Friday, July 20, 2012

THE WORLD'S FINANCIAL MARKETS HAVE REMAINED NEUTRAL, THAN MAY HAVE BEEN PREDICTED TO THE EUROPEAN UNION CASH FLOW IN TO THE SPANISH BANK SECTOR AFTER THE GERMAN PARLIAMENT CONCLUDED ITS FINAL SESSION ON THE ALLOCATION OF THE FINANCE PACKAGE TO SPAIN.

THE WORLD'S FINANCIAL MARKETS HAVE REMAINED NEUTRAL THAN MAY HAVE BEEN PREDICTED TO THE EUROPEAN UNION CASH FLOW IN TO THE SPANISH BANK SECTOR AFTER THE GERMAN PARLIAMENT CONCLUDED ITS FINAL SESSION ON THE ALLOCATION OF THE FINANCE PACKAGE TO SPAIN.

      The German Parliament, the Bundestag concluded its final session on debates for the allocation of the European Union Finance Rescue Package to Spain and specifically for the Spanish bank sector with overwhelming support of the government's finance package for Spain, inspite of some of the government's Opposition Parties members objection to the government's involvement in risky finance of the Spanish bank sector that could cost the German government over three quarters of a trillion euros, if the Spanish government fail to accomplish its Saving Plan Package that has been required to upgrade its credit line for better Spanish banks finance performance and for further strengthening of the European Union currency the euro. The allocated European Union finance package to Spain that has been in the sum worth a hundred billion euros (euros 100,000,000,000.00) will be immediately transfered after yesterday's successfull Parliamentary final session for the finance package allocation to the Spanish bank sector. However, the World's financial markets have remained neutral than may have been predicted to the European Union cash flow in to the Spanish bank sector and the World's financial markets.


                                                        Written by Professor Godfrey Ohia.

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