GENERAL NEWS / (eu) ep/stability pact

The "stupid" thing is to apply the Pact's rules while being "blind" to the circumstances, says Romano Prodi, who believes "it is time we said in public what we say in private", and who insists on a strong authority able to coordinate economic policies

Strasbourg, 21/10/2002 (Agence Europe) - The Economic and Monetary Union needs "rules that are clear, effective and command respect. To establish such rules we need an authority that can enforce the rules in the context of interinstitutional cooperation and at the same time act to protect the common good by adjusting economic policy to changing circumstances. The Stability and Growth Pact has been (…) extremely important for the EMU. The Commission (…) has carefully monitored its...