Below is the text of Mr Major’s response on the European Monetary Union held on 18th January 1990 in the House of Commons.
Mr. Day To ask the Chancellor of the Exchequer what representations he has received on the Delors plan for a three-stage advance towards the full integration of European Community economic and monetary policies.
Mr. Major I have received a number of representations.
Mr. Day Does my right hon. Friend agree that the current arguments surrounding the Delors plan, particularly in the area of economic sovereignty, do not, as is often thought, offer us a choice between the Prime Minister’s vision of a free market in Europe and a federal Europe, but rather offer the prospect of a single unitary European state about which both federalists and free marketeers should be equally alarmed?
Mr. Major I share that view and believe that that danger exists with the full stages, 1 to 3, of the Delors proposals. I recollect that the House was almost united in rejecting those proposals some time ago.