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Even robust economies with strong budgets and ample reserves have been walloped by the capital crunch.
But many are facing the present danger in stronger shape than ever before, armed with large reserves, flexible currencies and strong budgets.
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The law will have to be matched with strong budget support to increase the numbers of federal and tribal officers.
And, with no huge enemy in sight and strong budget constraints, President Clinton will not be increasing the defence budget this year either.
And many have strong budget positions, leaving room for fiscal loosening to offset weakening exports.American policymakers also have tools to cushion if not forestall the downturn.
Mr DeSeve also oversaw the fiscal reforms of the District of Columbia that led to its return to investment grade ratings with strong budget and cash surpluses.
The slowdown in global economic activity has tipped Norway into recession, despite the country's deep oil reserves and strong budget position.
Mr. Bolten, they said, could emerge as an unusually strong budget director because of his previous White House experience and close ties to the president.
All these approaches must allow France to guarantee its independence and its capacity for action in a new world and at a time when we are facing strong budget constraints.
The largest European association of farmers and cooperatives, Copa-Cogeca, quickly celebrated the stand of Mr. Ciolos, who among farming groups is expected to move closer to the position of France, a top beneficiary, which is pressing for a strong budget.
The Commission's view is that the EU credit rating should be essentially assessed on its own merits, due to the special Treaty based status of the EU budget (without deficit or debt), the very strong budget revenues from EU Own Resources and the Treaty obligation from the 28 Member States to always balance the EU Budget.
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