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Europe Daily Bulletin No. 8781

9 September 2004
Contents Publication in full By article 25 / 42
GENERAL NEWS / (eu) ue/stability pact
Zalm answers Bundesbank criticism of Commission proposals to make pact more flexible by recalling that pact mainly comes under Council responsibility

Brussels, 08/09/2004 (Agence Europe) -The central bank of Germany has cast doubt about how appropriate the measures proposed by the Commission concerning adjustment of the Stability and Growth Pact are (SGP: see EUROPE of 4 September, p.7). The Bundesbank's stance is a call for the Pact not to be weakened and for the goal of healthy public finances to be pursued, but also a criticism of several suggestions made by the Commission in its communication. The Dutch President of the Ecofin...

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