Another criterion they had was that your debt, your total debt had to be at 60 percent of your GDP. We are at 50 percent. We easily meet both of the criteria that are being used by the European countries pursuant to the Maastricht Convention guidelines. None of the 15 countries that are members of the European Union have done as well as the United States on these two criteria, with the exception of Luxembourg.
Discussing U.S. fiscal discipline in relation to European Union debt criteria.
Share
More from John Sarbanes
The health of the Chesapeake Bay and its watershed can only continue to improve through robust Federal, state, and local partnerships.
I thank the gentlewoman for yielding her time. I thank Chair Westerman and his staff for working with Congressman Mfume and the whole Maryland delegation over the last few months. It has been a pleasure. I appreciate very much the work to…
I thank Congressman Mfume for organizing this very important and special tribute. It is a tribute, as you have already heard, to the six hardworking men who lost their lives during this collapse of the bridge on March 26. They got up that…
Thank you very much. And I appreciate you talking about the data, the importance of collecting information on where the shortages are.
Other voices in this conversation
