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European Monetary Union

Volume 268: debated on Thursday 7 December 1995

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To ask the Secretary of State for Foreign and Commonwealth Affairs what is the current status of the economy of each member state of the EC in relation to each of the convergence criteria for European monetary union in the Maastricht treaty. [160]

I have been asked to reply.The question of which countries fulfil the necessary conditions for adoption of the single currency will be decided by the Council, meeting in the form of Heads of State or of Government. The latest Commission forecasts, released on 22 November 1995, provide information on the current status of each member state. The forecasts are available in the House of Commons Library.