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Our initial impression is that the document covers a wide range of reform areas and in this sense, it is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review. However, as we expected it was not possible for the authorities to elaborate on concrete proposals and commitments that can be assessed by the institutions in respect to growth, public finances and financial stability. Given the very limited time a vailable, this is understand


A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Carrie (migeru at eurotrib dot com) on Tue Feb 24th, 2015 at 10:19:11 AM EST
[ Parent ]
I replied to Whalen's tweet that it could mean the gov't should not balance the budget by neglecting to pay whole swaths of workers, as has been done over the last several years.

The previous gov't has also been in arrears to hospitals, pharmacies and utilities.

While these constitute debt and obligations for the state, use of such measures allowed them to achieve balanced budgets 2 or 3 years ago. I believe that most of the payments have been made to hospitals and utilities, not so sure about all workers.

by Upstate NY on Tue Feb 24th, 2015 at 02:00:49 PM EST
[ Parent ]

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