§ Mr. CohenTo ask the Secretary of State for Social Security what account he has taken in respect of his legislative proposals to counter fraud of the problems
546WMember states have future liabilities of various kinds, not just of pensions, all of which need to be considered when assessing the future state of the public finances. Furthermore a meaningful assessment should consider assets as well as liabilities. Isolated study of pensions liabilities are therefore not a useful guide to the future financial stability or fiscal policy of any nation state. The convergence criteria of the Maastricht treaty provide a clearly defined basis for forming judgments on eligibility for economic and monetary union in due course.