Tony Benn predicts the anti-democratic nature of the Eurozone crisis, 1998

Declaration by Tony Benn on EMU
European Community Convergence Criteria

Floor of the House of Commons, 21st April 1998

"Two passages in the report are of importance, not just in a debate of this kind in the House, but to many people outside. On page 6, the report refers to:-
"Denmark, Spain, Ireland, the Netherlands, Portugal, Finland and the United Kingdom."

It says:
"These Member States need to exercise firm control over domestic price pressures with regard to, inter alia, wage and unit labour costs. Support is also required from fiscal policies, which need to react flexibly to the domestic price environment."

If I were a nurse whose pay claim had been phased, I would ask why. If a nurse asked me that question, I would reply, "The answer is in this book, because it is a requirement that these controls be exercised in order to equip us for the single currency." I come from Derbyshire, where we are rate-capped, and if, in Derbyshire, people ask me, "Why is Derbyshire, which suffered so much under the previous Government, being rate-capped?" I would answer, "Because of page 6 of the convergence report." "


http://www.publications.parliament.uk/pa/cm199798/cmhansrd/vo980421/debtext/8...

http://www.cvce.eu/content/publication/2005/8/24/bf9ee18c-9ace-47cb-9702-e8ef...

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