Anti-inflation pact to affect candidates

  • 2003-07-24
  • Breffni O’Rourke
RFE/RL PRAGUE - The European Union's growth and stability pact is again at the center of controversy, with the EU's two biggest members – France and Germany – signaling that they will breach the terms of the pact. For the third consecutive year, the two countries expect to exceed the deficit limits set down in the accord. The pact is a measure designed to ensure that EU member states in the common-currency eurozone exercise prudence in their public-spending policies. It requires them to work toward balanced budgets and not to exceed a deficit in any one year of 3 percent of gross domestic p...
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