Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
but there is a counter argument that a simple rule like "no more than 3%" is simpler to police (even if only through naming and shaming) and does have some basic logic (given expected gross growth rates, it avoids runaway debt most of the time).

And in that way it did work to a good extent - and thus fulfilled Juncker's claim of the "beginning" of some economic governance in the eurozone.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Feb 12th, 2010 at 03:39:19 PM EST
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