§ 59. Mr. Parkasked the Secretary of State for Foreign and Commonwealth Affairs what new political initiatives he proposes to take to ensure that the Council of Ministers and the other organs of the European Community agree to fundamental long-term reform of the financing of the European Community.
§ Sir Geoffrey HoweAt an early stage in the post Stuttgart negotiations we tabled a proposal for a safety-net arrangement to ensure a fair sharing of the financial burden so that no country has to bear a budgetary burden disproportionate to its relative national wealth. We are continuing to work for a settlement on the lines we have proposed.