§ Mr. SalmondTo ask the Chancellor of the Exchequer at what stage are negotiations on the location of the Eurofed; when a final decision is to be made; and if he will make a statement.
§ Mr. NelsonNo decision has been taken on the location of the European Monetary Institute or the European Central Bank and there is no firm timetable for this decision.
§ Mr. SalmondTo ask the Chancellor of the Exchequer what efforts he has made to support the case for locating all or part of the proposed Eurofed, or the EMI which precedes it, in Edinburgh; and if he will make a statement.
§ Mr. NelsonI have consistently drawn the attention of my EC colleagues to the advantages for the Community in establishing the new monetary institutions in the United Kingdom.