Tuesday, May 11, 2010

CRITICISM OF EUROPE ADOPTATION OF USA SPREADING BAD FINANCIAL CRISIS RESCUE PACKAGES.

European bank one trillion euro rescue package intended to revive ailing economies within the Euro-zone and strengthen the European Union currency the euro which its recent decline in value may have been attributed to the speculation that Germany practicality in providing a hundred twenty three billion euro bail out for Greece contributed to the decline of the currency that drew criticism on the media of Europe adoptation of the USA spreading bad financial crisis rescue packages that pumps billions of dollars in to failing economies without changes in financial strategies of the financially and economically ailing countries.
The required high demands being placed on promising economies for even more efficiency and competition with necessary accountability methods would be distorted and continuous financial crisis rescue packages would be required, but the whole lot of money flow would end-up in certain moguls pockets that would not be obligated to invest in countries with ailing economies.

Written by Godfrey Ohia.

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