ECB's Padoa-Schioppa sees no threat to growth pact

ECB board member Tommaso Padoa-Schioppa has said that despite the changes to the stability and growth pact, its long term credibility is not under threat. He said he did not share speculation the decision could spell the end for the Stability and Growth Pact but said it would not be quickly forgotten.

Source: Reuters

The long-term credibility of the European Union's growth pact is not under threat despite EU finance ministers bending its rules, ECB board member Tommaso Padoa-Schioppa was quoted as

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.