§ Q3. Mr. James Lamondasked the Prime Minister if he will make arrangements to meet the Heads of Government of the other EEC countries to discuss future financial policy.
§ The Prime MinisterHeads of Government already meet as occasion requires. In addition there are regular contacts both among Finance Ministers and among officials.
§ Mr. LamondIs the Prime Minister in favour of moving more quickly towards European monetary union? If not, what is he going to do about the floating pound which is now drifting like a ship without a rudder?
§ The Prime MinisterThe summit communiqué set out the agreement of all Heads of Government, which is to move towards economic and monetary union by 1980. Perhaps the hon. Gentleman will await the speech by my right hon. Friend the Chancellor of the Exchequer.