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News Archive 2004

15/09/2004
New Pact proposals a pretence of being tough

Speaking ahead of the debate about the changes to the Growth and Stability Pact, Jonathan Evans MEP, Leader of the Conservatives in the European Parliament, said:

"The new guidelines announced last week merely buried the Growth and Stability Pact while pretending to give it new life. The toughest sanctions will now be peer pressure, so we are, I am afraid, back in the situation where breaches of the pact will be traded off against other political demands.

"The Commission has criticised small countries breaking the pact in the past, but the moment countries like Germany and France break their pledges, the goal posts are moved.

"These new proposals are just about letting Germany and France off the hook, while pretending to be coming down hard on them."

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