EU needs a more 'intelligent' pact - Pascal Lamy

Speaking during a visit to China EU Trade Commissioner Pascal Lamy said the EU's Stability and Growth Pact needs to be "modernised and whipped into shape" and needs to be a more "intelligent" pact.

Source: EU Observer

EU Trade Commissioner Pascal Lamy has reignited the ongoing scrap over the Stability and Growth Pact - the strict set of laws governing the tax policies of Member States in the Eurozone.

The pact needs to be "modernised and whipped into shape", according to Mr Lamy, who was speaki

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