§ Lord Shore of Stepneyasked Her Majesty's Government:
Further to the Written Answer by Lord McIntosh of Haringey on 20 April (WA 139), and in the light of the depreciation of the euro against the pound sterling and other currencies since its launch on 1 January 1999, on what occasions the Chancellor of the Exchequer has raised the problem of undervaluation of the euro with his fellow members of ECOFIN (Economic and Finance Council of Ministers); and with what results. [HL2317]
§ Lord McIntosh of HaringeyAs I set out in my Answer on 20 April, the Chancellor of the Exchequer meets regularly with other Ministers in the Economic and Finance Council of Ministers (ECOFIN), and a wide range of economic and financial issues are discussed.