HC Deb 17 February 1981 vol 999 cc84-5W
Mr. Park

asked the Chancellor of the Exchequer in what circumstances he would consider it appropriate for the United Kingdom to become a fully participating member of the European monetary system.

Sir Geoffrey Howe

The United Kingdom authorities are willing to join the exchange rate mechanism of the European monetary system in circumstances where this can be done without damage to the United Kingdom's economy or economic policies and without threatening the stability of the exchange rate mechanism itself.

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