With the “fiscal rules” invented by Gordon Brown at the dawn of New Labour reduced to rubble, Mr Darling will doubtless introduce a new “fiscal framework” designed to bring borrowing under control in the me¬dium term and restore credibility to the government's economic management. However, nobody will take this seriously—not with pressures for public spending in¬tensifying as unemployment rises and as a general election draws near.
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In America worries about the dollar's international status and the appetite of Asian central Banks for Treasury bonds may yet spur a consensus on the need for a binding fiscal framework.
在美国,存在着对美元地位和亚洲央行不再青睐美国国债的担忧,这可能激起一种共识:美国需要一个有约束力的财政框架。
The Treaty and the Stability and Growth Pact provide an appropriate framework for ensuring fiscal discipline, within adequate bounds of flexibility.
《稳定与增长公约》为各国保持财政纪律提供了一个适宜的框架,同时也保留了足够的灵活性。
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