Tuesday, March 17, 2015

HIGHER DEMANDS BEING PLACED ON GREECE MONETARY POLICY BY THE EUROPEAN UNION FINANCE INSTITUTIONS AND THE IMF MAY HURT GREECE FINANCE SAVING PLAN PACKAGES WITH THE ABILITY TO PAY ITS DEBT WITHIN THE LIMITED GIVEN TIME PERIOD.

     Higher demands being placed on Greece Monetary Policy by the European Union Finance Institutions, the European Union Austerity Measures and the International Finance Institutions as the International Monetary Fund (IMF), the European Central Bank and Eurozone Finance Ministers intended for better efficiency on Greece financial performance that may further upgrade Greece credit line for more financial freedom and brighter economic prospects has obliged Greece to comply with the initial payment of the sum of five hundred and sixty million euros of the six point eight five billion euros it owed the Finance Institutions, specially the IMF, before inclusion of Greece share of sixty billion euros in credit of the allocated six hundred billion euros in Eurobonds sale by the European Central Bank which certainly will derail Greece effective payment of its debt within the limited time period and hurt Greece current Finance Saving Plan Packages along with the allocated Eurozone Finance Rescue Packages of which Germany has contributed much of the allocated Eurozone Finance  Packages. However, Eurozone Finance Ministers, particularly Germany's Finance Minister Dr. Wofgang Schauble has indicated that Greece finance experts have not been smart enough to deal with its current financial problems, or the difficulties in solving these problems. Over two hundred and fourty billion euros has been paid to Greece in Finance Packages since the year 2010 in addition to six hundred billion euros allocated in eurobonds sale for the Eurozone countries that have been affected by the European Austerity Measures.

                                               Written by Professor Godfrey Ohia.

Paypal account details : Name Professor Godfrey Ohia
E-mail address : ohiaprofessorgodfrey90@gmail.com
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