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Gold/Mining/Energy : GOLD-XAU

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To: IngotWeTrust who wrote (1044)1/7/1998 2:33:00 AM
From: Richnorth  Read Replies (1) of 1756
 
That European Bird is unlikely to fly!!!

Germany will miss budget deficit target

Germany, which has pressed for stringent criteria to join Europe's common
currency, will itself miss the budget deficit target for 1997, an economic
research institute calculates. Though European governments are talking about
the euro currency as a sure thing, the numbers are a new sign of how record
unemployment and budget woes are forcing Germany into an embarrassing
struggle to make the grade. To qualify for participation in the euro next year,
European Union members must keep their 1997 budget deficits within 3% of
their gross domestic product. (USA Today)
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