As I have already  7  That was my inference as one who was a Fed watcher until September 17, 2018. It has also been the inference of some private-sector forecasters as well as some other FOMC participants.
Against this background, all euro area countries concerned are urged to meet the commitments made in the context of the Stability and Growth Pact to structurally improve their fiscal balances. The commitment made in the Eurogroup to reach medium-term budgetary objectives in 2008 or 2009, and by 2010 at the latest, must also be respected by all euro area countries.