Government finances in Denmark are also more sensitive to cyclical fluctuations than they are in other countries, so that public expenditure and revenue automatically stimulate the economy more in a recession. Nevertheless, unemployment is expected to rise for some time yet. Initially it is a question of restoring financial market confidence.
6  BIS central bankers’ speeches  In the context of public finances, this means that those who make decisions on spending must also take responsibility for them. In other words, there must be a balance between control and liability. In principle, the Maastricht framework assigned both liability and control to national governments.