Written question asked by Austin Mitchell (Labour) on Tuesday, 2 June 1998, in the House of Commons. It was due for an answer on Monday, 8 June 1998. It was answered by Baroness Liddell of Coatdyke (Labour) on Monday, 8 June 1998 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what recent changes have been made to the remit of the European Union Monetary Committee; and what is its role in relation to (a) the EMI and (b) the ECB.

Answer: Mr. Mitchell: To ask the Chancellor of the Exchequer what recent changes have been made to the remit of the European Union Monetary Committee; and what is its role in relation to (a) the EMI and (b) the ECB. [44455] Mrs. Liddell: The remit of the Monetary Committee continues to be as set out in Article 109c(1) of the Treaty. In accordance with Article 109c(2) of the Treaty, the Monetary Committee will be replaced by an Economic and Financial Committee at the start of Stage Three of EMU. The ECB shall appoint two members of the Economic and Financial Committee. The Monetary Committee and the Economic and Financial Committee contribute to the preparation of the work of the Council, including with respect to matters involving the EMI and the ECB.

Secondary information

Type: Written question
Reference: 313 c442W; 44455
Session: 1997-98
Subjects: Economic and monetary union European Central Bank European Monetary Institute EC Monetary Committee