Ad
The debate on the euro rules has begun (Photo: European Commission)

Bundesbank attacks Brussels' euro reform plans

Commission proposals to reform the rules underpinning the euro today received heavy criticism from Germany's Central Bank, the Bundesbank.

"The Bundesbank is of the opinion that the proposed changes will not strengthen but weaken the stability pact", said the Bank, referring to the euro rules.

The Bank expressed its concern that budgetary discipline would be undermined.

"[The plans] will reduce the incentive for euro zone countries to pursue solid budget policies and, at th...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
The debate on the euro rules has begun (Photo: European Commission)

Tags

Ad
Ad
Ad