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Gilt yields were in deflation-worry territory even before the government announced consolidation plans.
"It is important that governments adhere to the consolidation plans they announced," he said.
He was not impressed by the government's new fiscal consolidation plans.
"Current information points to uneven developments in countries' adherence to the agreed fiscal consolidation plans," he said.
Don't fiscal consolidation plans need to put the pain up front to persuade investors that they're serious?
If this were done after the countries had enacted specific, backloaded consolidation plans, the risk to the central bank would be manageable.
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Before deciding on a debt consolidation plan, consider the important facts below: While consolidating your debt can lower your monthly payments, it does not change the overall balance of your debt.
The authority plans to hire a consultant to come up with a consolidation plan.
The Liberal Democrats have endorsed the Treasury's overall fiscal consolidation plan.
The consolidation plan was eventually overturned by a federal judge, who said it was not justified.
France has implemented a fiscal consolidation plan; Italy's cabinet approved one on June 30th.
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