The case for returning fiscal responsibility to national authorities is also strong and not only because centralized fiscal authority has proved to be so inefficient. With citizens of distressed countries bearing the fiscal burden of the crisis, the enduring presumption that they will not act responsibly is patronizing, at best.

There was also bureaucratic resistance from existing regulators. Most important, supervision suggested some potential responsibility to recapitalize problematic banks, and thus involved a fiscal cost.

The surveillance of the border, in places where the Customs is not physically represented, is under the responsibility of GNR BF (National Republican Guard Fiscal Brigade).

The new legislation provides a temporary 11 billion fix that will postpone the HTF s bankruptcy for about ten months. Through fiscal gimmickry, the bill s funding costs are pushed beyond the arbitrary ten year budget window behind which Congress hides to signal its fiscal responsibility.

Fiscal Challenges and Fiscal Follies

Europeans should have the chance to regain their footing. Transferring fiscal responsibility back to national authorities would not only mean the end of counterproductive efforts to manage fiscal affairs centrally it would also diminish the sense of frustration and lack of control that is fueling Euro skepticism.

To this end, eurozone leaders must take three key steps. The dysfunctional system of European fiscal governance should be dismantled fiscal responsibility should be returned to member states and, to minimize the risk of excessive future lending, private lenders should be required to bear the losses implied by unsustainable sovereign debt.

And here was the clincher By committing themselves to fiscal tightening, finance ministers gave themselves scope for some fiscal loosening. Proclaiming fiscal virtue enabled them to practice fiscal vice.

Fiscal Follies

Europe s Fiscal Wormhole

America s Fiscal Isolationism

Fiscal Apocalypse Now

Germany s Fiscal Follies

The right to development implies that FDI actually contributes to local and national development in a responsible manner, that is, in ways that improve social conditions, protect the environment, and respect the rule of law and fiscal responsibility.

The worst offenders were the US and Germany, which shirked the responsibility to protect the global common good that accompanies their status as economic hegemons. The United Kingdom, with its contrived rationale for fiscal austerity, was not much better.

Computes Italian Fiscal codes

America s Exceptional Fiscal Conservatism

Europe s Empty Fiscal Compact

Fiscal Fibs and Follies

Gaming US Fiscal Reform

America s Fiscal Cliff Dwellers

Is Fiscal Stimulus Pointless?

Threading the Fiscal Needle

Fixing America s Fiscal Problem

e. Special fiscal policies

So Barroso should forget the high flying platitudes of the Lisbon agenda and focus instead on effective completion of the Single Market and keeping the member states' fiscal policies in order. Let national governments take responsibility for their countries' economic performance.

Fiscal Austerity Versus European Society

Fiscal Discipline and Educational Quality

Lessons from the Fiscal Cliff

Ireland s Moment of Fiscal Decision

The Bogey of Fiscal Stimulus

The Case for Fiscal Stimulus

The Fiscal Crisis Down Below

Will Europe s Fiscal Compact Work?

Fiscal year ending 30 September

Country Kazakhstan Fiscal year 2004

Emergency budget and fiscal support

Osborne s defenders might make the same argument for his fiscal policy. A credible policy of fiscal consolidation, they might say, will have the same exhilarating effect on confidence as fiscal consolidation itself.

Moreover, fiscal support is absent this time QE1 and QE2 helped to prevent a deeper recession and avoid a double dip, respectively, because each was associated with a significant fiscal stimulus. In contrast, QE3 will be associated with a fiscal contraction, possibly even a large fiscal cliff.

Limited or not, this is a transfer of fiscal responsibility to the European level. And it is difficult to imagine how the report s call for democratic accountability and legitimacy in the decision making process can be met without a full fledged political union.

Responsibility

The number of local government jobs averaged 11,626 in fiscal year 2003, compared to 11,621 jobs in fiscal year 2002.

Japan s Fiscal Crisis Comes of Age

A Future Oriented US Fiscal Policy

Fiscal Follies in America and Beyond