Thursday, July 21, 2011

THE EUROPEAN UNION LEADERS CONCLUDED ITS FINANCIAL RESCUE PACKAGE TO GREECE IN THE SUMMIT HELD EARLY MORNING TODAY IN BRUSSEL.

The European Union leaders decided to conclude the European Union financial rescue package to Greece in the European Union Summit held early morning today in Brussel, inspite of the difficulties entailed in improving an independent economy within the European Union zone in regard to the required changes in the privatization policies, tax policies, allowance policies and the retirement age with the Austerity measures. However, Greece has secured the billions of dollars it required for the prevention of bankruptcy that may pave further their country eligibility for future European Union central bank loans. But, the word accomplishment has never been used in this regard, eventhough the government in Greece struggled much in restoring order by cabinet reshuffle after several demonstrations against the Austerity measures that has qualified Greece for the European Union financial rescue package and future loans from the European Union Central bank. The amount allocated to Greece in unspecified sum that has not been made known that may not exceed twenty billion euros and those from the private believers investors remains some of the issues that have not been resolved in the summit.

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