Euro

- Thursday, 16th October 2003

 

Mr. Peter Lilley (Hitchin and Harpenden): Can the Minister confirm that if any country that is already a

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member of the euro were to apply the five tests that the Chancellor applies and find that the euro was not in its national interest, as would appear to be the case from some of the statistics that he has given, there is absolutely nothing that that country could do about it? In the course of the Minister‘s education campaign, does she spell out the fact that membership is irrevocable?

Ruth Kelly: We have, of course, emphasised the strategic importance of decisions on the euro, which is why we are committed to a triple lock on the euro decision?a vote in Cabinet, a vote in Parliament and a referendum of the British people. The quality of the analysis that the Treasury undertook in its assessment of the five national economic tests to see whether it is in Britain‘s national interest to join was widely commended throughout Europe whenever it was presented. see whether it is in Britain‘s national interest to join was widely commended throughout Europe whenever it was presented.

 

 

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