Thursday, April 18, 2013

THE GERMAN PARLIAMENT HAS FINALLY VOTED FOR THE REQUIRED COMPROMISE ON GERMANY'S INVOLVEMENT WITH ITS USUAL LIONSHARE CONTRIBUTIONS TO THE EUROPEAN UNION FINANCE RESCUE PACKAGES FOR CYPRUS.

THE GERMAN PARLIAMENT HAS FINALLY VOTED FOR THE REQUIRED COMPROMISE ON GERMANY'S INVOLVEMENT WITH ITS USUAL LIONSHARE CONTRIBUTIONS TO THE EUROPEAN UNION FINANCE RESCUE PACKAGES FOR CYPRUS.

         The German Parliament, the Bundestag finally reached the required compromise on the European Union Finance Rescue Package for Cyprus in the early morning sessions that ended with overwhelming votes for Germany's finance system usual involvement in the European Union Finance Rescue Packages with lionshare contributions, inspite of the previous disagreement between the cabinet and the finance advisors on the allocated amount of ten billion euros for Cyprus bank sector that may further, or continuously require financial reinforcement of the European Union Finance Assistance Packages, due to the current structure of the bank sector in Cyprus that requires immediate restructuring of possibly the bank sector and the finance system to prevent future financial crisis in Europe's most favorite investment country which its interest rates, taxes and additional bank fees have continued to increase to the investors worries.

                                               Written by Professor Godfrey Ohia.

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