Editing Deutsche Mark (section)

==Stability==
The German mark had a reputation as one of the world's most stable currencies; this was based on the [[monetary policy]] of the ''Bundesbank''. The policy was "hard" in relation to the policies of certain other central banks in Europe. The "hard" and "soft" was in respect to the aims of inflation and political interference. This policy was the foundation of the [[European Central Bank]]'s present policy{{clarify |reason=For quite some time the ECB has been accused by German politicians and economists for abandoning this idea in favor of a softer euro and supposedly politicized decisions like QE. Referring to a "present" policy seems to be outdated or a POV statement, judged differently by various observers.  Referring to an initial policy or the treaty framework governing it seems to be more appropriate and less controversial.|date=January 2018}} towards the euro. The German mark's stability was greatly apparent in 1993, when speculation on the French franc and other European currencies caused a change in the [[European Exchange Rate Mechanism]]. However, it should be remembered that "hard" is relative only if it is compared to other currencies, as in its 53-year history, the purchasing power of the German mark was reduced by over 70%.