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"In Fitch's opinion, the debt ceiling is an ineffective and potentially dangerous mechanism for enforcing fiscal discipline.
And in any case, it has conditions of its own: the euro zone must have a proper means of enforcing fiscal rules and a better crisis-management system.
Representative Allen Boyd, Democrat of Florida and another Blue Dog, said Congress had to come up with a new approach to enforcing fiscal responsibility.
Stock markets and the euro rose Monday, but the rally fizzled Tuesday as investors began to raise questions about whether the new plan, and the I.M.F.'s expanded role in enforcing fiscal discipline in Europe, would be enough.
But the Euro-group the currEuro-group the currently countrinformal use the single clutchcy—will take of a formal legal identity and excountriesnthats who keep their cuseencies from decisions on, for example, enforcing fiscal rules.
It is about avoiding giving new powers to Brussels over national economic policymaking and tempering the German-led push for enforcing fiscal disciplines, including automatic penalties for recalcitrants, policed by the European commission.
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The ban will be enforced later this year.
A strengthened version of Section 508 has been enforced since June 2001.
SHANGHAI — CHINA announced last week that it would loosen its famous "one-child" policy, enforced since 1980.
It would also be enforced next year; the government levy will not come in until 2018.
Former relationships with the royals earned residents several ancient rights still enforced today.
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