Exact(3)
And it took him years to find a credible medium of distribution, which is now available at the push of a button.
"We have to have a credible medium- to long-term plan to bring down the excess of spending over revenues, but politicians are usually not ones to make those tough decisions until they're forced to," he said.
Only a credible medium term adjustment program with broader aims than those of the current one can ensure the revival of investment and consumption in Greece in order to drag the economy out of the seven-year recession and contribute to its sustained recovery.
Similar(57)
First he must produce a credible medium-term fiscal plan.
That demands a credible medium-term plan to cut deficits.
He is guilty of having no credible medium-term plan to reduce the deficit.
But no rich country has laid out a credible, medium-term fiscal plan.
But as S&P notes, they have credible medium-term plans to bring it under control.
The two can be addressed simultaneously, by adopting a credible medium-term deficit-reduction plan of the sort that Britain's government has announced.
Sir Mervyn continued to back the Coalition's deficit-reduction strategy saying: "We have a credible medium-term fiscal plan, which many countries do not".
And promising, on the basis of those forecasts and plans, to prioritise a pledge not to increase taxes over any commitment to responsible fiscal and economic policy, is precisely the wrong way to formulate a credible medium-term economic strategy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com