Schaeuble warns against loosening stability pact

EU needs to stick to agreed rules, German finance minister says

(ANSA) - Berlin, June 24 - 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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