UK: HELMUT KOHL ARRIVES FOR MEETING WITH TONY BLAIR

Описание: (20 Oct 1997) Natural Sound

German Chancellor Helmut Kohl arrived in England on Monday for a meeting with British Prime Minister Tony Blair.

The meeting was a scheduled one, but Kohl's arrival continued to fuel speculation over the British government's stance on European economic and monetary union.

Its stated position is that it remains committed to preparing for a single European currency even though it is unlikely to join monetary union soon.

British shares prices soared last month following a newspaper report that the government was warming to a single currency.

Helmut Kohl arrived at the Prime Minister's country residence in Chequers, England on Monday for a routine meeting with British Prime Minister Tony Blair.

Kohl is expected to question Tony Blair on his government's "wait and see" policy on joining the European monetary union.

Despite comments from the U-K government that its cautious attitude to European economic and monetary union hadn't changed, Kohl's arrival increased speculation that Blair may push for inclusion in the single currency's first wave.

Over the weekend, British Finance minister Gordon Brown appeared to push back the timetable for British membership of a single European currency.

He said a period of stability was needed first and that entry in 1999 was highly unlikely.

Last night Brown was forced to calm the markets after pressure was heaped on him from captains of industry and political rivals to clarify openly the Government's position.

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