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EU limits aggravate problems says Tria

Idea of punishing deviations hasn't worked says minister

Redazione Ansa

(ANSA) - Rome, January 18 - Economy Minister Giovanni Tria said Friday that EU budget rules sometimes make problems worse rather than solving them. "The idea that virtuous public finance behaviour should be imposed with limits that make deviant behaviour increasingly costly has not worked well," Tria said.
    "External limits sometimes aggravate the conduct that they want to correct.
    "But this is what the European architecture was built upon and continues to build upon. "Monetary stability and confidence are essential elements.
    "Today we have monetary stability, albeit perhaps interpreted too rigidly, because it is aiming for an inflation target of 2% and still has not achieved that after two years".
   

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