I am not sure that the two situations are entirely comparable. So far as we are concerned, the two conferences are exercises to see whether we can co-operate more effectively with our partners in Europe. I am sure that my hon. Friend would not suppose that my right hon. Friend the Chancellor's plan for a hard ecu, or the ideas that I am quoting in the other conference for stimulating the role of national parliaments in controlling the Community and for more effective compliance by member states of European decisions that they have already accepted in theory, involve any sacrifice of independence on our part.