Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: PaulM who wrote (10437)	4/22/1998 10:43:00 PM
From: Abner Hosmer	Respond to of 116763

BUNDESBANK'S JOCHIMSEN: EURO CENTRAL BANK RATE HIKE COULD CAUSE GRAVE BUDGET PROBLEMS economeister.com >>Using Belgium as an example, Jochimsen questioned whether the Belgian government's ability to maintain its primary budget surplus of 6% of GDP for as long as necessary to bring its debt down to 60% of GDP. The Belgian government's plan foresees bringing the debt down to 60% by 2012. (The Italian government has pledged it would keep its primary surplus at 5.5% of GDP and foresees bringing its debt down to 60% in 2016.) Jochimsen blasted the French EMU viewpoint as being from "a different world."<< Yes, Paul. The will cut their deficits to the agreed upon levels by 2012 and 2016. Hope they have another 1500 tons of gold to sell, they'll need it.