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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (26056)	3/21/2005 10:09:47 AM
From: mishedlo	Read Replies (1) of 116555

Eichel ´very satisfied´ with EU stability pact deal [Germany happy with stability pact deal but details not yet announced - mish] Monday, March 21, 2005 10:33:09 AM afxpress.com Eichel 'very satisfied' with EU stability pact deal BERLIN (AFX) - German Finance Minister Hans Eichel said he is "very satisfied" with the results of the EU agreement on reforming the stability and growth pact In a statement, Eichel said EU finance ministers reached a "good political agreement" The pact is now "more rational economically, more growth-friendly" and makes it more possible to review countries on a case by case basis, he added In Germany's case, he said, this means the costs of reunification as well as the fact that the country is the biggest contributor to the EU budget will be taken into consideration He said the changes agreed upon include, among others, considerations on a country's economic growth and phases of stagnation It also includes a "reasonable and more realistic" time frame for measures to cut budget deficits, he added

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