China, too, has kept investors on the edge of their seats, as we wait for some monetary or fiscal action.
The American Recovery and Reinvestment Act, which the President signed less than a month after taking office, was the boldest countercyclical fiscal action in American history.
Carwyn Jones AM called for a fiscal package as well as action on reforming the way the Welsh Government is financed by the UK Government.
First Minister Carwyn Jones AM has already called for a fiscal package as well as action on reforming the way the Welsh Government is financed by the UK Government.
"The cases were all reported to the procurator fiscal and in each case the fiscal decided to take no action because it was not in the public interest for a prosecution to take place, " he said.
The new euro-zone fiscal rules, improved budget discipline and decisive action by the ECB mean "we have the room to make fiscal policy with a more medium-term perspective, " Mr. Rehn wrote in his blog.
After all, this could be the event that finally spurs our political leaders into taking action to repair our fiscal imbalances.
FORBES: What S&P's "Negative" Outlook on U.S. Debt Means to You
But I don't think that it tells us anything surprising in the sense that we know we have to take action to address our fiscal challenges in a balanced way.
In the euro zone, the unique institutional arrangements, not least a robustly independent central bank whose ability to support governments is severely constrained, has forced crisis countries to take up-front action to address their fiscal deficits and structural economic weaknesses.
They care about gun violence and fiscal matters but want to see quick action on immigration reform.
Warner's second fiscal quarter results underlined the need for action.
Unfortunately, though there is a growing chorus urging some form of action to restore America to fiscal soundness, and at the very least avoid a major fiscal hit to an already-weak economy, many expect more of the same from Washington.
FORBES: Wall Street CEOs To Obama And Congress: Get Your Act Together On The Fiscal Cliff
Any surprise fiscal moves could increase the risk of a ratings action.
As action-forcing events go, the fiscal cliff is a pretty good one.
FORBES: We Don't Need Another Short-Term Patch for our Fiscal Woes
Despite a slow start, there is now a clear track record of policy action in Spain which encompasses not only fiscal consolidation but also labor market and pension reforms as well as recapitalization of the weak parts of the banking sector.
FORBES: Multi-Notch Downgrade For Spain As Moody's Feasts On PIIGS
Even when we create a fiscal cliff as a way to force real, meaningful action, we choose to fail.
So even in places where governments may wish to maintain fiscal stimulus, the markets may force them into corrective action.
Unlike the fiscal cliff fight, where tax hikes would happen without Congressional action, sequestration meant automatic spending cuts, without Congressional action.
FORBES: Will President Obama's Sequester Overreach Undermine His Second Term?
Markets rallied all over the globe thanks to a fiscal cliff deal in Washington and BofA got in on the action with shares rising over 3.6% today.
FORBES: Bank Of America Opens 2013 With A Bang, Shares Hit $12 For First Time Since May '11
The organisers promised to set up a political action committee to recruit and support candidates who would champion fiscal responsibility, lower taxes, smaller government and national security.
But the more important rebuttal is contained in a new study be Douglas Holtz-Eakin, former director of the Congressional Budget Office and now president of the American Action Forum, who finds substantial and "underappreciated" fiscal and economic benefits from more immigration.
These events are unlikely to happen, unless the fiscal cliff talks fail entirely or, if they do, no remedial action is taken in the early 2013.
FORBES: President Obama's Legacy: $20 Trillion in Debt for 2016 Victor
Citizen Action of New York, the Alliance for Quality Education and Campaign for Fiscal Equity were among backers of the legal challenge.
And we therefore both need to take strong action to address the near-term growth concerns, as well as fiscal and financial vulnerabilities in order to strengthen the world economy.
The possibility of a fiscal cliff was set in motion over the past two years as a way to force action on mounting government debt.
In October 2008, its leaders leapt to action, foiling the impact of the global financial crisis with a 4 trillion RMB fiscal stimulus package.
Since the Committee last met in early August there has been no progress in addressing the year-end fiscal cliff issues, even though policymakers are aware that grave economic risks attend to the failure to take action on these issues.
FORBES: Treasury To Hit Borrowing Limit By Year-End As Fiscal Cliff Endgame Draws Closer
During those years of deflation and up through Abe's election to the premiership in December 2012, Japan had a fiscal policy of "musaku" or "no policy" -- "all talk but no action, " explained JPMorgan's Koll.
CNN: How can Japan's stock slump actually be "a sign of health"?
The fiscal cliff refers to the combination of automatic tax hikes and spending cuts that go into effect in January without action by Congress, and which may tilt the U.S. back into recession. (For explanation, click here ).
Those calling for immediate action may be right that losses should fall mainly on creditors in the form of higher inflation and fiscal transfers since the alternative of forcing citizens of indebted countries to bear the cost of adjustment is politically impossible and likely to lead to a collapse in the euro.
应用推荐