EUROZONE FINANCE MINISTERS CONVENED IN THE EUROPEAN UNION PARLIAMENT IN BRUSSELS FOR THE DISCUSSION OF FURTHER ALLOCATION OF FINANCE RESCUE PACKAGES FOR ATHENS AS PREVIOUSLY SPECIFIED BY THE IMF AND THE EUROPEAN CENTRAL BANK (ECB).

      Eurozone Finance Ministers convened in the European Union Parliament in Brussels since Yesterday for the discussion of further allocation of European Union Finance Rescue Packages that have been approved by the World's major finance Institutions the European Central Bank and the International Monetary Fund (IMF) on conditions that Greece should meet all the requirements set by the major finance Institutions in order for the finance packages to constantly flow to Greece capital Athens. Few of the mentioned condition that have been required of Greece entailed Greece seriousness with its Saving Plan Packages. Repayment of debt owed by Greece to the major finance Institutions within the specified limited time period which Greece has frequently violated, due to increasing financial difficulties and limited cash flow in Athens caused by the European Union Austerity Measures which has been implemented in Greece by the European Union Government and the series of governments in Athens with the intention for the upgrade of Greece credit line to the required standard specified by the European Central Bank and the IMF. Besides, the demand for higher efficiency being placed on citizens by Greece Saving Plan Packages and increased taxation intended for higher production capacity and financial freedom, instead of the unexpected and rather surprising results, or outcome of the initial phase of the European Union Austerity Measures in political up-heaval with series of changes of governments in Athens. In addition to bankruptcy, domestic currency further devaluation, financial difficulties and limited cash flow from the major and minor banks in Greece to the domestic citizens with the exception of the domestic travelers to foreign countries. The extended session of the meeting of the Eurozone Finance Minister held in the European Union Parliament in Brussels has also been focused on the release of the remaining one hundred and twenty billion Euros for Greece at an installment from the three hundred and sixty billion Euros that has been approved by the World's major finance Institutions, specially the IMF and the European Central Bank (ECB) of which Greece has so far cashed two hundred and forty billion Euros within the shortest time period. Few Eurozone Finance Ministers have expressed themselves rather impartially for further allocation of the Finance Rescue Packages because Greece has done so much for its financial recovery, financial freedom and future better economic prospects as Greece has repeatedly survived political uprising financial collapse and economic downtrend with the exit of Greece from the European Union Membership.

                                                Written by Professor Godfrey Ohia.

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