Finance: Eurozone

House of Lords written question – answered at on 12 October 2011.

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Photo of Lord Stoddart of Swindon Lord Stoddart of Swindon Independent Labour

To ask Her Majesty's Government what means the European Union can employ to force member states to remain in the eurozone against their wishes.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

It is not Her Majesty's Government's policy to comment on other member states' decisions regarding their membership of the single currency. There is no provision in the treaties for withdrawal from economic and monetary union once a member state has adopted the euro as its currency.

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