The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. John Marshall
To ask the Chancellor of the Exchequer which EU countries are currently achieving the convergence criteria of the Maastricht treaty. [37210]
Mrs. Angela Knight
The question of which countries meet the Maastricht criteria will be decided by the European Council on recommendations from the Commission. On the basis of the latest Commission forecast, Luxembourg, Germany and the UK are likely to have budget deficits below 3 per cent. of GDP and debt ratios below 60 per cent. of GDP by 1996.