Relaxed rules could undermine euro

German-led plans to relax the rules underpinning the euro could undermine the credit ratings of euro zone countries and market confidence in the euro, top economic analysts have warned ahead of a meeting of EU finance ministers today.

The IMF's World Economic Outlook, due in April, will predict that further moves to weaken the euro pact could ultimately come to haunt the euro, the Daily Telegraph reported.

A similar warning is given in a report by Standard & Poor’s to be published today, according to the Financial Times.

Increased borrowing costs for governments and dashed hopes that the ratings of all euro zone countries would converge are looming, the agency said.

Nota:Segundo a TSF o PSD. o PS e o PCP são favoráreis à flexibilização do PEC. Maus tempos avizinham-se...