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Dáil Éireann debate -
Wednesday, 29 May 1974

Vol. 273 No. 2

Ceisteanna—Questions. Oral Answers. - “Green £1”.


asked the Minister for Agriculture and Fisheries his attitude to the introduction of a "Green £1"; and the benefits that might accrue from it to the farming community.

My Department in consultation with other Departments concerned are studying the pros and cons of seeking a modification, for the purposes of the Common Agricultural Policy, in the representative rate of the Irish £ vis-à-vis the Unit of Account in order to bring it more into line with the current market rate. This is a very complex issue with many implications, and pending completion of the study at present in progress I do not propose to make any detailed comment.