJ, deaths spiked in Africa, from two last year
to 10 this year. In 2007, two journalists were killed in Eritrea and
one in Zimbabwe.

Beneath the terrible numbers, the group’s research also shows some
positive developments. There were no murders of journalists in
Colombia this year — the first time in more than 15 years. Also,
for the first time since 1999, there were no work-related killings
of journalists in the Philippines.

Worldwide, according to CPJ, murder remains the leading cause of
work-related deaths for journalists. The group said seven in 10
deaths which occurred in 2007 were murders. The rest were either
combat-related deaths or a result of dangerous assignments.

Last month, CPJ launched a global campaign against impunity to seek
justice in journalist murders. The campaign focuses on the Philippines
and Russia, two of the deadliest countries for the press over the
past 15 years.

Despite recent convictions in both countries, the impunity rate in
each remains at about 90 percent. "Unsolved killings spread fear and
self-censorship, crippling the work of the media," said Simon. "We need
to break the cycle by bringing the killers of journalists to justice."

In every region of the world, journalists who produced critical
reporting or covered sensitive stories were silenced, said Simon,
noting that in Pakistan and Sri Lanka, five journalists were killed
for their work. In Pakistan, Muhammad Arif of ARY One World TV and
two other journalists lost their lives as a result of suicide bombings.

In Sri Lanka, air force fighter jets bombed the Voice of Tigers
radio station, killing three employees. One slaying occurred in the
United States, where a masked gunman shot Oakland Post Editor-in-Chief
Chauncey Bailey as he walked to work, in what police described as an
"assassination".

The report recalls how millions of people around the globe watched the
apparently deliberate murder of Japanese photographer Kenji Nagai by
Burmese troops during the crackdown on antigovernment demonstrators
in Rangoon. No apparent moves have been made to bring his killer
to justice.

It also mentions the assassination of Turkish-Armenian editor Hrant
Dink outside his newspaper office in Istanbul, which sent shock
waves through the Turkish press and the international community. In
Kyrgyzstan, ethnic Uzbek independent journalist Alisher Saipov was
shot and killed at close range, and in Peru, popular radio commentator
Miguel Perez Julca was gunned down in front of his family.

Nepal, the Occupied Palestinian Territory, Haiti, Honduras, and Russia
also made the list of places with journalist fatalities this year. Five
journalists are classified as missing, three of them in Mexico.

Noting that media support workers are increasingly at risk, CPJ has
compiled a list of media worker deaths. Worldwide, 20 translators,
so-called "fixers", guards, and drivers were killed in 2007. The
victims include three Mexican newspaper delivery workers slain by
drug traffickers seeking to silence their employer.

40524

http://www.ipsnews.net/news.asp?idnews=

Armenian Presidential Candidate Will Turn To Examination

ARMENIAN PRESIDENTIAL CANDIDATE WILL TURN TO EXAMINATION

Lragir, Armenia
Dec 18 2007

On December 18 the leader of the National Democratic Union Vagzen
Manukyan, a presidential candidate, stated at the Hayeli press club
the document cited by the Haykakan Zhamanak newspaper in an article
on December 15 is not his handwriting, and he is likely to turn to
experts to prove that.

"The style of this article outdid the articles of 1937 about the
foes of the nation, when libels were written about everyone. It is
horrible that such articles still appear in Armenia. The handwriting
is ascribed to me, I will have it examined and prove that it is not
my handwriting, and I will rid of it. But this poison will affect the
society. Will an election based on this poison lead anywhere?" asks
Vazgen Manukyan, saying that the team which published this article
used to work against him in 1996 with the same method when this team
was government, and he was the oppositionist presidential candidate.

"They used the same poison in 1996 through television. It was a
climate of poison. They controlled the army, the criminal world,
the ministry of internal affairs, the money, the local governments,
and they lost. Can they win now with ten times less force? It is
impossible. What will it lead to? As a result part of the votes of
the opposition wil go to the government," Vazgen Manukyan says.

According to him, the political force uses the method through which it
comes to power in government as well. Vazgen Manukyan says he appeals
to Levon Ter-Petrosyan who published this article not to take the
track for poison. "It will not lead them anywhere, it will not lead
Armenia anywhere," says the leader of the NDU. At the same time, he
appeals to the society not to tolerate this approach toward struggle.

The reporters reminded Vazgen Manukyan that the handwritten piece
pubished in the Haykakan Zhamanak had been published earlier in 1996,
and 2001. They asked Vazgen Manukyan why at that time he did not
have it examined. The leader of the NDU said in 1996 the government
published it in the 02 newspaper which belonged to the ministry of
internal affairs led by Vano Siradeghyan. But at that time it aroused
a smile in the society. As to 2001, he says he is not aware of such
publications.

However, even if there were such, he did not have the piece of
handwriting examined because it was not worthwhile then, but now
they are using it against him, to denigrate him as a presidential
candidate, and he decided to put an end to it. "That’s enough,"
Vazgen Manukyan says.

Parliamentary Assembly Of Bsec Encourages Re-Opening Of Kars-Gyumri

PARLIAMENTARY ASSEMBLY OF BSEC ENCOURAGES RE-OPENING OF KARS-GYUMRI RAILWAY

Noyan Tapan
Dec 17 2007

YEREVAN, DECEMBER 17, NOYAN TAPAN. Issues related to energy security
were mainly discussed at the 37th assembly of the Black Sea Economic
Cooperation Organization (BSEC) held in Tbilisi recently. The
Armenian delegation’s head, RA National Assembly deputy Gagik
Minasian stated at the December 17 press conference that it is said
in the report presented by Armenia that being concerned about its
energy independence, the country is building a second alternative
gas pipeline. Besides, a number of programs on renewable energy are
being implemented, including programs on a wind power station and
a hydropower plant that may meet about one third of the domestic
consumption demand. According to G. Minasian, the new nuclear power
unit with the annual capacity of 1 million kwh to be built in Armenia
may become a stable basic source of electricity not only for the
country but also for the whole region.

In his words, being guided by the principles of not creating new
separating lines, the assembly encouraged the re-opening of the
Kars-Gyumri railway, considering it as a guarantee of regional
development. At the same time, the assembly considered it wrong to
construct another bypassing railway.

The assembly made a decision to support Azerbaijan in the issue of
holding the 2016 Summer Olympic Games in this country. Armenia was
the only country to vote against.

Armenian Labor Market Challenges

ARMENIAN LABOR MARKET CHALLENGES

Panorama.am
16:04 18/12/2007

Today a conference took place under the heading "Labor market in
Armenia: trends and challenges." The participants discussed the
international and local trends of the labor market, the dynamics of
the labor market and issues of development.

"The stable economic growth in our republic in the course of recent
few years and the changes in the quality of life make us speak about
an important component of the market economy – the labor market,"
Aghvan Vardanyan, minister of employment and social affairs, said
in his opening speech. He said it is impossible to ensure public
prosperity without program regulations and a state policy. "Years
ago we did not speak about that at all, we ignored such issues since
the state was busy with other problems. Such issues are becoming
a priority step by step and in compliance with the international
changes and developments. It is impossible to progress without the
discussion of such issues," he said.

Deliberative Mejlis Demands Transparency In Karabakh Conflict

DELIBERATIVE MEJLIS DEMANDS TRANSPARENCY IN KARABAKH CONFLICT

2007-12-19 11:06:00

ArmInfo-Turan. The parties included in the Deliberative Mejlis (DM)
are concerned with the lack of transparency in many spheres, Head of
Azerbaijan’s Democratic Party Serdar Jalaloglu said.

According to him, today’s session covered the "Madrid Talks."The
participants in the session considered different interpretations of
the results of Madrid Talks and noted the lack of transparency in
this matter.

Jalaloglu treated the mentioning of the issue on referendum as the
way for the resolution of the conflict not corresponding to the
international law.

The parties included in the DM think that protracted conflicts
should be settled in the format of frozen conflicts in GUAM
countries. Besides, the session covered the state budget of the
country for 2008, which is not transparent either. The state budget
is qualified as not socially orientated and creating conditions
for corruption. Concerning the political situation in Azerbaijan,
Jalaloglu said that until all arrested journalists are released it
will be impossible to speak about normal pre-election situation. The
members of the DM supported the proposal on restoration of the post
of PACE rapporteur for political prisoners.

The DM unites Democratic party, AMIP (national Independence), Musavat,
Progress and Public Forum "For the Sake of Azerbaijan".

4 Billion AMD Invested In Modernization Of The Custom System

4 BILLION AMD INVESTED IN MODERNIZATION OF THE CUSTOM SYSTEM

armradio.am
19.12.2007 16:33

Today President Robert Kocharyan had a working meeting with the
President of RA State Custom Committee Armen Avetisyan.

Mr. Avetisyan presented the results of collection of custom duties in
2007, according to which 203 billion AMD was collected by mid-December
instead of the 188.1 billion envisaged, and it can be predicted that
209 billion will be collected by the end of the year.

Armen Avetisyan reported that in compliance with the President’s
instructions, 4 billion AMD was invested last year to equip the
custom system with most contemporary technical means and the process
of modernization of the checkpoint of Bagratashen will be completed.

Reference was made to the deeds in 2008, particularly the issue of
focusing great attention on risky spheres.

New Iraq A Ray Of Hope For Greek Assyrians

NEW IRAQ A RAY OF HOPE FOR GREEK ASSYRIANS
By Demetrios Rhompotis

Assyrian International News Agency

Dec 17 2007

New York — Seventy Greek Assyrian families could claim compensation
for lost property in northern Iraq, as reconstruction plans try to
bring justice to oppressed minority groups.

Thousands of Assyrians, also known as Chaldeans and Syriacs, were
driven from the oil-rich area of Mosul in the 1910s. For decades, those
who settled in Greece hesitated to press claims, fearing reprisals
against their compatriots in Iraq. The overthrow of Saddam Hussein
now brings new hope to the cause.

"Our people lived there for thousands of years and they threw them out
violently," says Steve Sorros, whose grandparents were expelled from
the Mosul district. "Of course, we do not wish to return there… but
(we) have every right to be compensated. And our property was where
the oil is."

Sorros, who emigrated to New York in 1976, believes the interests of
oil companies overrode human concerns. He hopes Greek Assyrians will
pursue a class action lawsuit, as Holocaust victims did against Swiss
and German financial institutions, winning $20 billion.

The case has potential, according to lawyers like Nick Karambelas
of the Washington-based law firm Sfikas & Karambelas. "There might
be a strong legal base for compensations," he says. Karambelas has
experience in such matters, representing families that lost property
in the 1974 Turkish invasion of Cyprus.

Assyrians are still classed as foreigners in Greece, which may help
the case, he adds. Six thousand emigrated from Iraq, Iran, Syria and
Turkey. Only around 1,000 are naturalised citizens. The rest have no
papers. Karambelas says this refugee status means they did not give
up rights to their land.

Another Greek American lawyer at one of New York’s largest consulting
firms – who asked to remain anonymous – was even more optimistic. He
estimates desce! ndants o f the expelled Assyrians could demand 20
percent of the profits since oil started to be exploited on their
properties – an amount that could reach billions of dollars.

Greek authorities are largely oblivious to the brewing controversy.

Last November, the Athens News asked Adamandios Vasilakis, Greece’s
permanent representative to the UN, if the government was aware of
the situation – and willing to push it into the global spotlight.

Vasilakis said he had no idea and promised to find out. Nothing has
happened since. The Greek foreign ministry has not commented on the
situation, despite repeated requests.

The time is ripe for political settlement for Assyrians in Iraq and
abroad. They dare not hope for an autonomous state like the Kurds.

Cultural freedom is all they ask, according to Kyriakos Batsaras,
president of Union of Assyrians in Greece. "Whatever the Muslims get,
this is what we also want, nothing more, nothing less," he stresses.

Yet the Assyrians may be excluded from the final settlement in northern
Iraq, sources there claim. Instead of being recognised as a minority
group, they are being dismissed as Orthodox Christian Arabs.

"For a people with 7,000 years of history, it’s ridiculous to call
us that," Batsaras says.

Greek Assyrian odyssey

Today 4.5 million still consider themselves Assyrians. Their empire
once stretched across northern Iraq, northeastern Syria, Turkey
and Iran. Ninevah – the ancient capital near Mosul – may have been
the world’s first city. The kingdom crumbled in 612 BC, scattering
the people into small pockets around the Middle East. They embraced
Christianity in the 1st century AD and still speak Aramaic, one of
Jesus Christ’s languages.

Over the centuries, the Assyrians have been persecuted for their
ethnicity and their religion. The enjoyed some autonomy under
Ottoman rule in the early 20th century, because it was dif! ficult
f or Imperial forces to subdue their militia. This delicate balance
ended when the Ottoman Empire massacred Christians – Assyrians and
Armenians alike – in 1915. Winston Churchill described it as "whole
districts blotted out in one destructive holocaust".

Sorros believes oil-hungry foreigners prompted the attack. "They used
the Muslims to expel the more educated Christians. After they threw
them out, they drilled the oil. Our forefathers did not receive any
form of compensation."

The late Nissan Yaou – president of the Union of Assyrians in Greece
for many years – supported this theory. His written testimony attests:
"Oil was running into the river and people used it to burn wood that
had not yet dried." Locals called the stream "Kriya" (black), because
it brimmed with the crude liquid. During the winter snowfall, the oil
turned to asphalt, which had to be scraped off to cultivate the land.

Yaou documented the expelled Assyrians’ flight. They initially sought
refugee in Iran, then Christian Russia, followed by the Black Sea
port Novorossisk. They decided to return home in 1922, as the Mosul
district was under British rule.

Yet English authorities in Constantinople stopped their ship, claiming
an epidemic had struck their area. The Assyrians were lumped in
with the people fleeing the Asian Minor disaster – and re-routed to
Greece. They landed at Makronessos, which later became a notorious
prison island.

Conditions were rough there. The refugees would draw water and wash
from a big hole, encouraging the spread of disease. Around 10-15
people died each day, among them Yaou’s stepmother. They were moved
several times to Keratsini, a monastery in Poros and the military
barracks of Kalamata, where an estimated 4,000 people perished.

Locals warned them not to drink the contaminated water, but no one
understood Greek, Yaou explained. At the end of 1923, the Assyrians!

finally settled in the Athens suburb of Aegaleo, building a church
in the memory of Saint Andrew.

Further troubles back home

Assyrians who remained in the Middle East suffered as well. They fought
for the Allies in World War I, but were left without ammunition and
support just before the conflict’s end. They fled to Baghdad, losing
one-third of their population to attack, disease and hardships.

Britain, France and Russia promised to help establish an Assyrian
homeland in the Mosul district, but this never came to pass. During the
formation of the modern Iraqi nation in 1933, civilians were massacred
and 60 villages destroyed. Batsaras says that English authorities
moved 80,000 Arabs into the abandoned area, harshly oppressing any
remaining Assyrian resistance.

Iraqi forces razed another 200 towns in the 60s and 70s, as well
as scores of ancient churches. Saddam Hussein’s "Arabisation policy"
forced more people from their homes in the mid-80s. After the Gulf War,
250,000 Assyrian refugees joined fleeing Kurds. Batsaras stresses:
"When you hear about ships full of Iraqi refugees, their majority
are Assyrians."

Search for justice

Both Sorros and Batsaras hope all Assyrians eventually could return to
a safe and tolerant homeland. In the meantime, those in Greece will
pursue compensation for lost lands and revenue. At least 70 families
are eligible.

Sorros plans to push the case through powerful Assyrian organisations
in the US, whose leaders met with the President George W Bush and his
administration in March 2003. "For 70 years big conglomerates drill
oil from my grandfather’s backyard," he says. "At least something
should be given to us."

www.athensnews.gr

"Dollar Devaluation Was Partly Speculation"

"DOLLAR DEVALUATION WAS PARTLY SPECULATION"

A1+
[01:12 pm] 17 December, 2007

The demand for the US dollar has significantly fallen, the
representative of the International Monetary Fund (IMF) in Armenia
Nienke A. Oomes noted.

The dram-dollar exchange rate is like the price of the dollar,
expressed in dram terms. Just as the price of any other good, the
price of the dollar is affected by the laws of supply and demand. If
the supply of dollars rises, the price of the dollar falls – that is,
the dollar depreciates and the dram appreciates.

If the demand for dollars rises, the price of the dollar rises,
and the dollar appreciates relative to the dram.

Keeping this in mind, we can see four main reasons for the recent
dram appreciation. First, the supply of foreign currency (mostly
U.S. dollars) in Armenia has increased, as a result of large inflows
from abroad.

Second, the demand for dollars has fallen, as a result of
dedollarization or "dramatization". Third, there is some evidence
that speculation is playing a role as well. A fourth factor is that
the U.S. dollar has depreciated worldwide, which has to do with the
trade deficit of the United States, but this does not explain why
the dram has also appreciated against the euro. Let me therefore
elaborate on the first three factors.

The first reason for the appreciation is that a lot of money is coming
into Armenia from abroad, mostly U.S. dollars, causing an increase
in the supply of dollars.

These inflows of dollars are related to various factors: remittances,
the establishment of new banks with foreign capital, the capitalization
of existing banks who are expanding their activities, investment
into real estate by foreigners, other foreign direct investment,
and foreign aid.

The second reason for the appreciation is dedollarization, or a fall
in the demand for dollars.

While we do not know how many dollars are still under people’s
mattrases, we do know that the share of bank deposits that is
denominated in foreign currency has fallen significantly, from about 75
percent at the end of 2004 to about 40 percent currently. This suggests
that there has been a serious dedollarization or "dramatization"
of the Armenian economy.

Interestingly, this phenomenon of "dedollarization" is both a result
and a cause of dram appreciation.

Dedollarization is a result of expected dram appreciation, because
if Armenians expect the fall in the dollar to continue, they will
sell dollars and buy dram. But at the same time, dedollarization is
also a cause of dram appreciation, because the fall in the demand
for dollars and increase in the demand for dram implies a fall in
the price of the dollar and an increase in the price of the dram,
that is, a fall in the dram-dollar exchange rate. So appreciation
leads to dedollarization, which in turn leads to more appreciation,
which then leads to more dedollarization, etc. This also implies that,
if Armenians expect further appreciation, they start to sell dollars
and there will be further appreciation.

A third reason that may partly explain the recent strong appreciation
is the fact that the foreign exchange market is less active during
the weekend, which can create opportunities for speculation.

Speculation means that people try to make money by selling dollars
when they expect the dram-dollar rate to fall, and by buying dollars
when they expect the dram-dollar rate to rise. Opportunities for making
money in this way are made easier because the foreign exchange market
does not work well during weekends.

This is because the official foreign exchange market (ARMEX) does
not work in the weekend, and most banks and the Central Bank are also
closed in the weekend.

As a result, the exchange rate in the weekend is almost exclusively
determined by foreign exchange offices on the street, which is a much
less active market than ARMEX. This means that, if someone sells 1
million dollars on the street during the weekend, this has a bigger
effect on the exchange rate than if this 1 million dollars is sold
during the week. Therefore, the exchange rate is likely to overreact
during the weekend.

What happened during the weekend of November 24-25, when the rate
fell as low as 280 on Sunday and then rose to 305 again on Monday?

We don’t know exactly what happened, but it is possible that the story
is something like the following. In the first few weeks of November,
a lot of dollars were flowing into Armenia, related to money transfers,
the capitalization of banks, foreign direct investment, and possible
other reasons. This caused the dram-dollar rate to fall quite rapidly,
from about 330 at the end of October to about 315 by Friday,November
23. This rapid fall in the dram-dollar rate caused the population to
panic, and Armenian households and businesses started to sell their
dollars and buy dram, leading to a further fall in the dram-dollar
rate. This is where opportunites for speculation arose. Those who
were able to predict that panic and dedollarization would drive
the dram-dollar rate down further during the weekend were able to
make money by selling dollars at a rate of 315 on Friday and buying
them back at a rate of 280 on Sunday. Those who were able to predict
that the dram-dollar rate would rise again on Monday, when the banks
opened again, were able to make money by buying dollars at a rate of
280 on Sunday and selling them at a rate of 305 on Monday. We do not
know who these people were, but anybody who was able to predict the
market could have earned significant profits this way.

What should be done about the appreciation?

The IMF realizes that the appreciation of the dram has been very
painful for households who receive remittances in dollars and for
businesses who export their goods. However, unfortunately there is
little that the Central Bank can do to lessen this pain. The dram will
continue to strengthen as long as money continues to flow into Armenia
from abroad, and as long as the population continues to change their
dollars into dram. The Central Bank can of course try to reduce the
appreciation to some extent by buying dollars. They have already been
doing this very actively, for example, they bought about 175 million
dollars in November alone, which is more than what they bought in the
first 10 months of the year. If they had not bought this many dollars,
the dram-dollar rate would have fallen by much more than it actually
did. The problem, however, is that when then the Central Bank buys
dollars by selling dram, they create inflation. This is because they
increase the amount of drams that are circulating in the economy,
while the amount of goods and services does not increase, which means
that prices will go up. And higher prices are equally painful for
Armenian households and businesses. We therefore recommend that the
Central Bank only intervene in the foreign exchange market to reduce
excessively large jumps in the exchange rate, without resisting the
underlying appreciation trend.

While the Central Bank cannot reduce both appreciation and inflation,
the government can do four things to help ease the pain. First, the
government itself should spend less Second, the government should
collect more taxes by fighting tax evasion. Both of these measures
will help to reduce the demand for dram in the economy. Third,
the government should take measures to increase competition between
importers, to ensure that dram appreciation will actually result in
lower import prices, which is currently not always the case.. Fourth,
the government should implement reforms to raise productivity,
by improving infrastructure and education, by reducing corruption,
and by improving the overall business climate.

How does the appreciation affect the IMF program with Armenia?

The IMF program has quantitative targets on various monetary variables,
including net domestic assets, net credit to the government, net
international reserves, and reserve money. The first three of these
targets will still be easily met due to lower-than-projected net
credit to government and strong reserve accumulation.

However, because the CBA bought many more millions of dollars than
expected, they are likely to miss the reserve money target for this
year: since mid-November, reserve money already exceeds the upper limit
of the end-December target. (The annual growth rate of reserve money
was 59 percent at the end of November, compared to 32 percent growth in
the 2007 monetary program.) This does not have serious consequences for
the IMF program, because it is only an "indicative target"- that is,
it is not the most important condition in the IMF program.

Europe Armenian said NO to Turkey not recognizing Armenian Genocide

PanARMENIAN.Net

European Armenian said NO to Turkey not recognizing Armenian Genocide
15.12.2007 13:42 GMT+04:00

/PanARMENIAN.Net/ December 14, the European Armenian Federation
organized a rally in Brussels calling on the European Union to urge
Turkey to recognize the Armenian Genocide before joining the Union,
independent French journalist Jean Eckian told PanARMENIAN.Net.

Over 800 Armenians gathered to say NO to Turkey that doesn’t recognize
the Armenian Genocide. The demonstrators claimed observation of the
Copenhagen criteria which integrate the Armenian Genocide recognition,
preliminary to Turkish adhesion in the EU.

"We are not against Turkey’s accession but we do stand Turkey which
refuses to leave Cyprus, to recognize Cyprus, to recognize the
Armenian Genocide and the rights of the Kurds" said Mourad Papazian,
president of the ARF Dashnaksutyun Europe.

In an icy cold, the speakers coming from all Europe, followed one
another the rostrum drawn up on Esplanade du Cinquantenaire of
Brussels facing the European Union, where the 27 heads of state and
governments finally deferred to next Monday the Turkish question, for
lack of agreement.

The European Armenian Federation is of the view that by altering the
essence of these negotiations from one of automatic accession to
"accession or privileged partnership" is a positive move. It reopens
the political debate on the key issue of whether Turkeys uniting with
the Democracies of Europe is indeed a natural progression for the
European Union itself.

"Even if today, the Europeans have not yet defined the clear content
of what would be the "privileged partnership," we know, however, that
Turkey will try to obtain a maximum of privileges from the EU and that
it will confer it exorbitant leverages and that it will reinforce its
economic and military power," commented Hilda Tchoboian, the
chairperson of the European Armenian Federation