In the early 2000s, Germany was struggling to adhere to euro-zone criteria aimed at ensuring common currency stability. Instead of introducing austerity, however, Chancellor Gerhard Schröder simply launched an effort to change the rules. New documents show just how key his role was in weakening the Stability Pact.
international/germany/ chancellor-gerhard-schroeder- key-in-weakening-the-euro- stability-pact-a-844458.html
Check the article at:http://www.spiegel.de/
|Chancellor Gerhard Schröder - profile on a coin|