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German political leader calls stability pact into question

As Germany is set to break the EU's budget rules for a fourth year in a row, the leader of the governing social democrats Franz Müntefering has now suggested the country might ignore these rules altogether.

Speaking at a party conference in Berlin yesterday (11 May), Mr Müntefering said that the budget deficit ceiling of three percent of gross domestic product as laid down in the EU stability pact - the rules underpinning the euro currency - was less important than investing in researc...

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