BBC2, Saturday 21 November 1992
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P158 CEEFAX 158 Sat 21 Nov 15:03/27
EC MEMBERS DISCjSS ERM REALIGNMENT
Senior EC monetary officials have
begun a meeting in Brussels to
discuss a possible realignment of
tXj EC Exchange Rate Mechanism.
German central bank vice president
Hans Tietmeyer was first to arrive.
Asked if he expected devaluation of
a number of EC currencies, he
riplied: "Wait and see."
Spain has confirmed that it asked
for the meeting. The Spanish,
Portuguesj and Irish currencies are
thought most likely to be devalued.
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