2  Page 4 of 15  Inequality in South Africa South Africans know that theirs is an extremely unequal country. However, there are some aspects of this inequality which are not well understood. One is that inequality is no longer as completely determined by race as it used to be.
And that change is actually meeting with more approval in Finland than in Germany. But there has been one problem in connection with Finland’s qualification for monetary union. A few months of membership in the exchange rate mechanism of the EMS are lacking. When we in the Bundesbank were drafting our Convergence Report, we racked our brains wondering what we could do.