European Stability and Growth Pact (Hansard, 23 January 2003)

HC Deb 23 January 2003 vol 398 c422W 422W

§ 22. Mike Gapes
To ask the Chancellor of the Exchequer if he will make a statement on his policy concerning reform of the European Stability and Growth Pact. [92754]

§ Ruth Kelly
This Government has consistently made clear that it supports a prudent interpretation of the Stability and Growth Pact, which takes into account the economic cycle, sustainability and the important role of public investment. A prudent interpretation of the Stability and Growth Pact will provide a long-term solution and strengthen fiscal discipline. We continue to discuss this with our EU colleagues.