What Was the Consequence for European National Governments in Meeting

Multiple Choice

What was the consequence for European national governments in meeting the fiscal standards to join the monetary union?

A) Governments sparked considerable economic growth as they balanced their budgets.
B) Governments drastically reduced their borrowing, freeing more capital for business investment.
C) Governments had to reduce health and social benefits for their citizens.
D) Governments had to substantially increase taxes on service industries.