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1978 Dec 5 Tu
Archive (TNA)

EMS: Brussels European Council (Callaghan notes on British objectives) [declassified 2008]

Document type: Declassified documents
Document kind: Draft
Venue: Brussels
Source: PREM 16/1643
Journalist: -
Editorial comments: These notes may be a draft for Callaghan’s speech to the Council on 5 December explaining that Britain would not be joining the Exchange Rate Mechanism (here referred to as the ‘ERR’). They carry no date, and may have been prepared on a contingency basis the day before they were delivered (it surprised Jenkins that Callaghan was not forced to show his hand in the opening session of the Council on 4 December).
Importance ranking: Major
Word count: 2pp
Themes: Monetary policy, Trade, European Union (general), Economic, monetary & political union