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Showing 1 - 9 of 9 results for "Maastricht Treaty"

Chief economist update: The cure for Italy's tourism problem

BENJAMIN ONG  |  WEDNESDAY, 11 MAR 2020
... was worried that Italy's big spending promises would put its budget deficit to GDP ratio in breach of the Maastricht Treaty that limits the ratio of member Eurozone countries to 3% of GDP. Italy's already in breach of 60% debt to GDP ratio limit ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
... protection, over and above debt limits enshrined in the constitution". Germany would still be subject to the Maastricht Treaty though - but this is more lenient. "Under the European Union's fiscal rules, countries can run a deficit of up to 1% of ...

Mocking Maastricht

BENJAMIN ONG  |  WEDNESDAY, 3 JUN 2015
... of this magnitude certainly make a mockery of one of the underpinnings that glue the eurozone together - the Maastricht Treaty that limits member states' debt to 60% of GDP and deficits to 3.0% of GDP. Greece's deficit remains above that although it ...

China heading for debt disaster, sure sure

BENJAMIN ONG  |  TUESDAY, 14 JAN 2014
... GDP, which is below the 60 per cent threshold set by the European Union for admitting new members under the Maastricht Treaty." Good onya Peter for not letting the facts get in the way of a good story. Speaking of the Maastricht Treaty, government debt ...

Public pension liabilities add to eurozone debt woes

MARK SMITH  |  FRIDAY, 25 JAN 2013
... funding needs of member countries, according to new research by the EDHEC-Risk Institute. The institute says that Maastricht treaty debt-to-GDP targets are too simplistic given the variety in size and reach of each member's pension systems. As structural ...

More of the same

BENJAMIN ONG  |  FRIDAY, 18 NOV 2011
... becoming the lender of last resort. Germany can talk! Didn't they, themselves, bend their contract with the Maastricht Treaty requiring Eurozone members not to have a budget deficit greater than 3% of GDP? On Economist Intelligence Unit (EIU) data, only ...

European authorities will blink

BENJAMIN ONG  |  TUESDAY, 21 JUN 2011
... cost. As my report yesterday showed, Greece was allowed to join the Eurozone despite failing the terms of the Maastricht Treaty (the growth and stability pact that governs euro entry). The Maastricht criteria mandated that Eurozone member countries must ...

Liar

BENJAMIN ONG  |  FRIDAY, 23 APR 2010
... to 8.7 per cent of GDP this year and promised more austerity measures to bring the deficit back to within the Maastricht Treaty limit of 3 per cent. Promises, promises. Given last night's trading activity, it's clear that financial markets aren't going ...

Trichet to the rescue

BENJAMIN ONG  |  WEDNESDAY, 10 FEB 2010
... member country must adhere to came with the formation of the Eurozone 11 years ago. Let's take a look at one. The Maastricht Treaty, which led to the creation of the euro, set a budget deficit ceiling of no more than 3 per cent of GDP. But what's the ...
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