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Proceeding contribution from Robert Goodwill (Conservative) in the House of Commons on Monday, 18 February 2008. It occurred during Ministerial statement on Northern Rock.


Northern Rock

The European Commission has indicated that while the emergency loans made at commercial rates do not fall under state aid rules, the guaranteeing of deposits does, and it has given the Government six months for emergency restructuring. That six months runs out in March. For how long does the Chancellor think that the EC will condone this continuing situation before it bows to pressure from other banks and financial institutions to implement those rules?


Secondary information

Type
Proceeding contribution
Reference
472 c36 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Compensation Banks Public appointments Public sector Nationalisation Sales Shareholders Northern Rock Northern Rock Foundation
Link
View this Proceeding contribution on www.publications.parliament.uk