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Uh, did it?
by afew (afew(a in a circle)eurotrib_dot_com) on Tue May 10th, 2011 at 09:53:37 AM EST
[ Parent ]
Didn't the German Finance Ministry design the Euro convergence criteria  under Theo Weigel, and then later the Stability and Growth Pact?

Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Tue May 10th, 2011 at 10:07:22 AM EST
[ Parent ]
They certainly had a lot of input (not particularly starry-eyed or visionary, btw), accepted by partners who wanted to tie them in. The expectation was that - as had happened before - there would be further moves towards "greater union" in terms of economic governance because everyone, the Germans included, would simply be forced into them by circumstances. But Germany stood by monetarism and moved towards mercantilism, and the whole continent got converted to marketista theology which prevented either right or left governments from reacting to that.
by afew (afew(a in a circle)eurotrib_dot_com) on Tue May 10th, 2011 at 10:24:53 AM EST
[ Parent ]
Why did Germany "need to be tied in", and why into a monetary union?

Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Tue May 10th, 2011 at 10:29:43 AM EST
[ Parent ]
To mitigate German hegemony...

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Tue May 10th, 2011 at 10:39:03 AM EST
[ Parent ]
Then a monetary union is exactly the wrong tool.

Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Tue May 10th, 2011 at 11:05:07 AM EST
[ Parent ]

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