Stability pact talks making "good progress"

EU Finance Ministers called an emergency negotiating session in the early hours of Tuesday morning, 8 March, on the stability and growth pact rules after marathon talks broke up without an agreement.

"We have made good progress, it's still difficult but we are progressing toward an agreement," Jean-Claude Juncker, Luxembourg prime minister, said after chairing the marathon 10 hours of discussion.

The Euro Stability and Growth Pact (SGP) was agreed in 1997 to ensure that national budgetary polic