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Jerome has already given the correct duck answer to the debt. (The PSOE government in Spain put actual debt on the books soon after taking over, because the 6 billion deficit from national television and some others were not recorded.)
On accounting: Do you mean that current EU governmental accounting is not on the accrual basis??? <brain explodes>. Our knowledge has surpassed our wisdom. -Charu Saxena.
The public should be protected from their f-ups. Our knowledge has surpassed our wisdom. -Charu Saxena.
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