Rather, my focus will be on the goals and process determining the budget and on the importance, despite our increasing national security requirements, of regaining discipline in that process. These views are my own and are not necessarily shared by my colleagues at the Federal Reserve.
Greece is in a special position in that its exports of services far exceed its exports of goods. In fact, our non-oil good exports are now somewhat less than tourism receipts and even less than those from shipping, while our total receipts from services cover more than four-fifths of our total non-energy good imports.