{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Germany - EMI warning over finances' data-url='/boclips/videos/5c54bc40d8eafeecae12b36d' data-video-url='/boclips/videos/5c54bc40d8eafeecae12b36d' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nGermany - EMI warning over finances\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eThe European Monetary Institute (EMI) warned the pillars of the single currency, Germany and France, to strengthen their public finances, and issed reservations about the readiness of Italy and Belgium on Wednesday (25/3).It said that...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eThe European Monetary Institute (EMI) warned the pillars of the single currency, Germany and France, to strengthen their public finances, and issed reservations about the readiness of Italy and Belgium on Wednesday (25/3).\u003cbr/\u003eIt said that four other countries - Ireland, Finland, Luxembourg and Sweden - also had to make \"considerable\" efforts to be sure of putting their public finances on a sound footing by January 1, 1999, when the single currency and stability pact take effect.\u003cbr/\u003eThe EMI found fault with the state of public finances in Germany and France, warned about the weight of public debt in Italy and Belgium, and said that Finland, Ireland, Luxembourg and Sweden also had to make a big effort to ensure that their finances were sound on a lasting basis.\u003cbr/\u003eSOT Wim Duisenberg,  head of the European Monetary Institute (EMI) : \"We in our report conclude that the conditions necessary to maintain an environment conducive to low inflation and growth have improved within the context of the future single monetary policy. These achievements will have to be consolidated. It is of particular importance that member states enhance the flexibility to which national labour and product markets respond to countries specific development. The elimination of structural and institutional rigidities, in addtion to   continued wage moderation, should strengthen competitiveness and accelerate job creation and it is the key to bringing down the level of\u003cbr/\u003estructural unemployment in Europe. Concerning the sustainability of government financial prostions the EMI wishes to emphasise to a varying degree, further substantial fiscal consolidation is required in most member states\";\u003cbr/\u003eCutaway journalists;\u003cbr/\u003eSOT Wim Duisenberg: \"The difference is that the report contains in effect a rather strong recommendation to these countires to keep up the pace at which they will continue to achieve the high degree of sustainable convergence which they have already achieved. We simply wanted to draw attention that the process is not over yet, that sustainability means that it also has to be assured in the future\";\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" 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