More flexible EU rules could let Schröder off deficit hook

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Series Details 19.3.05
Publication Date 19/03/2005
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Proposed changes to the European Union's Stability Pact, due to be discussed by EU Finance Ministers in Brussels on 21 March 2005, could give a country five years to bring its deficit below the EU's limit of 3% of GDP if it was in economic difficulties. If this were applied to Germany, Chancellor Gerhard Schröder would have until 2007 to reduce the country's budget deficit.

Related Links
BBC News, 20.3.05: EU ministers mull stability pact http://news.bbc.co.uk/1/hi/business/4365861.stm

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