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Much of the deficit may be structural but there's a reason it's still there. Are you suggesting the slaughter of a few sacred cows? Know of any which might be electorally very palatable in Germany or in France?

On the other hand, it is true that the GSP is restrictive of necessary investments. 3% is hardly sufficient for the tasks at hand, one of which is full EU integration (and not just economic, but social as well) which, in the long run, should spur growth throughtout the Community. And suggesting that politically less than feasible budgetary choices are the only way to make room for such investments is to my mind not responsible. I would imagine there might be creative ways to make funding available in a fashion which would be growth-accountable rather than the classic mountain of butter and sea of olive oil scenarios.

I'd counsel pursuing growth first, then go after sacred cows. People tend not to notice a cow or two gone missing when the total number of cows is growing for everyone.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Fri Jun 23rd, 2006 at 12:00:00 PM EST
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