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Slovakia: Euro

Volume 707: debated on Tuesday 27 January 2009

Question

Asked by

To ask Her Majesty's Government whether they will seek advice from the Government of Slovakia on the process of joining the euro. [HL775]

The Government's policy on membership of the single currency is unchanged. It remains as set out by the previous Chancellor in his Statement to the House of Commons in October 1997, and again in the Chancellor's Statement on the five tests assessment in June 2003. The determining factor underpinning any government decision on membership of the single currency is the national economic interest and whether the economic case for joining is clear and unambiguous.