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In good times, the oil price soared and they had to spend money on subsidies, which resulted in a big budget deficit, which is the opposite of what you want to happen, hopefully now they'll be able to manage fiscal policy in a much more sensible way.

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Reuters 9 years ago
Capital Economics

Capital Economics

Capital Economics is an economic research consultancy based in London. In 2012 it won the Wolfson Economics Prize for the best proposal on how the Eurozone could be safely dismantled.

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    "Capital Economics Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 21 Nov. 2024. <https://www.quotes.net/citizen-quote/34497>.

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