Fiscal policy, as measured by the unadjusted deficit of general government as a percentage of GDP, has resulted in higher deficits in all EMS countries after 1979 with a slight increase in the standard deviation for the group of EMS countries.
non depurato del settore pubblico in percentuale del PIL, ha dato luogo, dopo il 1979, a disavanzi più alti in tutti gli Stati dello SME e a un lieve aumento del loro s.q.m.