Single Currency

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 20th July 2000.

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Photo of Nick Palmer Nick Palmer Labour, Broxtowe 12:00 am, 20th July 2000

Does my right hon. Friend accept that there are three intellectually respectable positions on the euro? The first is to commit to joining immediately as the Liberal Democrats favour; the second is to oppose it on principle, as a section of the Conservative party favours; and the third is to enter it if it is in Britain's best interests and if the currency is a success, as is our policy. Has he given any consideration to including as an option the official Opposition's policy of ruling the euro out for whatever the length of the next Parliament will be—be that one, two or five years—and does he see any intellectual coherence in that?