The experience of wartime inflations and de facto defaults in the twentieth century made the theme of responsible finance a crucial part of a new European consensus. A foundation of the European integration process was recognition of the importance of a stable currency to political legitimacy.
20世纪的战时通货膨胀以及实质性赖账的经验使负责任的财政成为新欧洲共识的一个重要主题。而欧洲一体化进程的其中一个基础就是承认一个拥有政治合法性的稳定货币的重要性。