Extract from Portillo interview
Wednesday 04 May 1994
Question: You don't want a single European currency? Portillo: No . . . We've always said, firstly, we don't know whether the principle is right . . . but secondly that 1999 seems to us unrealistic. Since the Maastricht treaty was signed some time ago, it's become more unrealistic because, since then, the ERM has collapsed, so one of the precursors of a single currency has fallen by the wayside.
Q: You are talking about joining a club . . . but you don't want the key tenets, federalism and single currency. Do you recommend we pull out? P: No, those are not the key tenets of the club.
Q: Well, they are two of them, you would admit?
P: No, they are two key ambitions of certain members of the club. We joined an organisation principally because we wanted to have a large home market . . . Now, people have come along and said we also want to move to political and monetary union . . . These are the two issues about which the British have the most extreme doubts . . . they do not want to have a single central, European government . . . and they recognise that, if we had a single currency, we would be a long way towards that because . . . if the economic decisions have to be taken centrally, that's a very important part of . . . the sovereignty of any country.'
- 1 Australia to impose 24-hour curfew on all cats to protect endangered species
- 2 Model's video shoot on the beach interrupted by sudden landing of a group of illegal migrants
- 3 The difference between a psychopath and a sociopath
- 4 Black and ethnic minority people twice as likely to be hit by Tory cuts than white people, report finds
- 5 MH370 search: Boeing 777 wing that could match missing plane found on the French island of Reunion
Kate Winslet thanked 'particularly horrible' girl who bullied her at school after Titanic success
Australia to impose 24-hour curfew on all cats to protect endangered species
Israel accused of killing 75 children during day of 'carnage' and war crimes in Gaza war
MH370 search: Boeing 777 wing that could match missing plane found on the French island of Reunion
Madeleine McCann 'not the identity' of fair-haired girl found dead in suitcase in Australia
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Labour leadership contender Jeremy Corbyn says 'we can learn a great deal from Karl Marx'
I am the Jeremy Corbyn supporter that many will tell you doesn't exist
Public anger after French sunbather beaten up by gang for wearing a bikini in Reims park
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
Labour leadership contest: I would never quit the party, says Liz Kendall
£24000 - £25000 per annum: Recruitment Genius: This contract caterer is proud ...
£16000 - £20000 per annum: Recruitment Genius: A fantastic and exciting opport...
£28000 - £32000 per annum: Recruitment Genius: This company is an independent ...
£14625 - £20625 per annum: Recruitment Genius: This role is for an enthusiasti...