HC Deb 12 July 1999 vol 335 cc81-2W
Mr. Bercow

To ask the Chancellor of the Exchequer for what reason the current applicants to the EU are not required (i) to adopt the euro immediately on accession or (ii) to join an exchange rate mechanism. [90756]

Ms Hewitt

The accession partnerships between the European Union and the accession countries state that the applicants are not expected to adopt the euro immediately on accession. The partnerships do however require the applicants to pursue policies aimed at achieving real convergence with the European Union, with the ultimate goal of adoption of the euro. The partnerships impose no obligation to join the exchange rate mechanism, which remains voluntary for all member states.