Sentences with phrase «run huge budget deficits»

The European Monetary Union — the parent organization of the euro currency — faced similar challenges when leading countries such as France and Germany devalued the common currency by running huge budget deficits and amassing large debts.

He ran a huge budget deficit but made up for it with profits from his coal exports.

Not exact matches

Former Finance Minister Jim Flaherty, 64, who steered Canada through the global financial crisis and then nearly eliminated the huge budget deficits he had run up in the process, died today just weeks after resigning.