Proposed Name Of European Single Currency

EDM number 220 in 1995-96, proposed by Austin Mitchell on 18/12/1995.

That this House regrets the decision by the Madrid Council to call the proposed European currency the Euro, a boring title which has unpleasant connotations in both Britain and Denmark, which could give rise to ridicule; believes that such a name is insulting to those European countries which do not belong to the European Union and even more so to those members who cannot meet the convergence criteria, or are unwilling to do so because they have too much respect for the well-being and economic strength of their country; further believes that there is no possibility that the Euro will be the currency of a majority of Euro countries; warns that if a project called Euro fails it brings discredit to the whole European experiment; and commends to the Commission the principle of product first, name afterwards.

This motion has been signed by a total of 7 MPs, 2 of these signatures have been withdrawn.