Negotiations between representatives of the European Parliament and the Belgian Presidency of the Council of the European Union on the revision of the Stability Pact have so far failed to make any significant progress, as both parties are unwilling to make any concessions at this stage (see EUROPE B13322A12).
The Belgian Presidency, which is negotiating through its ambassador to the EU, stresses the need to reach an interinstitutional agreement by Friday 9 February, the informal deadline...