3 ms·
If the Greek really hate their debt (and the interest) so much, then why isn't there a strong movement in Greece to reduce or at least not increase debt by a st
by wolfgke 11y ago
If the Greek really hate their debt (and the interest) so much, then why isn't there a strong movement in Greece to reduce or at least not increase debt by a strict budget policy?
Switzerland added a balanced budget amendment to their constitution in 2001
> https://en.wikipedia.org/wiki/Balanced_budget_amendment#Switzerland https://en.wikipedia.org/wiki/Balanced_budget_amendment#Swit...
Many people consider this as the model for a similar amendment that was added to Germany's constitution in 2009
> https://en.wikipedia.org/wiki/Balanced_budget_amendment#Germany https://en.wikipedia.org/wiki/Balanced_budget_amendment#Germ...
(which the German government takes really seriously at the moment) and Austria's in 2011:
> https://en.wikipedia.org/wiki/Balanced_budget_amendment#Austria https://en.wikipedia.org/wiki/Balanced_budget_amendment#Aust...