Sentence examples for fiscal criteria from inspiring English sources
These also included fiscal criteria, notably ceilings for budget deficits of 3% of GDP and for public debt of 60%.
Official debt caps, such as the Maastricht fiscal criteria and the Stability and Growth Pact (SGP), failed because they were unenforceable.
As a result, some countries had to use creative accounting to satisfy the fiscal criteria for entry — Greece, it's long been known, went so far as to falsify its debt and deficit numbers.
Jean-Claude Trichet, the governor of the Bank of France, said the rate cut was carried out on the assumption that Governments would stick to the fiscal criteria laid out in the single currency plan, which include a limit on budget deficits of 3percentt of gross domestic product.
There is a summit of European leaders next week, and Greece must soon pass an austerity budget.The way it all beganWith hindsight, it was no surprise that the debt crisis started in Greece, which failed to join the euro area when it was set up in 1999 because it did not meet the economic or fiscal criteria for membership.
In the first quarter of the year, however, the deficit was at 80% of the maximum level permitted by the Maastricht fiscal criterion.
In December, manufacturing output slowed by 8% year on year, from 16% growth a month earlier.With a lower contribution from net exports, GDP growth will weaken in 2008; real wage growth will cool a little too, while budget spending will rise only moderately as the government strives to meet the Maastricht fiscal criterion.
Moreover, to enter the loan agreement, regional governments must meet certain fiscal health criteria; González Mazo told the journalists he was "deeply preoccupied" about the center's funding because the national Ministry of Economy and Finance might not allow Andalusia to take out the loan.
Because delay would be likely to lead to a relaxation of fiscal austerity, the criteria may not in fact turn out to be easier to meet in a couple of years' time.
New Europeans indeed.Despite these fiscal heroics, the Maastricht criteria remain daunting and distant.
These include meeting a set of minimum eligibility criteria on fiscal transparency, access to information, public disclosure about public officials and engagement with citizens.
