EU budget plans would hurt ECB policy, says Buba

The Bundesbank said the European Commission's intention to relax budget rules would damage the European Central Bank's ability to set interest rates in the eurozone, according to Bloomberg, which quoted an email.

``The conditions for monetary policy in the currency union would deteriorate'' if the proposals were approved, Germany's central bank said in an e-mail, according to Bloomberg. ``Healthy state finances are a fundamental precondition allowing the European System of Central Banks to kee

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