EC to consider war when evaluating Pact

Romano Prodi has indicated that war in Iraq will be taken into account when assessing member countries' deficits under the stability and growth pact.

Source: BizWorld

The European Commission will take into account the "exceptional circumstances" of the war in Iraq when it evaluates the deficits of member states with regard to the Stability Pact, European Commission president Romano Prodi said.

The impact of the war will depend on several factors, most notably its duration, its magnitude and its

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