Economic and Finance Council

HC Deb 14 July 1989 vol 156 c661W

Mr. Bowis

To ask the Chancellor of the Exchequer if he will make a statement on the outcome of the latest meeting of the European Community's Economic and Finance Council.

Mr. Lawson

The ECOFIN Council met in Brussels on 10 July. I represented the United Kingdom.

The Council discussed the economic situation in the Community and the Commission's second quarterly review; and confirmed the economic policy guidelines set out in the 1988–89 annual economic report adopted last December. The Commission and the presidency explained their plans for implementing the decisions on European monetary union reached at the recent European Council at Madrid.