4 ms·
Euro countries are supposed to do that too, it's part of the deal. Not everyone cares too much about that, though. It's easier to be yelled at by the ECB than y
by m_eiman 17y ago
Euro countries are supposed to do that too, it's part of the deal. Not everyone cares too much about that, though. It's easier to be yelled at by the ECB than your voters when the latter will vote you out of office.
- eru 17y agoInterestingly Germany is enacting (or has recently?) a constitutional amendment that will limit the federal deficit to 0.35% of GDP. (See http://www.bundesregierung.de/Content/DE/Magazine/MagazinWirtschaftFinanzen/067/t5-schuldenbremse.html http://www.bundesregierung.de/Content/DE/Magazine/MagazinWir... (in German))