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Golden rule in Spain

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Germain Dutilleul

The document discusses Spain adopting a constitutional amendment to cap government budget deficits similar to Germany's model. It examines arguments for and against implementing a "Golden Rule" deficit cap, questions its effectiveness, explores concepts of limiting growth versus leverage in the long and short term, and concludes with the authors' opinion on Spain's situation and potential impacts on other countries.

Spain: The golden amendment The parties agree on a German-style constitutional deficit cap. Sept 3rd 2011 | MADRID Thierry Duclot Patricio Angonoa Juan Camilo de le la Pava Pena Vincent Guiliani Germain Dutilleul

Summarize Situation in Spain Why to use Golden Rule? Doubt on effectiveness 31/10/11

Golden Rule Concept Limitation 31/10/11

Growth Concept Leverage Long/Short term 31/10/11

Conclusion Our opinion on Spain’s situation Others countries? 31/10/11

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Golden rule in Spain

1. Spain: The golden amendment The parties agree on a German-style constitutional deficit cap. Sept 3rd 2011 | MADRID Thierry Duclot Patricio Angonoa Juan Camilo de le la Pava Pena Vincent Guiliani Germain Dutilleul

2. Summarize Situation in Spain Why to use Golden Rule? Doubt on effectiveness 31/10/11

3. Golden Rule Concept Limitation 31/10/11

4. Growth Concept Leverage Long/Short term 31/10/11

5. Conclusion Our opinion on Spain’s situation Others countries? 31/10/11