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Balanced budget fundamentalism
Balanced budget fundamentalism

Author(s): Paul De Grauwe
Subject(s): Economic policy, EU-Accession / EU-DEvelopment, Financial Markets, Fiscal Politics / Budgeting
Published by: CEPS Centre for European Policy Studies
Keywords: EU; economy; euro-zone; Germany; financial markets; budgeting;
Summary/Abstract: Under extreme pressure from the financial markets and from Germany, member countries of the euro-zone feel obliged to introduce balanced budget clauses into their constitutions. The German government argues that balanced budget constitutional clauses are necessary to avoid future government debt crises.

  • Page Count: 2
  • Publication Year: 2011
  • Language: English