EUROPEAN UNION AUSTERITY MEASURES AND GREEK PARLIAMENT SAVING PLAN PACKAGE LEGISLATION WILL CONTINUE IN GREECE WITH THE CURRENT POSITIVE AND NEGATIVE SFFECT ON THE COUNTRY'S FINANCIAL AND ECONOMIC RECOVERY EFFORT.

     European Union Austerity Measures intended to strengthen Greece predicted financial and economic prospects for better credit line and upgraded standard of living of the citizens in Athens and the entire country of Greece will continue with its current positive and negative effect on the country's struggle for faster financial and economic recovery, despite the political upheavel in citizens demands for change of their government's monetary policy with regard to the financial and economic obligations of the European Union major finance Institutions in debt payment obligation that has caused bankruptcy and spread depression in the capital Athens and other major cities in Greece, particularly after the Greek Parliament in Athens successfully passed its second Saving Package legislation during the second session of Parliamentary debates on the financial crisis in Greece held Yesterday in the capital Athens that will further keep major finance Institutions and the domestic banks operational, despite the extended limitation in money withdrawals from the domestic banks that has been specified as the equivalent amount of the domestic and foreign currencies that should not exceed the sum of sixty euros. However, this Saving Package legislation that has immediately strengthened the values of the domestic currency the drachma with the euro and reduced inflation in Greece may further cause depression among citizens that have demanded much money withdrawals from their current, or saving accounts as a result this legislation may cause the ruling political party the Syriza its predicted election victory for the second term in office.

                                                   Written by Professor Godfrey Ohia.

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