Single European Currency: Supply of Money by Banks which Charge Interest

HL Deb 16 November 1998 vol 594 c137WA

Lord Sudeley

asked Her Majesty's Government:

Whether, following the introduction of the single European currency, the supply of money could be removed from banks which charge interest and be reassumed by elected governments, which could issue currency on a debt-free basis. [HL3807]

Lord McIntosh of Haringey

The Government will not be removing the supply of money from banks which charge interest.