European Parliament on Pact decision

Christa Randzio-Plath, outgoing chair of the Committee on Economic and Monetary Affairs of the European Parliament, expressed her views on the Stability and Growth Pact issue in this press release, 13 July.

"The conclusion arising from the Court's decision is that the Commission's right of initiative has been reaffirmed and not put into question. The interinstitutional balance between the Commission and the Council is preserved. This is a salomonic verdict. On the one hand, the ruling confirms