European Communities

Part of the debate – in the House of Commons at 9:31 pm on 9 December 1993.

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Photo of Mr Peter Shore Mr Peter Shore , Bethnal Green and Stepney 9:31, 9 December 1993

I am glad that the Chancellor has, at last, mentioned the paper on economic guidelines under the Maastricht treaty. The purport of those guidelines is precisely to bully member states—not necessarily the United Kingdom, but the other member states—into accepting the reduction of their public sector borrowing requirements as quickly as possible to 3 per cent. and, in general, into adopting the deflationary policies of economic and monetary union. Is not it a contradiction for the Commission, which still supports precisely that policy and those commitments, now to come forward in the guise of expansion in the form of Delors proposals mark 2? Is not Mr. Delors suffering from schizophrenia?