The rate cut of the ECB has occurred at a time when the strictures of the Financial Stability Pact are taking a severe toll on some of the largest European economies, which can hardly cope with the 3 per cent budget deficit limit.
Reducerea dobanzii de catre BCE s-a petrecut intr-un moment in care Pactul de Stabilitate Financiara marcheaza puternic unele dintre economiile europene, care cu greu se pot inscrie in limita deficitului fiscal de 3,0%.