European Council

Part of the debate – in the House of Commons at 1:08 pm on 24th March 2005.

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Photo of Robert Walter Robert Walter Conservative, North Dorset 1:08 pm, 24th March 2005

The Prime Minister referred to the relaxation of the growth and stability pact. When he agreed to that at the European Council meeting, had he taken the advice of the Governor of the Bank of England? When the Governor appeared before the Treasury Committee this morning, he was critical of that decision and said that if you want monetary stability you have to have a set of rules and stick to them.