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Politics : The Castle -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (237)11/10/2002 10:10:42 PM
From: TimF  Read Replies (1) | Respond to of 7936
 
If I remember correctly, the EU requirement was that debt should not exceed more than 3% of the GDP. If I am right, the US would not make the cut.

The limit on deficits not national debt is 3%. If you apply the 3% standard to the national debt then none of the EU countries can meet the standard.

Tim