§ Q105. Mr. Teddy TaylorTo ask the Prime Minister if she will raise at the next meeting of the European Council the degree of progress made by member states in achieving freedom of currency exchanges; and if she will make a statement.
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§ The Prime MinisterThe timetable for the removal of restrictions on movements of capital by member states is set down in a Council directive of 24 June 1988 and was endorsed by the European Council in Hanover in June 1988. Removal of these restrictions is essential to the completion of the single market and it is in the interests of all member states that the timetable is met.