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Exact(28)
Their supporters are expecting them to cut profligate government spending.
Spain's current debt problems are not the result of profligate government spending during the boom years.
"So save some more money elsewhere, O profligate government!" the bosses cry back.
The financial system is geared towards helping the profligate government borrow cheaply at the expense of savers.
He plans to stand on a platform of fiscal rigour, to redress what he sees as profligate government spending.
Meanwhile, such profligate government spending tends to crowd out more efficient private money, and to make consumers cautious.
Similar(32)
Profligate governments, mostly in southern Europe, must become more prudent.
Indeed, there were worries that this liquidity splurge could encourage profligate governments to relax.
Profligate governments, from Argentina and Mexico to South Korea and Thailand, were swiftly punished with capital flight for their transgressions.
But it needs to concentrate on institutional ways of disciplining profligate governments, rather than starving the rescue package of funds.
The slack old days, when profligate governments could be surprised by huge budget deficits, must be banished.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com