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Business, 02.04.2021 03:30 Savadt2810

In a column in the Financial Times​, the prime minister and the finance minister of the Netherlands argue that the European​ Union, an organization of 27 countries in​ Europe, should have​ "a commissioner for budgetary​ discipline." They believe​ that: ​"The new commissioner should be given clear powers to set requirements for the budgetary policy of countries that run excessive​ deficits." ​Source: Mark Rutte and Jan Kees de​ Jager, "Expulsion from the Eurozone Has to Be the Final​ Penalty," Financial Times​, September​ 7, 2011. An​ "excessive" budget deficit in this context is

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