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.
Series: CEPS Commentary
- Page Count: 2
- Publication Year: 2011
- Language: English
- Content File-PDF