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Read the following paragraph and answer the question that
follows.
A. The
treaty tests of a budget deficit no bigger than 3% of the GDP and a public
debt
converging towards a ceiling of 60% of a GDP seemed impossible for Italy to
pass by
1999.
B. That Belgium also had a public debt above 100 percent of GDP helped, as did
a special
euro tax Mr. Prodi introduced.
C. Into the uncompromising environment came the first of a series of external
shocks.
One of the earliest was entry into the European single currency, the euro, in
1999.
D. But when it became clear in 1997 that Spain was determined to join from the
start,
Romano Prodi, then Italian prime minister, decided that Italy, as a founder
member of
the bloc, must be there too.
E. Germany had more or less designed the 1992 Maastricht treatyโs convergence
criteria
to keep out a profligate, chronically indebted Italy.
Which of the following sequences is the MOST logically ordered?
Coming Soon...
Choice E is the correct answer.
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