Austria's Liebscher defends stability pact

Austrian central bank governor Klaus Liebscher told a conference on Monday November 29 that the European Union's Stability and Growth Pact should be protected from broad-based reforms that would finish up weakening it.

"For the euro's stability and the single currency economy's credibility, it is essential to conserve the stability pact's fiscal rules," Liebscher told a conference sponsored by the central bank on Perspectives and Challenges in Southeastern Europe.

Liebscher's comments were in d

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