The European Commission has warned Germany that it could face the imposition of radical restrictions on its domestic fiscal policymaking as early as next year if it looks set to exceed the stability pact's deficit limit in 2004. "If Germany breaches the stability pact's 3 per cent ceiling next year, we will present [the] ecofin [group of ministers] with a new recommendation. It is our duty," said Pedro Solbes, the European Unions's monetary affairs commissioner in an interview with FT Deutschland. Mr Solbes' warning puts greater pressure on the German government to bring its fiscal system under control. Mr Solbes...