Friday, September 9, 2011

FIERCE CRITICISM OF THE EUROPEAN UNION FINANCIAL RESCUE PACKAGE ALSO REFERRED TO AS THE FINANCIAL CRISIS SHIELD, OR UMBRELLA

Fierce criticism of the European Union financial rescue package expansion also termed as the financial crisis shield, or umbrella in the German Parliament, the Bundestag resulted in the extension of the debate until next month, despite the expansion of the allocated European Union financial crisis shield from the amount of 440 billion euros to 780 billion euros in which Germany's contribution to the amount increased from 123 billion euros to 211 billion euros accordingly with Germany's population and the rated economic potential which some people have expressed their concern about the much in interest rates of the financial rescue package that would be owned by Germany and the Private Investors also referred to as the Private Sector Believers and this could make, or contribute to Germany's all time economic dominancy in Europe, while at the same time the Private Sector Believers income could triple to hundreds of trillions of euros within short period of time.

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