Balanced budget fundamentalism

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Series Title
Series Details 5 August 2011
Publication Date 05/08/2011
Content Type

Abstract:
Under extreme pressure from the financial markets and from Germany, member countries of the eurozone feel obliged to introduce balanced budget clauses into their constitutions. In this new Commentary, CEPS Senior Associate Research Fellow Paul De Grauwe explains why the balanced budget rule is a bad idea.
Source Link http://aei.pitt.edu/32338/1/De_Grauwe_on_Balanced_budget_fundamentalism_September_2011.pdf
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Countries / Regions