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german debt break

European Constitutional Law Review (1)

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The ‘German Way’ of Curbing Public Debt: The Constitutional Debt Brake and the Fiscal Compact – Why Germany has to Work on its Language Skills
Alexander Thiele
Journal:

European Constitutional Law Review / Volume 11 / Issue 1 / May 2015

Published online by Cambridge University Press:

04 August 2015, pp. 30-54
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Public debt: relevance for funding of modern states – Keynesian revolution – Consequences of the financial crisis in Germany – Introduction of the debt brake and Fiscal Compact – The constitutional debt brake: structure and exceptions of the balanced budget rule, four deficiencies of the debt brake – The Fiscal Compact: historical background and structure of the balanced budget rule – Sufficient implementation of the balanced budget rule in Germany? – Constitutionality of the Fiscal Compact? – Austerity as the wrong answer for solving the current economic problems