>>>why governments are requested to put some order in their finance
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>Some "experts" were using that formula to decide whether or not a country's finance was in order.

Well their finances are not in order according to treaties that they signed in which their commitments were defined very clearly as well as the parameters to assess them.

I think you're exaggerating the importance of this kind of publications, even if they originate from Harvard economists, and after this incident, I guess that is not going to change.

Most economists will agree that the (European) countries need reform, that they procrastinated spending the money that was available to ease the process on less effective issues.

What is under discussion is Germany's reluctance to launch a growth stimulating package that would relieve some of the pressure.


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>>>Dragan, even youmust see that your argumentation is a bit simple no? It does not take economic theory, nor does it take a screwed up spreadsheet to see why governments are requested to put some order in their finances after they have spent like there is no tomorrow money that they borrowed in favorable financial circumstances,
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>>Favorable would need to be defined first. And specially to consider who borrowed and who's paying.
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>>>Let's agree not to agree here or this is going to look like a religious discussion, and if there's one thing we don't want , is to be shown the religious section right?
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>>Hey, you mentioned "belief" :). But if you have proof, we'll be thrown out of religion in a microsecond.