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in 2013. Clearly, the Socialists have no intention of hitting the 3% target, as this is an absolutely unrealistic forecast they are pinning their budget to.

A big gamble, with a big press conference and P/R to go along with it, but one wonders what will be the next moves expected once it becomes clear that the 3% target will not in fact be reached.

It's a matter of months, at best, that this becomes clear, and then, Holland's gamble to punt the issue down the road will start showing whether ultimately it pays off or it does not.

I for one am pessimistic.

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

by r------ on Fri Sep 28th, 2012 at 07:58:39 AM EST
[ Parent ]
The game seems to be : OK we'll pretend to buy the Austerian lunacy that we can cut our way to growth. Then, when we've missed the 3% target because of the lack of growth, (and Spain etc likewise) then the Germans will be ready for some expansionary policies.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Fri Sep 28th, 2012 at 09:09:00 AM EST
[ Parent ]
That's a plan or a punt?
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Sep 28th, 2012 at 09:17:52 AM EST
[ Parent ]

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