Bundesbank urges Brussels to 'reactivate' pact

The Bundesbank urged the European Commission in Brussels Tuesday to "reactivate" the European Stability and Growth Pact in its current form, following a landmark ruling on the EU's strict budget rules by the European Court of Justice.

Click here to read the Bundesbank's statement on its web site

"It is now up to the Commission to put forward new recommendations so that the pact in its current form can be reactivated," the German central bank said in a statement.

"We continue to be of the opinion

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