Posts Tagged ‘fiscal pact’

  • Forex Market Commentaries - European Fiscal Pact Endorsed

    How To Fiscal Your Compact, Or Compact Your Fiscal..Or Something

    Jan 31, 12 • 5196 Views • Market Commentaries • Comments Off on How To Fiscal Your Compact, Or Compact Your Fiscal..Or Something

    Twenty five European countries have finally endorsed the fiscal pact. They’ve agreed to enshrine balanced budget legislation into their national law, with annual structural deficits capped at 0.5% of GDP. Transgressors face penalties of 0.1% of GDP,...

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