On June 9, 2003 the Chancellor ruled out Britain s entry into the single currency.
In what he described as one of the most momentous economic decisions our country has to take, Mr Brown said only one of five economic tests on euro membership had been met.
The Chancellor s five economic tests covered the degree of convergence of the UK and eurozone economies, the flexibility to cope with shocks, the effect on UK growth and jobs of euro entry, the effect on financial services and the effect on inward investment.
Tony Blair continued to make plans for UK to adopt the Euro, even after his government ruled it out (Image: Getty)
24/02/2021 14:00
The 2021 state budget represents the beginning of macroeconomic correction in Romania, and is a rational, not an austerity financial plan, Tax Council chairman Daniel Daianu told a specialist debate on Wednesday, according to AGERPRES. The macroeconomic correction is starting this year in Romania, but it must be correlated with the transformation of the economy - speaking about the Green Deal - with overcoming certain development gaps plus the preparation of the entry into the European Exchange Rate Mechanism and the euro area. (.) The macroeconomic correction was supposed to start in 2020, but was stopped by the pandemic, and despite allegations that this is an austerity budget, I say that the 2021 budget is a budget of reason. Comparisons with the 2010 - 2011 budgets that provided for drastic cuts in personal incomes and salaries are a nonsense. I understand political rhetoric, I understand that the budget is discussed in Parliament, but it is good to und
George Soros’ Top 10 Stock Picks
In this article, we reviewed George Soros’ top 10 stock picks to see how the legendary investor’s stock-picking strategies performed in 2020 and what are the prospects for 2021. You can skip our detailed discussion of Soros Fund Management’s performance, George Soros’ theory of reflexivity and its relevance and go to George Soros’ Top 5 Stock Picks.
George Soros, 90, continues showing that age doesn’t matter when it comes to investing in stock markets because the legendary investor has generated robust returns in the pandemic year. Several of his top ten stock holdings have outperformed the broader market index by a wide margin. Soros Fund Management, which is not open to external investors, benefited from its aggressive portfolio adjustment strategies and investments in high-growth companies. For instance, after initiating a position in the second quarter, the firm sold out its DraftKings (NASDAQ: DKNG) position during the fourth quar
Krisen pflastern seinen Weg: Super Mario soll es mal wieder richten euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
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IMF Executive Board Concludes 2020 Article IV Consultation with Bulgaria
Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded 2020 Article IV consultation [1] with Bulgaria on January 27, 2020.
The COVID-19 pandemic has put a break on Bulgaria’s robust economic performance. Following 3.7 percent growth in 2019, real GDP is estimated to have contracted by 4.6 percent in 2020 as a result of the lockdown at the outset of the crisis and a second wave of infections together with the reintroduction of new restrictive measures. These led to a collapse of demand, notwithstanding fiscal and other support for households and firms. The unemployment rate has risen but recently stabilized, helped by policy support.