EUROPEAN UNION STRICT FINANCIAL REGULATION AND THE REGULATED PUNISHMENT BY FINES REMAINED CONTROVERSIAL AND MAY CAUSE A SPLIT AMONG THE SIXTEEN EUROPEAN UNION MEMBER NATIONS.

European Union strict financial regulations aimed at the creation of more stable European Union currency which its violation may result in immediate penalties by fines in much sums of money withdrawal from the European Union member nation financial package account estimated in billion of euros has remained controversial and may cause a split amongst the sixteen European Union member nations. France has been one of the European Union member nations that has remained firm on its rejection against the punishment by fines for the failure of any member nation to make payment of loans, or the required deficit reduction on time, despite the Union's clear goals aimed at the financial stability of all the sixteen member nations in addition to the upgrade in both the economy and the living standards of the member nations to the required high standards by strict financial regulations.


Written by Godfrey Ohia.