Charlie McCreevy
Question:16 Mr. McCreevy asked the Minister for Finance the exchange rate policy that will be pursued by him; and if he will make a statement on the matter. [1582/95]
Ceisteanna — Questions. Oral Answers. - Exchange Rate Policy.
The objective of exchange rate policy continues to be the maintenance of price stability, that is, low inflation. As the Government's Programme for Renewal points out, a stable currency is essential to the maintenance of low inflation and competitiveness. A stable exchange rate within the ERM will remain the cornerstone of monetary policy.
Has the Minister for Finance spoken to the Taoiseach who has expressed totally different views on the exchange rate policy during the last exchange rate crisis? Can I take it that the views expressed on various occasions by Deputy Bruton and others on that matter and other blasts from the past can be forgotten?
The programme for Government entitled A Government of Renewal contains an explicit reference to the exchange rate policy which this Government will pursue and that naturally includes all the constituent parties that make up this Government, including the leader of the Fine Gael Party, who is the Taoiseach.
I am pleased to hear that.