Over an informal breakfast during the Ecofin Council session in Luxembourg on Tuesday 10 October, the finance ministers of the EU expressed their differences of opinion over the margin available to the European Commission to assess the structural efforts each member state must make in the framework of the preventative arm of the Stability and Growth Pact.
Under the rules of the pact, once it has joined the preventative arm (public deficit of less than 3% of GDP in nominal terms) a member...