Skip to main content

Proceeding contribution from Alistair Burt (Conservative) in the House of Commons on Monday, 23 March 2009. It occurred during Ministerial statement on Spring European Council.


Spring European Council

But with such enormous debt chasing a finite capacity to lend, some commentators are now talking about what Steve Bundred of the Audit Commission has called the Armageddon scenario in which there is simply not enough money to provide for the borrowing that is being sought. Did the European Council consider this to be a serious possibility, and if so, what is Britain's strategy to deal with it?


Secondary information

Type
Proceeding contribution
Reference
490 c34 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Banks Climate change Developing countries Broadband Finance Energy supply Financial services International cooperation Economic situation EU action EU economic policy International Monetary Fund Pay Regulation Trade Renewable energy Tax havens European Council
Link
View this Proceeding contribution on www.publications.parliament.uk