Reform of EU stability pact mooted

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Series Details 17.8.01, p1
Publication Date 17/08/2001
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In an interview on 16 August 2001, the German finance minister, Hans Eichel, said that in future there may be changes to the European Union's stability pact, which enforces fiscal discipline in the eurozone. In his view it could be beneficial to focus more on spending targets than adhering to rigid annual deficit reduction.

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