GREECE PRIME MINISTER REQUEST FOR MORE TIME TO MEET THE EUROPEAN CENTRAL BANK OBLIGATIONS MAY HAVE SECURED GREECE POSITION IN THE EUROZONE FOR THE NEXT FEW YEARS.

GREECE PRIME MINISTER REQUEST FOR MORE TIME TO MEET THE EUROPEAN CENTRAL BANK OBLIGATIONS MAY HAVE SECURED GREECE POSITION IN THE EUROZONE FOR THE NEXT FEW YEARS.

       Greece Prime Minister request for more time to meet the European Central Bank obligations and upgrade his country's credit line to the required credit line of the Euro-zone member countries in the brief televised interview during his visit to Germany may have secured Greece position in the Eurozone for the next few years. However, it remains unclear how Prime Minister Samaras would convince both the Parliament and the upper class wealthiest Greek citizens for new taxation policy that will tax the wealthy Greek citizens that had been exempted from taxation. Besides, the requirement for the new government to slash military spending and reduce the Greek military budget that has been referred to as the second huge military spending and budget of the Greek military second in place to the USA military budget and spending. However, less equipped and inadequately financed Greek military could mean an insecure defense of Greece anticipated future economic prospects within the Eurozone and the future of its disputed territory with Turkey in Cyprus.


                                                   Written by Professor Godfrey Ohia.