Part of the debate – in the House of Commons at 3:30 pm on 30 October 1990.
Does my right hon. Friend accept that a single European currency is not a soft option but a harsh option and that the introduction of a single currency, without first achieving a single European market and then a single European economy, would be an extremely harsh option? Does my right hon. Friend accept also that it would benefit neither the consumer nor the producer fairly but merely the bureaucrat, and therefore lead us down a trail towards not only a federal Europe but an undemocratic, bureaucratic federal Europe?