5  BIS Review 88/2000  At the present juncture, it is crucial that the recent increases in import prices do not trigger a wage-price spiral, as has sometimes happened in the past.
The European accounting rules must be fully respected when recording all types of expenditure and revenue. This should be done in a manner that is consistent and stable over time and homogeneous across countries. The procedures must not be vulnerable to political cycles, as stated by the ECOFIN Council. Countries should consider the quality and integrity of their statistics as a matter of priority.