Large scale document archive

1978 Dec 4 Mo
Archive (TNA)

EMS: Brussels European Council (draft speaking note for PM - Britain not joining ERM) [declassified 2008]

Document type: Declassified documents
Venue: Brussels
Source: PREM 16/1643
Editorial comments: Dated 4 December but certainly not used that day, because according to the Jenkins diary, it was only at the final session on 5 December that Callaghan finally stated that Britain would not join the Exchange Rate Mechanism. It is not quite clear that Callaghan used the draft at all: notes on the session by David Owen (also on this site) differ somewhat from it.
Importance ranking: Major
Word count: 2pp
Themes: Monetary policy, Trade, European Union (general), Economic, monetary & political union