Bundesbank chief wants tightening stability pact

Bundesbank president Ernst Welteke has warned that Germany should not abandon its budget consolidation efforts and called for a tightening of the European Stability and Growth Pact rules.

Source: Deutsche Welle

Bundesbank President Ernst Welteke urged for a tightening of the European Stability and Growth Pact rules in a newspaper interview published on Wednesday. The 1997 pact limits the public deficit of euro-zone countries to 3.0 percent of gross domestic product (GDP), a limit which France a

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