EU: Domestic Growth Debate

Full Debate: Read Full Debate
Department: HM Treasury

EU: Domestic Growth

Lord Newby Excerpts
Thursday 25th April 2013

(11 years, 10 months ago)

Lords Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Moved by
Lord Newby Portrait Lord Newby
- Hansard - -



That this House takes note of European Union Documents No. 16669/12 relating to the Annual Growth Survey 2013, and No. 16671/12 relating to the Alert Mechanism Report 2013; supports the five key priorities of the 2013 Annual Growth Survey which are in line with the Government’s domestic growth agenda; supports the Government’s view that it is important to focus on implementation of existing reform commitments; agrees that European Union Member States should continue on the path of growth-friendly fiscal consolidation and increasing competitiveness to support growth and jobs; supports the Alert Mechanism Report and the Macroeconomic Imbalances Procedure as a means of strengthening European economic governance, particularly in the euro area; and supports the Government’s view that is it is right for euro area countries to be subject to more binding surveillance of macro-economic imbalances, with the prospect of sanctions for failing to take corrective action.

Motion agreed.