IMF's Rogoff urges EU stability pact reform

IMF chief economist Kenneth Rogoff has said that the EU's stability and growth pact needs to be implemented differently in the future. He also said he would not be against the European Central Bank cutting interest rates again now.

Source: AFX Asia

The EU stability and growth pact needs to be implemented differently in future, IMF chief economist Kenneth Rogoff said.

"The implementation (of the pact) needs to be modified going forward," Rogoff told a news conference following publication of the

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