Bundesbank- German deficit may make ECB job harder

Bundesbank Chief Economist Hermann Remsperger said in an interview a third breach in as many years by Germany "would further damage the credibility of Europe's stability and growth pact, which would ultimately make a stability-oriented monetary policy even more difficult".

Source: Bloomberg

Bundesbank Chief Economist Hermann Remsperger said German government plans to increase borrowing risk breaching European Union budget deficit rules next year and hurt the European Central Bank's monetary pol