Monday, October 3, 2011
EUROPE'S MEDIA HIGHLIGHT OF THE WEEK REMAINS GREECE COUNT-DOWN TO TOTAL COLLAPSE IN TO BANKRUPTCY.
Europe's media highlight of the week that became more politicized as the power struggle tool, than the unprecedented financial and economic down-trend, due to global recession and the European Union Austerity measures remains Greece count-down for the predicted financial and economic collapse in to total bankruptcy with the foreseeable and unforeseeable consequences that may follow after, if other sources such as the wealthiest private Enterprises in Greece and else where also known as the Private Sectors Believers fail to gather enough funds for Greece to meet the requirements of the European Union bank and qualify for further allocation of the financial rescue package that has been estimated in the sum of of eight billion euros ($8.000.000.000.00) euros. The count down that may last for a fourthnight to the collapse of Greece in to total bankruptcy contradicts the European Union policies on euro crisis, debt burden , budget deficit reduction of the member nations and the general emergency protection policies of the European Union growing economy as the world's emerging dominant economic market, particularly on countries such as Greece that has been regarded as Germany's future major rival and other European Union countries in terms of domestic competitiveness and economic growth.
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