The Minister of Finance was of the view that the economic and fiscal stabilization programme had put Anguilla on a path of sustainable economic development.

Such a growth path is simply not sustainable.

Having used fiscal spending aggressively to avoid a depression, the US must now commit to a credible medium term path of fiscal consolidation.

Peace and security are necessary conditions for sustainable efforts in health, development and fiscal space.

Instead, we look to you to embark on an appropriate and sustainable policy path.

Under these conditions, deleveraging could put emerging Europe on a more sustainable growth path.

The crisis can yet be an opportunity to turn from a path of financial bubbles and excessive consumption to a path of sustainable development.

This is not just a political commitment we have enshrined France s fiscal path in a law adopted in November.

Even Greece, despite its rapidly eroding competitiveness and increasingly unsustainable fiscal path, could attract the capital that it needed.

Finally, in the face of political opposition to fiscal consolidation, especially in the US, there is a risk that the path of least resistance becomes continued monetization of fiscal deficits.

Thus, Latvia today enjoys a sustainable fiscal position, with output close to its potential and growing.

And default with an orderly restructuring would instantly set Greece s finances on a sustainable path.

Systemic reform of Italy s government may be a prerequisite to achieving consensus on a path to fiscal health and growth.

Unfortunately, the fiscal stimulus was not well enough designed to get the economy onto a strong, self sustaining growth path.

What we now have in the Programme of Action is a comprehensive path to sustainable development.

Absent a prolonged fiscal cliff and debt ceiling mess, the US may be cobbling together a sustainable recovery.

The Hard Path centralized production of energy with continuous consumption and limitless growth or the Soft Path local production of energy, locally owned with resilient and sustainable communities.

Eventually they may take aim at other countries even Japan and the United States where fiscal policy is on an unsustainable path.

Our country will continue to oppose the obstacles put in the path of the sustainable development of developing countries.

France is fully committed to a fiscal consolidation effort that returns it to a balanced budget by 2017. This is not just a political commitment we have enshrined France s fiscal path in a law adopted in November.

Monetizing the fiscal deficits would then become the path of least resistance running the printing presses is much easier than politically painful deficit reduction.

Because a gradual path establishes long run fiscal discipline, it would not crash the bond market, as an outright cancellation of the tax increase might.

In Europe, many governments, having embarked on the path of fiscal consolidation while their economies were still weak, are now struggling with the growth consequences.

Austerity based fiscal consolidation is likely to fail, because sustainable public budgets are best achieved on the basis of strong economic growth.

I hope to see governments in Western Europe and the US face up to their responsibilities and conduct sensible, sustainable fiscal policies.

For Switzerland, there is but one development path to follow that of sustainable development in the economic, social and environmental spheres.

Even significant adjustment lending in low income countries has not been a sufficient condition for transition to a sustainable growth path.

After long years of striving, our region has, at last, managed to set itself unequivocally on the path towards sustainable development.

Their entry into force showed the readiness and deep commitment among the developing countries to follow the path of sustainable development.

Unfortunately, the fiscal policy currently adopted by various advanced economies deviates sharply from this path of credible medium term consolidation combined with short term additional stimulus.

By implementing new mechanisms to render the future path of fiscal balances and public debt more predictable, they could have averted the worst of the crisis.

And, even on such generous terms, Greece would probably need a daunting 10 of GDP fiscal adjustment just to return to a more stable debt path.

In our generation, sustainable development will be our test, encouraging us to use our creativity and human values to establish a path of sustainable well being on our crowded and endangered planet.

Getting the balance correct is complicated by the fact that the right fears the left will use fiscal stimulus as a path to permanently larger government, a path that the right (and apparently the general public) is unwilling to follow.

Other aims were enhanced and transparent fiscal discipline and the strengthening of the banking sector to facilitate rapid economic growth and sustainable development.

Countries in transition can use peace building measures as a chance to put their national systems on the path of sustainable development.

Unfortunately, US and European politicians have failed to show similar imagination when it comes to fiscal policy. By implementing new mechanisms to render the future path of fiscal balances and public debt more predictable, they could have averted the worst of the crisis.

That means taking advantage of unilateral action by individual countries or regional groupings to put the global economy on a more sustainable path.

Haitians must make the necessary effort to embark once again on the path of peace, democracy, the rule of law and sustainable development.

The infusion of an appropriate level of international economic aid is therefore vital to guiding South Africa along the path to sustainable development.

With every passing day, awareness is growing of the fact that this absurd path the world has chosen to follow is not sustainable.

Fiscal Follies

What's fiscal ?

Meanwhile, the state lurches from fiscal tragedy to fiscal farce.

With America facing a fiscal cliff automatic tax increases and spending cuts at the start of 2013 that will most likely drive the economy into recession unless bipartisan agreement on an alternative fiscal path is reached could there be anything worse than continued political gridlock?