The Golden Rule in Italy
On the 7th of September 2011, the Italian Lower House approved a constitutional reform introducing a balanced budget obligation to Article 81 of the Italian constitution. The rule will come into effect in 2014.
Read more about this topic: Golden Rule (fiscal Policy)
Famous quotes containing the words golden, rule and/or italy:
“Come live with me, and be my love,
And we will some new pleasures prove
Of golden sands, and crystal brooks,
With silken lines, and silver hooks.”
—John Donne (1572–1631)
“Freedom of men under government is to have a standing rule to live by, common to every one of that society, and made by the legislative power vested in it; a liberty to follow my own will in all things, when the rule prescribes not, and not to be subject to the inconstant, unknown, arbitrary will of another man.”
—John Locke (1632–1704)
“Everything in Italy that is particularly elegant and grand ... borders upon insanity and absurdity—or at least is reminiscent of childhood.”
—Alexander Herzen (1812–1870)