Wednesday, March 3, 2010
EUROPEAN UNION BEAT-UP OF GREECE TO MEET EUROPEAN UNION MONETARY OBLIGATIONS.
European Union beat-up of Greece to meet European Union monetary obligations with discipline has revealed European Union bias towards member nations of non European origin.
Greece joined the European Union membership on the 1st of june in the year 2000 and the implemetation of the European currency the Euro as a single European Union currency occurred two years after on the first month of the year 2002.
However, Greece shortfall to meet European Union monetary obligations by a few percentage of the required target line of about (3%) three percent deficit compared to other European Union nations in the west and eastern Europe such as Italy and Belgium whose previous inflation rates and deficits exceeded the target line by a hundred percent (100%) points have not been obligated to meet the requiredment of a bail-out that might ease things for Greece,but certainly will add its deficit and debts to many folds than had previously been anticipated.
Written by Godfrey Ohia.
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