Interview with ECB's Papademos

In an interview published this week, European Central Bank vice-president Lucas Papademos said the weakening of the EU stability and growth pact's rules on cutting deficits would increase the chances of an ECB interest rate hike if it led to a weakening of governments' fiscal discipline.

"There is...a serious risk that the revised pact, notably the changes in its corrective arm, may lead to a weakening of fiscal discipline. Such an outcome could affect the prospects for price stability and

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