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:
“If you associate enough with older people who do enjoy their lives, who are not stored away in any golden ghettos, you will gain a sense of continuity and of the possibility for a full life.”
—Margaret Mead (1901–1978)
“I make it a kind of pious rule to go to every funeral to which I am invited, both as I wish to pay a proper respect to the dead, unless their characters have been bad, and as I would wish to have the funeral of my own near relations or of myself well attended.”
—James Boswell (1740–1795)
“The tears I have cried over Germany have dried. I have washed my face.”
—Marlene Dietrich (1904–1992)