European Single Currency

HC Deb 13 July 1995 vol 263 c773W

13. Mr. Wilshire

To ask the Chancellor of the Exchequer if he will make a statement on the proposed single currency for the European Union. [32559]

Mr. Kenneth Clarke

It is now clear, following the European Council at Cannes, that there will be no move to a European single currency in 1997. It is too early to judge whether a successful monetary union will be possible in 1999 or beyond.