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?

1. Statement 1: The 'Stability and Growth Pact' (SGP) is a set of rules designed to ensure that countries in the European Union (EU), particularly those in the Eurozone, pursue sound public finances and coordinate their fiscal policies. It primarily sets limits on government budgetary deficits (generally 3% of GDP) and national debt (generally 60% of GDP). This statement accurately describes the core function of the SGP and is correct. 2. Statement 2: The SGP is focused on fiscal policy coordination and does not mandate the sharing of infrastructure facilities among EU countries. While the EU promotes infrastructure development and connectivity (e.g., through TEN-T networks), it's not a function of the SGP. This statement is incorrect. 3. Statement 3: The SGP does not deal with the sharing of technologies among EU countries. Technology sharing and research collaboration happen through other EU programs and frameworks (like Horizon Europe), but it's not part of the SGP's mandate. This statement is incorrect. 4. Therefore, only one statement (Statement 1) is correct.