Trichet sees many euro members breaking pact rules

European Central Bank president Jean-Claude Trichet said Monday 23 May many euro zone governments look set to return deficits above the stability and growth pact's limit of 3 pct of GDP this year.

'While a few countries succeed in maintaining sound budgetary positions, developments in many euro area member states remain disappointing,' Trichet told the EU parliament's economic and monetary affairs committee.

'Unless additional measures are taken, it is looking increasingly unlikely that those

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