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Early day motion tabled by primary sponsor Teddy Taylor (Independent Conservative), on Monday, 6 March 1995, in the House of Commons. It is signed by 6 members in total.

REALIGNMENT OF PESETA AND ESCUDO AND EMU

That this House, noting the further realignments of the Peseta and Escudo, considers that these events again expose the economic nonsense of a system which is based on a assumption that a substantial number of nations can converge their economies and maintain fixed exchange rates; offers its sympathy to the many millions of unemployed persons in Europe who are suffering from this absurd and illogical policy; and urges Her Majesty's Government to seek to ensure that the basic principles of European Monetary Union be reconsidered at the 1966 Inter-Governmental Conference.

Amendments

The Early day motion has received an amendment.

REALIGNMENT OF PESETA AND ESCUDO AND EMU (736A1)
The Early day motion has received an amendment sponsored by David Shaw (primary, Conservative) and tabled on Wednesday, 8 March 1995. It has been signed by 1 members in total.
leave out from 'Escudo' to end and add 'as well as considerable changes in interest rates and other currencies' exchange rates; considers that the ERM is inherently unstable; observes that there are very significant differences between the economies, reserves, tax, social security, government debt and unfunded pension liabilities of member states; and believes that these differences result in european monetary union being totally impractical for many years.'.

Secondary information

Type
Early day motion
Reference
736 
736A1 
Session
1994-95
Subjects
Economic and monetary union Intergovernmental Conference
Link
View this Early day motion on www.parliament.uk