Written question asked by Austin Mitchell (Labour) on Thursday, 6 November 1997, in the House of Commons. It was due for an answer on Monday, 24 November 1997. It was answered by Baroness Liddell of Coatdyke (Labour) on Monday, 24 November 1997 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, from what decisions relating to the European Single Currency other than those determined in treaties or protocols concerning the operation of the European Monetary Institute, the European System of Central Banks or the statutes and duties of the European central banks of member states, unable or unwilling to participate in the single currency, or the representatives of their respective central banks, will be excluded.

Answer: Mr. Mitchell: To ask the Chancellor of the Exchequer from what decisions relating to the European Single Currency--other than those determined in treaties or protocols concerning the operation of the European Monetary Institute, the European System of Central Banks or the statutes and duties of the European central banks-- member states unable or unwilling to participate in the single currency, or the representatives of their respective central banks, will be excluded. [15436] Mrs. Liddell: All decisions relating the European Central Bank (ECB) will be taken pursuant to the Treaty establishing the European Community, including its various Protocols, in particular Nos. 3, 4, 8 and 11, which collectively lay down the rights and obligations of participating and non-participating member states and their National Central Banks.

Secondary information

Type: Written question
Reference: 15436; 301 c357W
Session: 1997-98
Subjects: Economic and monetary union European Central Bank European Monetary Institute