HC Deb 22 June 1978 vol 952 cc305-6W
Mr. Wrigglesworth

asked the Chancellor of the Exchequer if he will make a statement about the meeting of the Finance Council in Luxembourg on 19th June.

Mr. Lee

asked the Chancellor of the Exchequer if he will make a statement on the recent meeting of Finance Ministers of the EEC and the representations made to him by his German and other colleagues.

Mr. Joel Barnett

The EEC Finance Council met under Danish presidency on 19th June in Luxembourg.

The Council agreed its contribution, on economic and monetary questions, to the report on the preparation of a common strategy to deal with the economic and social situation in the Community, which the Foreign Affairs Council will submit for discussion at the next meeting of the European Council in Bremen on 6th-7th July.

There was a meeting earlier in the day of the Conciliation Committee, consisting of the Finance Council and a delegation from the European Parliament, to discuss the proposal to empower the Commission to contract loans for the purpose of promoting investment in the Community. It was agreed that the committee would resume its discussion on 24th July.

The Council heard statements from the Commission and the French representative on the proposal for a regulation applying the European unit of account to acts adopted by the European Communities, and the Council instructed the Committee of Permanent Representatives to continue its work on the subject.

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