Angela Merkel scolds Italy and France over the faltering eurozone recovery | Business |... - 0 views
-
said faltering growth was the direct result of the 18-member currency zone's inability to punish those countries that ran high deficits in contravention of limits set by Brussels.
-
"We have very little, if any, possibility of sanctioning those countries that break the rules," she said.
-
Her comments echoed those of ECB president Mario Draghi, who last month warned that without moves to strengthen the fiscal pact and impose punishments on rule-breaking countries, the eurozone project could flounder.