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Image header Agence Europe
Europe Daily Bulletin No. 10201
GENERAL NEWS / (eu) eu/economy

Angela Merkel does not want to change way deficits are calculated

Brussels, 26/08/2010 (Agence Europe) - The idea of including the cost of pensions reforms in calculating deficits does not enjoy the support of the German Chancellor, who says that she is “very reluctant” to agree to developments of this kind in the Stability and Growth Pact (SGP). “I feel that this is a very difficult discussion, which could end up weakening the Stability and Growth Pact. This is the opposite of what we need now”, explained Angela Merkel, who would prefer work to...