On Thursday 8 September, Economic and Monetary Affairs Commissioner Pierre Moscovici disagreed with figures in France who believe or say they believe that the Stability and Growth Pact (SGP) could be watered down.
The commissioner said there was no question of dismantling it, as far as he was concerned. He pointed out that the 3% of GDP threshold for public deficits was laid down in the European treaties, which will not be amended any time soon.
The commissioner therefore said that the...