Stability Pact | All of Deutsche Welle′s social media channels at a glance | DW | 04.12.2003
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Stability Pact

Germany's and France's successful resistance to EU sanctions for violating the euro zone's Stability and Growth Pact has been described by some as the pact's death-blow. DW-WORLD readers weigh in on the matter.


German Finance Minister Hans Eichel and Chancellor Gerhard Schröder have managed to avoid EU sanctions so far.

You are at the beginning of a new European relationship, and like any human creation it may need some adjustments in the beginning. Secondly, although it is good for disciplinary purposes to have such a pact, it should be realistic. The man who exceeds the speed limit on the road by 5 mph does not get fined the same as the man who exceeds the speed by 50 mph. It needs proportionality in terms of degree and frequency and in comparison to other member states and the situation.
-- Paul A. OstermannThe EU, much like its mechanisms, has been unfortunately created and configured by the elite/elitist individuals and entities of their respective nations. With fewer choices and options to explore or implement, they are now beginning to realize that socialist mechanisms (some of which finally destroyed the Union of Soviet Socialist Republics) are no longer viable. Thus, the introduction of hurried and forced reforms. With the typical attitude and/or mindset of arrogance and superiority, France and Germany established the fiscal rules which, ironically, they are now seen to be totally incapable of implementing or following. To abolish the (In)Stability Pact completely would be totally embarrassing to that group of elitists. This leaves only one choice, and that is for the two "biggest kids" to dilute the credibility of this fiscal mechanism. This will undoubtedly destroy whatever positive notions the citizens of Great Britain and other nations might have held for the EU/Euro project.
-- Roberto Figueroa, San Francisco, California

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