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European Monetary System

Volume 168: debated on Friday 9 March 1990

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To ask the Chancellor of the Exchequer what assessment he has made of the impact on the future of the European monetary system of the absorption of the East German currency into the West German mark.

Decisions on German monetary union have yet to be taken. The United Kingdom Government are watching developments with interest.

To ask the Chancellor of the Exchequer what progress has been made in fulfilling the conditions laid down by Her Majesty's Government for the United Kingdom's membership of the exchange rate mechanism of the European monetary system; and if he will make a statement.

I refer my hon. Friend to the answer that my right hon. Friend the Prime Minister gave him on 1 March, Official Report, column 276.