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Noted elsewhere: Europe's fiscal discipline crisis.

An Interview with LESZEK BALCEROWICZ [Center for European Policy Analysis] – ‘The problem with the Euro-Zone has been that larger countries like Germany or France were culpable of first violating the Stability and Growth Pact, which is a fiscal constitution of the Euro-Zone, and then getting it modified. The Stability and Growth Pact should be taken seriously, especially by the larger members of the Euro-Zone.’ (Continued at CEPA | Central Europe Digest)

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