German Finance Minister Wolfgang
Schaeuble on Tuesday warned the European Union against loosening
the stability pact and increasing its debt, saying "it's the
worst mistake it can make".
It is necessary to "stick to the rules we agreed together,
no more, no less," insisted Schaeuble in reference to fiscal
policies including strict limits on government deficit and debt
adhered to by all EU member states.
That Germany is expected to balance its budget in 2015 for
the first time in 45 years "shows that this path is possible",
Schaeuble said.
"Let's not repeat the mistakes of the past," Schaeuble told
the Bundestag.
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