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:
“In marble halls as white as milk,
Lined with a skin as soft as silk,
Within a fountain crystal-clear,
A golden apple doth appear.
No doors there are to this stronghold,
Yet thieves break in and steal the gold.”
—Mother Goose (fl. 17th–18th century. In marble walls as white as milk (Riddle: An Egg)
“It has come to be practically a sort of rule in literature, that a man, having once shown himself capable of original writing, is entitled thenceforth to steal from the writings of others at discretion. Thought is the property of him who can entertain it; and of him who can adequately place it. A certain awkwardness marks the use of borrowed thoughts; but, as soon as we have learned what to do with them, they become our own.”
—Ralph Waldo Emerson (1803–1882)
“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)