Deputy chief of the Bundesbank, Juergen Stark, warned on Tuesday 2 December that the stability and growth pact dispute could lead to increased tensions between politicians and the European Central Bank. "Further damaging the pact would expose the policy regime of monetary union to a very severe endurance test with tensions between the member states," Stark said in speech.
Source: EU Business
The row over the European Stability and Growth Pact was an "institutional crisis" that could lead to inc
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