January 18, 2017 / 11:21 AM / 2 years ago

German Economy Minister says EU should work on new Stability and Growth Pact

German Economy Minister Sigmar Gabriel addresses a news conference in Berlin Germany, December 19, 2016. REUTERS/Fabrizio Bensch

BERLIN (Reuters) - German Economy Minister Sigmar Gabriel said on Wednesday that the European Union needed to work on a new Stability and Growth Pact because the existing one placed too much emphasis on stability and not enough on growth.

Brussels should also reward member countries for carrying out reforms, Gabriel added.

Reporting by Gernot Heller; Writing by Michelle Martin; Editing by Madeline Chambers

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