Euro reforms make economic sense - Eichel

German Finance Minister Hans Eichel said in an interview on Tuesday 22 March the deal easing the rules that underpin the euro means the pact can now be used in an economically smart, growth-oriented way.

In an interview with The Associated Press' German service, Eichel said on Tuesday that looser euro rules make economic sense because they free up public spending that can trigger growth. He added the stability pact was not dead.

"The pact was ... adjusted toward stability and growth. It can now

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