This happened despite the fact that the fiscal headwinds, structural impediments, unemployment numbers, fragility of the banking system and credit contraction (partly because of the ECB's own asset-quality review) were worse in the euro zone.
In fairness, there are real logistical impediments to fiscal transparency at the DOD, but still, a law passed by Congress in 1990 that requires an annual audit of the military has never even come close to being implemented, leaving the Pentagon as the only federal agency that's never had to fully open its books.
Dan Greenhaus, chief strategist at the trader BTIG, said: "They increasingly view fiscal policy as an impediment to what they've been trying to accomplish and today's statement is an outright affirmation of that view.
Public health data systems are widely distributed and growing in number, and there are fiscal, cultural, social and political impediments to data sharing.
At the leaders' dinner on Thursday, Mr. Obama acknowledged that the Fed's monetary policy offered the most promising course of speeding the American recovery, given the political impediments to any additional fiscal stimulus measures, according to Mr. Barroso.
And long-term threats to fiscal health, such as the demands of an ageing population or structural impediments to the economy, can get ignored in the process.In Japan, for instance, attempts to jump-start the economy through heavy deficit-spending have fallen flat.
It remains an impediment to putting the country back on a path of fiscal sanity, one that will lead to an economic resurgence and better well-being for all of us.
This article discusses the demographic, fiscal, and health policy implications of our aging society with particular emphasis on existing and anticipated impediments to the delivery of cardiovascular care to this rapidly expanding segment of our population.
Much of the hearing focused on fiscal policy as Mr. Bernanke renewed his warning that short-term spending cuts have become a major impediment to faster growth.
In an era of fiscal constraints and declining federal aid, however, the lack of financing for new ideas is often an impediment to action.
[Thus, ironically, the] pending "harsh" fiscal contraction measures were not some gratuitous roadblock that had been erected by enemies or aliens; that is, arbitrary impediments to the American economy's divine right to permanent prosperity, even if borrowed.
