Unfortunately, in 1996-97 Germany proved unable to enforce the requirement of no political influence being exerted in the procedures of the Stability and Growth Pact. The rules would have cut more weight in better economic times and today’s dilemma would probably have been avoided. The euro has not yet acted as a catalyst for structural reforms either.
3   1%   =323K  32 32 32  3  40 00 32  3 32 3 16 0 6 6 076 7 0 2316  63 2 06 8 0663  29 569 5690 569 29 569 2490 090  63 3 90 62896 1 4  2 4 0963  736   9 9   319  39  2 $