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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: The Wharf who wrote (22582)3/11/2005 5:33:09 AM
From: GUSTAVE JAEGER  Read Replies (1) of 81050
 
Re: These retain the key limits on national budget deficits to 3 percent of gross domestic product and a debt of no more than 60 percent of GDP, but say if nations exceed that level the EU would consider mitigating conditions before violators would face warnings and sanctions.

Extenuating circumstances the Commission should consider include a country's investment spending, structural reforms, research spending as well as "exceptional circumstances," such as natural disasters that trigger unforeseen public spending, according to the plan.


LOL! If you can't smooth out and hide the cracks in the "Euro Dam" (*) then... blame the dam's designer! Pretend that you didn't need such a big dam, after all!

(*) Message 21059156
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