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Germany's 2004 Budget Plan Breaches EU Deficit Limit
Bloomberg ^ | September 03 2003

Posted on 09/03/2003 10:10:43 AM PDT by knighthawk

Edited on 07/19/2004 2:11:49 PM PDT by Jim Robinson. [history]

Sept. 2 (Bloomberg) -- Germany's draft federal budget for next year incorporates new borrowing that already breaches a European Union rule limiting deficits to 3 percent of gross domestic product, a lawmaker said.

Finance Minister Hans Eichel plans to raise 28.8 billion euros ($31.3 billion) in new debt next year when a limit of 24 billion is necessary to keep the deficit below 3 percent of GDP, said Antje Hermenau, a Green Party lawmaker, citing talks with unnamed EU officials.


(Excerpt) Read more at quote.bloomberg.com ...


TOPICS: Business/Economy; Germany; News/Current Events
KEYWORDS: breaches; deficit; europeanunion; germany; limit

1 posted on 09/03/2003 10:10:44 AM PDT by knighthawk
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To: MizSterious; rebdov; Nix 2; green lantern; BeOSUser; Brad's Gramma; dreadme; Turk2; Squantos; ...
Europe-list

If people want on or off this list, please let me know.

2 posted on 09/03/2003 10:11:07 AM PDT by knighthawk (Full of power I'm spreading my wings, facing the storm that is gathering near)
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To: knighthawk
More German unilateralism. Acting with no consideration for the opinions of their allies.
3 posted on 09/03/2003 10:12:45 AM PDT by jalisco555 (Against stupidity the gods themselves contend in vain.)
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To: knighthawk
Germany risks infringing the EU's deficit limit a third year in 2004 as economic growth remains weak.

France is doing the same thing. I guess the EU rules don't apply to the Big Two.

4 posted on 09/03/2003 10:14:38 AM PDT by xJones
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To: knighthawk
Germany's 2004 Budget Plan Breaches EU Deficit Limit

I wonder if (R)nold will take notes from his EuroSocialists roots and see how easy deficit spending can be.

5 posted on 09/03/2003 10:17:58 AM PDT by PeoplesRep_of_LA (Stop Dividing the Republican base; vote McClintock on October 7, 2003!)
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To: knighthawk
The french and germans wrote the rules, so of course they don't apply to them.
6 posted on 09/03/2003 11:27:24 AM PDT by Humvee
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To: xJones
Rules are only for the untermenschen.
7 posted on 09/03/2003 11:29:14 AM PDT by dfwgator
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To: PeoplesRep_of_LA
Hey, most Americans have "EuroSocialist" roots, or whatever you meant, since most Americans are German Americans.

The fact is, Europe and the U.S. need to stick together so lets cut the B.S.
8 posted on 09/03/2003 12:29:12 PM PDT by Norse
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To: Norse
Too bad you don't understand what EuroSocialist means.

Failing that, don't lecture me, and don't give me this ol song and dance about detante either.

ps. Where in the wide world of government subsidies did you pull that most Americans are from Germans thing, source?
9 posted on 09/03/2003 12:34:59 PM PDT by PeoplesRep_of_LA (Stop Dividing the Republican base; vote McClintock on October 7, 2003!)
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To: PeoplesRep_of_LA
Sure i know what a EuroSocialist is.

And yes most Americans are of German ancestry, thats a fact. Why don't you look it up.
10 posted on 09/04/2003 9:50:57 AM PDT by Norse
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To: Norse
stick together???? we mix with the euro trash like water and oil..its time to break all ties with them! they picked the side their on now let them rot!
11 posted on 09/04/2003 9:54:15 AM PDT by rrrod
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To: Norse
Cuz I don't care about weird, irrelevant German nationalism.
12 posted on 09/04/2003 9:54:45 AM PDT by PeoplesRep_of_LA (Stop Dividing the Republican base; vote McClintock on October 7, 2003!)
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To: PeoplesRep_of_LA
I'm not talking about German nationalism
13 posted on 09/04/2003 10:27:54 AM PDT by Norse
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To: rrrod
Yeah. Let the British and Spanish and Polish and Hungarians rot. Or do you not like having them as allies?
14 posted on 09/04/2003 6:44:13 PM PDT by Prodigal Son
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