Answer:
German unification has acted as an asymmetric contractionary shock on the European Community, not directly through a restrictive stance induced on monetary policy but through the negative transmission of uncoordinated expansionary national fiscal operations.
Explanation:
The unification of Germany fundamentally altered the delicate "balance of powers" established by the Congress of Vienna with the creation of a large, wealthy, and powerful nation-state in central Europe. - APCentral
