Golden Rule (fiscal Policy) - The Golden Rule in Germany

The Golden Rule in Germany

In 2009 articles 109, 115 and 143 of Germany's constitution were amended to introduce the Schuldenbremse ("debt brake"), a balanced budget provision. The reform will come into effect in 2016 for the state and 2020 for the regions.

Read more about this topic:  Golden Rule (fiscal Policy)

Famous quotes containing the words golden, rule and/or germany:

    Venerandam,
    In the Cretan’s phrase, with the golden crown, Aphrodite,
    Cypri munimenta sortita est, mirthful, oricalchi, with golden
    Girdles and breast bands, thou with dark eyelids
    Bearing the golden bough of Argicida.
    Ezra Pound (1885–1972)

    When great changes occur in history, when great principles are involved, as a rule the majority are wrong.
    Eugene V. Debs (1855–1926)

    It is the emotions to which one objects in Germany most of all.
    Franz Grillparzer (1791–1872)