Trichet opposes EU agreement on fiscal sanctions

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Jean-Claude Trichet, the president of the European Central Bank (ECB), has refused to endorse a package of fiscal sanctions agreed by European Union finance ministers earlier this week after a measure was applied that enables eurozone member states to evade penalties if they are vetoed by a majority vote.

A report on how to deal with eurozone member states that fail to comply with the rules set out in the stability and growth pact, published by the task force to the European Council on Thursday,

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