Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
That's when you want to run surpluses, if you ever do. But the ability to run deficits during the downturn has no relation to your ability or will to run surpluses during the upturn. Unless you constrain yourself with silly and arbitrary rules like a 60 % of GDP government debt ceiling.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Dec 14th, 2011 at 11:19:40 AM EST
[ Parent ]

Others have rated this comment as follows:

Migeru 4


Top Diaries

Occasional Series