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War with Iraq is not an excuse for loosening the terms of the Stability Pact. (Photo: EUobserver)

EU 15 argue over stability pact flexibility

Germany, Britain and France want to make the controversial growth and stability pact rules more flexible, but this plan is facing strong resistance as almost half of the EU member states have expressed their doubts about such reform, reports the Financial Times.

The Commission has proposed a plan, under which countries with sound economies would be given rewards, while those with high debt and persistent deficits would face no mercy.

Last year in October Romano Prodi, European Co...

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War with Iraq is not an excuse for loosening the terms of the Stability Pact. (Photo: EUobserver)

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