Archive

1990 May 1 - 1990 Jun 27
Prime Ministerial Private Office files

PREM19/2983
European Policy (European Monetary System (EMS): economic and monetary union) (Part 7)

Document type: File list item
Source: TNA, PREM19 series
Release date: 2018 Jun 5
Classification: Secret
Page count: 382
Any docs withheld?

PREM19/2983 - download whole file (PDF, 197.77 MB)

Selections from this file

Showing items 1 - 20 of 41

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Date Value Title
90 May 1 Tu Major European Policy: Sir Michael Butler letter to Powell ("Maintaining Parities against Speculative Attack under the European Committee's Stage 2 Proposal") [CDP: "Yet another letter from Sir Michael Butler"] [declassified Jun 2018]
90 May 2 We Minor European Policy: FCO letter to No.10 ("Committee for the Monetary Union of Europe: Letter to the Prime Minister from M. Giscard d'Estaing") [draft reply for MT] [declassified Jun 2018]
90 May 4 Fr Major European Policy: Treasury letter to No.10 ("Possible Dates for Joining the ERM") [possible dates between now and end September; further consideration being given to exchange rate] [declassified Jun 2018]
90 May 4 Fr Major European Policy: No.10 minute for MT ("Covert Exchange Controls") [Keith Joseph arguing German controls mean Madrid conditions not satisfied, but No.10 doubtful such controls exist] [declassified Jun 2018]
90 May 4 Fr Minor European Policy: MT letter to Giscard d'Estaing (Economic and Monetary Union) [thanks for keeping her up to date with his thinking] [declassified Jun 2018]
90 May 14 Mo Major European Policy: UKE Bonn telegram to FCO ("Economic and Monetary Union (EMU)") [Pohl hints that "EMU could precede with less [sic] than twelve members"] [declassified Jun 2018]
90 May 16 We Major European Policy: UKREP Brussels telegram to FCO ("Speech by the President of Bundesbank to the European Parliament Committee on Economic and Monetary Affairs") [Pohl in private session "admitted a certain scepticism for the prospects for EMU"] [declassified Jun 2018]
90 May 17 Th Minor European Policy: Treasury letter to No.10 ("German Restrictions on the Issue of Foreign Currency Bonds") [served no purpose for monetary control and were abolished in Jan 1990] [declassified Jun 2018]
90 May 18 Fr Major European Policy: Brian Griffiths minute for MT ("ERM Entry: For and Against") [economic arguments unchanged; sceptical that entry would reduce UK interest rates; "real case for entry is political"; "On balance ... I believe that the UK should enter the ERM"] [declassified Jun 2018]
90 May 23 We Minor European Policy: UKREP Brussels telegram to FCO ("EMU: Institutional Aspects") [COREPER discussion on 23 May] [declassified Jun 2018]
90 May 25 Fr Major European Policy: Treasury letter to No.10 ("How the ERM Works") [note setting out the mechanism "in a detailed, but we hope simple, way"] [declassified Jun 2018]
90 May 25 Fr Major European Policy: Powell briefing for MT ('EMU') ["the Chancellor's latest thinking .... You will find it unpalatable"] [declassified Jun 2018]
90 May 25 Fr Key European Policy: Major minute for MT ('EMU') [risk of "the beginning of a path to a two-tier Europe"; MT: "What's wrong with that if the other tier is going in the wrong direction?"] [declassified Jun 2018]
90 May 30 We Key European Policy: Powell briefing for MT ("Bilateral with the Chancellor: EMU") [MT sceptical others would go ahead without us, and even if they did, does not believe UK should follow "a fundamentally wrong direction"] [declassified Jun 2018]
90 May 30 We Minor European Policy: Treasury letter to No.10 (draft for MT reply to latest Sir Michael Butler letter on EMU) [no substantive reply needed] [declassified Jun 2018]
90 May 31 Th Key European Policy: No.10 record of conversation (MT, John Major; Middleton, Wicks) [EMU - MT rejects Major suggestion that UK should accept Treaty committing to EMU "leaving to individual states ... whether and when to join"; instead, campaign to instill doubts about EMU and in favour of alternative concepts] [declassified Jun 2018]
90 Jun 5 Tu Major European Policy: Treasury letter to No.10 ("Economic and Monetary Union") [follow-up work commissioned after MT-Major meeting - North Atlantic Free Trade Area, buidling up NATO's political side, objective reference standard for world currencies] [declassified Jun 2018]
90 Jun 6 We Major European Policy: Powell letter to FCO ("Economic and Monetary Union") [MT's comments on Chancellor's minute, and further work needed; the danger of protectionist blocs] [declassified Jun 2018]
90 Jun 8 Fr Major European Policy: John Major minute for MT ('ERM') [sterling's rate on entry; width of the bands; sterling's central rate] [declassified Jun 2018]
90 Jun 11 Mo Major European Policy: Sir Michael Butler letter to Powell ("Second Stage of EMU") [case for tabling his ideas; MT asks for ministerial meeting] [declassified Jun 2018]