As you know, the Pact requires EU countries to limit their budget deficit and national debt to 3% and 60% of GDP. But in 2005, Member States decided to reform the Pact.
At the beginning there were still some taxi drivers who did not understand immediately where to bring a passenger who just said: “European Central Bank, please”. Today, the situation is quite different. And the ECB has endeavoured to spread the knowledge of what is happening in there.