THE EUROPEAN UNION FINANCE MINISTERS REACHED THE COMPROMISE THAT HAS BEEN GENERALLY REFERRED TO AS FAIR FOR ALL IN THE ALLOCATION OF THE FINANCE -----

THE EUROPEAN UNION FINANCE MINISTERS REACHED THE COMPROMISE THAT HAS BEEN GENERALLY REFERRED TO AS FAIR FOR ALL IN THE ALLOCATION OF THE FINANCE RESCUE PACKAGE TO GREECE.



The European Union Finance Ministers have reached the compromise on the allocation of the Finance Rescue Package to Greece in the sum of one hundred and thirty billion euros ($130,000,000,000.00) euros with the Greek Conservative Party. The Conservative Party stronger stand for the required political, financial and security stability in Greece for the projected brighter economic prospects in Greece may infact happen in the near future. However, the Greek government continued stronger stand along with its request for discipline and sacrifice of the citizens, particularly those in the category of low income earners would be required to meet and overcome the current financial, political and security challenges, specially the financial challenge that has been generally referred to as fair for all the sides on a three point five percent (3.5%) interest rate on all the allocated sums from various sides that entailed the one hundred and thirty billion euros ($130,000,000,000.00) euros from the European Union, the one hundred and seven billion ($107,000,000,000.00) euros from the Private Believers and the estimated two hundred billion euros ($200,000,000,000.00) euros which Greece will have to sacrifice in exemption over certain period of time which roughly means Greece will have to sustain annually an estimated amount of about seventeen point five billion euros ($17.5 billion euros) in debt, or in payment to both the European Union and the Private Believers after certain period of time making it a rather tougher financial challenge for Greece, despite the compromise reached by the Euro-zone finance experts.