Stability & Growth Pact

Do the EU treaties inhibit a Labour Government? Much of the debate focuses on industrial policy. Could a Labour Government nationalise an industry? (Yes!) Can it subsidise companies? (Not if this inhibits European companies from entering a market.) Could a Labour Government introduce a minimum wage? (Yes!).  A more interesting question is around Macro-economic policy. Here are my notes on the Stability & Growth Pact (SGP). Continue reading “Stability & Growth Pact”