German chancellor Gerhard Schroder has questioned the ECB as to "whether they have done enough to stimulate growth". He told Pedro Solbes, EU monetary affairs commissioner, on Tuesday that Germany would respect the stability and growth pact's ceiling of 3 per cent of GDP.
Source: Financial Times
Gerhard Schroder, the German chancellor, stepped up pressure yesterday on the European Central Bank to cut rates next week, amid warnings that his country could slide into recession and deflation.
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