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Balanced budget fundamentalism

by Paul De Grauwe
05 September 2011

Balanced budget fundamentalism

Paul De Grauwe

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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.
 


About the Author


  • Author
    Paul De Grauwe
    Paul De Grauwe
    Associate Senior Research Fellow
Balanced budget fundamentalism
Download Publication

2823 Downloads