Social partners in Europe seem to have understood this, as inflationary pressure coming from labour costs has been much lower in recent years than in previous decades. This, in turn, has led to significant employment gains in Europe, now amounting to 14.9 million new jobs created since the euro was introduced, compared with only 3 million jobs in the 8½ years before its launch.
Liability under this subsection shall not exceed the amount of the check giving rise to the loss or liability, and, where there is bad faith, other damages, if any, suffered as a proximate consequence of any act or omission giving rise to the loss or liability." [12 U.S.C. §4010(f)]  BIS Review 54/2002  3