Can debt limits save the euro?
http://dervishcom.blogspot.com/2011/09/can-debt-limits-save-euro.html
MADRID — European leaders have been confronting their continent's debt crisis by pushing for new limits on how much borrowing countries can do, part of a trend across much of the world toward balanced budget amendments and similar restrictions.
But economists say there is scant evidence that such constraints do much good.
About 80 countries have imposed legal limits on how much their politicians can spend, tax or borrow. In a handful of cases, they have written restrictions into their constitutions. Germany did that in 2009, and Spain is headed the same way after its lower house of parliament Friday approved a balanced budget amendment. France is also considering the idea.
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Source: http://feeds.washingtonpost.com/click.phdo?i=43bdf7dc1d943af0d40c387c0731ba4f
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