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

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

.