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Proceeding contribution from Mark Hendrick (Labour) in the House of Commons on Tuesday, 9 December 2008. It occurred during Debate on European Affairs.

European Affairs

I totally agree with the hon. Gentleman. I would venture to suggest that there are two reasons for the United States being in more difficulty than the European Union. First, the degree to which the state must get involved in order to provide a stimulus is anathema to the current US Administration, and, secondly, it has a lame duck President. Everyone is wondering what President-elect Obama would do in such circumstances. Although I agree that the EU has handled the situation much better than the United States, I have described the probable reasons for that.

Secondary information

Type
Proceeding contribution
Reference
485 c441-2 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Armed conflict Banks Coal Climate change Competition Development aid Cyprus Carbon capture and storage Africa EU countries Finance Human rights Energy EU enlargement European Union Industry EU internal trade International cooperation Fiscal policy Government assistance Economic situation Germany EU external trade Economic and monetary union EU economic policy EU emissions trading scheme National security Motor vehicles Public expenditure Peacekeeping operations Politics and government Piracy Poland Overseas trade Standards Terrorism Rule of law Balkans Russia Israel Turkey Kosovo Common agricultural policy Foreign investment in UK Zimbabwe Middle East Bosnia and Herzegovina EU external relations EU aid EU defence policy Georgia Somalia Treaty of Lisbon Kurds South Ossetia Organization for Security and Co-operation in Europe
Link
View this Proceeding contribution on www.publications.parliament.uk