§ Mr. ButlerTo ask the Chancellor of the Exchequer if he will state the Government's policy as to whether economic convergence in the EC and European monetary union will require increased regional fiscal transfers.
§ Mr. MaudeEconomic convergence requires sound economic and monetary policies. If economic and monetary union is subject to proper convergence decisions, it should create the conditions for the growth by all member states; there is no reason why it should justify further expenditure on the structural funds, which will double in real terms between 1987 and 1993.