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Bulgaria is in demand Budget wintersports resorts have had a hard time recently.
He stressed that he would "absolutely" demand budget cuts to offset federal assistance.
The other argument derives from a seemingly myopic conflation of the short and the long term: worried about the scary rise of Social Security and Medicare spending in future decades, voters demand budget cuts now.
And in conditions of inadequate demand, budget cuts cause a more than proportionate reduction in the GDP — in technical terms the so-called fiscal multiplier is greater than one.
The Family and Childcare Trust surveyed councils across the country and found they are struggling to meet needs amid a background of growing demand, budget cuts and recruitment difficulties.
The conflict continued ahead of a likely decision by all 27 EU finance ministers, including the British chancellor, George Osborne, on Tuesday to approve new powers for Brussels to monitor fiscal policy within eurozone countries – and demand budget changes, in an unprecedented erosion of national sovereignty.
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Unions have been one obstacle: leaders want a say in who is to be sacked, and members demand budget-busting pay-offs.
Even as the German government demanded budget cuts in Greece, officials also insisted that that struggling European partner honor its military contracts.
Varoufakis has long criticised Europe's handling of the economic crisis, attacking the conservative economic orthodoxy that demands budget rigour and market-friendly structural reforms.
With the so-called troika of lenders — the European Union, the European Central Bank and the International Monetary Fund — demanding budget savings of $15 billion by the end of June, the issue seems likely to come to a head soon.
Accusations of treachery, mostly aimed by poorer nations at Germany for demanding budget cuts and other painful steps in return for help, have become a regular feature of Europe's three-year-old debt crisis.
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CEO of Professional Science Editing for Scientists @ prosciediting.com