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Brussels unveils 'more intelligent' euro rules

Proposals to reform the EU's beleaguered economic rules were unveiled on Friday (3 September) in a bid both to restore confidence in the Stability and Growth Pact and to end the rows between member states that have dogged the Pact in recent years.

The plans are a compromise package, with elements included to please both hardline supporters of the pact in its present form - such as Austria and the Netherlands - and those that advocate a loosening of the rules, notably France and Germany...

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