EU’s Van Rompuy warns over complacency in euro debt crisis


* Interest rates may rise if budget rules not met-Van Rompuy * Taking sanctions has to be credible – Van Rompuy * Dutch euro exit would be end of EU – Van Rompuy AMSTERDAM, March 4 (Reuters) – European Council President Herman Van Rompuy warned against complacency in handling the euro zone debt crisis and stressed the need for meeting budget rules and reducing deficits. “The crisis is not yet fully over. We have come into calmer waters, true, but the next two years we have to make sure this crisis can never repeat itself,” Van Rompuy told Dutch television programme Buitenhof on Sunday. An agreement for stricter budget rules, signed by European leaders on Friday, and a 1,000 billion euro…

Next Post

GM Will Stop Making Volt Plug-in for 5 Weeks

General Motors Co. (GM), missing sales goals for the Chevrolet Volt plug-in hybrid, plans to halt production of the sedan for five weeks beginning later this month rather than discount the high-technology cars. GM will stop making Volts at its Detroit-Hamtramck assembly plant from March 19 until April 23, Chris […]