Friday, June 24, 2011

THE APPROVAL OF THE SECOND EUROPEAN UNION FINANCIAL RESCUE PACKAGE TO GREECE CAME AS A SURPRISE IN THE BRIEF MEETING OF THE EUROPEAN UNION LEADERS HEL

THE APPROVAL OF THE SECOND EUROPEAN UNION FINANCIAL PACKAGE TO GREECE CAME AS A SURPRISE IN THE BRIEF MEETING OF THE EUROPEAN UNION LEADERS HELD EARLY MORNING TODAY IN BRUSSEL.

The approval of the second financial rescue package to Greece came as a surprise in the brief meeting of the European Union Leaders held early morning today in Brussel. However, the approval of the financil resue package came with the condition of Greek's current government acceptance of strict saving plans. In other words, if the Parliament in Greece implement the required strict saving plans, Greece will begin to to receive the initial sums of the financial rescue package as early as next week. Other European Union leaders have emphasized their concern for a stable and stronger European currency the euro. The allocated sum has been in the amount of two hundred and ten billion euros ($210,000,000,000.00) euros in addition to the first two hundred billion euros ($200,000,000,000.00) euros.

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