Thursday, September 29, 2016

CHAIRMAN OF EUROPEAN CENTRAL BANK CONVENED WITH LEADERS OF OTHER FINANCE INSTITUTIONS AND POLITICAL PARTIES IN THE PARLIAMENT FOR THE DISCUSSION OF WIDE RANGE CONTROVERSIAL FINANCE AND POLITICAL ISSUES THAT ENTAILED INTEREST RATES BUDGET SURPLUS AND TAX REDUCTION.



      The Chairman of Europe's major finance Institution the European Central Bank Mr. Draghi convened with leaders of other significant finance Institutions as the Finance Minister Wolfgang Schauble and the Coalition Government Political Parties leaders in the German Parliament Yesterday for the discussion of wide range controversial finance and political issues that entailed interest rates increase budget surplus and tax reduction with further details on the European Central Bank intention for interest rates increase, after it maintained for about one Year the decades lowest interest rates of all time at the critical moment of extended discussion on the controversial sales of Eurobonds through and by the European Central Bank that has allocated six hundred billion Euros to ease the sales of Eurobonds, particularly for the Eurozone Countries that have been directly, or indirectly affected, or hit hard by the European Union Austerity Measures, after the Central Bank specified the upgrade of each and every member country credit line to the required standard that has been specified by the Central Bank as required by the European Union Countries unified finance system which has been monitored by the World's major finance Institutions as the European Central Bank and the International Monetary Fund (IMF). Germany's Finance Minister Wolfgang Schauble has repeatedly expressed his approval of the fiscal Year performance as previously predicted by the plan for total elimination of Germany's budget deficit and debt until the Year two thousand and twenty five to thirty. However, Germany's major political parties, particularly the Christian Social Union Political Party (CSU) has criticized Germany's current better economic performance in surplus and demanded tax reduction for the citizens to ease them of the fifteen billion Euros tax burden in the current fiscal budget surplus.


                                                Written by Professor Godfrey Ohia.


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