Commission divided on relaxing pact rules: Solbes

Pedro Solbes said Friday that fiscal deficit limits should remain a "key element" of the stability and growth pact but conceded there were different opinions with the European Commission.

Source: Reuters

Some members of the EU Commission think budgetary rules in the eurozone should be relaxed, European Union Monetary Affairs Commissioner Pedro Solbes conceded yesterday.

This follows comments from French President Jacques Chirac that the borrowing limit of3pc of GDP should be eased during the cur