INSTITUTING A DEBT CAP: The Spanish Model


The government of Spain recently announced the country is making an amendment to the constitution, to ensure a cap on how much debt the country is allowed to owe.

The move was probably in response to the debt ceiling war in the US Congress; it is ironic there are still nations with no debt cap or spending limit. Hopefully, the current example in the United States will serve as a wake up call to other nations.

Post comments on Adeyemi Oshunrinade blog.

Advertisements


Categories: Uncategorized

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: