A German government source
said Wednesday that the EU Stability and Growth Pact must be
respected when it comes to accounting for investment spending in
budget calculations. The source was commenting on the
possibility proposed by Italy of extracting investments on major
projects from budget calculations. "The rules of the Stability
Pact must be followed on investment calculations," the source
said. "It will be up to the European Commission to evaluate...
the Pact already contains a certain degree of flexibility".
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