IMF's Rato criticises EU rules

International Monetary Fund chief Rodrigo Rato attacked reforms of the eurozone's budget rules Thursday 14 April saying the pact had "served Europe well".

Rato said the IMF would look at the reforms "with great interest."

"We believe and I believe that the Stability and Growth Pact has served Europe well," he told a news conference on the eve of a meeting of finance ministers from the powerful Group of Seven nations. "In a very difficult moment of very low growth in many countries, the pact has

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