Hard Ecu
proposal from the british government in 1990 to avoid the single european currency. the hard ecu would have been a common – not a single – currency, and circulate side by side with national currencies.
that’s the course britain has chosen, in proposing the hard ecu as a common european currency alongside national currencies, so that people can choose which to use. ours is the only fully worked-out proposal for the next stage which has been tabled and i pay tribute to the city’s part in developing it. – margaret thatcher
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