Friday, July 27, 2012

THE EUROPEAN UNION COMMISSION PRESIDENT VISIT TO GREECE CALMED INVESTORS CONCERN OVER LONG TERM INTEREST RATES PAYMENT AND GREECE WITHDRAWAL FROM THE EUROPEAN UNIION BEFORE GREECE PROJECTED ECONOMIC PROSPECTS.

THE EUROPEAN UNION COMMISSION PRESIDENT VISIT TO GREECE CALMED INVESTORS CONCERN OVER LONG TERM INTEREST RATES PAYMENT AND GREECE WITHDRAWAL FROM THE EUROPEAN UNION BEFORE GREECE PROJECTED ECONOMIC PROSPECTS.

        Doubt expressed about Greece uncertain future in the European Union during the previous political crisis, the current financial crisis with the government's request for more time that may exceed three years to implement its Saving Plan Package, besides the Greek citizens demand for Greece withdrawal from the European Union, due to financial difficulties of the minimum income earners caused by the European Union Austerity Measures has been ruled out by the visit of the President of the European Union Commission Mr. Jose Manuel Barroso to Greece early morning today. The European Union Commission President expressed the Union's request for Greece Saving Plan Package in the brief televised interview with the new Greek Prime Minister Mr. Samaras that emphasized the requirement for Greece to save the sum of eleven point five billion euros (euros 11.5 billion ) until  next year to calm investors concern over long term interest rates payment and Greece withdrawal from the European Union before Greece projected economic prospects.


                                                          Written by Professor Godfrey Ohia.
   

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