§ Mr. LeightonTo ask the Chancellor of the Exchequer what definition of real convergence is used for the purpose of policy development in respect of economic and monetary union.
§ Mr. MaudeA number of factors need to be taken into account when assessing the degree of economic convergence among member states of the Community. These include inflation differentials between member states, budget balances in member states, progress towards completion of the single market, and progress towards increasing labour market flexibility in member states.