Weather
Wednesday: Dry with sunny spells and rain towards evening. Max 8-10º. Similar Thursday
|
||||
| Home | | | Opinion | | | Features | | | International | | | In Dutch | | | Dictionary | | | What's On | | | Jobs | | | Housing | | | Expats | | | Blogs | | | Books |
|
Weather
Wednesday: Dry with sunny spells and rain towards evening. Max 8-10º. Similar Thursday
|
||||||||||||||||||||||||
|
||||||||||||||||||||||||
| ||||||||||||||||||||||||
|
EU reaches 'historic' budgetary pact: De JagerTuesday 24 January 2012 The eurozone’s 17 finance ministers have reached an ‘historic pact’ to improve monetary union budgetary discipline, Dutch finance minister Jan Kees de Jager said after a meeting on Monday evening. The deal, which includes a permanent emergency fund, will now be put to EU leaders at next week’s summit for final approval, De Jager said. The deal is possibly the ‘toughest budgetary pact in the world’, De Jager is quoted as saying by news agency ANP. Member states will have to ensure their national debt does not exceed 60% of GDP while budget deficits must remain below 3%. ‘Tough budgetary rules are essential,’ the minister told Nos radio. At the same meeting, ministers told Greece to continue negotiations with the banks about writing off Greek debt. The current proposal ‘is not good enough’ and will not lead to a sustainable Greek debt. ‘The banks must make greater sacrifices,’ De Jager said. The eurozone wants Greek private sector debt deal in days. © DutchNews.nl
'The banks must make greater sacrifices,’ De Jager said - Mr. de Jager, sir, the banks will make up any and all 'sacrifices' they might make by charging us, the customers, more!! Do you think we are stupid? This is on top of all the tax money going down there; most of which will probably not be re-paid. Not because Greece and the Greek people don't want to re-pay it - because they are simply not able to. When will this stop, when we are all broke and having problems?? This is a black hole of debt. And we haven't even started to understand the HUGE problems in Italy yet. By Bill | January 24, 2012 3:26 PM Complete nonsense. Budget discipline is irrelevant to the cause or the solution of this crisis, think of Spain and Ireland as an example. Sadly, as long as these clowns consider a purely monetary problem to be a fiscal one there is exactly zero probability of putting this crisis behind us. By 2mtm | January 25, 2012 9:24 PM |
| Newsletter | | | RSS | | | Advertising | | | Business services | | | Mobile | | | Friends | | | Contact | | | About us | | | Tell a Friend |
|
We have decided to decide what we decided before we decided to decide.
By Terence Hale | January 24, 2012 1:44 PM