Also convincing investors that the ECB wants to get back into its nascent monetary tightening process was a report showing German factory orders jumped by 2.8% in April.
Mr Delors himself, in a seminal report of 1989 launching the process of monetary union, warned about the dangers of economic imbalances and the risk that states could be shut out of bond markets.
Inflation is the process by which monetary authorities devalue their currency, and as Zimbabwe is teaching us now, one way to devalue is to overissue the currency in question.
Myanmar officials wanted to move more quickly on the currency liberalization than International Monetary Fund advisers suggested, according to people familiar with the process.
After a report last year by Alexandre Lamfalussy, a former head of the European Monetary Institute, the European Union is trying to accelerate the process of tearing down barriers to a single capital market.