Re:So long, euro?
by m_eiman on Thursday April 29, 2010 @01:35PM
(#1305251)
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.
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Interestingly 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/MagazinWir... (in German))