Recent Spanish difficulties, including slower growth and disappointing progress on fiscal goals, suggest that this ugly scenario is becoming more likely.
Too often in the past, thinks Mr Brown, chancellors have chopped and changed their fiscal goals to cover up a lack of control.
At the moment, Greece has still not received its latest tranche of bailout funding from other Eurozone members, which Greece will only get if it meets fiscal and privatization goals by the end of September.
Today the revitalization continues - albeit with fiscal rather than artistic goals - as a growing number of trendy boutique hotels open their doors.
Among his many books, he was proudest of those that investigated the workings of government in all its flawed, shambling efforts to balance fairness, fiscal prudence, big goals and multiple clashing interests.
She added that "the small pay increases in question average 1.6 percent" and went to "about a quarter of FAA employees" because the agency "met more than 93 percent of its performance goals" for fiscal 2012.
It is having a strategy that pursues all three of those goals that hits the fiscal sweet spot.
So one of the central goals of this administration is restoring fiscal responsibility.
Similar schemes, such as the Federal Credit Programme in America, are tools of fiscal policy aimed at realising public-policy goals in an efficient and effective manner by using loans.
While all four branches of the military generally met their numbers from 2000 until 2005, the Army and the Air Force missed retention goals in the first quarter of fiscal year 2005, according to a study conducted by the Government Accountability Office.
Starbucks's directors set tough bonus goals "tied to a very challenging fiscal 2010 annual operating plan, " Mr. Hilowitz said.
But the Germans suspected France's southern push had other goals: a monetary union likelier to tolerate both greater fiscal laxity and more political meddling.
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