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Due to the good differences in per capita revenue among member states (from $7,000 to $69,000) and historic national animosities, the EU faces difficulties in devising and imposing frequent policies. Athens, nevertheless, faces long-term challenges to push by way of unpopular reforms in the face of widespread unrest from the country's powerful labor unions and the general public. Denmark maintained a wholesome price range surplus casino cash for many years up to 2008, but the price range balance swung into deficit in 2009. Regardless of the deficits, the brand new coalition authorities delivered a modest stimulus to the economy in 2012. Nonetheless, Denmark's fiscal position stays among the many strongest within the EU with public debt at about 45% of GDP in 2012. Despite beforehand assembly the criteria to hitch the European Economic and Financial Union (EMU), thus far Denmark has decided not to hitch, though the Danish krone remains pegged to the euro. In June 2005, the National Parliament unanimously authorized the creation of a Petroleum Fund to serve as a repository for all petroleum revenues and to preserve the worth of Timor-Leste's petroleum wealth for future generations. The VAT accounted for about 51.7% of total tax revenues in 2011. El Salvador's external debt quantities to about one-fourth of GDP. The present authorities has followed sound fiscal policies which have resulted in balanced budgets and low public debt.
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