But Europe's institutional weaknesses deterred enforcement of this provision: sanctions on countries that breached deficit limits were waived.

但欧洲的体制弱点阻碍了这一规定的执行：对违反赤字限制的国家的制裁被赦免。

youdao

The deteriorating state of public debt as off-budget spending swelled combined with institutional weaknesses and the rigidities imposed by the pegging of the peso to the US dollar, it found.

BBC: NEWS | Business | IMF owns up to Argentina errors