German stability pact has flexible options, says spokesman

(AGI) Berlin, June 23 - The German stability and growth pactalready offers options for a flexible application of the pactin certain instances, said Chancellor Angela Merkel'sspokesman, Steffen Seibert. He said that extending deadlinesfor reducing deficits is possible and has already been applied,for example when the economy contracts further, or investmentsare made in structural reform. . .

(AGI) Berlin, June 23 - The German stability and growth pactalready offers options for a flexible application of the pactin certain instances, said Chancellor Angela Merkel'sspokesman, Steffen Seibert. He said that extending deadlinesfor reducing deficits is possible and has already been applied,for example when the economy contracts further, or investmentsare made in structural reform. . .