Oral question asked in the House of Lords, by Lord Waddington (Conservative). It was answered on Tuesday, 8 June 2010.
European Union: Debts
- Question
- My Lords, I wonder whether my noble friend can help me on this point. If we had been foolish enough to join the euro, what would have been our contribution to the Greek bailout simply as a result of being a member of the eurozone?
- Answer
-
My Lords, a package of assistance was agreed in early May for Greece, consisting of €110 billion over three years and comprising an IMF standby arrangement of €30 billion and an intergovernmental package of bilateral loans from euro-area member states of €80 billion. This is, of course, subject to strict conditions. I think noble Lords would agree that it is not for me to speculate on what might have been.
Secondary information
- Type
- Oral question
- Reference
- 719 c594
- Session
- 2010-12
- Oral question type
- Supplementary
- Chamber / Committee
- House of Lords chamber
- Subjects
- Debts EU countries Liability EU grants and loans
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2014-09-01 20:15:01 +0100
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