BIS Review 39/1998 ˝  -2-  Both prior to and after the signing of the (Maastricht) Treaty the Bundesbank has outlined in its statements what monetary union will mean for Germany (and for the other participating states).
At the request of the Federal Government the Bank issued a further comment on March 26, that is to say, shortly before the decision taken last weekend. It was only to be expected that the Bundesbank’s analysis of the degree of convergence reached within the European Union incorporates light and shade, opportunities and problems.