EU stability pact row threatens reform drive

The imminent accession of 10 countries to the European Union comes at an inauspicious time for the EU project, with the collapse of constitutional proposals and an undermined Stability and Growth Pact. This will alter accession countries' attitudes to their obligations, with consequences for eastern European finance. Julian Evans reports.

Miklos and Raczk
believe weakening of
the Maastricht criteria
and different treatment
for different countries
spells danger for the EU

THE BLOW TO the European Union’s Stability and Growth Pact in November 2003, with France and Germany ignoring the demands of the European Commission to lower their budget deficits, has shaken the EU just as it prepares to welcome new members. On May 1, 10 accession countries will join a union in which the EC is locked in a bitter legal battle with member states.

EU stability pact row threatens reform drive

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EU stability pact row threatens reform drive

Thanks for your interest in Euromoney!To unlock this article:

Currency markets prove resilient in the face of market upheaval

The Trump effect: how tariffs rocked global equity markets – in five charts

Consolidating the consolidators: Why the proposed EU and UK tapes are only the beginning

ISO 20022: The current view

Thanks for your interest in Euromoney!
To unlock this article: