Consider the following statements : The 'Stability and Growth Pact' of the European Union is a treaty that 1. limits the levels of the budgetary deficit of the countries of the European Union 2. makes the countries of the European Union to share their infrastructure facilities 3. enables the countries of the European Union to share their technologies How many of the above statements are correct?

Answer: A. Only ONE of the three statements is correct (statement 1). The Stability and Growth Pact (SGP) is an EU treaty framework adopted in 1997 to maintain fiscal discipline among Eurozone member states. Statement 1 is CORRECT. The SGP limits FISCAL DEFICIT (general government deficit not exceeding 3% of GDP) and GOVERNMENT DEBT (not exceeding 60% of GDP). These are the famous Maastricht criteria embedded in the SGP. Excessive deficit procedures penalise non-compliant members. Statement 2 is WRONG. The SGP does NOT require members to share infrastructure facilities. Infrastructure sharing (TEN-T, Trans-European Networks) is a separate EU policy area, not part of the SGP. Statement 3 is WRONG. The SGP does NOT cover technology sharing. EU technology cooperation is governed by separate frameworks (Horizon Europe, Digital Europe, EU Chips Act), not the SGP. The SGP is purely a fiscal-disciplinary instrument. Source: European Commission SGP guidelines / Treaty of Maastricht / Eurostat fiscal monitoring.