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Written question asked by David Drew (Labour) on Thursday, 9 June 2005, in the House of Commons. It was due for an answer on Tuesday, 14 June 2005. It was answered by Julian Lewis (Conservative) on Tuesday, 14 June 2005 on behalf of the Treasury.


Euro

Question
To ask the Chancellor of the Exchequer what contingency plans his Department has put in place in the event that countries in the euro zone decide to leave the currency.
Answer

The terms of membership of the single currency for member states without a derogation are set out in Article 4 and Articles 116 through to 124 of the treaty establishing the European Community. The Government's policy on UK membership of the single currency was set out by the Chancellor in his statement to the House of Commons in October 1997.


Secondary information

Type
Written question
Reference
435 c337W;435 c340-1W; 4255
Session
2005-06
Subjects
Euro