Wednesday, September 12, 2012

GERMANY'S HIGHEST COURT POSTPONED ITS FINAL DECISION ON BONDS SALE AND FUNDS ALLOCATION.

GERMANY'S HIGHEST COURT POSTPONED ITS FINAL DECISION ON BONDS SALE AND FUNDS ALLOCATION.

      Germany's Highest Court has postponed its final decision on the European Union Rescue Packages and the European Central Bank decision on bonds sale believed by many Europeans would strengthen the European Union integration and upgrade the European Union citizens standards of living to a unified better standard of living through out the Euro-zone untill the next few hours, despite continues flow of complains with the threat for demonstration against the government's unlimited leading role in funds allocation to both the European Central Bank and for the European Union Rescue Packages to the European Union countries that may have been affected by the European Union Austerity Measures, or the European Union countries that may have had lower credit lines. However, the government has reassured the citizens by fiscal pact news release for the year 2013 which specified the budget of two hundred and three billion euros (203,000,000,000.00) for the year 2013 with budget deficit reduction and debt payment of about ten billion euros (10,000,000,000.00) that will eliminate the country's budget deficit and debt by the year 2015, 0r 2020, despite the government's unlimited funds allocation for the European Union Rescue Packages and the European Union Central Bank.

                                                     Written by Professor Godfrey Ohia.

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