THE EUROPEAN UNION SUMMIT FOR POSSIBLE EXIT FROM THE EURO CRISIS.

THE EUROPEAN UNION SUMMIT FOR POSSIBLE EXIT FROM THE EURO CRISIS.

        The European Union leaders convened early morning today in the capital Brussel to discuss possible solution for the exit from the current euro crisis, the debt crisis of the member countries and the budget deficit. The Summit that has been expected to determine the European Union brighter future financial and economic prospects may be rescheduled for further extension, if agreement has not been reached on the possible and better solution for the exit out of the current crisis on both the European Union currency the Euro and the mounting debt of the financially and economically weaker member countries. However, Germany's upper and lower house the Bundesrat and the Bundestag voted unanimously against any suggestion for unification, or the generalization of the European Union debt as they concluded the voting on the annual budget for the year 2013 that emphasized the government's intention to pay its debt and reduce the budget deficit by the year 2016.


                                                        Written by Professor Godfrey Ohia.