EC Economic Convergence (Hansard, 13 February 1992)

HC Deb 13 February 1992 vol 203 c600W 600W

§ Mr. Dalyell
To ask the Chancellor of the Exchequer how he proposes to measure convergence between the economies of European Community member states.

§ Mr. Maude
The Maastricht treaty emphasises four criteria for assessing economic convergence. These criteria concern the levels of inflation and interest rates; membership of the narrow band of the ERM; and avoidance of excessive budget deficits.