Parliamentary Search

Early day motion tabled by primary sponsor Ian Davidson (Labour and Co-operative Party), on Thursday, 21 November 2002, in the House of Commons. It is signed by 23 members in total.

PERFORMANCE OF THE EURO

That this House notes that French unemployment has risen for each of the last 17 months; and therefore believes that this indicates that the euro is not working.

Amendments

The Early day motion has received 3 amendments.

179A1
leave out from 'months;' to end and add 'further notes that since leave out from 'months;' to end and add 'further notes that since 1998, French trade with other EU countries as a share of GDP has risen by 12 per cent. and German trade by 18 per cent.; is concerned that during the same period UK intra-EU trade has fallen by 2 per cent.; and therefore believes that membership of the euro is already benefiting French and German trade and would also benefit the UK.'.
179A3
leave out from 'months' to end and add 'further notes that UK exports to the Eurozone have increased 26.4 per cent. since the launch of the euro, French exports to the Eurozone by 22.9 per cent. and Italian exports 20.1 per cent. with the Eurozone average being a growth of 22.8 per cent., these figures coming from Eurostat itself; and therefore notes that Britain in the EU, but outside the euro, has succeeded in growing its exports at a faster rate than the Eurozone average.
179A2
at end add 'and further notes with interest that in December 2002 North Korea will introduce it as its official foreign exchange currency.'.

Secondary information

Type
Early day motion
Reference
179 
179A1 
179A3 
179A2 
Session
2002-03
Subjects
Currencies Economic and monetary union France Euro Unemployment
Link
View this Early day motion on www.parliament.uk