Contact:                    Peter Black on 07774 256123 or 029 20 898744

Release Date:          15 January 2002

 

Assembly Member supports early referendum

 

The Welsh Liberal Democrat Assembly Member for South Wales West, Peter Black, has added his voice to those of Labour backbench MPs, in calling for an early referendum on the Euro, preferably by Autumn of this year.

 

Mr. Black raised the issue in First Minister’s questions today when he asked Rhodri Morgan to add his voice to those of his party colleagues in pressing the Prime Minister for an early vote on the Euro.  Mr. Black referred to an opinion poll taken earlier in the week, which, for the first time, showed a majority in Wales in favour of Britain joining the Euro.

 

"The introduction of the single currency in 12 Countries on 1 January has brought home to many people the advantages it offers", said Mr. Black. "More importantly, with nearly 72% of Welsh trade taking place with Eurozone Countries it is crucial to the future and stability of the Welsh economy that a decision is taken as soon as possible."

 

"Liberal Democrats support entry into t he Euro when the economic conditions are right and after the British people have had their say on the principle of entry.  That vote should take place earlier rather than later and, in my view, by autumn of this year, so that businesses know where they stand."

 

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