Friday, January 23, 2015

WORLD LEADERS CONVENED IN DAVOS SWITZERLAND FOR THE WORLD ECONOMIC FORUM AS PREVIOUSLY SCHEDULED.

WORLD LEADERS CONVENED IN DAVOS SWITZERLAND FOR THE WORLD ECONOMIC FORUM AS PREVIOUSLY SCHEDULED.

     World leaders convened in Davos Switzerland for the World Economic Forum as previously scheduled to discuss wide range current economic, financial and political issues that begun since Yesterday in extended sessions of debates intended for the sought of solutions to the World's current economic, financial and political problems. Chancellor Angela Merkel the Chancellor of the Democratic Republic of Germany emphasized the requirement for trade relation within the Eurozone and trade cooperation and expansion with the USA, particularly on the transatlantic and transpacific trade treaty abbreviated (TTIP). Other issues of concern that may be the main themes for discussion later in the day and in the next days entailed the European Central Bank significant duty of sale of Eurobonds, particularly of the financially recovering Eurozone countries to Eurozone banks and potential Investors that included foreign Investors at the sum of sixty billion euros per year for Eurozone banks at an unspecified interest rate and the minimum sum of five hundred million euros for individual Investors for the next ten years of Eurobonds sales. The war in East of Ukraine and sanction against Russia remained one of the frequent themes for discussion which has caused the Eurozone countries and particularly Germany the estimated sum of over seventy billion euros every year, due to the sanction against Russia. ISIS terror threats against Eurozone countries and Iranian nuclear ambition with claims of nuclear war heads and the atomic bomb possession remained Eurozone highlighted news during the Economic Forum held in Davos Switzerland.

                                                   Written by Professor Godfrey Ohia.

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