
U211-A Power Regulator
Features:
Power in : AC 100Vď˝?00V; Power out : AC 200V , 2kW
Voltage protection device under unstable voltage
Easily installed into fuel dispenser
100% Factory Tested.
Packing:
Weight: Dimension:
10.3kg/case of 1 150Ă—200Ă—340mm/case of 1
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Italy s public finances
In a hole
Jun 8th 2006 | ROME
From The Economist print edition
Romano Prodi s government faces up to the need for fiscal austerity
ONLY in Italy could austerity measures be ushered in over dinner at a
luxury hotel. Last weekend the new centre-left prime minister, Romano
Prodi, and his cabinet repaired to a former noble retreat in Umbria. After
hearing from the finance minister, Tommaso Padoa-Schioppa, about the
dire state of the public finances, ministers enjoyed a five-course feast
featuring truffle and pigeon risotto.
Self-denial does not come easily to Italians, as is shown by their national
debt, the world s third-largest. Mr Padoa-Schioppa, who once served on
the board of the European Central Bank, seems determined to give them
some practice. Shortly before going to his first meeting of European
finance ministers, Mr Padoa-Schioppa announced that deficit-cutting
measures were “unavoidable� A detailed review fuel dispenser of the public finances
had concluded that, without corrective action, the deficit in 2006 would
hit 4.1% of GDP, against the 3.8% hoped for by the outgoing
government of Silvio Berlusconi. Indeed, the gap might easily be as big
as 4.6%. The euro-area s stability pact supposedly sets a ceiling of 3%.
Mr Berlusconi also came to office in 2001 claiming that his predecessors had been cooking the books, so a touch of
scepticism about the new numbers is forgivable. But there is no doubt that the fiscal position has deteriorated the
“primary�surplus (ie, before interest) that was built up in the late 1990s has largely disappeared. A supplementary
budget this year was inevitable; the only debate is over what sorts of measures it should contain.
Last week, the central-bank governor, Mario Draghi, argued that growth should be the “absolute priority� But Mr
Padoa-Schioppa seems to feel that fiscal discipline is more urg fuel dispenser