"Individual countries need to demonstrate beyond doubt that they have credible plans to deal with excessive deficits, improve competitiveness and strengthen banking systems," he said in an editorial in the Telegraph.
In the latest downgrade, Moody's last week took away France's prized AAA rating, citing the country's loss of competitiveness and excessive regulation.
Is it that Elliott (along with his colleague Bill Emmott, it seems) seriously believes that there will sooner or later be no eurozone for the UK to join because the Italians, Greeks, Spanish and Irish will be forced to address their lack of competitiveness and excessive indebtedness by restoring their old currencies?
Gift-giving, for example, is a lovely tradition but can become extravagant and excessive, creating inter-personal competitiveness and financial stress.
"If the government wishes to evolve the safeguard over time into a major driver of abatement, that will be complex and need deep consultation, particularly on dealing with trade competitiveness issues and avoiding excessive administration and compliance costs".
Was the abandonment of the carbon tax justified after its rejection by the majority of the stakeholders on the grounds that it would undermine their competitiveness and impose an excessive tax burden on the sector?
A greater effort must be made to decrease competitiveness, and to fight excessive self-demands through discussion groups, mentoring, psychological and pedagogical support.
Excessive debts must be paid down and competitiveness increased through reforms and investment for the future in education, research and technology.
In terms of the average welfare criteria studied in Section 2 above, for countries that need to improve international competitiveness and repay ex-post excessive debt it would be optimal to forego some security, and increase productivity.
As the efforts to promote renewable energy generation are enhanced in Scenarios 6 and 7, the excessive feed-in-tariff will greatly enhance the competitiveness of renewable energy generators, which will cut the market share of fossil fuel-based generators.
