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What was the deficit limit of the previous fiscal pact?

Or am I not allowed to ask that question?

by Upstate NY on Fri Mar 2nd, 2012 at 05:52:51 PM EST
[ Parent ]
Are you referring to the Maastricht 3% ?

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Fri Mar 2nd, 2012 at 05:55:23 PM EST
[ Parent ]
Yes, I'm just making stupid jokes. I find it ironic that Germany blew through the Maastricht ceiling and on the day that countries are signing a new pact, some countries (the Netherlands and Spain) are asking for derogations upward.

In fact, to test the viability of this new pact, everyone should instantly adhere to the letter of the law, or otherwise admit there is a defect in the pact.

by Upstate NY on Fri Mar 2nd, 2012 at 06:05:08 PM EST
[ Parent ]


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