ECB press conference with questions and answers

- Central Banking staff
- 07 Oct 2004

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At the ECB's press conference on Thursday 7 October, following its decision to leave eurozone interest rates unchanged, Jean-Claude Trichet said the ECB's Governing Council is convinced that substantial improvements in the implementation of the Stability and Growth Pact are possible and would be beneficial, while it would warn against a change to the text of the Treaty or the Regulations which form the basis of the Pact.

"We consider the Pact as key to ensuring macroeconomic stability on a

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