European Parliament Press Release

PRESS RELEASE - ECB President warns States to stick to Stability Pact, 21 May.

Speaking today before the Economic and Monetary Affairs Committee of the European Parliament, ECB President, Wim Duisenberg warned countries planning to postpone their obligations under the Stability and Growth Pact. "All Member States must honour the commitments made to achieving balanced budgets by 2003 or 2004", he stated. Later replying to specific questions and in particular his reaction to statements from the