§ Mr. Bodyasked the Minister of Agriculture, Fisheries and Food whether he will specify the powers possessed by any member State of the European Economic Community to fix the value of its own green currency.
§ Mr. StrangThe formal position is that green rate changes must be the subject of a Commission proposal and must be approved by the Council with a qualified majority vote. But it is an accepted convention that green rate changes are primarily a matter for the individual member State concerned.