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:
“The whole body of what is now called moral or ethical truth existed in the golden age as abstract science. Or, if we prefer, we may say that the laws of Nature are the purest morality.”
—Henry David Thoreau (1817–1862)
“The earliest instinct of the child, and the ripest experience of age, unite in affirming simplicity to be the truest and profoundest part for man. Likewise this simplicity is so universal and all-containing as a rule for human life, that the subtlest bad man, and the purest good man, as well as the profoundest wise man, do all alike present it on that side which they socially turn to the inquisitive and unscrupulous world.”
—Herman Melville (1819–1891)
“If Germany is to become a colonising power, all I say is, “God speed her!” She becomes our ally and partner in the execution of the great purposes of Providence for the advantage of mankind.”
—W.E. (William Ewart)