Friday, September 14, 2012

THE EXTENDED SESSIONS IN THE DEBATES ON EURO CRISIS FOR FUNDS ALLOCATION HAVE BEEN CONCLUDED AFTER THE HIGHEST COURT FINAL DECISION.

THE EXTENDED SESSIONS IN THE DEBATS ON EURO CRISIS FOR FUNDS ALLOCATION HAVE BEEN CONCLUDED AFTER THE HIGHEST COURT FINAL DECISION.

       Extended sessions in the debates on Euro crisis, Euro-bonds sale and the Finance Rescue Packages have been concluded in the German Parliament, the Bundestag after the Highest Court final decision that enacted the legislation for the extension of funds allocation for the European Union Central Bank and the European Union Finance Rescue Packages with specified limitation within certain period of time that should not exceed the sum of a hundred and ninety billion euros  (190,000,000,000.00) which is approximately over three quarters the budget of the country for the year 2013 in the specified sum of two hundred and three billion euros (203,000,000,000.00). However, the extension of  funds allocation in Euro-bonds sale and Finance Rescue Packages for the European Union member countries with difficult Saving Plan Packages, or mounting debt and budget deficit  may not guarantee the required unified financial and economic strength of the European Union countries for much stronger unified European Union currency the Euro, instead it has rescued the European Union countries integration from disintegration of some of the member countries from the Euro-zone for at least a decade.

                                                      Written by Professor Godfrey Ohia.
       

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