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Merkel says flexibility in EU stability pact should be used
June 25, 2014 / 8:22 AM / 3 years ago

Merkel says flexibility in EU stability pact should be used

BERLIN (Reuters) - German Chancellor Angela Merkel said on Wednesday that her coalition government agreed that countries should use the flexibility built into Europe’s Stability and Growth Pact to promote growth, competitiveness and create jobs.

German Chancellor Angela Merkel attends a session of the lower house of parliament, the Bundestag, about the federal budget in Berlin, June 24, 2014. REUTERS/Thomas Peter

“The German government agrees that the Stability and Growth Pact offers excellent conditions for that, with clear guard rails and limits on the one hand and a lot of instruments allowing flexibility on the other,” she told Germany’s Bundestag lower house of parliament.

“We must use both just as they have been used in the past.”

Reporting by Noah Barkin and Stephen Brown; Writing by Michelle Martin

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