According to the authorities, unemployment in Libya stands at 40%, but the figure is meaningless in a country with a burgeoning private sector without fiscal status.
Lithuanian officials conceded two weeks ago that some republics and Government ministries were already talking of ending economic contracts because of the uncertain fiscal status of the breakaway republic.
So what exactly was the fiscal status of what one lawmaker called this "medieval anomaly" that had somehow morphed "into a modern business"?
In its present fiscal status, Social Security will not be there in its present form as it is for retirees today.
Meanwhile, the governing socialist party's legitimacy sunk to an all-time low following a leaked recording of prime minister Ferenc Gyurcsány recounting how the party had lied repeatedly about the country's fiscal status and potential.
It examines the practices and overspending that left Nassau in perilous economic straits and reduced its bond rating, and the policies that have kept Westchester's fiscal status robust.
He's restoring his state's fiscal status, and we feel that if he's successful governors across the country will basically do the same thing and reject Obama's tax-and-spend.
Yet no one saw the Greek or Italian sovereign debt crises coming because governments made their fiscal status look rosy by using new financial devices to swap their debts in one currency for another.
Moreover, the island's unique political and fiscal status made it easy prey for Wall Street: Its ability to issue triple-tax-exempt bonds and the fact that the territory was explicitly written out of the bankruptcy code made it a preferred site for U.S. speculation.
And while Spain's overall fiscal status is nowhere near as dire as Italy's, it has another problem all its own, as the new budget minister, Cristóbal Montoro, made clear Friday: serious budget shortfalls in its 17 autonomous regions, which have spent recklessly in the past decade.
