The prospective improvement in our external balance is now barely half the size of what would be required to offset the recessionary effects of budget correction.

"There are external and internal political balances."

Maintaining both internal and external balances requires use of both monetary policy and fiscal policy.

Standard & Poor's rated the hike as an encouraging move to relieve immediate pressure on the country's fiscal position and external balance.

Nonetheless, at Wolfe's insistence, the additional external balances were a feature of every P-38 built from then on.

The context was the difficulty maintaining external balance without sacrificing two sacrosanct political values, jobs for all and unrestricted labor rights.

António Enes was able to maintain the necessary internal and external balances.

Therefore conflicts arise between the government's incentives, or between internal balance and external balance.

"No qualitative changes have taken place in our economy, restructuring is sluggish and the internal and external financial balance has deteriorated," he said.

They also want to punish countries that will not lower wages in order to regain their external balance.