Parliamentary questions
9 September 2010
H-0471/2010
Question for Question Time
to the Council
Part-session: October 2010
Rule 116
Mairead McGuinness (PPE)

 Subject: The possibility of a double-dip recession: sustainability of the 3% target
 Answer 

Can the Council respond to comments by the respected Nobel prize-winning economist Joseph Stiglitz that the European economy risks sliding back into recession due to spending cuts imposed by EU governments in an attempt to reach the 3% deficit limit laid down in the Stability and Growth Pact?

Is this 3% target a realistic one, considering that some Member State finances are under severe strain at present?

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