Fiscal competition and economic freedom


Fiscal competition and economic freedom

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French Minister is threatening

Sunday 11 July 2010

In an interview for the German Handelsblatt, the French Minister of Economy Christine Lagarde suggested that European countries that do not respect deficit limits should be punished. Lagarde proposes that the punishment could be to forbid those States to participate in EU decision-making. This sounds at least strange coming from the Minister of a country with 8% budget deficit and huge public debt.

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