France warned over stability pact violation

France's intention to effectively ignore the EU's stability and growth pact brought warnings on Wednesday to stop challenging the rules underpinning the euro, or risk causing long-term harm to the credibility of the single currency.

Nikos Christodoulakis, who chairs the Ecofin council of European Union finance ministers, said if France failed to respect the stability and growth pact it would send a damaging signal to countries waiting to join the euro.

The finance minister of Greece, holder of

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