1. But Argentina still must perform an economic double-play by igniting its listless economy while reducing government spending to meet the goals specified in its IMF agreements. 2. France is trying to cut social-security spending to meet the criteria necessary for European Monetary Union. 3. Germans and other Europeans fear that their governments will slash public sector spending to meet the criteria at a time of mounting unemployment. 4. Like other European countries, Germany is trying to cut state spending to meet the criteria for the creation of a single European currency. 5. Rather, what has been proposed are general spending outlines - leaving for later the politically painful job of slowing spending to meet those goals. 6. The French election was seen here, however, as giving power in Parliament to a politicians reluctant to reduce state spending to meet the economic criteria. 7. He noted concern that cuts in state spending to meet the deficit target would weaken activity further. 8. The timetable began to slip and countries realized late in the day that they would have to slash public spending to meet the deficit targets. |