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Trichet defends discipline of euro pact

The President of the European Central Bank, Jean-Claude Trichet, has issued a strong warning against changing the euro rules to allow countries that break the pact to slip off the hook.

Speaking in Frankfurt on Thursday (3 February), after an ECB meeting at which interest rates were left at the historically low level of 2 percent, Mr Trichet insisted that the so-called "corrective arm" of the euro rules should remain untouched.

The rules state that EU member states must not run ...

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