Sentence examples for breach the deficit from inspiring English sources

Some economists predict that Germany will breach the deficit ceiling in 2004 as well.

With their economies barely growing, analysts said, both are likely to breach the deficit cap again this year.

France this year will also breach the deficit ceiling, which is set at 3percentt of gross domestic product, while Italy and Portugal are skirting the edge.

That Portugal would breach the deficit limit had been expected, but the scale of the breach surprised and angered European Union officials, who chided the government in Lisbon for what they called incomplete and flawed economic data.

It is the first time the commission has applied its early warning procedure, which can ultimately lead to hefty fines for member states if they breach the deficit ceiling.

Germany, which is also expected to breach the deficit ceiling for the third time next year, rallied to France's defense in the meeting Monday night and the full meeting of all 15 European Union finance ministers on Tuesday morning, diplomats said.

There is no need for Germany to breach the deficit-spending limit to design a growth-friendly fiscal system.If Germany had entered monetary union with a dangerously high exchange rate, the first sector to suffer would have been exports.

All those that use the euro have gaily breached the deficit and debt limits.

In 2002, 2003 and 2004, even Germany and France breached the deficit rules, creating a dangerous precedent.

In reports on individual countries, the commission said Britain, Greece, Italy and the Netherlands also risk breaching the deficit ceiling, which is 3percentt of the gross domestic product.

Germany, which has breached the deficit cap for three consecutive years, said it could not risk having spending cuts choke off a recovery.