In fact, when Germany embarked a decade ago on a reform program featuring major cuts to the welfare state and a more flexible labor market, it broke the rules of the eurozone’s Stability and Growth Pact. Public spending had to rise before it could fall, in order to provide some slack while renegotiating parts of the social contract.
事实上，当十年前德国要求采取改革计划大幅削减福利国家和建立更加灵活的劳动力市场时，它破坏了欧元区的稳定和增长公约。公共支出必须在可以下降之前升高，以提供空间重新商定部分社会契约。