Union Finance Minister Pranab Mukherjee said, the country needs to take lessons from the Euro-zone crisis and that prudent fiscal management was the need of the hour. Inaugurating the new administrative building of the income tax department in Kolkata yesterday, Mr. Mukherji said that India needs to learn lessons from the Euro-zone crisis where sovereign fiscal deficits of some have surpassed 100 per cent of GDP. He said receipts and payments should be managed – so that fiscal deficits, sovereign borrowings and debts are within manageable limits.