European Council

Part of the debate – in the House of Commons at 1:08 pm on 24th March 2005.

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Photo of Andrew Mitchell Andrew Mitchell Shadow Minister (Home Affairs) 1:08 pm, 24th March 2005

Further to the comments of the Governor of the Bank of England this morning, and given that it is in no one's interest that the euro should be anything other than a hard currency, does the Prime Minister accept that the appearance of altering the stability pact for political rather than economic reasons undermines confidence in financial markets, and indeed much more widely? Can he give us any comfort following the meeting that the pact will not be further watered down when the more dominant nations in the EU feel constrained by it?