SINGLE EUROPEAN CURRENCY - KARL

That this House, aware that as a result of the recent agreement at Maastricht the United Kingdom will now move inevitably, despite an 'opt-in' clause, towards a single European currency which will replace the present European composite currency or ecu, recognises that such a new single currency will be heavily influenced by Germany and that its naming is of great importance; suggests the name of Karl, derived from Karl der Grosse or Charlemagne, who in early times achieved the unification of much of Europe; notes that the monetary sign of K, like ú, is unique and therefore well fitted to take its place beside the $ and Y; and urges Mr Chancellor of the Exchequer to put this initiative to his colleagues at the European Council of Ministers.