Monetary Union
Hopper specialised in economic policy at the European Parliament. In November 1980 he made a speech on behalf of the European Democratic Group in which he urged that member states not adopt economic policies which were in competition with each other. He said that the European Monetary System needed central supervision but should not concentrate on keeping currency exchange rates within narrow bands and instead make it difficult for member states to export unemployment to each other. The next month he criticised the government of Japan for managing its exchange rates to promote exports, particularly of cars, which meant that there had never been fair competition.
Read more about this topic: William Hopper (politician)
Famous quotes containing the words monetary and/or union:
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