In Spain, meanwhile, there has been a sharp decline in the use of revision clauses.
Probably reflecting this, the proportion of employees covered by collective agreements with wage revision clauses fell from two-thirds in 2007, prior to the crisis, to an estimated one-third in 2012.
In Spain, pay guidelines based on inflation forecasts in the cross-sectoral agreements since 2002 in combination with the wage revision clauses in sectoral agreements which adjust wages to observed inflation operate as a form of 'soft' or 'non-automatic' indexation.
Guy Verhofstadt, the head of the alliance of liberals in the Parliament, called on Wednesday for a full-revision clause to be inserted into the budget, so that it could be increased after three years if economic conditions improved.
Initially a follower of Hugh Gaitskell, the party's leader from 1955, Benn switched to Wilson when Gaitskell proposed the revision of clause four of the party constitution in 1959, dropping the commitment to nationalise the means of production, distribution and exchange.
That action precipitated loud protests from other countries in the Asia-Pacific region, and he provoked further controversy over his views on the sovereignty of islands in the Pacific that were disputed between China and Japan, as well as for his stance favouring revision of the pacifism clause in the Japanese constitution.
There will be no clause for revision".
While the Singapore-Australia Free Trade Agreement (SAFTA) is just a bilateral pact, the revision carries a new clause which will have ramifications across the Asia-Pacific and the world.
Revisions posted 15/04/2015 to incorporate various contractual changes including liquidated damages clause, revised crediting, revenue share accounting.
