LONDON (MarketWatch) -- The euro could suffer if members of the single-currency area don't respect the European Union's stability and growth pact, which requires governments to keep budget deficits below 3% of gross domestic product except in extreme circumstances. "Germany, as a member of the E.U., has a massive interest in the credibility of the stability and growth pact, which as you know is not taken so seriously by some," Steinbrueck said in a speech to parliament in Berlin, according to Reuters. "If it is not taken seriously, I am telling you, the euro will have trouble one day in terms of its own credibility and stability." The euro slumped versus the dollar to trade at $1.3453, down 0.6% on the day. http://www.marketwatch.com/news/sto...1A-C22C-4DA8-AC12-8AC1529FCF88}&dist=hplatest Thank you for the warning, Mr. Steinbrueck !