RE-ESTABLISHING NATIONAL CURRENCIES IN THE EU

Early day motion 663, tabled 21 July 2005 by Kelvin Hopkins (Labour). Signed by 10 members.

That this House notes with interest recent suggestions by senior Italian politicians that Italy should leave the euro and re-establish the lira; further notes leaked discussions by senior German government representatives about how Germany might return to the Deutschmark; welcomes the statement by Christian Noyer of the Bank of France who sits on the European Central Bank governing body that it is possible for a member government to leave the euro; believes that a recent HSBC bank study conclusion that the current path of the euro-zone is unsustainable suggests that a euro-zone crisis is approaching; and calls on the Government during its EU Presidency to offer any necessary assistance and advice to euro-zone governments seeking to re-establish their national currencies.

Signatures by party: Labour 8, DUP 2.