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Euro

Volume 301: debated on Friday 21 November 1997

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To ask the Chancellor of the Exchequer what plans he has to legislate to enable a person or company in the United Kingdom to require another person to accept payment of the settlement of a debt in euros. [16651]

[holding answer 18 November 1997]: The Government has no plans to legislate to make the euro legal tender in the United Kingdom without participating in the single currency. Firms and individuals can agree contracts in foreign currencies, including the euro after its introduction in participating countries, if they choose to do so.

To ask the Chancellor of the Exchequer if he will place in the Library a copy of the legal opinion of the European Commission lawyers on delaying the introduction of the euro beyond 1 January 1999. [16961]

Any legal advice given by Commission legal service to the Commission, individual Commissioners or the staff of the Commission would be confidential to the Commission.