Tag Archives: euro-zone debt

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

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Let’s loot a store or two…

Instead of ranting about nobody seeing the raw facts and having the guts to talk about them, today I thought of writing about a few things going on and which are just a beginning…. The other day in Spain, two … Continue reading

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Are we getting anywhere near a solution?

Recent news about Greece’s and Spain’s refinancing problems and the idea going around of interest rate capping on the EURO-Zone Countries’ sovereign debt made me react, as it hopefully points out that what the solution could be is starting to … Continue reading

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