Stability Pact rule changes ruledout: Solbes

Pedro Solbes said Wednesday 18 February that the current terms of the stability and growth pact will be maintained, ruling out any changes to the EU's much criticised budget rules.

"We have reached common agreement that there is no scope and no reason to modify any aspects of the treaty," European Economic Affairs Commissioner Pedro Solbes said after talks on ways to improve economic management in the EU.

"Excessive deficits have to be avoided, cyclically adjusted budget deficits and the path t