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One of those is a guarantee of fiscal responsibility.
Proposition 30 win is no guarantee of fiscal security for California.
ALSO: California may go forward without a financial reserve California tax revenue yields multibillion-dollar surplus Proposition 30 win no is guarantee of fiscal safety for California [email protected]@latimes.com
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This will all guarantee another round of fiscal bickering, probably to coincide with the end of the calendar year.
Germany, Mr. Pisani-Ferry argues, will be prepared to share the benefits of its low borrowing costs and high credit rating with its euro zone partners only if it receives guarantees of better fiscal behavior, especially from France.
But he said imposing "retentions" of up to 10percentt on exporters was necessary to guarantee the "fiscal solvency" of the government, which is struggling to end a four-year recession after defaulting on most of its $141 billion in public debt in December.
This means, however, that the degree of fiscal control necessary to underpin collective guarantees is no longer achievable within the context of national sovereignty via contractually agreed rules.
"We tried to achieve a proper balance of fiscal responsibility and reasonable expenditures that will guarantee access to high quality care," said Mr. Hackbarth, who was a federal health official under President Ronald Reagan.
For a long time the German government balked at a bailout for Greece without guarantees of more regulated fiscal policies throughout the EU.
An administration willing to comply with fiscal rules could not guarantee that future governments would do the same.Even so, some elements of fiscal policy could be hived off to technocrats.
It reached again for the magic switch of fiscal and monetary policies, choosing to save the banks through cash, guarantees and programs.
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