Image

NG5694.jpg

Ref NoNG5694
Alt Ref NoNG5694
Artist or CreatorNicholas Garland
Title or Caption[no caption]
Extent1 item
Published byThe Daily Telegraph
Date04 Feb 1995
FormatPhotocopy
Embedded text or transcriptEurope
Person DepictedHurd; Douglas
Clarke; Kenneth (1940-)
Major; John (1943-)
Implied textThe boyhood of Raleigh
NotesNews : Artwork not dated, date estimated from news. Britain is to set new conditions for joining a European single currency beyond those in the Maastricht Treaty, John Major announced last night. The Prime Minister pleased those on the right of his party with a warning that unless the economic conditions were right "a single currency would tear the European Union apart." At the same time he made plain that he will resist the demands of the Euro-sceptics that he will close off the option of joining a single currency, possibly as early as 1999. Mr Major's delicate balancing act, designed to give the Conservative Party a policy around which it can unite in the run-up to the next General Election, was outlined in a speech to the Thatcherite Conservative Way Forward group in London. His agenda marks a substantial development in the governments European policy. He disclosed that Kenneth Clarke, the Chancellor would use a speech next week to lay down requirements to justify a single currency. Under the Maastricht Treaty strict financial conditions, including levels of inflation have to be met. But in a move that will alarm Britains EU partners, Mr Clarke is to propose that those go further. The compromise will be seen as an important concession to Mr Clarke and the Cabinet Euro-enthusiasts. [Philip Webster, The Times, 4th February 1995]
SubjectsEMU
European Union
Conservative Party
Europe
political disputes
Cabinet
Secretary of State for Foreign and Commonwealth Affairs
Chancellor of the Exchequer
prime ministers
Seaside
Copyright contact detailssyndication@telegraph.co.uk
Relates to cartoonNG5694

Show related Persons records.

Persons
CodePersonNameDatesAboutMultimediaImage
GB/BCA/2075Hurd; Douglas   
GB/BCA/2380Clarke; Kenneth (1940-)1940-   
GB/BCA/2367Major; John (1943-)1943-   
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