"Indexation" Quotes from Famous Books
... the prospect of not qualifying to participate in EU plans for economic and monetary union later in the decade; thus, it finally began to address its huge fiscal imbalances. Subsequently, the government has adopted fairly stringent budgets, abandoned its inflationary wage indexation system, and started to scale back its generous social welfare programs, including pension and health care benefits. In November 1996 the lire rejoined the European monetary system, which it had left in September 1992 when under extreme pressure in currency ... — The 1997 CIA World Factbook • United States. Central Intelligence Agency. |