The crisis has derailed the government’s dedication to keeping its budget balanced, long a point of pride. After six years in the black, it is borrowing a net 217.8 billion euros this year to finance rescue and stimulus packages and cover an expected shortfall in tax revenue. Next year, it plans to borrow a further 96.2 billion euros.
Source: News Formal (newsformal.com)
But it looks like a more closer follows up is needed to rescue any unpredictable economic crisis.
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