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balanced budget (H6)<br />A government budget which equates revenue with expenditure. This prudent approach to fiscal policy long advocated by conservative finance ministers has frequently been attacked by KEYNESIANS who rega rd it as an inflexible rule which ignores the levels of aggregate demand and unemployment. A government surplus will increase public sector saving; a government deficit will require borrowing. However, unbalanced budgets could result in CROWDING ouT or long-term insolvency of a country (if the national debt is financed at a rate of interest in excess of the country's rate of growth) or inflation (if a country increases its money supply to finance its borrowing).
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panel bank (G2)<br />A bank in the Euribor market with a high volume of business in the EUROZONE money markets. When that market was set up there were forty-seven banks from the first European Union countries to adopt the euro, four banks from other EU countries and six large international banks of the USA and Japan.
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