Any calls for more stimulus spending, less austerity or looser monetary policy face entrenched resistance in powerful Germany.
The government's proposals for deep spending cuts pushed by the International Monetary Fund have met angry resistance in a country where one out of three people is employed in the civil service, which until now has guaranteed jobs for life.
Budget stimulus, bank recapitalizations and, at least early on, monetary policy were sluggish because of German resistance.
Richard McGuire of Rabobank We wonder whether the 'Troika-esque' appearance of the ECB's Outright Monetary Transactions (OMT) might result in Spanish resistance to petitioning for such a bailout.
Consequences of antibiotic treatment of unexposed individuals include adverse drug reactions, increased risk of antimicrobial resistance, depletion of antibiotics, and monetary costs [ 15].
But precious as it is, there's long been resistance to assigning the resource a monetary value.
The US and the International Monetary Fund (IMF) have urged restructuring of the debt but face resistance from EU states, particularly Germany.
This included strong social programmes to relieve poverty and resistance to international economic orthodoxy promoted by the International Monetary Fund (IMF), but also led to strained relations with the country's agricultural and business sector.
Bernanke attributed the eurozone's stubbornly high unemployment mostly to inadequate monetary and fiscal stimulus -- casualties of what he called "political resistance".
Germany insisted on the 'stability pact' - the monetary union rulebook - as the price of its assent against tough resistance from Italy and France.
"This development raises the prospect that, over the next year, monetary policy will be trapped between the tightening needs of overheating countries and resistance to higher real rates from low-inflation ones," economists at Salomon Smith Barney said in a recent report.
