The Golden Rule in Spain
On the 7th of September 2011, the Spanish Senate approved an amendment to article 135 of the Spanish constitution introducing a cap on the structural deficit of the state (national, regional and municipal). The amendment will come into force from 2020.
Read more about this topic: Golden Rule (fiscal Policy)
Famous quotes containing the words golden, rule and/or spain:
“She stood breast high amid the corn,
Clasp’d by the golden light of morn,”
—Thomas Hood (1799–1845)
“The art of being a slave is to rule one’s master.”
—Diogenes of Sinope (c. 410–c. 320 B.C.)
“England and France, Spain and Portugal, Gold Coast and Slave Coast, all front on this private sea; but no bark from them has ventured out of sight of land, though it is without doubt the direct way to India.”
—Henry David Thoreau (1817–1862)