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...need for urgent action during the financial crisis has caused some schizophrenic behavior. Last fall, the commission encouraged E.U. member states to agree to stimulus programs worth around $250 billion, arguing that the crisis demanded radical action. But last week, the very same body said six E.U. countries - France, Greece, Spain, Ireland, Latvia and Malta - had breached the 3% limit and might now be punished...
...fair, the Stability and Growth Pact's credibility was straining long before the downturn. Most E.U. member states have run budget deficits beyond the 3% ceiling from time to time, while many have breached the pact's other main criterion: that national debt stay below 60% of GDP. Germany, the pact's main proponent, has been one of the most consistent abusers of the budgetary rules. In 2002, then president of the European Commission Romano Prodi even described the rules as "stupid...
Task force member Harry Mattison criticized Harvard for failing to pursue tenants that fulfill a vision of attracting businesses and revitalizing the neighborhood. He noted that last summer, the University leased one of its buildings just off of Western Ave. to Finale Dessert Company—for use not as an eatery, but as a central pastry kitchen...
Allston resident and task force member Bruce E. Houghton told Harvard it was “sitting on an enormous pot of gold” and has thus far been “a negative force in the community...
...don’t want it to become the University annex,” said task force member John Cusack. “If this community can’t attract the momentum that’s going to make this a stand-alone part of the Harvard campus, it’s just going to become a backyard...