Belgium,Hungary,Cyprus,Malta and Poland receive warnings from EU

[Grandluxe]

Belgium and four others face EU fines on deficits
Updated: 14:59, Thursday, 10 November 2011

Belgium was handed an urgent warning from Brussels today to get its public finances back on track and deliver a 2012 budget cutting its deficit by the middle of next month.

Econonic Affairs Commissioner Olli Rehn singled out Belgium along with Cyprus, Hungary, Malta and Poland as five EU states at risk of missing a previously agreed 2012 deadline to return their annual deficits to under 3% of GDP - a threshold enshrined in EU law.


The commission as of next month will be able to resort to a so-called "six-pack" of new laws to sanction Belgium if its incoming government fails to meet the targets.

http://www.rte.ie/news/2011/1110/eurozone-business.html

 

[morganist]

I predicted this in my book. You can read it on the below link. I used a long term average debt and standard deviation method.

This proves it works. It is on page 25 onwards. And the table is on page 91.

http://morganisteconomics.blogspot.com/p/publications.html

 

[macroman]

it feels like a f*ing moliere comedy.

lets be real: germans want to grab the POWER !

Watch for sudden brutal reversal of events.