The deficit game: Europe's currency
Article Abstract:
Several European countries have resorted to various one-time write offs and other tricks to bring their public-sector deficits to 3% of GDP by 1999, as required by the European Union for single currency. However, this type of creative bookkeeping and fiscal restraint could cause long-range problems.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1996
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Scrap the stability pact
Article Abstract:
Europe's stability and growth pact could undermine the economies of the euro-zone countries further if the predicted recession does arrive. Under the pact, euro-zone countries could be forced to reduce public spending or increase taxes if budget deficits rise above 3% of GDP.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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Eichel rocks (and rolls)
Article Abstract:
Recent comments by German finance minister Hans Eichel have focused attention on fiscal policy in the euro-zone countries. The euro areas's stability pact aims for fiscal prudence, but governments are now facing economic slowdown.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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