Tuesday, November 19, 2013

THE EUROPEAN UNION PARLIAMENT CONCLUDED ITS PREVIOUSLY CONTROVERSIAL DEBATE ON BUDGET ALLOCATION WITH EASE IN THE FINAL SESSION OF THE DEBATE.

THE EUROPEAN UNION PARLIAMENT CONCLUDED ITS PREVIOUSLY CONTROVERSIAL DEBATE ON BUDGET ALLOCATION WITH EASE IN THE FINAL SESSION OF THE DEBATE.

       European Union Parliament concluded its debate on the previously controversial theme of budget allocation for the years 2014-2020 with ease in the final session of the debate. Nine hundred billion euros has been allocated as the required sum for the European Union government by the European Union Parliament, despite criticism against the budget allocation as being less than of the passed seven years. Nevertheless, details of how the budget may be financed by either the European Union government, or the individual member nations remains unknown and may not be revealed anytime sooner, or later. This strategy of silence and perhaps secrecy of the European Union Parliament in regard to the details of budget allocation may have attributed to the faster conclusion of the debate in the final session of the previously disputed theme of budget allocation in the European Parliament. Similar controversial and interesting themes that may be discussed in the European Union Parliament in the near future entailed high unemployment rate among the youth in the Eurozone, unified bank policy, readjustment of saving, or finance packages and the current solution to the immigration and refugees influx in the Eurozone countries.

                                               Written by Professor Godfrey Ohia.

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