Schröder calls for more flexibility on euro rules

German Chancellor Gerhard Schröder has launched himself into the debate surrounding the reform of the rules underpinning the euro.

Writing in both today's Financial Times and FT Deutschland, ahead of a meeting of euro zone finance ministers this evening, Mr Schröder called for a loosening of the stability pact's rules.

Under the pact, which has been repeatedly breached by Germany, countries may run a budget deficit of no more than three percent of GDP.

"The stability pact wi...