Stability of Euro Threatened?
After three years of wrangling, European Union finance ministers have agreed on how to interpret a key sentence in the "Pact on Stability and Growth" which outlines the requirements for membership in the EU monetary union, the euro. The "Pact on Stability and Growth" stipulates that membership in the "euro zone" is open only to EU countries whose annual national budget does not include deficit spending greater than 3 percent of the country's gross domestic product. In addition, total national debt is not allowed to exceed 60 percent of gross domestic product. The purpose of the deficit limits is to help ensure the stability of the euro.
Read the whole commentary here .
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Darris McNeely
Darris McNeely is a retired elder in the United Church of God. He and his wife, Debbie, have served in the ministry for more than 53 years. They have two sons, who are both married, and four grandchildren. Darris continues teaching at Ambassador Bible Center and is a member of the Council of Elders. Darris and Debbie continue to travel and keep up with the many friends and relationships around the world.
