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German Economy Minister says EU should work on new Stability and Growth Pact
January 18, 2017 / 11:33 AM / 10 months ago

German Economy Minister says EU should work on new Stability and Growth Pact

BERLIN (Reuters) - German Economy Minister Sigmar Gabriel said on Wednesday that the European Union needed to work on a new Stability and Growth Pact because the existing one placed too much emphasis on stability and not enough on growth.

German Economy Minister Sigmar Gabriel addresses a news conference in Berlin Germany, December 19, 2016. REUTERS/Fabrizio Bensch

Brussels should also reward member countries for carrying out reforms, Gabriel added.

Reporting by Gernot Heller; Writing by Michelle Martin; Editing by Madeline Chambers

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