| Never has a straitjacket seemed so
ill-fitting or so insecure. The Euro area’s "stability and growth pact" was
supposed to stop irresponsible member states running excessive budget deficits,
defined as 3% of GDP or more. Chief among the restraints was the threat of large
fines if member governments breached the limit for three years in a row. For
some time now, no one has seriously believed those restraints would hold. In the
early hours of Tuesday November 25th, the Euro’s fiscal straitjacket finally
came apart at the seams. The pact’s fate was sealed over an extended dinner meeting of the Euro area’s 12 finance ministers. They chewed over the sorry fiscal record of the Euro’s two largest members, France and Germany. Both governments ran deficits of more than 3% of GDP last year and will do so again this year. Both expect to breach the limit for the thi A. the enforcement of Eurogroup’s prescriptions. B. the hypocrisy of some Euro’s members on deficit. C. the Euro’s dilemma in solving deficit problems. D. the implementation of Euro’s monetary policies. [单项选择]
Never has a straitjacket seemed so ill-fitting or so insecure. The Euro area’s "Stability and Growth Pact" was supposed to stop irresponsible member states running excessive budget deficits, defined as 3% of GDP or more. Chief among the restraints was the threat of large fines if member governments breached the limit for three years in a row. For some time now, no one has seriously believed those restraints would hold. In the early hours of Tuesday November 25th, the Euro’s fiscal straitjacket finally came apart at the seams. [单项选择]How has the man traveled
A. By train and plane. B. By ship and train. C. By plane and ship. 我来回答: 提交
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