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A new pact (Photo: European Commission)

Ministers clinch deal on euro rules reform

EUOBSERVER / BRUSSELS – After months of complex and occasionally acrimonious debate, EU finance ministers have reached a deal on the reform of a key plank of the union’s economic policy.

An agreement was reached on how to reform the EU's infamous Stability and Growth Pact - the set of rules underpinning the euro – after 12 hours of emergency talks beginning on Sunday (20 March) afternoon.

Ministers will now draw up a report for EU leaders, who will rubber stamp the deal at a summ...

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