In its formal reaction to the draft constitution for the European Union, the European Central Bank (ECB) has called for the constitution to explicitly recognise "price stability" as one of the European Union (EU)'s key objectives. Currently the draft treaty talks about the goal of "balance economic growth" in the key objectives section, leaving explicit mention of price stability until later when it refers to it as a"guiding principle". The ECB's submission aruges that the pursuit of "non