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In those days, the IMF twisted their arms to make tough fiscal commitments they could not keep.
"Fiscal commitments would be strengthened by targeting a more ambitious path for implementation once the economic recovery is established.
The economic implosion is preventing the country from meeting its fiscal commitments by reducing tax revenue and increasing expenditures on automatic programs like unemployment insurance.
"We're not talking about imposing commissars on each Greek ministry as it's sometimes alleged in Athens, but ensuring that these fiscal commitments are met.
"What I believe our economic and monetary union needs is a new fiscal compact — a fundamental restatement of the fiscal rules together with the mutual fiscal commitments that euro area governments have made," he told the European Parliament on Thursday.
That intention was evident in the conference economic debate yesterday, in which ministers and party heavyweights repeatedly came to the microphone to oppose any attempt to scrap the coalition's fiscal commitments.
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"People don't know a lot about the town's fiscal commitment to this project," said Meg Francis, a member of the Board of Finance.
He said the budget funding for the policy pursued by the environment minister, Greg Hunt, was capped so "it cannot result in an unlimited amount of fiscal commitment".
It also makes it look ever more eccentric that the party's one hard fiscal commitment is an old pledge to cut inheritance tax.Another worry is that voters are not sure how much the Tories have really changed under Mr Cameron.
Schools Superintendent Joseph Townsley expected the tuition to the capitol region-run magnet schools to increase this year".I was concerned about the state keeping its fiscal commitment to the magnet, which they weren't able to do last year," he said.
To change the paradigm, we need an escalation of fiscal commitment equivalent to our response to the AIDS pandemic.
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