Liebscher slams Stability Pact spoilers

European Central Bank governing council member Klaus Liebscher said Wednesday that euro zone states must respect the terms of the Stability and Growth Pact.

Liebscher said countries whose budget deficits had exceeded the 3 percent ceiling set down in the pact must restore fiscal discipline to maintain confidence in the euro zone.

Germany insisted on the terms of the Stability and Growth Pact before agreeing to dump the Deutschmark in favour of the euro. German officials said they were concerned

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: