THE CONTROVERSY ON UNLIMITED SALES OF EUROBONDS TO QUALIFIED INVESTORS, FINANCE INSTITUTIONS AND COUNTRIES SEEMED TO HAVE OVERWHELMED THE DECISION MAKING PROCESS OF BOTH THE LEGISLATIVE AND JUDICIARY BRANCHES OF THE EUROPEAN SYSTEM OF GOVERNMENTS.

THE CONTROVERSY ON UNLIMITED SALES OF EUROBONDS TO QUALIFIED INVESTORS, FINANCE INSTITUTIONS AND COUNTRIES SEEMED TO HAVE OVERWHELMED THE DECISION MAKING PROCESS OF BOTH THE LEGISLATIVE AND JUDICIARY BRANCHES OF THE EUROPEAN SYSTEM OF GOVERNMENTS.

       The controversy on unlimited sales of Eurobonds to wealthier Investors, finance Institutions and countries around the World seemed to have overwhelmed the decision making process of both the legislative and Judiciary branches of the system of governments in Europe and particularly in Germany, despite the European Central Bank repeated readjustment of the allocated interest rate on the Eurobonds. Germany's Highest Court in Karlsruhe has remained indecisive on the required final decision on the unlimited sales of Eurobonds to the specified bodies which many people believed should be limited and forwarded the controversial financial and political issue to the European Union Parliament and the Highest Judiciary Branch of the European Union government. However, sales of the Eurobonds to qualified Investors, finance Institutions and countries have been made available on supervision of the European Union Central Bank (ECB) with limitation, particularly on the capital principal investment of qualified Investors, finance Institution and countries that have been limited to five hundred million euros, one billion euros and three hundred billion euros respectively.

                                               Written by Professor Godfrey Ohia.