According to press reports, the European Commission will soon suspend disciplinary procedures against France and Germany for repeatedly breaching the rules underpinning the euro, bringing to an end a long period of uncertainty and acrimony.
The disciplinary procedures – which can result in billion euro fines – were initiated against Paris and Berlin for failing to adhere to the rules of the EU’s Stability and Growth Pact.
This Pact states that EU members may not have budget defi...
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