In the share market, prices on the JSE Securities Exchange SA fell back by 9,7 per cent from a recent peak in March 2004, in contrast to the bull rally in the preceding ten months.
Such an incentive structure is flawed in so far as it can lead to unsustainable fiscal policies of individual member states which in turn would generate negative spill over effects to the monetary union as a whole and make financial markets to paint other members states with the same brush.