HL Deb 15 March 2005 vol 670 c126WA
Lord Dykes

asked Her Majesty's Government:

Whether they are satisfied with the result of the European Union stability and growth pact revisions which are currently being negotiated. [HL1672]

Lord McIntosh of Haringey

Discussion of stability and growth pact (SGP) reform is ongoing. The Government continue to support a prudent interpretation of the SGP that takes account of country-specific factors including debt sustainability, the economic cycle and public investment.