Tuesday, June 21, 2016

GREECE HOPE FOR FINANCIAL RECOVERY AND BRIGHTER ECONOMIC PROSPECTS HAS BEEN REKINDLED EARLY IN THE WEEK BY FURTHER ALLOCATION OF CASH FLOW IN TO GREECE BANK SYSTEM.



      Greece hope for financial recovery and brighter economic prospects within this decade has been rekindled early in the week, after lengthy Parliamentary debates of the European Union leaders and finance Ministers in the European Union Parliament in Brussels that began in the month of April in the Year two thousand and sixteen and ended early last week with the approval of further cash flow for the government in Athens in the amount of seven point five billion Euros as part of the European Union Finance Rescue Package that has been approved by the European Union leaders the European Union Finance Ministers and by the World's two major finance Institutions the International Monetary Fund (IMF) and European Central Bank (ECB), despite frequent Greek citizens civil indiscipline by protest demonstration and strike against both the European Union Austerity Measures and their government's Saving Plan Packages that have been intended to upgrade Greece credit line for more financial freedom and better economic prospects in Greece by the current higher demand for efficiency and higher production capacity being placed on the government in Greece with the citizens in the capital city Athens and other neighboring cities and towns to the capital city of Greece.
Besides, the government's Saving Plan Packages in increased taxation policy and extended cuts in pension and other government's services that may keep less money in the pockets of the hard working citizens in Greece, but at the same time reduce the government's huge debt burden that has affected both the country's cash flow in the domestic and foreign banks within Greece and the country's annual budget deficit with the increasing debt that has continued to hound the government in the Greek capital city Athens. However, other significant aspects of the European Union Austerity Measures has been obvious in the improved, or upgraded standards of services and the standards of living of citizens within the capital Athens and in the other cities and towns of Greece, despite the less and declining cash flow in the banks and finance Institutions in Greece capital Athens that requires frequent pumping of cash flow in to the bank system of Athens that has been unified with the European Union Finance System headed and guided by the European Central Bank (ECB) which unfortunately has reduced its interest rate to the lowest level in decades and increased the Initial Principle Investment Capital for the Euro-bonds Investors to the minimum amount of half a million Euros and over.


                                                Written by Professor Godfrey Ohia.


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