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Notes for Editors
Graham is a regular speaker and broadcaster on EMU and Brexit topics
Contact Details:Tel: +44 (0) 1424 777123 Mob: +44 (0)7785 323483
Graham is a passionate believer that Britain will best secure our national interests by remaining a fully-committed member of the European Union. With that standing, Britain will be able to play a leading role in pushing forward the reform programme set out by Commission President Juncker in the `Political Guidelines’ for the European Commission 2014-19.
Graham is particularly focused on the proposals for a Deeper and Fairer Economic and Monetary Union. His status in this field is well recognised:
· The House of Lords EU Economic and Financial Affairs Sub-Committee (Sub-Committee A) has asked him to address the first session (on November 25th) of its `Completing Europe's Economic and Monetary Union’ inquiry.
· In 2013, Commission President Barroso appointed him in to be a member of the European Commission's Expert Group looking into initiatives for the joint issuance of debt in the form of a redemption fund and eurobills.
· As the Expert Group found that Graham’s plan for eurobills was technically and legally feasible, he continues to take this forward and has just published a revised “Plan for a Temporary Eurobill Fund as a Stepping Stone to Stage 2.” The plan provides a concrete mechanism to:
o Bind the euro area into economic policy co-ordination and convergence; deepen the financial integration inherent in CMU; and buttress financial stability.
o Be initiated in Stage 1 as a modest stepping stone; be scaled up in Stage 2 towards becoming a de facto European Treasury with Communautaire political governance – perhaps even providing a modest `fiscal capacity’.
o Be easily reversed (even to extinction) within two years.
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