Today the upper house of the Spanish parliament will pass legislation ensuring that their budget deficit cannot go lower than a certain point. They are one of the first governments to have done this in the face of the eurozone crisis and many are hailing them for it. However, the reason budget deficits get so low in the first place is that to function as a government, nation and economy governments have to invest. As such it will be interesting to see if the spaniards can make this strategy work economically and politically.
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