§ Mr. BercowTo ask the Secretary of State for Trade and Industry, pursuant to the answer of 6 December, Official Report, column 420W, on the Employment Pact, if it is her Department's assessment that a quantitative evaluation is possible of the practical benefits arising from the European Employment Pact. [105659]
§ Ms JowellI have been asked to reply.
51WThe European Employment Pact brought together three processes: the Luxembourg employment process, the Cardiff economic reform process and the new Cologne macro-economic dialogue. It brings fresh impetus to the promotion of long term, sustainable job creation in a climate of stability and growth. The Joint Employment Report assesses progress against the Employment Guidelines and the Cardiff Reports assess the progress of product and capital market reforms. It is too soon to evaluate the benefits of the Cologne process.