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Taming Deficits: Automatic Debt Brakes and Participatory Democracy in Switzerland

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Learning from the World
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Abstract

Since the onset of the sovereign debt crisis, Switzerland has received a great deal of attention and applause for its sound fiscal policy. Partly in deference to this, the Financial Times recently extolled Switzerland as β€œan alpine peak the Eurozone can only aspire to,” implying that the Swiss way of doing things is admirably effective but hard for others to emulate, thereby reinforcing the notion of Swiss exceptionalism.

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Joe Colombano Aniket Shah

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Β© 2014 Thomas Held and Simon Ingold

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Held, T., Ingold, S. (2014). Taming Deficits: Automatic Debt Brakes and Participatory Democracy in Switzerland. In: Colombano, J., Shah, A. (eds) Learning from the World. Palgrave Macmillan, London. https://doi.org/10.1057/9781137372130_5

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