The Stability Pact in Europe "is certain" not to be enforced "with the same rules" in the future, European Central Bank President Christine Lagarde said today, but she does not foresee a revision of the deficit and debt ceilings until next year.
After the conclusion of the European talks launched in October to seek consensus among member states on modifying the criteria that frame public finances, "it is certain that the same rules will not be applied," the head of the European Central Bank said in a statement on France Inter, the French public television network.
These stability criteria, which impose a public deficit below 3% of GDP, public debt below 60% of GDP,
(CNA)
CNA
Contents of this article including associated images are belongs CNA
Views & opinions expressed are those of the author and/or CNA
Source
