RedCafe.net

The Leading Manchester United Forum

Member's Login

Not yet a member? Register now

Go Back   RedCafe.net > General Discussion > Current Events

FAO Hungarian caftards


Reply
Page 2 of 2 1 2
 
Thread Tools
Old 18th January 2012, 06:15   #41 (permalink)
First Team Sub
 
Join Date: Dec 2006
Location: I’m looking for a sacrificial lamb
Posts: 7,542
No, not at all. But I dont think were worse off than the average EU countries.
cinc is online now   Reply With Quote
Old 18th January 2012, 09:51   #42 (permalink)
Paz's ion
 
Join Date: Oct 2001
Location: Walking in a whisky wonderland.
Posts: 24,186
Quote:
Originally Posted by cinc View Post
The EU strong involvement is strange - eg. Hungary is under an "excessive budget deficit" review, when actually the budget deficit isnt even among the higher ones in the EU
It's because you're supposed to be joining the euro at some point. If it doesn't collapse before you get there, you need to have a low budget deficit to get in.
spinoza is offline   Reply With Quote
Old 18th January 2012, 10:04   #43 (permalink)
First Team Sub
 
Join Date: Dec 2006
Location: I’m looking for a sacrificial lamb
Posts: 7,542
Quote:
Originally Posted by spinoza View Post
It's because you're supposed to be joining the euro at some point. If it doesn't collapse before you get there, you need to have a low budget deficit to get in.
Hungary had a 3.5% deficit in 2011, it was one of the lowest in the Union. 3% is the goal in the EU for 2015.
cinc is online now   Reply With Quote
Old 18th January 2012, 10:09   #44 (permalink)
Paz's ion
 
Join Date: Oct 2001
Location: Walking in a whisky wonderland.
Posts: 24,186
Quote:
Originally Posted by cinc View Post
Hungary had a 3.5% deficit in 2011, it was one of the lowest in the Union. 3% is the goal in the EU for 2015.
Agreed, but you're not at 3%, while the rule seems to be once you get into the euro, you run as large a deficit as you wish. Few large eurozone members will get to 3% in 2015.

Stupid, I know.
spinoza is offline   Reply With Quote
Old 18th January 2012, 10:23   #45 (permalink)
First Team Sub
 
Join Date: Dec 2006
Location: I’m looking for a sacrificial lamb
Posts: 7,542
Quote:
Originally Posted by spinoza View Post
Agreed, but you're not at 3%, while the rule seems to be once you get into the euro, you run as large a deficit as you wish. Few large eurozone members will get to 3% in 2015.

Stupid, I know.
Well, we dont expect to be in the eurozone till 2020, so we have quite a lot time to get under 3.0%. (This year will do that actually).

And we would have in 2011 too if the forint wouldnt have been under speculative attacks all year.
cinc is online now   Reply With Quote
Reply
Page 2 of 2 1 2

« Previous Thread | Next Thread »
Thread Tools

 


All times are GMT +1. The time now is 13:47.

Back to top


Search Engine Optimization by vBSEO