The Euro: Tests for Joining

Part of the debate – in the House of Lords at 2:30 pm on 3rd October 2000.

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Photo of Lord Blaker Lord Blaker Conservative 2:30 pm, 3rd October 2000

My Lords, is the Minister aware that in the past few days the Governor of the Bank of England has said that joining the euro is primarily a political, not an economic question? The Danish people rejected joining the euro on political grounds. If the Prime Minister believes that the five economic tests are a daily topic of conversation in the drawing rooms of this country and that it is because of an anxiety that they are not met that the British people are opposed to joining the euro, as they clearly are, is he not as out of touch on this issue as he was on the fuel crisis?