Central Banking

ECB suggests relaxation of 3 pct deficit limit

With regular criticisms of the EU's stability and growth pact deficit ceiling of 3 pct of GDP, which several countries have exceeded the ECB is floating the idea of giving more leeway for EU candidate countries struggling to meet the targets so as not to jeopardise their recovery prospects.

In a discussion paper the ECB said a few of the aspirant member states "face a substantial degree of fiscal consolidation" before meeting the stability pact target.

"It is an open question whether these coun

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: