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Daily Archives: October 4, 2012
Where does the 3% of GDP limit come from?
Somehow, I thought that the budgetary-deficit limit in the Maastricht Treaty governing the Euro-Zone membership criteria had some kind of economic logic behind it. Well, guess what, it doesn’t! Members of the Euro-Zone are to limit their annual budgetary deficit … Continue reading
Posted in Economic Realities
Tagged Budget deficit, EU debt, EURO Crisis, euro-zone debt, Future is doomed, truth EURO
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