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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