THE GERMAN PARLIAMENT CONCLUDED THE DEBATE FOR THE NEXT YEAR BUDGET 2012.

The German Parliament the Budestag concluded the debate for the the next year' budget 2012 with the allocated sum of 306 billion euros ($306,000,000,000.00 euros), despite its plan for the debt and budget reduction policy intended to eliminate the the German debt and deficit in a bout fifteen years. The debt has sank to the amount of 27 billion. However, other reduction as the the defense budget for the reformed Budeswehr has remained at the a mount of 36.6 billion euros, despite the country's spending cuts policy as the European Union financial rescue packages taxes have not been included in the country's budget, finance and tax policies. The German finance minister has further warned the Greek government about the required commitment to the European bank policies for Greece to qualify for further financial recue package .