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Articles | The European Unions Ultimate Sanctio . . .
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The European Union's Ultimate Sanction Against Member Nations, as Seen in "Blazing Saddles"
Gary North
May 18, 2010 The European Union is unwilling the enforce the 3% rule: the ratio of the annual fiscal deficit in relation to a nation's gross domestic product. What if nations persist in running double-digit deficits? The EU can expel them from the European Monetary Union. To assess the relevance of this threat, view this video. Think of the European Union as the sheriff.
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