Business Services Industry
OPINION: European Union Stability Pact's Demise May Haunt Future Negotiations.
Knight Ridder/Tribune Business News, May, 2004
Bangkok Post, Thailand Knight Ridder/Tribune Business News
May 11--Murdered when France and Germany refused to abide by its rules, the Stability Pact's ghost is haunting Europe, particularly the post-communist countries that joined the European Union on May 1. By breaking the Pact's ban on fiscal deficits exceeding 3 percent of GDP, France and Germany undermined this limit as a key criterion for determining whether countries are ready for eurozone membership. Would denial of admission to the eurozone because a country fails to fulfil rules that current members spurn really be legitimate?
The convergence criterion on exchange rates is in similar disarray. Countries must remain within the European exchange rate mechanism (ERM II) for two years in...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Getting the global view: Nestle, led by Peter Brabeck-Letmathe, climbs to the #1 spot in this year's Best Companies for Leaders
